UPM Interim Report 1 January-31 March 2009
Earnings per share for the first quarter were EUR -0.30 (0.20), and excluding special items EUR -0.27 (0.19). Operating loss was EUR 95 million (profit of EUR 193 million), and excluding special items operating loss was EUR 78 million (profit of EUR 188 million). Operating cash flow was EUR 274 million (50 million). Cash preservation and cost-savings were emphasised.