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UPM Plywood increases both turnover and profit

29.05.2015 − 

In the first quarter of 2015, cost reductions and rising demand for plywood have generated a year-on-year increase in EBITDA of 47% to €25m at UPM Plywood, the plywood division of Finnish UPM-Kymmene. The adjusted operating profit was up by 73% to €19m. Turnover, at €119m, improved year on year by 4%, and plywood deliveries increased by 6% to 199,000 m³. The adjusted operating profit and the EBITDA of the UPM Biorefining division, which covers not only wood-energy business but also the partial sectors Lumber and Pulp, showed growth of 73% to €97m and 46% to €134m respectively on the back of rising pulp prices. However, the result was burdened by the scheduled production shutdown of the Kaukas pulp plant for maintenance work. Divisional turnover was up by 8% to €533m. Pulp deliveries were down by 1% to 810,000 t.

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