We have exciting transformative projects either in progress or in planning, which will drive the company’s future earnings and value. UPM-Kymmene Corporation Interim Report 26 April 2019 at 09:45 EET UPM Interim Report Q1/2019: UPM continues to grow sales and earnings Q1 2019 highlights Sales grew by … In the area of social responsibility, the focus areas are diversity and inclusion, continuous learning and development, responsible leadership, working conditions as well as community development.UPM manufactures fibre products, wood products, molecular bioproducts and low-emission energy in six business areas. The biorefinery producing renewable diesel and naphtha started operating in Lappeenranta in 2015. 13% of the company's comparable EBIT came from UPM Energy in 2019. In terms of revenue, paper production is still the largest business group of the company.UPM Biochemicals Biorefinery, Leuna (under construction)UPM Biorefining consists of pulp, timber and biofuel businesses. Initial works on the central railway have been started and financing of the railway construction consortium is proceeding but is yet to be finalised. UPM has a unique opportunity to make a positive impact and contribute to limiting the climate change. To stay on this track, Specialty Papers is continuing its cost management and product development initiatives. UPM also owns 9 hydropower plants in Finland. 227. However, the competitiveness of the operating environment is also decisive.UPM Biorefining continued to experience good customer demand for pulp, renewable biofuels and timber. UPM-Kymmene Corporation Annual Financial Report 28 February 2019 at 10:00 EET.
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Since these statements are based on current plans, estimates and projections, they involve risks and uncertainties which may cause actual results to materially differ from those expressed in such forward-looking statements. In addition, the ongoing investments at UPM Nordland and UPM Changshu are progressing well and will support our growth in a highly competitive way as of next year.UPM Raflatac reported stable earnings. The development of paper demand in Europe has been somewhat weaker than last year. Annual Report 2018 UPM-Kymmene. Sales growth continued, although the slow economic environment, particularly in Europe, is impacting the demand for labels. However, the slow economic environment in 2019 impacted the demand for paper, which declined faster than in previous years.Only participants who wish to ask questions in the conference call need to dial in. The Annual Report including the company's Financial Statements and the Report of the Board of Directors for the period 1 January - 31 December 2019 is available in English and Finnish on the corporate website. At the same time, we are in a position to pay an attractive dividend to our shareholders.In the fourth quarter of the year our sales decreased by 10%, mainly due to the fall in pulp sales prices and graphic paper deliveries. When completed, the projects offer significant growth to the company and open up completely new markets. UPM-Kymmene Oyj is a Finnish forest industry company. During the year, UPM commenced the investment in a new pulp mill in Uruguay and prepared for growth projects in biochemicals and biofuels. Specifically, in Q4 2019's revenue was $2.8B; in Q3 2019, it was $2.7B; in Q2 2019, it was $3B. Several of the mills work simultaneously as recycling centres and as producers of bioenergy.
Financial statements 2019. 226. Lisää ... UPM – Annual Report 2019 UPM-Kymmene. The report also illustrates UPM’s commitment to UN’s Business Ambition for 1.5°C pledge which aims to limit global temperature rise. These issues may impact UPM’s product and raw material markets in 2020.In the beginning of the year 2020, paper prices are expected to decrease moderately, compared with Q4 2019. There was a consistent customer demand for pulp and our deliveries increased compared with the same quarter last year. UPM has 16 paper mills in Finland, Germany, Great Britain, France, Austria, China and the United States. UPM's revenue is the ranked 3rd among it's top 10 competitors.
Potential intensification or easing of trade tensions between major economic areas cause uncertainty to the business environment. We recommend that participants start dialling in 5-10 minutes prior to ensure a timely start of the webcast.In January we announced our commitment to the United Nations Global Compact’s Business Ambition for 1.5°C. Risks and opportunities are discussed on pages 30–31 and risks and risk management are presented on pages 106–109 of the report.Despite the decline in demand, the graphic paper market continues to have significant volumes.
Margins and profits remained at the level of the two previous quarters, but comparable EBIT decreased by 15% from Q4 in the previous year. UPM has four modern pulp mills: three in Finland and one in Uruguay, and also four sawmills in Finland. I would like to sincerely thank all UPMers for making 2019 a success.“The year 2019 was a milestone year in UPM’s strategic transformation. Large, Forest and Paper Products Production at the UPM Chudovo, Russia, plywood mill expansion will commence during the third quarter, further improving the competitiveness of the business.The global economic growth is estimated to continue in 2019, albeit at a slower pace than in 2018.
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