troncosStrong result for UPM

Summary:
The Finnish forest industry is doing fine and UPM's interim report for Q3 showed a good result. The company's operating profit increased from earlier EUR 187 million to EUR 236 million. UPM's result is described as strong and its outlook as steady. Also Stora Enso published its figures recently and they were good.

Presents new austerity package in a few weeks
The Finnish forest industry recovers. Forestry giant UPM informed of good results in the third quarter. Operating profit has increased from 187 to 236 million euros a year. Recently also reported Stora Enso good quarterly results. UPM's quarterly earnings designated as sharply and the outlook stable. Forest Group wants to invest in future products, especially in biofuels.
UPM reached this year's profitability target of 200 million euros in advance. Therefore, the company is taking new measures to increase profitability. Within a few weeks presented a new austerity package.
- In industry it is constantly important to invest in cost-competitiveness, says CEO Jussi Pesonen of UPM Finnish Radio.
The cellulose is still going forward, for example in Pietarsaari expand their production capacity. But the newspaper crisis affects all paper manufacturers.
- Paper consumption is big in Europe, but declining. Paper Sales decrease by 2-4 percent per year, said CEO Jussi Pesonen as he presented UPM's results for the third quarter.
Source: Finnish Radio

Resultado fuerte para UPM
La industria forestal finlandesa está haciendo muy bien y el informe provisional de la UPM para la Q3 mostró un buen resultado. El beneficio operativo de la compañía se incrementó de 187 millones de euros a principios de 236 millones de euros. Resultado de UPM se describe como fuerte y su perspectiva como estable. También Stora Enso publicó sus cifras recientemente y eran buenos.


Bransch Nyheter  -  SUECIA - 30 octubre 2014