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UPM-Kymmene Corporation: Interim Report Q3/2015
2015-10-29 08:50:23| Paper - Topix.net
Operating profit excluding special items includes a fair value increase of biological assets in Finland totalling EUR 265 million, due to adjusted long-term wood price estimates and a change in the discount rate The profit improvement programme proceeded ahead of schedule, reaching a cost reduction impact of EUR 36 million in Q3 2015 Growth projects progressed well, dividends increased to EUR 373 million and net debt decreased to EUR 2,465 million UPM started ramping up the expanded Kymi Pulp mill in Q3, started commercial deliveries of advanced renewable diesel and completed the UPM Raflatac expansions in Poland and APAC in Q2 2015 1) EBITDA is operating profit before depreciation, amortisation and impairment charges, excluding the change in fair value of biological assets and wood harvested, excluding the change in fair value of unrealised cash flow and commodity hedges, excluding the ... (more)
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Category:Materials