2007-10-30 07:33:55 CET

2007-10-30 07:33:55 CET


REGULATED INFORMATION

English
Pöyry - Quarterly report

INTERIM REPORT JANUARY 1 - SEPTEMBER 30, 2007



The Pöyry Group's net sales for the period under review were EUR
512.7 million (450.9 million in the same period in 2006). Profit
before taxes was EUR 53.2 (34.1) million.

The Group's consolidated balance sheet is healthy. The equity ratio
was 46.2 (47.3) per cent and the net debt/equity ratio (gearing)
-35.0 (-22.3) per cent.

Earnings per share were EUR 0.61 (0.38) and the return on investment
38.3 (28.1) per cent.

The order stock increased by EUR 76.1 million to EUR 583.7 million
during the review period. The number of personnel increased,
amounting to 7246 at the end of the review period (6389 at the end of
2006).

Consolidated net sales will increase during 2007. Profit before taxes
will improve significantly in 2007 and be EUR 72-77 million. This
estimate can be negatively affected by the ongoing labour market
negotiations in Finland.

The interim report has been prepared in accordance with the IAS 34
following the same accounting principles as in the annual financial
statements for 2006. In the Financial Statements for 2007 the Group
will also adopt the new standards "IFRS 7 Financial Instruments:
Disclosures" and "IAS 1 Presentation of Financial Statements -
Capital Disclosures".

The data in this interim report are unaudited.

Business groups

Energy

Net sales for the period under review were EUR 154.8 (137.5) million.
Operating profit was EUR 15.6 (10.2) million.

Demand for energy-related services has remained good especially in
Europe, and the business group has further strengthened its global
market position. The corporate acquisitions in the consulting
business and in the oil and gas sector in 2006 have had a favourable
impact on earnings during the period under review.

The order stock is good, amounting to EUR 223.7 million at the end of
the review period (204.9 at the end of 2006). The most important new
projects were the bioethanol plant for San Carlos Bioenergy Inc. in
the Philippines (EUR 10 million), the Puttalam coal-fired power plant
project in Sri Lanka (EUR 7 million), the combined heat and power
plant project with Propower GmbH in Germany (EUR 6.2 million), the
OGK-3 coal-fired power plant in Russia (EUR 2 million), Fortum Power
and Heat Oy's combined heat and power plant project in Finland (EUR 5
million), the Rudbar-e-Lorestan hydropower project in Iran (EUR 7
million), the diesel oil storage EPC contract with Esergui s.a. in
Spain (EUR 9.5 million) and the Vung Ang coal-fired power plant in
Vietnam (EUR 11 million).

Forest Industry

Net sales for the period under review were EUR 197.2 (164.6) million.
Operating profit amounted to EUR 26.3 (15.4) million.

Most of the forest industry's new investments have been directed to
Latin America. Several biofuel projects, especially in North America,
have improved the business group's capacity utilisation and earnings.
New openings, among others in the chemical industry, have also
improved the earnings for the period under review. Demand for local
engineering services and operations improvement services has remained
stable, as has demand for consulting services. The business group's
order stock has increased, amounting to EUR 143.3 million (111.4
million at the end of 2006), and is on a good level. The most
important new projects received during the review period were the
implementation of the bleached hardwood kraft pulp mill of VCP - MS
Celulose Sul Mato-Grossense Ltda (the new name of Chamflora - Três
Lagoas Agroflorestal Ltda) in Mato Grosso do Sul, Brazil (EUR 54
million), Stora Enso's paper machine rebuild at Wisconsin Rapids in
the United States, the rebuild of two paper machines for Billerud AB
in Sweden, Holmen Paper AB's TMP plant upgrade at the Braviken mill
in Sweden (EUR 2 million), the containerboard production line project
with Mondi Packaging Paper GmbH (EUR 12 million) and Portucel's new
paper mill project in Portugal (EUR 10 million).

Infrastructure & Environment

Net sales for the period under review were EUR 159.8 (147.7) million.
Operating profit was EUR 11.6 (9.5) million.

Demand in the infrastructure and environment markets has remained
stable. The business group has continued to strengthen its position
in local and international markets.

The order stock amounted to EUR 216.7 million (191.0 at the end of
2006), which is a good level. The most important new projects were
the contract with the German Railways (DB ProjektBau GmbH) for
improvement of the railway network of Berlin (EUR 3 million), waste
water management projects in Brno, Czech Republic and Paris, France
(totally EUR 2.5 million), the traffic control system project with
ASFINAG (Autobahnen- und Schnellstrassen- Finanzierungs-
Aktiengesellschaft) Verkehrstelematik GmbH in Linz, Austria (EUR 1.3
million), railway line projects in Algeria and Finland (totally EUR
3.5 million), the contract with the Latvian real estate company SIA
Vertikala Pasaule for construction management and site inspection
services in Latvia (EUR 3 million), the contract with the Finnish
Rail Administration to improve the service standard on the Lahti -
Luumäki railway track (EUR 3 million), the urban mass transit project
in Munich, Germany and road engineering assignment in Romania (EUR 7
million).

