Helsinki, Finland, 18 June 2008 – UPM's operative profitability for 2008 is expected to be weaker than that of last year because of higher than estimated costs of wood fiber 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 materialize as anticipated.

UPM will release its financial result for April-June on 24 July 2008.