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STOCK EXCHANGE RELEASE 11 Mar 2010

Pöyry's President and CEO comments on the market outlook at the AGM today and pro forma information on the new business groups excluding restructuring costs

PÖYRY PLC          Company Announcement 11 March 2010 at 3.00 p.m.

 

Review of the President and CEO at the AGM

 

Pöyry PLC's Annual General Meeting convenes today 11 March 2010 at

4.00 p.m. in Helsinki, Finland. In his review Heikki Malinen, President and CEO, will publish no essential new information. Mr. Malinen comments the near-term market outlook as follows:

 

"Clients, especially in forest industry, are increasingly active in planning new projects but as maintenance and modernisation investments are still on a low level, the Industry business group's capacity utilisation levels will continue low in the short term. Also in the Energy business group profitability improvement is expected to occur towards the end of the year."

 

Heikki Malinen's review will start approximately at 4.10 p.m. Finnish time. It will be webcast live and can be followed on the company's web site at www.poyry.com. The presentation material will also be available on the company's web site.

 

Pro forma figures by business group excluding restructuring items

 

In connection with its Financial Statements Release Pöyry released quarterly pro forma figures for 2008 and 2009 according to its new business group structure which came into effect on 1 January 2010. The figures for 2009 included the reported one-time items.

 

In addition to the reported operating profit, the operating profit excluding restructuring costs is presented below by business group.

 

Pöyry's financial reporting will be presented according to the new business group structure starting from the interim report 1 January - 31 March 2010.

 

 

 

Business groups, PRO FORMA 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EUR million

1-3

/08

4-6

/08

7-9

/08

10-12

/08

1-3

/09

4-6

/09

7-9

/09

10-12

/09

1-12

/08

1-12

/09

 

 

 

 

 

 

 

 

 

 

 

NET SALES

 

 

 

 

 

 

 

 

 

 

Energy

47.1

49.3

46.6

50.2

48.3

41.6

40.0

44.0

193.2

173.9

Industry

65.5

75.5

63.5

67.3

51.3

45.6

31.5

33.6

271.8

162.0

Urban &

Mobility

41.5

46.7

42.8

48.1

48.9

46.3

42.6

46.7

179.1

184.5

Water &

Environment

20.3

21.7

20.3

25.3

21.0

22.0

20.6

22.9

87.6

86.5

Management

Consulting

21.4

24.4

20.1

24.1

17.8

17.8

15.1

17.8

90.0

68.5

Unallocated

0.4

0.4

0.6

-1.4

0.5

0.7

0.4

-3.5

0.0

-1.9

TOTAL

196.2

218.0

193.9

213.6

187.8

174.0

150.2

161.5

821.7

673.5

 

 

 

 

 

 

 

 

 

 

 

REPORTED OPERATING PROFIT FOR THE PERIOD

 

 

 

 

 

Energy

4.3

6.2

4.6

10.0

3.2

1.3

0.6

0.8

25.1

5.9

Industry

11.5

16.1

12.0

9.8

-0.9

-0.4

-3.6

-5.2

49.4

-10.1

Urban &

Mobility

3.9

4.0

3.8

4.6

3.8

3.4

3.7

4.0

16.3

14.9

Water &

Environment

0.7

1.4

0.3

1.8

0.8

1.5

1.1

1.5

4.2

4.9

Management

Consulting

2.4

3.7

2.9

2.0

-0.6

-0.4

-0.1

0.7

11.0

-0.4

Unallocated

-0.8

-1.4

-1.7

-1.5

-1.1

-0.8

-0.6

-1.1

-5.4

-3.6

TOTAL

22.0

30.0

21.9

26.7

5.2

4.6

1.1

0.7

100.6

11.6

 

 

 

 

 

 

 

 

 

 

 

OPERATING PROFIT, % 

 

 

 

 

 

 

 

 

 

Energy

9.1

12.6

9.9

19.9

6.6

3.1

1.5

1.9

13.0

3.4

Industry

17.6

21.3

18.9

14.5

-1.8

-0.9

-11.4

-15.5

18.2

-6.2

Urban &

Mobility

9.4

8.6

8.9

9.7

7.8

7.3

8.7

8.6

9.1

8.1

Water &

Environment

3.4

6.5

1.5

7.3

3.8

6.8

5.3

6.7

4.8

5.7

Management

Consulting

11.2

15.2

14.4

8.5

-3.4

-2.2

-0.7

3.6

12.3

-0.7

TOTAL

11.2

13.8

11.3

12.5

2.8

2.6

0.7

0.4

12.2

1.7

 

 

 

 

 

 

 

 

 

 

 

OPERATING PROFIT FOR THE PERIOD, EXCLUDING RESTRUCTURING COSTS

 

Energy

4.3

6.2

4.6

10.0

3.2

2.1

1.3

1.2

25.1

7.8

Industry

11.5

16.1

12.0

9.8

1.5

2.5

-2.2

-5.3

49.4

-3.5

Urban &

Mobility

3.9

4.0

3.8

4.6

4.1

3.5

3.7

4.2

16.3

15.5

Water &

Environment

0.7

1.4

0.3

1.8

0.8

1.6

1.2

1.6

4.2

5.1

Management

Consulting

2.4

3.7

2.9

2.0

-0.2

0.3

-0.1

1.2

11.0

1.2

Unallocated

-0.8

-1.4

-1.7

-1.5

-1.1

-0.8

-0.6

-1.1

-5.4

-3.6

TOTAL

22.0

30.0

21.9

26.7

8.3

9.2

3.3

1.8

100.6

22.5

 

 

 

 

 

 

 

 

 

 

 

OPERATING PROFIT, % 

 

 

 

 

 

 

 

Energy

9.1

12.6

9.9

19.9

6.6

5.0

3.3

2.7

13.0

4.5

Industry

17.6

21.3

18.9

14.6

2.9

5.5

-7.0

-15.8

18.2

-2.2

Urban &

Mobility

9.4

8.6

8.9

9.6

8.4

7.6

8.7

9.0

9.1

8.4

Water &

Environment

3.4

6.5

1.5

7.1

3.8

7.3

5.8

7.0

4.8

6.0

Management

Consulting

11.2

15.2

14.4

8.3

-1.1

1.7

-0.7

6.7

12.2

1.8

TOTAL

11.2

13.8

11.3

12.5

4.4

5.3

2.2

1.1

12.2

3.3

 

 

 

 

 

 

 

 

 

 

 

PERSONNEL

 

 

 

 

 

 

 

 

 

 

Energy

 

 

 

 

 

 

 

 

1 628

1 402

Industry

 

 

 

 

 

 

 

 

2 810

1 790

Urban &

Mobility

 

 

 

 

 

 

 

 

1 851

1 858

Water &

Environment

 

 

 

 

 

 

 

 

976

908

Management

Consulting

 

 

 

 

 

 

 

 

542

451

Unallocated

 

 

 

 

 

 

 

 

117

121

TOTAL

 

 

 

 

 

 

 

 

7 924

6 530

 

PÖYRY PLC

 

Additional information by:

Esa Ikäheimonen, CFO, Pöyry PLC

Tel. +358 10 33 21586

Sanna Päiväniemi, Director, Investor Relations, Pöyry PLC

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).

 

DISTRIBUTION:

NASDAQ OMX Helsinki

Major media

www.poyry.com