UPM Annual Report 2016
Accounts
In brief
Strategy
Businesses
Stakeholders
Governance
Financial information 2007–2016
Capital expenditure excluding acquisitions and shares EURm
Sales and personnel
Comparable EBITDA
Operating cash flow
Free cash flow EURm
Operating profit
EURm
EUR
EURm
30,000 25,000 20,000 15,000 10,000 5,000 0 employees
EURm
%
EURm
%
800
12,000 10,000
2,000
2,000
1,500
20
4
1,200 1,000
12 10
1,600
1,200
16
600
1,500
3
8,000 6,000 4,000 2,000 0
800 600 400 200 0
8 6 4 2 0
1,200
900
12
400
1,000
2
800
600
8
200
500
1
400
300
4
0
0
0
0
0
0
07
10 09 08
11 12 13 14 15 16
07
10 09 08
11 12 13 14 15 16
07
10 09 08
11 12 13 14 15 16
07
10 09 08
11 12 13 14 15 16
07
10 09 08
11 12 13 14 15 16
07
10 09 08
11 12 13 14 15 16
■ Sales
■ Comparable EBITDA % of sales
■ Operating cash flow Per share
Personnel
■ Comparable EBIT % of sales ■ Items affecting comparability
Net debt and net debt to EBITDA
Dividend per share
Equity and ROE
Capital employed and ROCE
Profit before tax
Earnings per share
EUR
%
EURm
%
EURm
%
EURm
EUR
EUR
EURm
%
1.0
10,000
15,000
5,000
50
15
15
5
1,200 1,000
12 10
2.0
0.8
8,000
12,000
4,000
40
12
12
4
1.5
800 600 400 200 0
8 6 4 2 0
0.6
6,000
9,000
3,000
30
9
9
3
1.0
0.4
4,000
6,000
2,000
20
6
6
2
0.5
0.2
2,000
3,000
1,000
10
3
3
1
0
0
0
0
0
0
0
0
0
07
10 09 08
11 12 13 14 15 16
07
10 09 08
11 12 13 14 15 16
07
10 09 08
11 12 13 14 15 16
07
10 09 08
11 12 13 14 15 16
07
10 09 08
11 12 13 14 15 16
07
10 09 08
11 12 13 14 15 16
■ Dividend per share Dividend to operating cash flow
■ Equity Comparable ROE
■ Capital employed Comparable ROCE
■ Net debt Net debt to EBITDA
■ Comparable profit before tax % of sales ■ Items affecting comparability
■ Comparable EPS ■ Effect of items affecting comparability
In 2016 UPM has relabeled the previously referenced “excluding special items” non-GAAP financial measures with “comparable” performance measures. Corresponding 2014 and 2015 group measures have been revised accordingly.
CONTENTS
ACCOUNTS
166
167
UPM Annual Report 2016
UPM Annual Report 2016
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