UPDATE 1-NORDIC STOCKS - Factors to watch on Dec 16

HELSINKI, Dec 16 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Tuesday:

HUHTAMAKI (HUH1V.HE: Quote, Profile, Research)

The Finnish packaging maker warned on its 2008 profit, and said it would take a big fourth-quarter charge due to falling raw material prices, and layoffs stemming from weak demand. [nLG546831]

For more on the company, double click on [HUH1V.HE]

BAVARIAN NORDIC (BAVA.CO: Quote, Profile, Research)

The Danish vaccine maker raised its 2008 sales expectations to about 210 million Danish crowns ($38 million) from about 180 million, and said it now saw a pretax loss for the year of 185 million crowns instead of 225 million.

Last year, the company won a contract from the U.S. government for the development and delivery of 20 million doses of its Imvamune smallpox vaccine for a stockpile in case of biological attack. Deliveries will not start until next year.