STOCK EXCHANGE RELEASE 14 Oct 2010
Pöyry's operating profit for 2010 estimated to decline clearly from 2009
PÖYRY PLC Company Announcement 14 October 2010 at 9.00 a.m.
Based on current information, the Pöyry Group's operating profit for 2010, excluding one-time items, is estimated to decline clearly from the comparable figure in 2009. The Group's net sales for the full year 2010 are expected to remain stable.
The main reasons behind the reduced outlook are:
- Delays in start-up of awarded major projects
- Delays in final project investment decisions
- Low activity level in certain markets
- Structural overcapacity especially in Finland
More details about the outlook will be issued in Pöyry's January-September interim report, which will be published on 28 October 2010.
Previous Group level guidance issued on 21 April 2010:
Group sales for the full year 2010 are expected to remain stable or grow from 2009. The Group's operating profit is expected to remain stable compared with 2009 after inclusion of incremental business development expenses necessary to accelerate growth in line with the Vision.
The outlook and comparison both refer to figures excluding one-time items.
Additional information by:
Heikki Malinen, President and CEO, Pöyry PLC, Finland
Contacts to Jaana Pihlajaniemi, tel. +358 10 33 22399
Johan Brink, CFO (acting), Pöyry PLC, Finland
Tel. +358 10 33 22183
Sanna Päiväniemi, Director, Investor Relations, Pöyry PLC, Finland
Tel. +358 10 33 23002
Pöyry is a global consulting and engineering company dedicated to balanced sustainability. We offer our clients integrated management consulting, total solutions for complex projects and efficient, best-in-class design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts operating in about 50 countries, locally and globally. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).
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