Second quarter hit by high raw material costs, pressure continues, UPM committed to improve profitability
Interim report January-June 2008: – Earnings per share for the second quarter were EUR 0.18 (EUR -0.38 for the second quarter of 2007), excluding special items EUR 0.17 (0.28) – Operating profit was EUR 157 million (a loss of 75 million) excluding special items EUR 155 million (225 million) – Increase of overall costs for the full year is still expected to be about 2%