Group structure

Energy

Pöyry has divested its French subsidiary Pöyry Energy (Lyon) SAS and
sold its 100 per cent ownership in the company. The reason for the
sale was that the company's profile and product portfolio were not in
line with the current strategy of the Energy business group. The
income from the sale was EUR 0.7 million.

In August Pöyry expanded its management consulting services portfolio
and market presence for the energy industry by acquiring ECON Analyse
AS, Norway. The company's main operational bases are in Oslo and
Stavanger, Norway, Stockholm, Sweden and Copenhagen, Denmark, and it
is well-established in all of its markets. The company's net sales in
2006 amounted to EUR 13 million and it employs 85 experts. Following
the transaction, Pöyry further strengthened its position as the
leading energy management consultant in Europe, employing 250
experts. ECON Analyse AS has been consolidated into Pöyry as of
September 1, 2007.

Forest Industry

Pöyry expanded its business in Russia by acquiring in June 70 per
cent of the shares of ZAO Giprobum Engineering, based in St.
Petersburg, Russia. The company's net sales are about EUR 5 million
and it has a staff of 260. The transaction includes an option to
acquire the remaining 30 per cent of the shares during the first half
of 2009. The services of Giprobum Engineering include investment
studies, services related to permitting and agreements with
authorities, various sectors of plant engineering, and construction
management services. Giprobum Engineering has a wide clientele both
in pulp and paper and mechanical wood industries in Russia, Ukraine,
Belarus and several Eastern European countries. Giprobum Engineering
is consolidated into the Pöyry Group as of the end of June.

In September Pöyry acquired 100 per cent of the share capital and
votes of Insinööritoimisto Pöysälä & Sandberg Oy, a Finnish company
specialised in structural engineering. Together Pöyry Civil Oy and
Pöysälä & Sandberg will create the largest structural engineering
company in the industrial investment building sector in Finland.
Pöysälä & Sandberg is specialised in industrial building construction
and structural engineering of office and commercial buildings. Its
net sales amounted to EUR 7.5 million in 2006. The company employs
about 100 experts in offices in Helsinki, Kuopio and Oulu in Finland.
The company has been consolidated into the Pöyry Group as of
September 1, 2007.

Infrastructure & Environment

Pöyry strengthened its quantity and cost calculation know-how by
acquiring in May 100 per cent of the shares of Insinööritoimisto
Rakennuslaskenta NHL Oy, Finland. Rakennuslaskenta NHL had net sales
of more than EUR 2 million in 2006. The company is consolidated into
the Pöyry Group as of the end of May.

In June Pöyry acquired 70 per cent of the shares of Evata Worldwide
Oy, a Finnish architectural design and real estate consulting firm.
Evata employs about 100 experts in its headquarters in Helsinki, and
in offices in Tallinn, Estonia, and Beijing, China. It also has a
representative office in St. Petersburg, Russia. Evata offers
architectural and interior design, workplace design, office property
consulting and services related to real estate development. The
company's annual net sales are about EUR 10 million. The deal
includes an option to acquire the remaining 30 per cent of the
company's shares in 2010, at the earliest. After completion of the
acquisition, Pöyry's real estate expertise will cover all major
sectors of the business: project management, design, real estate
consulting and architecture. Evata is consolidated into Pöyry Group
as of the end of June.

In October Pöyry expanded its waste management services portfolio and
market presence in the environmental business by acquiring
Ingenieurgemeinschaft Witzenhausen Fricke & Turk GmbH, Germany. The
acquisition strengthens Pöyry's position in Germany as a leading
consultant in environmental consulting and engineering, employing
more than 300 experts. The company's net sales in 2006 amounted to
EUR 2 million and it employs 20 experts. The company will be
consolidated into Pöyry as of October 1, 2007.

Order stock

The Group's order stock is good. It increased by EUR 76.1 million
during the period under review, totalling EUR 583.7 million at the
end of September. At the end of 2006 the order stock was EUR 507.6
million.

Personnel

The number of personnel in the Group has increased, amounting to 7246
(6389 at the end of 2006).

Balance sheet structure and financial position

The Group's consolidated balance sheet is healthy. The equity ratio
at the end of the review period was 46.2 per cent (49.2 at the end of
2006). The Group's liquidity is good. The net debt/equity ratio
(gearing) was -35.0 per cent (-37.6 at the end of 2006).

Capital expenditure

The Group's capital expenditure for the period under review totalled
EUR 42.3 (20.3) million, of which EUR 6.0 (6.8) million was invested
mainly in IT hardware, software and systems and EUR 36.3 (13.5)
million in corporate acquisitions.

Risks and uncertainties

No such new major risks or uncertainties were identified in the
period under review which, if materialised, would be assessed to have
a significant impact on the Group. A detailed report on the Group's
risks and risk management is given in the Financial Statements of
2006.

Share capital and shares

The share capital at the end of 2006 was EUR 14 545 036 and the total
number of shares was 58 180 144. During the period under review a new
share issue was executed and new shares were subscribed with stock
options 2004A. After the share issue and subscriptions the share
capital is EUR 14 576 619 and the number of shares 58 605 178.

