Pöyry - Interim report (Q1 and Q3)

Order stock increased - net sales and operating profit improving towards the end of the year 2011

PÖYRY PLC          Interim Report 27 April 2011 at 8:30 a.m.

KEY FIGURES
                                         | 1-3/| 1-3/|Change,|
Pöyry Group                              | 2011| 2010|      %| 2010
-----------------------------------------+-----+-----+-------+-----
Order stock at end of period, EUR million|716.7|529.7|  35.3%|526.2
-----------------------------------------+-----+-----+-------+-----
Net sales total, EUR million             |180.0|162.7|  10.6%|681.6
-----------------------------------------+-----+-----+-------+-----
Operating profit excluding               |     |     |       |
restructuring costs, EUR million         |  6.5|  0.9|   n.a.| 17.3
-----------------------------------------+-----+-----+-------+-----
Operating margin excluding               |     |     |       |
restructuring costs, %                   | 3.6%| 0.6%|       | 2.5%
-----------------------------------------+-----+-----+-------+-----
Operating profit, EUR million            |  6.4| -0.4|   n.a.|  5.8
-----------------------------------------+-----+-----+-------+-----
Operating margin, %                      | 3.5%|-0.2%|       | 0.9%
-----------------------------------------+-----+-----+-------+-----
Profit before taxes, EUR million         |  4.8| -0.6|   n.a.|  4.3
-----------------------------------------+-----+-----+-------+-----
Earnings per share, basic, EUR           | 0.04|-0.02|   n.a.| 0.00
-----------------------------------------+-----+-----+-------+-----
Earnings per share, diluted, EUR         | 0.04|-0.02|   n.a.| 0.00
-----------------------------------------+-----+-----+-------+-----
Gearing, %                               |-0.3%| 8.0%|       | 3.5%
-----------------------------------------+-----+-----+-------+-----
Return on investment,  % (R12M)          | 9.2%| 0.1%|       | 2.6%
-----------------------------------------+-----+-----+-------+-----
Average number of personnel during       |     |     |       |
period, calculated as full time          |     |     |       |
equivalents (FTE)                        |6,659|6,472|   2.9%|6,611


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

FIRST QUARTER HIGHLIGHTS
Figures  in  brackets,  unless  otherwise  stated,  refer to the same period the
previous year.

-  The Group's order stock totalled EUR  716.7 million (529.7) at the end of the
first quarter of 2011.
-  The order stock value is primarily  due to significant orders in the Industry
business  group which include a  major EPC contract from  MWV Rigesa, Brazil for
the Balance of Plant (BOP) of their paperboard mill expansion project.
- Consolidated net sales in the first quarter of 2011 increased by 10.6 per cent
compared  with  the  year  before  to  EUR  180.0 million (162.7) reflecting the
improving  market environment especially  in the businesses  that operate in the
private sector.
-  Operating  profit  excluding  restructuring  costs  was EUR 6.5 million (0.9)
corresponding to 3.6 per cent (0.6) of sales.
-  The  increase  in  operating  profit  reflects  the  improving  activity  and
successful  restructuring  measures  especially  in  the  Energy,  Industry  and
Management Consulting business groups.
- Net cash before financing activities was EUR 14.1 million (-30.2).
-  After the  reporting period  Pöyry PLC  and Vattenfall  AB signed  a sale and
purchase   agreement  whereby  Pöyry  PLC  acquires  parts  of  the  engineering
consulting  business  of  Vattenfall  Power  Consultant  AB.  Completion  of the
transaction is expected to take place at the latest by the end of June 2011.
-  After  the  reporting  period  Pöyry  announced it has exercised the purchase
option  to acquire the Group's  Head Office building in  Vantaa, Finland for EUR
45.1 million with expected effective date of 31 December 2011.

OUTLOOK FOR 2011
Pöyry's businesses are predominantly driven by clients' new capital investments
and most of the businesses are also inherently late in the cycle. It is
difficult to predict the timing of clients' new investment decisions and project
start-ups.

The  Group's order intake in the first quarter of 2011 was high and based on the
current  strong order stock and outlook for new orders, the Group's net sales in
2011 are   expected  to  improve  clearly  compared  with  2010. The  comparable
operating  profit  for  2011 is  expected  to  improve  significantly  from  the
operating   profit,   excluding   restructuring   costs,  in  2010, taking  into
consideration the small numbers in the reference period.

