UPM-Kymmene Oyj

HLSE-UPM

Overview Financials Investor Relations Estimates Ownership Industry Dividends Modeling Filings

Income Statement	Dec '14	Dec '15	Dec '16	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Total Revenues					10,238	8,580	9,814	11,720	10,460	10,301
Total Revenues % Chg.					-2.3%	-16.2%	14.4%	19.4%	-10.8%	-14.1%
Cost of Goods Sold, Total					7,301	7,356	8,079	9,441	9,293	8,989
Gross Profit					2,937	1,224	1,735	2,279	1,167	1,312
Selling General & Admin Expenses, Total					1,216	15	25	29	23	23
Stock-Based Compensation					14	—	—	—	—	—
Depreciation & Amortization					477	471	464	442	543	512
Other Operating Expenses					-90	-121	-112	-241	-255	-200
Other Operating Expenses, Total					1,617	365	377	230	311	335
Operating Income					1,320	859	1,358	2,049	856	977
Interest Expense, Total					-45	-47	-47	-63	-87	-112
Interest And Investment Income					18	26	32	35	37	37
Net Interest Expenses					-27	-21	-15	-28	-50	-75
Income (Loss) On Equity Invest.					3	3	2	4	-1	—
Currency Exchange Gains (Loss)					3	-28	-8	-22	-109	-39
Other Non Operating Income (Expenses)			—		-9	-6	4	-27	-19	-18
EBT, Excl. Unusual Items					1,290	807	1,341	1,976	677	845
Restructuring Charges		—		—	-13	-70	-49	—	—	-82
Gain (Loss) On Sale Of Investments		—		—	—	12	133	—	—	—
Gain (Loss) On Sale Of Assets					4	13	14	37	8	8
Asset Writedown					26	-25	109	-68	-220	-281
EBT, Incl. Unusual Items					1,307	737	1,548	1,945	465	490
Income Tax Expense					234	169	240	388	71	44
Earnings From Continuing Operations					1,073	568	1,308	1,557	394	446
Minority Interest	—	—			-12	-8	-22	-31	-6	-14
Net Income					1,061	560	1,286	1,526	388	432
Net Income to Common Incl Extra Items					1,061	560	1,286	1,526	388	432
Net Income to Common Excl. Extra Items					1,061	560	1,286	1,526	388	432
Total Shares Outstanding					533.3	533.3	533.3	533.3	533.3	533.3
Weighted Avg. Shares Outstanding					533.3	533.3	533.3	533.3	533.3	533.3
Weighted Avg. Shares Outstanding Dil					533.3	533.3	533.3	533.3	533.3	533.3
EPS					2	1.1	2.4	2.9	0.7	0.8
EPS Diluted					2	1.1	2.4	2.9	0.7	0.8
EBITDA					1,717	1,246	1,729	2,424	1,304	1,478
Effective Tax Rate					17.9%	22.9%	15.5%	19.9%	15.3%	9%