The company's shares are quoted on the OMX Nordic Exchange in
Helsinki. The average trading price during the period under review
was EUR 15.11, with a high of EUR 18.13 and a low of EUR 11.37. A
total of 11.3 million of the company's shares were traded, equalling
19.3 per cent of the total number of shares and corresponding to a
turnover of EUR 172.2 million.

The Annual General Meeting decided that a dividend of EUR 0.50 be
distributed per outstanding share for 2006 (EUR 0.325 for 2005),
totalling EUR 29.1 million. The dividend was paid on March 15, 2007.

Stock options

Pöyry Plc issued in 2004 stock options to the management of the Group
as well as to a wholly-owned subsidiary of Pöyry Plc. The number of
stock options is 550 000, entitling to subscription of four shares
each, i.e. a total of 2 200 000 shares in Pöyry Plc.

The share subscription periods are for stock options 2004A (660 000
shares) between March 1, 2007 and March 31, 2010, for 2004B (660 000
shares) between March 1, 2008 and March 31, 2011, and for 2004C
(880 000 shares) between March 1, 2009 and March 31, 2012. All stock
options have been issued and their receipt confirmed.

During the period under review 126 332 new shares were subscribed
with stock options 2004A.

Authorisation to issue shares

The Annual General Meeting on March 5, 2007 authorised the Board of
Directors to decide to issue new shares and to convey the company's
own shares held by the company in one or more tranches. The share
issue can be carried out as a share issue against payment or without
consideration on terms to be determined by the Board of Directors and
in relation to a share issue against payment at a price to be
determined by the Board of Directors.

A maximum of 11 600 000 new shares can be issued. A maximum of
5 800 000 own shares held by the company can be conveyed.

During the period under review Pöyry Plc issued new shares as
compensation in the acquisition of Insinööritoimisto Pöysälä &
Sandberg Oy. The acquisition was realised as an exchange of shares
where the sellers were granted 298 702 new shares in Pöyry Plc. After
this issue the number of new shares which can be issued is not more
than 11 301 298 new shares.

The authorisation is in force until the next Annual General Meeting.

The decision made by the Annual General Meeting was published in its
entirety as a stock exchange notice on March 5, 2007.

Authorisation to acquire the company's own shares

The Annual Meeting authorised the Board of Directors to decide to
acquire the company's own shares with distributable funds on the
terms given below. The acquisition of shares reduces the company's
distributable non-restricted shareholders' equity.

A maximum of 5 800 000 shares can be acquired. The company's own
shares can be acquired in accordance with the decision of the Board
of Directors either through public trading or by public offer at
their market price at the time of purchase.

The authorisation is in force until the next Annual General Meeting.
The Board has not exercised the authorisation during the period under
review.

The decision made by the Annual General Meeting was published in its
entirety as a stock exchange notice on March 5, 2007.

Pöyry Plc does not hold its own shares. A subsidiary of Pöyry Plc
owns 8914 Pöyry Plc shares with a nominal value of EUR 2 228.50,
which equals 0.02 per cent of the total number of shares and voting
rights.

Prospects

Energy

The good performance of Southeast Asian, Latin American and European
economies, combined with the expansion of the EU, creates good
opportunities for growth of demand for energy-related services. The
increasing EU legislation related to energy is driving demand for
industry-specific management consulting services in the energy
sector. Environmental legislation, especially legislation aimed at
preventing climate change, continues to boost demand for renewable
energy and plant refurbishment services. The high price of crude oil
is creating new opportunities within the oil and gas sectors. In the
thermal power sector, clients focus on diversifying their energy mix.
The Energy business group's market position has improved further and
its order stock is good. The business group's operating profit will
improve significantly in 2007.

Forest Industry

Investment activity in the forest industry will remain relatively
strong in emerging markets. Rising production costs continue to call
for operational and productivity improvements in mature markets.
Industry restructurings will increase demand for consulting and
corporate restructuring services. Demand for biofuel and chemical
industry engineering services will remain strong. The business
group's order stock is good. The operating profit will improve
significantly during 2007.

Infrastructure & Environment

The infrastructure and environment markets have improved especially
in Central and Eastern Europe, where the recovery of national
economies and EU financing have boosted investments in the public
sector. Maintaining a local presence is becoming more important in
emerging markets. Corporate acquisitions made during 2007 expand the
supply of services within the business group's real estate business.
The business group's order stock has remained good. The operating
profit will improve clearly in 2007.

Group

The Group has a strong market position in all of its business areas.
The order stock is good and has increased by EUR 76.1 million during
the period under

review. Consolidated net sales will increase in 2007. Profit before
taxes will improve significantly in 2007 and be EUR 72-77 million.
This estimate can be negatively affected by the ongoing labour market
negotiations in Finland.


