Thursday, January 31, 2013

UPM Reports Q4 and 2012 Earnings

Q4/2012
Earnings per share excluding special items were EUR 0.19 (0.16), and reported EUR -2.84 (0.20)
EBITDA was EUR 301 million, 11.4% of sales (301 million, 11.2% of sales)
Impairment charges of EUR 1,779 million were recorded in the Paper business area
Operating cash flow continued to be strong at EUR 352 million
Q1-Q4/2012
Earnings per share excluding special items were EUR 0.70 (0.93), and reported EUR -2.39 (0.88)
EBITDA was EUR 1,269 million, 12.2% of sales (1,383 million, 13.7% of sales)
Net debt decreased by EUR 582 million to EUR 3,010 million.