UPM Annual Report 2019
FINANCIAL INFORMATION 2010–2019
Sales and personnel
Comparable EBITDA
Comparable EBIT
Operating cash flow
Capital expenditure excluding acquisitions and shares
Free cash flow
% 20
EURm
employees
EURm
EURm
%
EURm
EURm
EURm 1,500
EUR
12,000
25,000
2,000
15
2,000
2,000
4
500
400
1,200
10,000
15
1,500
1,500
12
20,000
1,500
3
300
900
8,000
10
1,000
1,000
9
15,000
1,000
2
200
600
500
6,000
5
6
10,000
500
1
500
100
300
0
4,000
0
0
0
0
0
5,000
0
0
12 13 14 15 16 17 11 10
19 18
12 13 14 15 16 17 11 10
19 18
12 13 14 15 16 17 11 10
19 18
12 13 14 15 16 17 11 10
19 18
12 13 14 15 16 17 11 10
19 18
12 13 14 15 16 17 11 10
19 18
Sales Personnel
Operating cash flow Per share
Comparable EBITDA % of sales
Comparable EBIT Items affecting comparability % of sales
Comparable earnings per share
Dividend per share
Equity and comparable ROE
Capital employed and comparable ROCE
Net debt and net debt to EBITDA
Comparable profit before tax
% 60
%
EURm
EUR
EURm
EURm
EURm
%
EURm
% 15
3.0
4,000
4
1.5
11,000
15
13,000
15
2,000
2.5
50
1.2
10,000
12
12,000
12
3,000
3
1,500
12
2.0
40
9,000
0.9
9
11,000
9
1.5
2,000
2
1,000
9
30
8,000
0.6
6
10,000
6
1.0
20
1,000
1
6
500
9,000
7,000
0.3
3
3
0.5
10
0
8,000
6,000
0
0
0
0
0
0
0
0
12 13 14 15 16 17 10 11
19 18
12 13 14 15 16 17 11 10
19 18
12 13 14 15 16 17 10 11
19 18
12 13 14 15 16 17 11 10
19 18
12 13 14 15 16 17 11 10
19 18
12 13 14 15 16 17 11 10
19 18
Comparable EPS Effect of items affecting comparability
Comparable profit before tax Items affecting comparability % of sales
Net debt Net debt to EBITDA
Equity Comparable ROE
Capital employed Comparable ROCE
Dividend per share Dividend to operating cash flow
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.
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UPM ANNUAL REPORT 2019
UPM ANNUAL REPORT 2019
CONTENTS
ACCOUNTS
OTHER FINANCIAL INFORMATION
OTHER FINANCIAL INFORMATION
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