Vantaa, Finland, October 29, 2007

PÖYRY PLC
Board of Directors

PÖYRY PLC



Erkki Pehu-Lehtonen
President and CEO

Teuvo Salminen
Deputy to President and CEO

Additional information by:
Erkki Pehu-Lehtonen, President and CEO, Pöyry Plc
tel. +358 10 33 22999, +358 400 468 084
Teuvo Salminen, Deputy to President and CEO, Pöyry Plc
tel. +358 10 33 22872, +358 400 420 285
Satu Perälampi, VP, Corporate Communications and Investor Relations,
Pöyry Plc
tel. +358 10 33 23002, +358 40 526 3388


www.poyry.com

DISTRIBUTION:
OMX Nordic Exchange Helsinki
Major media


PÖYRY GROUP

Consolidated statement
of income               7-9/2007 7-9/2006 1-9/2007 1-9/2006 1-12/2006
EUR million

NET SALES                  172.7    153.0    512.7    450.9     623.3

Other operating income       1.0      0.0      1.9      0.2       0.3
Share of associated
companies' results           0.2      0.1      0.4      0.9       1.2

Materials and supplies      -3.2     -6.1     -8.9    -16.2     -24.0
External charges,
subconsulting              -23.4    -16.9    -63.8    -50.1     -73.2
Personnel expenses         -88.0    -78.6   -272.0   -240.7    -327.7
Depreciation                -2.1     -2.0     -6.2     -5.8      -7.8
Other operating
expenses                   -37.9    -36.3   -112.5   -105.5    -142.2

OPERATING PROFIT            19.3     13.2     51.6     33.7      49.9
Proportion of net
sales, %                    11.2      8.6     10.1      7.5       8.0

Financial income             1.2      0.7      2.9      1.8       2.3
Financial expenses          -0.5     -0.6     -1.2     -1.0      -1.2
Exchange rate
differences                 -0.1     -0.1     -0.1     -0.4      -0.8

PROFIT BEFORE TAXES         19.9     13.2     53.2     34.1      50.2
Proportion of net
sales, %                    11.5      8.6     10.4      7.6       8.1

Income taxes                -6.3     -4.2    -17.0    -10.9     -15.4

NET PROFIT FOR THE
PERIOD                      13.6      9.0     36.2     23.2      34.8

Attributable to:
Equity holders of the
parent company              13.5      8.6     35.4     22.4      33.6
Minority interest            0.1      0.4      0.8      0.8       1.2

Earnings per share, EUR     0.23     0.14     0.61     0.38      0.58
Corrected with dilution
effect                      0.22     0.15     0.59     0.39      0.57




Consolidated balance sheet               Sept. 30, Sept. 30, Dec. 31,
EUR million                                   2007      2006     2006

ASSETS

NON-CURRENT ASSETS
Goodwill                                      90.5      50.7     61.4
Intangible assets                              7.1       7.2      7.9
Tangible assets                               17.6      16.0     17.0
Shares in associated companies                 4.1       4.9      5.0
Other shares                                   6.1       6.8      6.7
Loans receivable                               1.1       1.6      0.6
Deferred tax receivables                       5.3       6.1      5.8
Pension receivables                            2.1       4.4      3.1
Other                                          8.8       8.0      9.0
                                             142.7     105.7    116.5
CURRENT ASSETS
Work in progress                              74.7      68.0     52.7
Accounts receivable                          127.6     124.9    134.2
Loans receivable                               0.2       0.1      0.6
Other receivables                             17.6      13.7     12.1
Prepaid expenses and accrued income           13.5      12.2      9.8
Cash and cash equivalents                     89.8      59.1     74.9
                                             323.4     278.0    284.3
TOTAL                                        466.1     383.7    400.8

EQUITY AND LIABILITIES

EQUITY
Equity attributable to the equity holders
of the parent company
Share capital                                 14.6      14.5     14.5
Share premium reserve                         32.1      31.5     31.5
Legal reserve                                 19.3      18.6     19.1
Invested free equity reserve                   4.6       0.0      0.0
Translation difference                       -12.2     -10.4    -10.9
Retained earnings                             74.1      69.2     69.0
Net profit for the period                     35.4      22.4     33.6
                                             167.9     145.8    156.8
Minority interest                              6.1       5.7      6.1
                                             174.0     151.5    162.9
LIABILITIES
Non-current liabilities
Interest bearing non-current liabilities       2.6       5.1      4.2
Pension obligations                            6.9       6.9      6.9
Deferred tax liability                         4.1       2.7      3.3
Other non-current liabilities                 10.0       5.8      3.4
                                              23.6      20.5     17.8
Current liabilities
Amortisations of interest bearing
non-current liabilities                        2.9       2.6      2.7
Interest bearing current liabilities          23.4      17.6      6.6
Provisions                                     2.5       4.9      3.7
Project advances                              89.7      63.5     70.0
Accounts payable                              23.2      19.8     25.1
Other current liabilities                     39.6      28.5     37.2
Current tax payable                           10.8       9.2      8.2
Accrued expenses and deferred income          76.4      65.6     66.6
                                             268.5     211.7    220.1
TOTAL                                        466.1     383.7    400.8



Statement of changes in
financial position      7-9/2007 7-9/2006 1-9/2007 1-9/2006 1-12/2006
EUR million

