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CEO comments

President and CEO on the H1 results 2018:

"Already earlier we had reported several positive book to bill quarters and now we see this positive trend converting into a high order stock (+21.9%) which will drive solid organic growth in sales in the future. Also in terms of profitability, the positive trend from the first quarter continued and we have now seen that our transformation program produced eight consecutive quarters of result improvement compared to the previous year same quarter. All units have improved their profitability and we see good progress in the implementation of our transformation program including a continued increase in employee engagement and intrapreneurship. Our profitability is supported by a strong operational cash flow of EUR 37.3 million, which pushes our gearing to -15.9%.

Demand for our Industry Business Group services continued to be strong especially in Northern Europe and we saw also modest improvement in Latin America. Due to strong demand we have also been able to raise the number of experts in Industry Business Group by 5.8%. Demand for our Energy services was increasing especially in Middle East and in Asia while the European energy market continues to transform, providing selected business opportunities for consulting. I am also happy to see the return of EPC-projects to our offering in South-Eastern Asia. The Infra, Water and Environment Business Group has been well received by clients and the steady performance continues especially in Northern Europe. During the second quarter we have closed old legal cases and now we can spend even more effort on materializing the next generation Pöyry.

Our transformation and empowerment programs continue to have good momentum. Our employee engagement survey conducted in the second quarter of 2018 showed continued improvement in the motivation of our staff, and we see the benefits of an increase in high performance culture across the organisation."

9 August 2018
Martin à Porta

President and CEO on the H2 results 2017:

In the second half of 2017 we have continued to show improvement in our operational business. Operating margins increased in all business lines. We have seen an increase in sales compared to the same period in the previous year in the Industry Business Group, with stabilisation in the Energy Business Group.

President and CEO on the H1 results 2017:

"In the first half of 2017 we have shown continued improvement in our operational business compared to the first half of 2016. Our adjusted operating margin increased in every business line except in the Management Consulting Business Group. Streamlining measures have enabled loss reduction in unallocated expenses on an adjusted basis.

President and CEO on the Q4 results 2016:

“Our adjusted operating result increased compared to the same quarter in 2015, showing continued improvement in our operational business. Adjusted operating margin increased in the Energy and Management Consulting Business Groups, remained on a solid level in the Industry Business Group and declined in Regional Operations. Accordingly operating cash flow of the quarter excluding taxes improved compared to the corresponding period in the previous year. We also saw an increase in our order stock as an outcome from a more client focussed organisation.