Outlook concerning business groups:
The  preconditions for  net sales  growth in  2011 are good  except for  Urban &
Mobility  where net  sales are  expected to  remain stable  compared with 2010.
Comparable  operating profit in 2011 is expected to improve significantly in the
Energy, Industry, Water & Environment and Management Consulting business groups.
Due to a slower than expected start to the year, operating profit in the Urban &
Mobility  business  group  is  expected  to  decline compared with the operating
profit before restructuring costs in 2010.

COMMENTS FROM HEIKKI MALINEN, PRESIDENT AND CEO:"The  year has  started with  clear signs  of recovery  especially in the pulp &
paper  sector in  Latin America  where a  number of  projects have  moved to the
implementation  phase. As a result  of the major pulp  & paper orders won, which
include the engineering and project management contracts for MWV Rigesa, Brazil,
Montes del Plata, Uruguay, as well as Eldorado in Brazil, our order stock is now
over EUR 700 million. This gives us a good start for the year.

In 2010 we revisited our strategy. As part of the strategy implementation we
decided on substantial restructuring measures in Finland in late 2010. These
profitability improvement actions have started to be visible in our operating
profit. The group wide operational excellence programme proceeds according to
plan with the aim of improving our efficiency and profitability. But the
programme is not only about restructuring. We continue with our group wide
development initiatives to enable accelerated profitable growth. We have put a
lot of emphasis on sales which has already resulted in good reference projects.
We are also continuing to manage our business portfolio actively. As an example
of this we signed in April 2011 an agreement to acquire parts of the engineering
consulting business of Vattenfall Power Consultant AB. For Pöyry, the
acquisition is an important step in growing our energy business in Sweden.
Completion of the transaction is expected to take place at the latest by the end
of June 2011.

Based  on the current  order stock and  outlook for new  orders, the group's net
sales in 2011 are expected to improve clearly compared with 2010. The comparable
operating  profit  for  2011 is  expected  to  improve  significantly  from  the
operating   profit,   excluding   restructuring   costs,  in  2010, taking  into
consideration the small numbers in the reference period."

NEW DISCLOSURE PROCEDURE
Pöyry  has  adopted  the  new  disclosure  procedure  enabled  by Standard 5.2b
published  by the Finnish Financial  Supervision Authority. Hence, Pöyry's first
quarter  2011 interim  report  is  published  enclosed  to  this  stock exchange
release.  The report, which is  attached to this release  in pdf-format, is also
available  in full on the company's web site at www.poyry.com. Pöyry will follow
this procedure in disclosing interim reports and financial statement releases in
future.

PÖYRY PLC
Additional information from:
Heikki Malinen, President and CEO
tel. +358 10 33 21307
Jukka Pahta, CFO
tel. +358 10 33 26088
Sanna Päiväniemi, Director, Investor Relations
tel. +358 10 33 23002

INVITATION TO CONFERENCES TODAY 27 APRIL 2011
The  first quarter 2011 result will  be presented by CEO  Heikki Malinen and CFO
Jukka Pahta at the news conferences today as follows:
-  A conference for analysts, investors and press in Finnish will be arranged at
12 p.m. Finnish time at Restaurant Savoy, Eteläesplanadi 14, Helsinki, Finland.

-  An international conference call  and webcast in English  will begin at 5:00
p.m. Finnish time (EET).

10:00 a.m. US EDT (New York)
3:00 p.m. GMT (London)
4:00 p.m. CET (Paris)
5:00 p.m. EET (Helsinki)

The  webcast may  be followed  online on  the company's website www.poyry.com. A
replay can be viewed on the same site the following day.

To attend the conference call please dial
US: +1 334 323 6201
Other countries: +44 20 7162 0025
Conference id: 893893

Due  to  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  a  global  consulting  and  engineering company dedicated to balanced
sustainability and responsible business. With quality and integrity at our core,
we  deliver best-in-class management consulting, total solutions, and design and
supervision.  Our in-depth expertise extends to  the fields of energy, industry,
urban  & mobility and water & environment. Pöyry has 7,000 experts and the local
office  network in about  50 countries. Pöyry's net  sales in 2010 were EUR 682
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#1509227]

Attachments:

ENG Q1 2011 Interim report.pdf