Pöyry - Interim report (Q1 and Q3)

Pöyry PLC: Interim Report 1 January - 30 September 2015

PÖYRY PLC         Interim Report 30 October 2015 at 8:30 a.m. EET

OPERATING PROFIT IMPROVED

HIGHLIGHTS JANUARY - SEPTEMBER 2015

(Figures in brackets, unless otherwise stated, refer to the same period of the
previous year.)

  * The Group's order stock at the end of September was EUR 487.8 (475.3)
    million.

  * Comparable net sales were EUR 430.8 (416.1) million. Reported net sales in
    2014 were EUR 434.8 million.

  * Operating profit increased to EUR 3.9 (-10.9) million. It improved in all
    Business Lines, especially in the Regional Operations and in the Industry
    Business Group.

KEY FIGURES

                                   7-9/  7-9/ Change,  1-9/  1-9/ Change, 1-12/

 Pöyry Group                       2015  2014       %  2015  2014       %  2014
-------------------------------------------------------------------------------
 Order stock at the end of        487.8 475.3     2.6 487.8 475.3     2.6 472.5
 period, EUR million
-------------------------------------------------------------------------------
 Net sales total, EUR million     133.2 131.2     1.5 430.8 434.8    -0.9 571.2
-------------------------------------------------------------------------------
 Operating profit/loss, EUR         1.1  -6.2    n.a.   3.9 -10.9    n.a. -23.1
 million
-------------------------------------------------------------------------------
 Operating margin, %                0.8  -4.7           0.9  -2.5          -4.0
-------------------------------------------------------------------------------
 Profit/loss before taxes, EUR      7.7  -7.1    n.a.   6.8 -13.1    n.a. -28.0
 million
-------------------------------------------------------------------------------
 Earnings per share, basic, EUR    0.12 -0.08    n.a.  0.09 -0.20    n.a. -0.40
-------------------------------------------------------------------------------
 Earnings per share, diluted, EUR  0.12 -0.08    n.a.  0.09 -0.20    n.a. -0.40
-------------------------------------------------------------------------------
 Gearing, %                                            53.7  46.5          39.1
-------------------------------------------------------------------------------
 Return on investment, %                                7.6  -5.6          -9.9
-------------------------------------------------------------------------------
 Average number of personnel,                         5,054 5,517    -8.4 5,433
 full time equivalents (FTE)
-------------------------------------------------------------------------------

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

ALEXIS FRIES, PRESIDENT AND CEO:"I am satisfied with Pöyry's improving performance during the reporting period.
Our increased focus on sales is bearing fruit with several important projects
secured during the quarter. We continued to sharpen project management processes
and increase internal efficiency.

Pöyry's comparable net sales, excluding the business that was divested in
Finland in June 2014, increased during the reporting period to EUR 430.8 (416.1)
million. The figure increased in the Energy and Industry Business Groups and
remained stable in the Management Consulting Business Group and in the Regional
Operations.

Consolidated operating profit increased to EUR 3.9 (-10.9) million. The figure
improved in all Business Lines, especially in the Regional Operations and in the
Industry Business Group. In the reporting period, operating profit was impacted
by one-time items totalling EUR -3 million, which were mainly recorded under the
Regional Operations. As earlier reported, these include project losses
recognised on a project originating from the former Urban Business Group, as
well as expenses related to on-going arbitration proceedings in Brazil. The
figure also includes costs associated with the CEO succession announced in
August 2015.

Operating profit last year was burdened by one-time items totalling EUR -11
million and a write-off of the receivables from Venezuela amounting to EUR -14
million. The write-off and most one-time items were recorded in the Regional
Operations and related to project losses originating from the former Urban
Business Group. In addition, operating profit included a gain of EUR 19 million
from the divestment in Finland.

The Group's order prospects remained solid. The comparable order intake
increased year-on-year and several important projects were secured during the
period. The figure improved clearly in the Industry Business Group, where order
intake was strong especially in the pulp and paper sector. It also increased in
the Energy Business Group, mainly due to the good performance in Asia and Middle
East, as well as in the Management Consulting Business Group especially due to
new projects in the energy sector. Order intake remained stable in the Regional
Operations, where it stayed on the previous year's level in Northern Europe but
decreased in other regions.

Pöyry's order stock increased year-on-year to EUR 487.8 (475.3) million. It
increased in the Management Consulting Business Group and particularly in the
Industry Business Group, demonstrating the improving order intake since 2014.
The figure remained stable in the Energy Business Group and in the Regional
Operations.

The Group's unallocated costs developed in line with expectations, as we
continued to streamline our cost structures in the global support functions."

The complete January-September 2015 interim report is enclosed with this company
announcement and is available in full on the company's website at www.poyry.com.
Investors are advised to review the complete interim report with tables.

PÖYRY PLC

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

INVITATION TO CONFERENCES TODAY ON 30 OCTOBER 2015

Pöyry's January-September 2015 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 (EET) 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 (EET). The event will be hosted by Jukka Pahta, CFO.

  * 11:00 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 by the next working day on the same website.

To attend the conference call, please dial:

  * FI: +358 (0)9 2313 9201
  * SE: +46 (0)8 5052 0110
  * UK: +44 (0)20 7162 0077
  * US: +1 334 323 6201
  * Other countries: +44 (0)20 7162 0077

Conference ID: 955385

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 provide local services in
our core markets. We deliver management consulting 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 and water. Pöyry has an
extensive local office network employing about 6,000 experts. Pöyry's net sales
in 2014 were EUR 571 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#1962549]

Attachments:

Interim Report 1 January - 30 September 2015.pdf