UPM sells the industrial site of Chapelle Darblay to the Community of Rouen

The new Adestor line includes our latest exclusive labeling products, designed and printed with various finishes that highlight the versatility, elegance and quality of our premium self-adhesive products. The new Adestor catalog is further evidence of Lecta's commitment to sustainability, featuring innovations aimed at reducing the environmental impact and promoting a circular economy: Essence Nature DfE 90 WS, 100% recycled material with textured finish; Stonepaper® 144 DfE, certified Cradle to Cradle Silver made from mineral powder; and Cold Ice White 110 HWS with HWS technology, which allows the commonly used film laminate to be eliminated, replacing it with a natural high wet strength layer, resulting in a plastic-free label. The entire Adestor range is manufactured in accordance with the ISO 14001 and EMAS environmental standards, the ISO 50001 energy management standard, the ISO 9001 quality standard, and the ISO 45001 occupational health and safety standard. Products are available with PEFC™ Chain of Custody or FSC® C011032 forest certification upon request.

Q2 2017 highlights: • Comparable EBIT increased by 2% to EUR 270 million (264 million in Q2 2016). • Favourable market demand continued. • High maintenance activity and seasonally higher fixed costs impacted comparable EBIT by approximately EUR -20 million compared with Q2 2016, EUR -45 million compared with Q1 2017. • Solid operating cash flow at EUR 269 million (434 million). • Net debt decreased to EUR 1,046 million (1,876 million). • UPM announced new focused investments at the Kaukas pulp mill and Tampere labelstock factory. Click Read More below for additional details.

The company recorded operating income of $48 million in the quarter, an improvement of $95 million compared to the second quarter of 2017, as adjusted EBITDA increased to $118 million from $83 million in the previous quarter. The company's operating results were positively impacted by increases in sales of market pulp and wood products, where shipments and pricing improved compared to the previous quarter. Profitability was also supported by lower manufacturing costs and savings derived from the closure of a high cost machine in our specialty papers segment, resulting in operating margin improvements that offset volume declines. Click Read More below for additional information.