FROM OPERATING
ACTIVITIES
    Net profit for the
    period                  13.6      9.0     36.2     23.2      34.8
    Depreciation and
    value decrease           2.1      2.0      6.2      5.8       7.8
    Gain on sale of
    fixed assets             0.0     -0.1     -0.7     -0.1      -0.1
    Share of associated
    companies' results      -0.2     -0.1     -0.4     -0.9      -1.2
    Financial items         -0.6      0.0     -1.6     -0.4      -0.3
    Income taxes             6.3      4.2     17.0     10.9      15.4
    Change in work in
    progress                -2.9     -0.2    -20.8    -11.4       3.9
    Change in accounts
    and other
    receivables              4.3     -9.8      5.4    -18.0     -25.5
    Change in advances
    received                 3.2      1.5     19.1     12.5      18.9
    Change in payables
    and other
    liabilities             -0.4      2.4      6.0      5.3      15.5
    Received financial
    income                   1.2      0.9      2.9      1.9       1.9
    Paid financial
    expenses                -0.5     -0.2     -1.2     -0.7      -0.4
    Paid income taxes       -3.6     -3.1    -14.4     -9.1     -13.1

Total from operating
activities                  22.5      6.5     53.7     19.0      57.6

CAPITAL EXPENDITURE
    Investments in
    shares in
    subsidiaries, net       -6.8     -0.2    -20.4    -13.1     -22.4
    Investments in
    other shares             0.0      0.0      0.0      0.0       0.0
    Investments in
    fixed assets            -2.1     -3.6     -5.9     -6.8      -9.8
    Sales of shares          0.0      0.0      0.6      0.5       0.5
    Sales of fixed
    assets                   0.4      0.0      0.7      0.1       0.5

Capital expenditure
total, net                  -8,5     -3.8    -25.0    -19.3     -31.2

Net cash before
financing                   14.0      2.7     28.7     -0.3      26.4

FINANCING
    Repayments of loans     -0.4     -0.4     -1.8     -1.7      -2.5
    Change in current
    financing                6.7      6.4     16.8     16.3       5.4
    Change in
    non-current
    investments              0.0     -0.3      0.0     -0.3       0.5
    Dividends                0.0      0.0    -29.5    -19.4     -19.4
    Share subscription       0.6      0.0      0.7      0.0       0.0

Net cash from financing      6.9      5.7    -13.8     -5.1     -16.0

Change in cash and cash
equivalents                 20.9      8.4     14.9     -5.4      10.4

Cash and cash
equivalents at the
beginning of period         68.9     50.7     74.9     64.5      64.5

Cash and cash
equivalents at the end
of period                   89.8     59.1     89.8     59.1      74.9



Changes in equity       7-9/2007 7-9/2006 1-9/2007 1-9/2006 1-12/2006
EUR million

Share capital beginning
of period                   14.5     14.5     14.5     14.5      14.5
   Shares subscribed
   with stock options        0.1      0.0      0.1      0.0       0,0
Share capital end of
period                      14.6     14.5     14.6     14.5      14.5

Share premium reserve
beginning of period         31.6     31.5     31.5     31.5      31.5
   Shares subscribed
   with stock options        0.5      0.0      0.6      0.0       0.0
Share premium reserve
end of period               32.1     31.5     32.1     31.5      31.5

Legal reserve beginning
of period                   19.1     18.6     19.1     18.6      18.6
   Transfer, retained
   earnings                  0.2      0.0      0.2      0.0       0.5
Legal reserve end of
period                      19.3     18.6     19.3     18.6      19.1

Invested free equity
reserve beginning of
period                       0.0      0.0      0.0      0.0       0.0
   Share issue               4.6      0.0      4.6      0.0       0.0
Invested free equity
reserve end of period        4.6      0.0      4.6      0.0       0.0

Translation differences
beginning of period        -10.7    -10.8    -10.9     -8.6      -8.6
   Change during the
   period                   -1.5      0.4     -1.3     -1.8      -2.4
Translation differences
end of period              -12.2    -10.4    -12.2    -10.4     -10.9

Retained earnings
beginning of period         95.8     83.1    102.6     88.1      88.1
   Payment of dividend       0.0      0.0    -29.1    -18.9     -18.9
   Minority change           0.0      0.0      0.0      0.0      -0.2
   Transfer, retained
   earnings                 -0.2      0.0     -0.2      0.0      -0.5
   Other changes             0.4      0.0      0.8      0.0       0.8
   Translation
   difference included
   in the result             0.0     -0.1      0.0      0.0      -0.2
   Net profit for the
   period                   13.5      8.6     35.4     22.4      33.6
Retained earnings end
of period                  109.5     91.6    109.5     91.6     102.6

Minority interest
beginning of period          6.5      5.0      6.1      4.7       4.7
   Change during the
   period                   -0.5      0.3     -0.8      0.2       0.2
   Net profit for the
   period                    0.1      0.4      0.8      0.8       1.2
Minority interest end
of period                    6.1      5.7      6.1      5.7       6.1

