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2008-06-18 08:36:13 CEST 2008-06-18 08:37:04 CEST REGULATED INFORMATION UPM-Kymmene - Company AnnouncementUPM expects its full year operative profitability for 2008 to be below last yearUPM-Kymmene Corporation Stock Exchange Release 18 June 2008 at 09:35 UPM's operative profitability for 2008 is expected to be weaker than that of last year due to higher than estimated costs of wood fibre sourcing and the weakening result for the sawn timber business. At the beginning of the year, UPM expected its full year operative profitability for 2008 to be about the same as in 2007. The company's ongoing price increases for magazine papers are estimated to materialise as anticipated. UPM will release its financial result for April-June on 24 July 2008. For further information, please contact: Mr Olavi Kauppila, Senior Vice President, Investor Relations, tel. +358 204 15 0658 Mr Jyrki Salo, Executive Vice President and CEO, tel. +358 204 15 0011 UPM, Media Desk Tel. +358 40 588 3284, communications@upm-kymmene.com UPM-Kymmene Corporation Pirkko Harrela Executive Vice President, Corporate Communications DISTRIBUTION OMX Nordic Exchange Helsinki Main media www.upm-kymmene.com |
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