Sites Investors Businesses Responsibility News & Stories About us Careers Contact us UPM.COM Investors › UPM as an investment UPM as an investment UPM has constantly improved its financial, social and environmental performance. Over the coming years, we can allocate more capital to growing and transforming the company while simultaneously distributing attractive dividend to our shareholders and maintaining headroom in our strong balance sheet. UPM Biofore strategy - Beyond fossils Our purpose is to create value by seizing the limitless potential of bioeconomy. It means numerous profitable business opportunities, which are providing safe and sustainable solutions for growing global consumer demand. Spearheads for growth Demand growth for our businesses is supported by global megatrends. We aim to invest in businesses that offer attractive long-term fundamentals for profitability and growth, as well as opportunities to achieve a sustainable competitive advantage. In the coming years UPM seeks significant growth in high-value fibre, specialty packaging materials and molecular bioproducts. The key factors these three sprearheads have in common are significant growth potential and UPM's competitive advantage based on deep knowhow and high barrier to entry. Innovation is at the core of our strategy for future growth. Growth in Uruguay Learn about our pulp mill project We invest in next generation biochemicals Read more Strategic focus areas 1 Aiming for top performance 2 Value-enhancing growth projects 3 Innovating for a future beyond fossils 4 Value from responsibility 5 Improving business portfolio Shareholder value at the core Creating shareholder value is at the core of our strategy, and we believe this also benefits other stakeholders and society on the long term. Generating strong cash flow Strong cash flow enables focused growth investments, focused M&A, new business development as well as attractive dividends to our shareholders. Industry leading balance sheet Our industry-leading balance sheet mitigates risks and enables us to implement our growth projects also during uncertain times, such as 2020. Attractive dividend UPM aims to pay an attractive dividend, 30-40% of the company's annual operting cash flow per share. For 2020, UPM's dividend is EUR 1.30, representing 69% of operating cash flow per share. Read more Investor Tools Here you find interactive tools for UPM's share price performance and key figures comparisons Read more Financial targets UPM aims higher with long-term financial targets Read more Results centre Here you find a summary of UPM’s latest results and a wide selection of UPM's financial figures Read more Investor Relations: +358 (0)204 15 0033, ir@upm.com All Investor Relations contacts Share in social media We use cookies on this website to ensure the best user experience and to target personalised content and relevant advertising. You can approve cookies by pressing the button or choose another option by clicking on this link. For more information see our Privacy Policy. Approve Page modified 16.06.2021 Investors Businesses Responsibility News & Stories About us Careers Contact us Back to top For suppliers E-invoicing Certificate finder Safety Induction Where we operate Code of Conduct News & Stories Vacancies Contacts Image bank All releases UPM Switchboard +358 (0) 204 15 111 This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Services apply. Firstname.lastname@upm.com Responsibility contacts Media contacts Investors contacts Contacts for businesses Subscribe to our news releases Give us feedback Copyright © 2021 UPM. All rights reserved. Legal Notice Privacy Policy [苏ICP备17042973号-2] Cookie policy settings