(UPM, Helsinki, 11 December 2008 at 08:00) – UPM estimates that its deliveries will decrease more than anticipated in the coming few months. The company will be prepared for changing market situation with flexible operations and capacity management in different production lines. Different businesses will aim to increase flexibility through shift arrangements and temporary lay-offs.
Due to weakening markets UPM will not achieve the expected result for the final quarter of the year 2008.
UPM will publish the Financial Review for the year 2008 on 5 February 2009
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 CFO, tel. +358 204 15 0011