STOCK EXCHANGE RELEASE 19 Jul 2013
Pöyry PLC: Pöyry reduces net sales outlook for 2013 - outlook for operating profit remains unchanged
PÖYRY PLC Company Announcement 19 July 2013 at 1:45 p.m.
Pöyry has a solid pipeline of order prospects. Unexpected delays in corresponding contract awards have, however, impacted the development of revenues, particularly in the Industry sector where exceptionally large projects had been recorded during the first half of 2012. Hence, contrary to earlier estimates, the Group's net sales are likely to fall short of 2012. Outlook for the Group's operating profit remains unchanged.
Current outlook for 2013:
The Group's net sales in 2013 are likely to fall short of 2012. Operating profit is expected to increase. Operating profit 2013 is compared to 2012 numbers which exclude restructuring costs.
Outlook as published in the Financial Statements released 6 February 2013:
The Group's net sales in 2013 are expected to increase compared with 2012 and operating profit in 2013 is expected to increase compared with the operating profit excluding restructuring costs in 2012.
Pöyry's January-June 2013 result will be published on 24 July 2013 at 8:30 a.m. Finnish time.
Jukka Pahta, CFO
tel. +358 10 33 26088
Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and locally in our core markets. We deliver strategic advisory and engineering services, underpinned by strong project implementation capability and expertise. Our focus sectors are power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation, water and real estate sectors. Pöyry has an extensive local office network employing about 6,500 experts. Pöyry's net sales in 2012 were EUR 775 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).
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