UPM-Kymmene is to book €108m-worth of net charges in its 2007 fourth quarter results.
The special item charges include class-action lawsuits raised in the US, the closure of the Miramichi paper mill and the decrease of deferred tax assets in Canada.
UPM‘s operating profits will also be hit by €50m-worth of charges attributed to special items.
However, the company will also book a non-taxable capital gain of €58m from the sale of port operators Oy Rauma Stevedoring Ltd and Botnia Shipping Ltd.
UPM‘s full 2007 financial results are due to be published on February 5.