Pöyry - Company Announcement

PÖYRY ACCELERATES ADAPTATION MEASURES AND ENHANCES THE FOREST INDUSTRY BUSINESS GROUP'S OPERATING MODEL

PÖYRY PLC          Company Announcement 24 April 2009 at 9.00 a.m.

PÖYRY ACCELERATES ADAPTATION MEASURES AND ENHANCES THE FOREST
INDUSTRY BUSINESS GROUP'S OPERATING MODEL

In response to the changed market situation, Pöyry will continue and
accelerate adaptation measures across the Group. As part of these
actions, the company will change the Forest Industry business group's
organisation and operating model. Further capacity reductions will
also be implemented.

Pöyry accelerates its group-wide efficiency improvement measures,
which were launched to maintain the Group's profitability at as good
a level as possible and to adapt the capacity to prevailing market
conditions. The aim of these measures is to concentrate competences,
improve the efficiency of operations and to cut costs. The cost
saving target for fixed expenses is about EUR 30 million compared
with the 2008 cost base. The cost saving target related to project
activities will be defined in line with changes in the demand
situation. The current target for capacity cuts and cost savings is
estimated at about 12 per cent excluding one-off restructuring
expenses.

Investment demand, especially for new pulp and paper projects in the
Forest Industry business group, has remained weak in the first
quarter. Chemical industry projects are also on hold. Investment
decisions are being postponed or cancelled, and the implementation of
approved projects remains uncertain. Investment activity is not
expected to recover during 2009.

The operations of the Forest Industry business group will be improved
by consolidating the core competences in the Vantaa office in
Finland. Process, technology, project management, basic engineering
and quality assurance will serve the forest industry and chemical
process industries worldwide out of Vantaa. The core competence
centre will be strengthened with the key account management function
for the forest industry. In order to improve its cost-competitiveness
the business group's detail engineering services will be gradually
consolidated in the offices at Kouvola in Finland, Sao Paulo in
Brazil, Lodz in Poland and Jinan in China. The objective of the new
operating model is to offer clients effective integrated services,
combining technology and process know-how with cost-efficient project
implementation. By refocusing its operations, Pöyry will strengthen
its position as the world's leading expert in pulp and paper
technology, while improving its position as a provider of expert
services to the chemical process industry.

The new operating model requires reorganisation and adaptation of
capacity in the Forest Industry business group. The objective is to
achieve a significant reduction in the business group's cost base. In
order to implement the restructuring and adaptation of capacity,
Pöyry will launch new statutory negotiations. The negotiations will
cover all of the business group's units and employees in Finland.
They concern temporary and permanent layoffs, and other adaptation
measures. The adaptation measures will be determined in detail,
taking changes in the demand situation into account, as the
negotiations proceed. In addition to the previously announced
adaptation measures in Brazil and Finland, measures will also be
taken in Russia and Sweden.

The Forest Industry business group's operating profit in 2009 is
estimated to be slightly negative including non-recurring costs. The
non-recurring costs related to the capacity reduction in Finland will
be defined in detail as negotiations proceed.

Pöyry is a global expert in consulting and engineering. We offer our
clients in-depth industry expertise, innovative solutions and
lifecycle engagement. Our knowledge extends across hydropower, oil
and gas, power and heat, renewable energy, pulp and paper industry,
chemical process industry, transportation, water and environment, and
construction services. We have about 7500 experts at our service in
49 countries.

PÖYRY PLC

Heikki Malinen
President and CEO

Teuvo Salminen
Deputy to President and CEO


Additional information by:
Heikki Malinen, President and CEO, Pöyry PLC
Tel. +358 10 33 21307
Esa Ikäheimonen, CFO, Pöyry PLC
Tel. +358 10 33 21586

www.poyry.com

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