Total equity beginning
of period                  156.8    141.9    162.9    148.9     148.9
   Payment of dividend       0.0      0.0    -29.1    -18.9     -18.9
   Shares subscribed
   with stock options        0.6      0.0      0.7      0.0       0.0
   Share issue               4.6      0.0      4.6      0.0       0.0
   Other changes            -0.1      0.3      0.0      0.1       0.8
   Translation
   differences              -1.5      0.4     -1.3     -1.8      -2.4
   Translation
   difference included
   in the result             0.0     -0.1      0.0      0.0      -0,2
   Net profit for the
   period                   13.6      9.0     36.2     23.2      34.8
Total equity end of
period                     174.0    151.5    174.0    151.5     162.9



Contingent liabilities                Sept. 30,   Sept. 30,  Dec. 31,
EUR million                                2007        2006      2006

For own debt                                0.3         0.0       0.0

Other obligations
    Pledged assets                          0.6         0.3       0.5
    Other obligations                      45.5        43.8      46.4

For others
    Pledged assets                          0.0         0.1       0.1
    Other obligations                       0.2         0.0       0.0

Rent and lease obligations                111.6       106.7     107.0

Derivative instruments

    Foreign exchange forward
    contracts, notional values             18.7        26.2      34.9
    Foreign exchange forward
    contracts,                              0.7         0.3       0.5
    fair values                            -0.1        -0.2      -0.1

    Interest rate swaps, fair
    values                                  0.0         0.0       0.1

Pöyry Plc has made interest rate
swaps for EUR 4.3 million external
loans.

Related party transactions

The transactions with the associated companies
are determined on an arm's length basis.

    Sales to associated companies           0.1         0.1       0.7
    Loans receivable from
    associated companies                    0.6         1.1       0.6
    Accounts receivable from
    associated companies                    0.0         0.3       0.1

Shareholding and option rights of related
parties

    The members of the Board of Directors, the President and CEO, the
    deputy to the President and CEO and the members of the Group
    Executive Committee owned on September 30, 2007 a total of 207
    107 shares and 249 975 stock options (on December 31, 2006 a
    total of 209 120 shares, and 295 000 stock options 2004). With
    the stock options the shareholding can be increased by 999 900
    shares equalling 1.7 per cent of the total number of shares and
    votes. The stock option programme is described in Financial
    Statements 2006.



Key figures             7-9/2007 7-9/2006 1-9/2007 1-9/2006 1-12/2006

Earnings / share, EUR       0.23     0.14     0.61     0.38      0.58
      Corrected with
      dilution effect       0.22     0.15     0.59     0.39      0.57

Equity attributable to
equity holders
of the parent
company/share, EUR                            2.86     2.51      2.70

Return on investment, %
p.a.                                          38.3     28.1      31.1

Return on investment, %
p.a. for the business
groups
      Energy                                  24.9     19.8      23.3
      Forest Industry                         46.5     29.2      34.9
      Infrastructure &
      Environment                             25.3     23.3      25.9

Return on equity, %
p.a.                                          28.6     20.6      22.3

Equity ratio, %                               46.2     47.3      49.2

Equity / Assets ratio,
%                                             37.3     39.5      40.7

Net debt / Equity ratio
(gearing), %                                 -35.0    -22.3     -37.6

Net debt, EUR million                        -60.9    -33.8     -61.3

Consulting and
engineering, EUR
million                                      566.2    502.1     500.8
EPC, EUR million                              17.5     15.2       6.8
Order stock total, EUR
million                                      583.7    517.3     507.6

Capital expenditure,
operating,
EUR million                  2.2      3.6      6.0      6.8       9.8
Capital expenditure in
shares,
EUR million                 24.4      0.2     36.3     13.5      27.9

Personnel in Group
companies on average                          6714     5925      6038
Personnel in Group
companies at the end of
the period                                    7246     6252      6389
Personnel in associated
companies at the end of
the period                                     278      239       236

Change in intangible
assets, EUR million
Book value at beginning
of period                    7.1      7.9      7.9      8.5       8.5
Acquired companies           0.6      0.0      0.7      0.2       0.6
Capital expenditure          0.4      0.0      0.8      0.8       3.1
Decreases                    0.0      0.0      0.0      0.0      -0.9
Depreciation and
expensed                    -1.0     -0.7     -2.3     -2.3      -3.4
Translation difference       0.0      0.0      0.0      0.0       0.0
Book value at end of
period                       7.1      7.2      7.1      7.2       7.9

Change in tangible
assets, EUR million
Book value at beginning
of period                   17.3     15.5     17.0     15.2      15.2
Acquired companies           0.3      0.0      0.6      0.6       1.4
Capital expenditure          1.8      2.0      5.2      4.5       6.7
Decreases                   -0.4      0.0     -0.7     -0.1      -0.5
Depreciation                -1.4     -1.5     -4.5     -4.2      -5.7
Translation difference       0.0      0.0      0.0      0.0      -0.1
Book value at end of
period                      17.6     16.0     17.6     16.0      17.0



