Pöyry - Financial Statement Release

Pöyry PLC: Pöyry PLC's notice concerning annual accounts for 2015

PÖYRY PLC         Financial Statement Release 10 February 2016 at 8:30 a.m. EET

OPERATING PROFIT IMPROVED

HIGHLIGHTS JANUARY - DECEMBER 2015

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

  * Operating profit increased to EUR 4.0 (-23.1) million. It improved in all
    Business Lines, especially in the Regional Operations and in the Industry
    Business Group.

  * Comparable net sales were EUR 575.3 (552.4) million. Reported net sales in
    2014 were EUR 571.2 million.

  * The Group's order stock at the end of December was EUR 465.5 (472.5)
    million.


KEY FIGURES

                                      10-12/ 10-12/ Change, 1-12/ 1-12/ Change,

 Pöyry Group                            2015   2014       %  2015  2014       %

 Order stock at the end of period,     465.5  472.5    -1.5 465.5 472.5    -1.5
 EUR million

 Net sales total, EUR million          144.5  136.4     5.9 575.3 571.2     0.7

 Operating profit/loss, EUR million      0.1  -12.2    n.a.   4.0 -23.1    n.a.

 Operating margin, %                     0.1   -8.9           0.7  -4.0

 Profit/loss before taxes, EUR          -0.9  -14.9    n.a.   6.0 -28.0    n.a.
 million

 Earnings per share, basic, EUR         0.00  -0.21    n.a.  0.09 -0.40    n.a.

 Earnings per share, diluted, EUR       0.00  -0.21    n.a.  0.09 -0.40    n.a.

 Gearing, %                                                   3.6  39.1

 Return on investment, %                                      6.1  -9.9

 Average number of personnel, full                          5,029 5,433    -7.4
 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.

MARTIN À PORTA, PRESIDENT AND CEO:

"Our overall market situation continues to be challenging. However, we are well
positioned in a number of growth markets like the Middle East and Asia to tap
into opportunities arising in the short and midterm.

We can see a continued positive trend with Pöyry's performance in 2015 and in
the fourth quarter. The last quarter was already a fourth consecutive one with a
positive operating result, despite some one-time expenses that still burdened
our results. We can still improve our performance by turning around a few units
that are not yet contributing to the level of our expectations.

Pöyry is now ready to enter the next phase of development after restructuring.
We will do everything to improve our competitiveness and to ensure that clients
are always the main focus in everything we do. Furthermore, I see three elements
that will guide us over the next years: Driving simplification and empowerment
of the organisation, strengthening the core of our business and getting ready to
scale up."

DIVIDEND PROPOSAL

The Group's parent company Pöyry PLC's net result for 2015 amounted to EUR
-5,366,546.04 and retained earnings were EUR 31,207,443.27. The total
distributable earnings were EUR 25,840,897.23. The Board of Directors of Pöyry
PLC will propose to the Annual General Meeting on 10 March 2016 that no dividend
will be paid for the year 2015.

MARKET OUTLOOK FOR 2016

The economic and market outlook for 2016 remains challenging. However, it is
also expected to offer new business opportunities for Pöyry. Lower oil and other
energy prices can stimulate private demand and investments globally. In
addition, the quantitative easing programme of bond purchases launched by the
European Central Bank in 2015 is aimed to create conditions for regional and
global recovery. Despite the slowing growth in China, the economic growth in the
US and the UK is projected to remain robust.

For the businesses relevant to Pöyry, the sector specific outlook remains mixed.
In the graphic paper industry, the decline in structural consumption is set to
continue. However, in other forest product industry sectors, the outlook is
improving. For energy, and other industrial sectors relevant to Pöyry's
businesses, the prospects remain unchanged and investment activity is expected
to gradually improve. In Europe, growth remains fragile, delaying economic
recovery and investment decisions.

CHANGES IN PERFORMANCE MEASURES

In accordance to European Securities and Markets Authority's guidelines on
Alternative Performance Measures published in October 2015, Pöyry will disclose
from 2016 onwards Adjusted operating result in addition to other key figures.

Adjusted operating result

                                                                    1-12/ 1-12/

 EUR million                                                         2015  2014
-------------------------------------------------------------------------------
 Operating profit / loss                                              4.0 -23.1
-------------------------------------------------------------------------------
 Write-down of Venezuelan receivables                                   -  13.9

 Restructuring and labour claim(*)) expenses                          2.7   5.7

 Gains / losses related to divestments                               -0.2 -19.1

 Profits/ losses related to projects from former Urban Business       2.0  12.1
 Group

 Profits / losses related to projects finalized over two years ago    0.9   3.4

 Other                                                                  -   2.3

 Adjusted operating result                                            9.4  -4.8

(*))Labour claim expenses are expenses related to employment claims customary in
one of the Group's operating countries and are based on local professional
opinions.

Pöyry discloses adjusted operating result in order to have more transparency and
in order to have a measure with which it is possible to assess the development
of the performance from one period to another. The adjustment items are not
related to the business operations of the reporting period and include
restructuring and labour claim expenses, gains/ losses related to divestments
and profits/ losses related to projects from former Urban Business Group or
projects which have been finalized over two years ago. The adjusted figures for
Business Lines are included in disclosures of this Financial Statement release.

FINANCIAL OUTLOOK FOR 2016

The Group's adjusted operating result is expected to be positive.

CORPORATE GOVERNANCE STATEMENT

Pöyry will publish its Corporate Governance Statement 2015 and its Financial
Statements 2015, including the Report of the Board of Directors, on 18 February
2016 at the latest. The Corporate Governance Statement will be published
separately from the Board of Directors' report and financial statements, and
will be published on the company's website at www.poyry.com.

MATERIALS TO THE AGM

The financial statements, the Board of Directors' report, the Corporate
Governance Statement, as well as other documents presented to the Annual General
Meeting will be published on the company's website at www.poyry.com on 18
February 2016 at the latest.

This is a summary of the January-December 2015 financial statement release. The
complete financial statement release 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 financial statement release with tables.

PÖYRY PLC

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

INVITATION TO CONFERENCES TODAY ON 10 FEBRUARY 2016

Pöyry's January-December 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 Martin à Porta, 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.

  * 10:00 a.m. US EST (New York)
  * 3:00 p.m. GMT (London)
  * 4:00 p.m. CET (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: 956768

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 2015 were EUR 575 million and the company's shares are quoted on NASDAQ
Helsinki (Pöyry PLC: POY1V).


DISTRIBUTION:
NASDAQ Helsinki
Major media
www.poyry.com

[HUG#1984887]

Viðhengi:

Financial Statement Release January-December 2015.pdf