UPM annual report 2014

Key financial information 2005–2014

Capital expenditure excluding acquisitions EURm

Cash flow after investing activities EURm

Sales and personnel EURm

Cash flow from operations EURm

EBITDA EURm

Operating profit EURm

% 25

EUR 4

%

Employees 40,000

1,000

2,000

2,500

12.5

1,250

1,000

10,000

800

20

2,000

10.0

1,000

800

32,000

8,000

3

1,500

600

15

1,500

7.50

750

600

24,000

6,000

2

1,000

400

10

1,000

5.00

500

400

16,000

4,000

1

500

200

5

500

2.50

250

200

8,000

2,000

0

0

0

0.00

0

0

0

0

0

0

14 13 12 11 10 09 08 07 06 05

14 13 12 11 10 09 08 07 06 05

14 13 12 11 10 09 08 07 06 05

14 13 12 11 10 09 08 07 06 05

14 13 12 11 10 09 08 07 06 05

14 13 12 11 10 09 08 07 06 05

■ Cash flow from operations Per share, EUR

■ EBITDA % sales

■ Sales Personnel

■ Operating profit excl. special items % sales excl. special items ■ Special items

Net interest-bearing liabilities and gearing EURm

Equity and ROE EURm

Profit before tax EURm

Earnings per share EUR

Dividend per share EUR

Capital employed and ROCE EURm

% 10

% 20

%

% 100

% 15

1,000

10,000

2.0

1.0

250

7,000

15,000

800

8

16

8,000

1.6

0.8

200

80

5,600

12

12,000

600

6

12

6,000

1.2

0.6

150

60

4,200

9

9,000

400

4

8

4,000

0.8

0.4

100

40

2,800

6

6,000

200

2

4

2,000

0.4

0.2

50

20

1,400

3

3,000

0

0

0

0

0

0.0

0

0

0

0

0

14 13 12 11 10 09 08 07 06 05

14 13 12 11 10 09 08 07 06 05

14 13 12 11 10 09 08 07 06 05

14 13 12 11 10 09 08 07 06 05 *)

14 13 12 11 10 09 08 07 06 05

14 13 12 11 10 09 08 07 06 05

■ Equity ROE excl. special items, %

■ Net interest-bearing liabilities Gearing %

■ Capital employed ROCE excl. special items, %

■ Dividend per share EUR Dividend/earnings, %

■ Profit before tax excl. special items % sales ■ Special items

■ Earnings per share excl. special items ■ Special items

*) 2014: Board’s proposal

CONTENTS

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UPM Annual Report 2014

UPM Annual Report 2014

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