Segment information                   1-9/2007 1-9/2006 1-12/2006
EUR million

NET SALES
Energy                                   154.8    137.5     197.4
Forest Industry                          197.2    164.6     224.9
Infrastructure & Environment             159.8    147.7     201.8
Unallocated                                0.9      1.1      -0.8
Total                                    512.7    450.9     623.3

OPERATING PROFIT AND NET PROFIT FOR THE PERIOD
Energy                                    15.6     10.2      14.6
Forest Industry                           26.3     15.4      22.9
Infrastructure & Environment              11.6      9.5      13.0
Unallocated                               -1.9     -1.4      -0.6
Operating profit total                    51.6     33.7      49.9

Financial items                            1.6      0.4       0.3
Profit before taxes                       53.2     34.1      50.2

Income taxes                             -17.0    -10.9     -15.4
Net profit for the period                 36.2     23.2      34.8
Profit attributable to:
Equity holders of the parent company      35.4     22.4      33.6
Minority interest                          0.8      0.8       1.2

OPERATING PROFIT %
Energy                                    10.1      7.4       7.4
Forest Industry                           13.3      9.4      10.2
Infrastructure & Environment               7.3      6.4       6.4
Total                                     10.1      7.5       8.0

ORDER STOCK
Energy                                   223.7    222.6     204.9
Forest Industry                          143.3    111.0     111.4
Infrastructure & Environment             216.7    183.7     191.0
Unallocated                                0.0      0.0       0.3
Total                                    583.7    517.3     507.6

Consulting and engineering               566.2    502.1     500.8
EPC                                       17.5     15.2       6.8
Total                                    583.7    517.3     507.6

NET SALES BY AREA
The Nordic countries                     142.5    112.4     154.6
Europe                                   218.4    203.8     277.3
Asia                                      50.5     53.2      79.5
North America                             25.3     19.5      26.6
South America                             58.2     46.1      63.9
Other                                     17.8     15.9      21.4
Total                                    512.7    450.9     623.3



Segment information                   10-12/05 1-3/06 4-6/06 7-9/06
EUR million

NET SALES
Energy                                    45.5   42.8   45.6   49.1
Forest Industry                           50.4   52.8   57.0   54.8
Infrastructure & Environment              50.3   48.3   50.7   48.7
Unallocated                               -0.9    0.1    0.6    0.4
Total                                    145.3  144.0  153.9  153.0

OPERATING PROFIT AND NET PROFIT FOR THE PERIOD
Energy                                     3.2    3.2    3.3    3.7
Forest Industry                            5.0    4.4    4.6    6.4
Infrastructure & Environment               3.0    3.3    2.8    3.4
Unallocated                                0.1   -0.7   -0.4   -0.3
Operating profit total                    11.3   10.2   10.3   13.2

Financial items                            0.4    0.3    0.1    0.0
Profit before taxes                       11.7   10.5   10.4   13.2

Income taxes                              -3.8   -3.5   -3.2   -4.2
Net profit for the period                  7.9    7.0    7.2    9.0
Profit attributable to:
Equity holders of the parent company       7.7    6.9    6.9    8.6
Minority interest                          0.2    0.1    0.3    0.4

OPERATING PROFIT %
Energy                                     7.0    7.5    7.2    7.5
Forest Industry                            9.9    8.3    8.1   11.7
Infrastructure & Environment               6.0    6.8    5.5    7.0
Total                                      7.8    7.1    6.7    8.6

ORDER STOCK
Energy                                   195.2  220.0  237.1  222.6
Forest Industry                           97.3  111.4  109.1  111.0
Infrastructure & Environment             159.5  187.6  185.3  183.7
Unallocated                                0.1    0.1    0.0    0.0
Total                                    452.1  519.1  531.5  517.3

Consulting and engineering               428.1  496.9  514.0  502.1
EPC                                       24.0   22.2   17.5   15.2
Total                                    452.1  519.1  531.5  517.3



Segment information                   10-12/06 1-3/07 4-6/07 7-9/07
EUR million

NET SALES
Energy                                    59.9   51.4   51.8   51.6
Forest Industry                           60.3   64.6   67.4   65.2
Infrastructure & Environment              54.1   50.8   53.4   55.6
Unallocated                               -1.9    0.2    0.4    0.3
Total                                    172.4  167.0  173.0  172.7

OPERATING PROFIT AND NET PROFIT FOR THE PERIOD
Energy                                     4.4    5.3    4.6    5.7
Forest Industry                            7.5    7.8    8.6    9.9
Infrastructure & Environment               3.5    3.7    3.5    4.4
Unallocated                                0.8   -0.8   -0.4   -0.7
Operating profit total                    16.2   16.0   16.3   19.3

Financial items                           -0.1    0.5    0.5    0.6
Profit before taxes                       16.1   16.5   16.8   19.9

Income taxes                              -4.5   -5.3   -5.4   -6.3
Net profit for the period                 11.6   11.2   11.4   13.6
Profit attributable to:
Equity holders of the parent company      11.2   10.9   11.0   13.5
Minority interest                          0.4    0.3    0.4    0.1

