UPM enjoys lower costs and a growth in profits in the 2014 financial year

Rationalisation measures and growth projects to underpin profits

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Cutting costs was a key factor driving profits and losses in UPM’s balance sheet in the 2014 financial year. The group posted slightly lower sales revenues of €9.87bn (2013: 10.05bn), but has increased the net income to €512m (€335m) and operating income to €674m (€548m). Excluding extraordinary charges, ...

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