UPM Annual Report 2020
Financial information 2011–2020
Sales and personnel
Comparable EBITDA
Operating cash flow
Comparable EBIT
Free cash flow
Capital expenditure excluding acquisitions and shares
EURm
%
EUR
%
EURm
employees
EURm
EURm
1,500 EURm
1,000 EURm
20
2,000
2,000
2,000
12,000
25,000
15
4
1,200
800
15
1,500
1,500
1,500
10,000
20,000
12
3
900
600
10
1,000
1,000
1,000
8,000
15,000
9
2
600
400
5
500
500
500
6,000
10,000
6
1
300
200
0
0
0
0
0
4,000
5,000
0
0
0
19 20 11 12 13 14 15 16 17 18
19 20 11 12 13 14 15 16 17 18
19 20 11 12 13 14 15 16 17 18
19 20 11 12 13 14 15 16 17 18
19 20 11 12 13 14 15 16 17 18
19 20 11 12 13 14 15 16 17 18
Comparable EBITDA % of sales
Operating cash flow Per share
Comparable EBIT Items affecting comparability % of sales
Sales Personnel
Net debt and net debt to EBITDA
Dividend per share
Capital employed and comparable ROCE
Comparable profit before tax
Comparable earnings per share
Equity and comparable ROE
%
%
%
%
EURm
EURm
13,000 EURm
EURm
3.0 EURm
EUR
4,000
2,000
11,000
15
15
4
70
15
1.5
60
2.5
1.2
12,000
10,000
12
12
3,000
1,500
3
12
50
2.0
0.9
9,000
11,000
9
9
40
2,000
1,000
2
9
1.5
30
0.6
8,000
10,000
6
6
1.0
20
1,000
500
1
6
0.3
7,000
9,000
3
3
0.5
10
0.0
6,000
8,000
0
0
0
0
0
0
0
0.0
19 20 11 12 13 14 15 16 17 18
19 20 11 12 13 14 15 16 17 18
19 20 11 12 13 14 15 16 17 18
19 20 11 12 13 14 15 16 17 18
19 20 11 12 13 14 15 16 17 18
19 20 11 12 13 14 15 16 17 18
Equity Comparable ROE
Dividend per share (2020: proposal) Dividend to operating cash flow
Capital employed Comparable ROCE
Net debt Net debt to EBITDA
Comparable profit before tax Items affecting comparability % of sales
Comparable EPS Effect of items affecting comparability
In 2016 UPM has relabelled the previously referenced “excluding special items” non-GAAP financial measures with “comparable” performance measures. Corresponding 2014 and 2015 group measures have been revised accordingly.
222
223
UPM ANNUAL REPORT 2020
UPM ANNUAL REPORT 2020
Made with FlippingBook Publishing Software