UPM's Financial Review 2008

Earnings per share for 2008 were EUR -0.35 (0.16) excluding special items EUR 0.42 (1.00)
Operating profit for the year was EUR 24 million (483 million) excluding special items EUR 513 million (835 million)
Operating loss for the fourth quarter was EUR 286 million (profit of EUR 142 million) excluding special items operating loss was EUR 46 million (profit of EUR 194 million)
Operating cash flow was EUR 628 million (867 million)
High cost of wood and energy lowered profitability

For full review, please see the attached file.