{"id":104304,"date":"2022-02-10T07:02:00","date_gmt":"2022-02-10T06:02:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=104304"},"modified":"2022-02-07T15:25:04","modified_gmt":"2022-02-07T14:25:04","slug":"upm-financial-statements-release-2021","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/upm-financial-statements-release-2021\/","title":{"rendered":"UPM financial statements release 2021"},"content":{"rendered":"\n\n\n<p><strong>Q4 2021 highlights<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Sales increased by 22% to EUR 2,673 million (2,188 million in Q4&nbsp;2020)<\/li><li>Comparable EBIT increased by 83% to EUR 461 million, 17.2% of sales (252&nbsp;million, 11.5%)<\/li><li>Operating cash flow was EUR 406 million (347&nbsp;million)<\/li><li>Net debt increased to EUR 647 million (56 million) and net debt to EBITDA ratio was 0.35 (0.04)<\/li><li>The unprecedented energy market situation enabled UPM Energy to reach record earnings but added to the paper businesses&#8217; costs<\/li><li>The fair value of UPM&#8217;s sustainably managed forests increased due to higher wood volume, growth, and price estimates<\/li><li>Refined completion plan for the Uruguay project ready and investment case confirmed, start-up scheduled by the end of Q1 2023<\/li><li>UPM was listed in the Dow Jones European and World Sustainability Indices (DJSI) for 2021\u20132022 as the only company in its industry<\/li><li>UPM was recognized with a CDP \u2018A\u2019 score for its sustainable forestry operations.<br><\/li><\/ul>\n\n\n\n<p><strong>2021 highlights<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Sales increased by 14% to EUR 9,814 million (8,580 million in 2020)<\/li><li>Comparable EBIT increased by 55% to EUR 1,471 million (948&nbsp;million), and was 15.0% (11.1%) of sales<\/li><li>Operating cash flow was EUR 1,250 million (1,005&nbsp;million)<\/li><li>Cash funds and unused committed credit facilities totalled EUR 2.5 billion at the end of December<\/li><li>UPM Board of Directors proposes a dividend of EUR 1.30 per share be paid in respect of the 2021 financial year (1.30).<\/li><li>UPM started the basic engineering phase of a next-generation biofuels refinery in January<\/li><li>UPM sold the UPM Shotton newsprint mill in the UK<\/li><li>The global sustainability ratings provider EcoVadis recognised UPM on the highest possible Platinum level for its responsible performance in 2021<\/li><li>UPM was recognised as one of the world\u2019s 37 most sustainable companies by the UN Global Compact<\/li><li>UPM joined The Climate Pledge in February, committed to reach the targets of the Paris Agreement 10 years in advance<\/li><\/ul>\n\n\n\n<p>Comments on the Q4 from Jussi Pesonen, President and CEO, and additional information can be read <a rel=\"noreferrer noopener\" href=\"https:\/\/www.upm.com\/about-us\/for-media\/releases\/2022\/01\/upm-financial-statements-release-2021-earnings-back-to-strong-pre-pandemic-levels-refined-completion-plan-for-uruguay-project-ready\/\" data-type=\"URL\" data-id=\"https:\/\/www.upm.com\/about-us\/for-media\/releases\/2022\/01\/upm-financial-statements-release-2021-earnings-back-to-strong-pre-pandemic-levels-refined-completion-plan-for-uruguay-project-ready\/\" target=\"_blank\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Q4 2021 highlights Sales increased by 22% to EUR 2,673 million (2,188 million in Q4&nbsp;2020) Comparable EBIT increased by 83% to EUR 461 million, 17.2% of sales (252&nbsp;million, 11.5%) Operating cash flow was EUR 406 million (347&nbsp;million) Net debt increased to EUR 647 million (56 million) and net debt to EBITDA ratio was 0.35 (0.04) [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"Highlights from UMP financial statements show earnings back to strong pre-pandemic levels, refined completion plan for Uruguay project ready","footnotes":""},"categories":[5572],"tags":[5838,5829],"supplier":[11726],"class_list":["post-104304","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-bioeconomy","tag-economy","supplier-upm-corporation"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/104304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=104304"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/104304\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=104304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=104304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=104304"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=104304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}