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Financial outlook

Disclosure procedure for publishing financial forecasts

From 2017 onwards Pöyry will publish its full year market outlook and financial forecast in the half year financial report and financial statement release. Earlier, Pöyry published its full year market outlook and financial forecast in its interim reports and financial statement release. Pöyry does not publish financial forecasts for its business groups. Updates to the outlook and financial forecast will be made in accordance with the on-going disclosure obligation.

Outlook for 2017 (published on 4 August 2017)

Outlook for 2017 remains unchanged. The Group's adjusted operating result for full year 2017 is expected to improve clearly.

Revised outlook for 2017 (published on 15 June 2017)

Pöyry has improved its performance in the first half of 2017 and anticipates an increase in order stock on 30.6.2017 compared to 31.12.2016. The adjusted operating result for the first half of 2017 is expected to be in the range of 8-10 MEUR. Consequently, Pöyry is expanding its guidance for the adjusted operating result for full year 2017.

Outlook for 2017 (published on 8 February 2017)

The Group’s adjusted operating result is estimated to improve.

Outlook for 2016 (published on 28 October 2016)

Outlook for 2016 remains unchanged. The Group’s adjusted operating result is expected to be positive.

Outlook for 2016 (published on 29 July 2016)

Outlook for 2016 remains unchanged. The Group’s adjusted operating result is expected to be positive.

Outlook for 2016 (published on 4 May 2016)

Outlook for 2016 remains unchanged. The Group’s adjusted operating result is expected to be positive.

Outlook for 2016 (published on 10 February 2016)

In accordance to European Securities and Markets Authority’s guidelines on Alternative Performance Measures published in October 2015, Pöyry will disclose from 2016 onwards Adjusted operating result in addition to other key figures. The adjustment items are not related to the business operations of the reporting period and include restructuring and labour claim expenses, gains/ losses related to divestments and profits/ losses related to projects from former Urban Business Group or projects which have been finalized over two years ago.

The Group’s adjusted operating result is expected to be positive.

Outlook for 2015 (published on 4 February 2015)

A significant part of Pöyry’s businesses is driven by clients’ new capital investments, which are mostly late in their respective economic cycles. Consequently, it is difficult to predict the exact timing of clients’ investment decisions and project start-ups. Uncertainty around the general economic outlook prevails, which may impact upon investment activity in business segments that are relevant to Pöyry’s operations.

Revised outlook for 2014 (published on 18 December 2014)

Pöyry's operating profit is burdened during the last quarter of the year by further losses originating mainly from the projects of the former Urban Business Group, that were referred to in the January-September interim report 2014. In addition, the operating profit is burdened by a restructuring programme focusing on Central Europe. Both items will be recorded under the Regional Operations Business Line.

Revised outlook for 2014 (published on 31 July 2014)

Due to the write-off of the receivables in Venezuela, Pöyry has on 31 July 2014 lowered its guidance for the operating profit for 2014. According to the guidance announced on 5 February 2014, the Group operating profit in 2014 was expected to increase. According to the new guidance, the Group’s operating profit in 2014 is expected to decline compared to the operating profit for 2013.

Outlook for 2014 (Published on 5 February 2014)

Significant part of Pöyry's businesses is driven by clients' new capital investments, which are mostly late in the economic cycles. Consequently, it is difficult to predict the exact timing of clients' investment decisions and project start-ups. Uncertainty around the general economic outlook prevails, which may impact upon investment activity in business segments that are relevant to Pöyry's operations.