UPM Financial Statements Release 2019: UPM reports good performance and record cash flow – Uruguay investment drives significant future earnings growth
UPM-Kymmene Corporation Financial Statements Release 2019 30 January 2020 at 9:40 EET UPM Financial Statements Release 2019:UPM reports good performance and record cash flow – Uruguay investment drives significant future earnings growth Q4 2019 highlights · Sales decreased by 10% to EUR 2,447 million (2,731 million in Q4 2018) due to lower pulp price and lower deliveries of graphic papers · Comparable EBIT decreased by 15% to EUR 343 million (404 million) · Record quarterly operating cash flow at EUR 592 million (384 million) · Net debt decreased to EUR -