UPM Financial Statements 2020: A positive finish to an exceptional year – transformative growth projects on budget and on schedule
UPM-Kymmene Corporation Financial Statements Release 2020 28 January 2021 at 09:50 EET UPM Financial Statements 2020:A positive finish to an exceptional year – transformative growth projects on budget and on schedule Q4 2020 highlights · Sales decreased by 11% to EUR 2,188 million (2,447 million in Q4 2019) due to lower pulp prices and lower deliveries and prices of graphic papers · Comparable EBIT was EUR 252 million, 11.5% of sales (343 million, 14.0%), down 27% year-over-year · Operating cash flow was EUR 347 million (592 million) · Successful health