UPM Half-Year Financial Report 2019: Margin management delivered continued earnings growth
UPM-Kymmene Corporation Half-Year Financial Report 23 July 2019 at 09:50 EET UPM Half-Year Financial Report 2019: Margin management delivered continued earnings growth Q2 2019 highlights · Sales grew by 1% to EUR 2,605 million (2,589 million in Q2 2018). · Comparable EBIT increased by 3% to EUR 345 million (334 million). · Cost environment started to moderate, fixed costs decreased mainly due to lower maintenance activity. · Operating cash flow increased to EUR 436 million (328 million). · Net debt decreased to EUR 366 million (401 million).