UPM (UPM.HE, UPM FH)
- 17373.1
- 533.7
- 98.3
Company Profile
UPM is Europe's largest graphic paper producer, using cash from its mature paper business to fund 'Spearheads for Growth' organic expansion in pulp, bio-chemicals and biofuels. UPM aims to (1) finance organic 'Spearheads for Growth' projects, (2) pay appealing dividends (50%+ EPS) and (3) maintain modest leverage (<2x net debt/EBITDA).
| Major Shareholders | % |
| The Vanguard Group, Inc. | 3.6 |
| Janus Henderson Investors UK Ltd. | 2.8 |
| Norges Bank Investment Management | 2.6 |
| FIL Investments International | 2.2 |
| Canada Pen. Plan Investment Board | 2.2 |
