Pöyry - Quarterly report

Pöyry PLC: Interim Report 1 January - 31 March 2014

PÖYRY PLC          Interim Report 29 April 2014 at 8:30 a.m.

NET SALES AND OPERATING PROFIT DECLINED

KEY FIGURES
                                                      | 1-3/| 1-3/|Change,|1-12/
Pöyry Group                                           | 2014| 2013|      %| 2013
------------------------------------------------------+-----+-----+-------+-----
Order stock at end of period, EUR million             |540.4|585.9|   -7.8|500.0
------------------------------------------------------+-----+-----+-------+-----
Net sales total, EUR million                          |151.3|166.3|   -9.0|650.8
------------------------------------------------------+-----+-----+-------+-----
Operating profit,                                     |     |     |       |
EUR million                                           | -1.8|  3.1|   n.a.| 13.9
------------------------------------------------------+-----+-----+-------+-----
Operating margin, %                                   | -1.2|  1.9|       |  2.1
------------------------------------------------------+-----+-----+-------+-----
Profit before taxes,                                  |     |     |       |
EUR million                                           | -3.0|  2.2|   n.a.|  9.1
------------------------------------------------------+-----+-----+-------+-----
Earnings per share, basic, EUR                        |-0.06| 0.01|   n.a.| 0.06
------------------------------------------------------+-----+-----+-------+-----
Earnings per share, diluted, EUR                      |-0.06| 0.01|   n.a.| 0.06
------------------------------------------------------+-----+-----+-------+-----
Gearing, %                                            | 44.5| 80.1|       | 26.0
------------------------------------------------------+-----+-----+-------+-----
Return on investment,  % (R12M)                       | -2.0|  4.3|   n.a.|  5.8
------------------------------------------------------+-----+-----+-------+-----
Average number of personnel during period, calculated |     |     |       |
as full time equivalents (FTE)                        |5.746|6.345|   -9.4|6,128


All figures and sums have  been  rounded  off  from  the  exact  figures  which
may  lead  to  minor  discrepancies  upon  addition or subtraction.

JANUARY-MARCH 2014 HIGHLIGHTS
Figures in brackets, unless otherwise stated, refer to the same period of the
previous year.

- The Group's order stock totalled EUR 540.4 million (585.9) at the end of the
first quarter 2014. In March a large order was awarded in Latin America and
recorded under Regional Operations.
- Consolidated net sales amounted to EUR 151.3 million (166.3) and decreased by
9.0 per cent compared to the previous year.
- Operating profit amounted to EUR -1.8 million. Operating profit improved in
Management Consulting Business Group, but declined mainly in Regional Operations
and due to increase in unallocated costs.
- After the reporting period, on 22 April 2014, Pöyry announced that it is
divesting significant parts of its real estate design and consulting business,
and its construction management business for the real estate and infrastructure
sectors in Finland.
- Pöyry's new organisational structure was introduced in February 2013 and is
based on Strategic Advisory, Global Competence Lines and Regional Operations.
Pöyry's operations are organised along the following business lines: Energy
Business Group; Industry Business Group; Regional Operations and Management
Consulting Business Group. In line with this evolution Pöyry integrated its
local activities in Latin and North America as well as in Asia Pacific to
Regional Operations as of January 2014.
-Pöyry continues to implement its structural and administrative process
improvement program announced at the end of 2012. As these measures are
progressing, Pöyry is introducing further improvements in terms of sales focus,
project management and capacity management.

Comments by ALEXIS FRIES, PRESIDENT AND CEO:"Pöyry's net sales and operating profit declined during the first quarter. Net
sales amounted to EUR 151.3 million (166.3) and operating profit was EUR -1.8
million (3.1). The Group's order intake developed as expected and was affected
by the currently weak economic environment in Northern Europe in particular.
However, year-to-date order stock increased, as a large order was recorded under
the Regional Operations in Latin America. The order prospects pipeline is solid
albeit client decisions may take longer than expected.

Pöyry further strengthened its regional focus in January 2014 by integrating its
local activities in Latin and North America as well as in Asia Pacific to the
Regional Operations. This enables Pöyry to grow its services in key domestic
markets as well as to develop its global competences in energy, industry and
management consulting.

After the end of the reporting period Pöyry announced on 22 April 2014 that it
is divesting significant parts of its real estate design and consulting
business, and its construction management business for the real estate and
infrastructure sectors in Finland. This transaction is in line with our
continued efforts to strengthen and develop our consulting and engineering
expertise within our traditional areas of expertise.

Pöyry continues to implement its structural and administrative process
improvement program announced at the end of 2012. As these measures are
progressing, Pöyry is introducing further improvements in terms of sales focus,
project management and capacity management."

This is a summary of the January-March 2014 Interim report. The complete report
is published as an enclosure to this company announcement and is available in
full on the company's website at www.poyry.com. Investors are advised to review
the complete financial statement release with tables.

PÖYRY PLC

Additional information:
Jukka Pahta, CFO
tel. +358 10 33 22629

INVITATION TO CONFERENCES TODAY 29 APRIL 2014
Pöyry's January-March 2014 result will be presented at the following news
conferences:

- A conference for analysts, investors and press will be arranged at 12:00 p.m.
Finnish time at Restaurant Savoy, Eteläesplanadi 14, Helsinki, Finland. The
event will be hosted by Alexis Fries, President and CEO and Jukka Pahta, CFO.

- An international conference call and webcast in English will begin at 5:00
p.m. Finnish time (EEST). The event will be hosted by Jukka Pahta, CFO.

10:00 a.m. US EDT (New York)
3:00 p.m. BST (London)
4:00 p.m. CEST (Paris)

The webcast may be followed online on the company's website www.poyry.com. A
recording will be made available on the next working day on the same website.

To attend the conference call, please dial:

FI: +358 (0)9 8171 0461
SE: +46 (0)8 5199 9357
UK: +44 (0)20 3194 0554
US: +1 855 269 2608
Other countries: +44 (0)20 3194 0554

Due to the nature of the live webcast, we kindly ask those attending the
international conference call and webcast to dial in 5 minutes prior to the
start of the event.

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 2013 were EUR 650 million and the company's shares are
quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

DISTRIBUTION:
NASDAQ OMX Helsinki
Major media
www.poyry.com

[HUG#1780740]

Attachments:

Interim Report 1 January - 31 March 2014.pdf