Highlights
• Continued robust financial performance
• Revenue up 8%
• Return on capital employed a strong 18.7%
• Underlying operating profit of €497 million
• Underlying EBITDA of €710 million
• Good progress in delivering on major capital investment projects
• Integration of recent acquisitions on track, expanding the Group’s geographic reach and product offering to better serve our customers
• Lower forestry fair value gain of €20 million (2016: €48 million) and higher maintenance shuts of €40 million (2016: €20 million) impacted first half results
• Interim dividend declared of 19.10 euro cents per share
