forestry company UPM’s comparable operating profit decreased in the third quarter of 342 million euros, while a year earlier was 420 million. Net sales decreased six percent to 2.49 a billion.

UPM’s ceo Jussi Pesonen said in the announcement (switch to another service), that appear in the result, the pulp of the record high price last year. Pesonen, according to UPM’s business operations good progress has continued.

This year compared to the second quarter operating profit remained unchanged. Cash flow from operating activities was very strong, totaling eur 500 million. Consistent strong cash flow and debt free balance sheet form a solid basis for growth investment in our implementation, Pesonen said in a bulletin.

– in the fourth quarter was a very significant milestone in the company’s strategic renewal. The biggest news was the decision to invest in Uruguay the new, highly competitive pulp mill that in the future to raise the pulp business and UPM’s earnings to a new level.

Pesonen, reported that the construction of the licensing and preparation has begun to plant the grounds, and monte video, ports. The uruguayan state has also started the railway construction.

during July–September, UPM has closed down paper machine Plattlingin factory in Germany. In addition, it has told its intention to close the Rauma mill’s paper machine 2:no, sale Chapelle newsprint mill in France and the establishment of a new business services centre Wroclawiin Poland.

UPM expects that its business operations continued at a good level this year.

Pesonen, continue to next spring

president and Ceo Jussi Pesonen will continue in office so far, the company’s board of directors at the request of, the UPM told me.

Pesonen is, however, not willing to continue to UPM’s board of directors as a member of the next spring after the annual general meeting. He has served UPM-kymmene ceo since 2004 and board member since 2007.

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