Jussi Pesonen, UPM’s President and CEO, stated his confidence in the company’s growth businesses during its Capital Markets Day in London. He also underlined the importance of improved margins in the mature European businesses to maximise the cash flow of the company.
“UPM’s growth businesses sales today exceed EUR 4.0 billion and we have confidence in further growth going forward. More than 50% of our sales will derive from these solid performing growth businesses on latter half of this decade,” said Pesonen.
Pesonen highlighted that since 2007, UPM’s Energy, Pulp, Label and Asian Paper business have grown by 40 % in the topline. “Despite the two economic slowdowns during this period, all these businesses have been not only growing but also well profitable.”
As future sources of top line growth, he identified Paper in China, an expanding Pulp business, continued Label expansion in the emerging markets, biofuels and nuclear power generation - where UPM has a significant holding through the Finnish energy company TVO.