OPERATING PROFIT %
Energy                                     7.3   10.3    8.9   11.0
Forest Industry                           12.4   12.1   12.8   15.2
Infrastructure & Environment               6.5    7.3    6.6    7.9
Total                                      9.4    9.6    9.4   11.2

ORDER STOCK
Energy                                   204.9  214.8  233.8  223.7
Forest Industry                          111.4  154.1  140.2  143.3
Infrastructure & Environment             191.0  198.4  204.6  216.7
Unallocated                                0.3    0.3    0.3    0.0
Total                                    507.6  567.6  578.9  583.7

Consulting and engineering               500.8  553.1  558.1  566.2
EPC                                        6.8   14.5   20.8   17.5
Total                                    507.6  567.6  578.9  583.7



Acquisitions during 2007

                                           Acquisition    Acquired
  Name and business                        date           interest, %

  Rakennuslaskenta NHL Oy                  May 25, 2007           100

  The company specialises in quantity and
  cost calculations, building consulting
  and condition assessment services. The
  company is based in Turku, Finland and
  has a staff of 23.

  ZAO Giprobum Engineering                 June 15, 2007           70

  The company specialises in investment
  studies, services related to permitting
  and agreements with authorities, various
  sectors of plant engineering, and
  construction management in the forest
  industry. The company is based in St.
  Petersburg Russia and has a staff of
  260.

  Evata Worldwide Oy                       June 27, 2007           70

  The company specialises in architectural
  and interior design, workplace design,
  office property consulting and services
  related to real estate development. The
  company is based in Helsinki, Finland
  and has a staff of 100.

                                           August 27,
  ECON Analyse AS                          2007                   100

  The company provides research, analysis
  and strategic advice relating to the
  interaction of markets and policies. In
  addition to consulting assignments, the
  company offers a set of subscription
  services related to energy and carbon
  markets as well as manages multi-client
  and scenario studies. The company is
  based in Oslo and Stavanger, Norway,
  Stockholm, Sweden and Copenhagen,
  Denmark, and has a staff of 85.

  Insinööritoimisto Pöysälä & Sandberg Oy  September 5,
                                           2007                   100

  The company specialises in industrial
  building construction and structural
  engineering of office and commercial
  buildings. The company is based in
  Helsinki, Kuopio and Oulu in Finland and
  has a staff of 100.

  Ingenieurgemeinschaft
  Witzenhausen Fricke & Turk GmbH          October 5,
  (IGW)                                    2007                   100

  The company specialises in waste
  management, especially in mechanical and
  biological waste treatment. The company
  is based in Germany and has a staff of
  20.



Aggregate figures for the above                                   EUR
acquisitions                                                  million

  Purchase price
  Fixed price, paid                                              24.8
  Additional 30%, estimate                                        3.0
  Earnout estimate                                                3.5
  Order intake estimate                                           0.0
  Share issue                                                     5.0
  Total                                                          36.3

  Price allocation
  Equity                                                          7.6
  Fair value adjustments:
  Client relationship                                             0.0
  Order stock                                                     0.3
  Other                                                           0.1
  Total                                                           8.0

  Remaining = goodwill                                           28.3

  Market leadership, experienced management and
  staff, and earnings expectations are factors
  contributing to the amount booked as goodwill.

Impact on the Pöyry Group's income statement

  Operating profit from acquisition date to
  September 30, 2007                                              0.8
  Sales volume on a 12-month calendar year basis
  2007                                                           42.0
  Operating profit on 12-month calendar year
  basis 2007                                                      4.0

Impact on the Pöyry Group's assets and
liabilities
  EUR million
                                     Book values  Fair value Adjusted
                             at acquisition date adjustments     IFRS
                                                               values

  Intangible assets                          0.7         0.0      0.7
  Tangible assets                            0.4                  0.4
  Shares                                     0.1         0.1      0.2
  Deferred tax receivables                   0.0                  0.0
  Work in progress                           1.2                  1.2
  Accounts receivable                        5.5                  5.5
  Other receivables                          1.0                  1.0
  Cash and cash equivalents                  6.7                  6.7
  Assets total                              15.6         0.1     15.7

  Deferred tax liability                     0.0                  0.0
  Provisions                                 0.0                  0.0
  Interest bearing
  liabilities                                0.4                  0.4
  Project advances                           0.6                  0.6
  Accounts payable                           1.1                  1.1
  Other current liabilities                  5.9                  5.9
  Liabilities total                          8.0         0.0      8.0

  Net identifiable assets
  and liabilities                            7.6         0.1      7.7




  Total cost of business
  combinations                                                   36.3
  Paid                               24.8
  Share issue                         5.0
  Additional price, estimate          6.5

  Order stock                                                     0.3
  Goodwill                                                       28.3

  Consideration paid,
  satisfied in cash                  24.8
  Cash acquired                       6.7
  Net cash outflow                   18.1

  Based on the purchase agreements the companies acquired during
  the period under review are consolidated 100% into the Pöyry
  Group as of the end of the month when acquired.

  The figures are preliminary figures. IGW acquired in October
  is not included in the figures.

Poyry Q3_2007_e