• 2Q19 Reported EPS of $1.69 ◦ Adjusted EPS (non-GAAP) of $1.72 • 2Q19 Net sales declined 3.2% to $1.8 billion ◦ Organic sales growth (non-GAAP) of 1.6%. “Our Q2 earnings were in line with our expectations, as we more than offset softer-than-expected organic growth with accelerated productivity actions,” said Mitch Butier, President and CEO. “High value categories continue to grow faster than the base business, which, combined with our relentless focus on productivity, enable margin expansion even in a slower growth environment. “Organic growth in Label and Graphic Materials remained soft reflecting lower volume, while profitability was strong. Retail Branding and Information Solutions delivered solid organic growth, driven by continued strength in RFID, with significant margin expansion. Likewise, IHM continued to deliver strong margin improvement, despite flat organic growth. Click Read More below for additional information.
Anu Ahola has been appointed Senior Vice President responsible for SBU Newspaper Publishing, UPM Paper ENA (Europe and North America) as of March 1, 2016.
Anu Ahola is currently Senior Vice President responsible for Strategy & Energy within UPM Paper ENA. She has been in her current role since 2013. Ahola joined UPM in 2007 being responsible for strategy creation and implementation processes and Paper Business Group’s strategy development. Prior to joining UPM she worked for Nokia and Pöyry.
Anu Ahola has Master’s degree in Technology from Helsinki University of Technology, and MBA from Helsinki School of Economics and Business Administration.
She will be based in Helsinki and Augsburg and reports to Winfried Schaur, Executive Vice President, UPM Paper ENA.