UPM’s sales amounted to 7,719 million Euros 2009, compared to 9,461 million 2008. The operating profit 2009, excluding special items, was 270 million Euros, compared to 513 million Euros the previous year. Earnings per share were 0.33 Euro (0.35), excluding special items 0.11 Euro (0.42).UPM shows a strong operating cash flow of 1,259 million Euros, and the net debt was reduced by 591 million Euros during 2009."Tight cost control and flexible operations proved to be a good solution in the challenging business environment of 2009,” said UPM’s CEO, Jussi Pesonen. “Given the circumstances, UPM was able to achieve a good full year result in 2009.”"Timely cost savings and temporary production curtailments were applied in all of our business areas. Due to cost savings measures, the company's fixed costs decreased by 300 million Euros from the previous year. These successful savings were crucial for our financial performance in 2009," Pesonen continued.The Board of Directors' proposal for dividend is 0.45 Euro.