Pöyry's operating profit for 2010 estimated to decline clearly from 2009

Oct 14, 2010. /Lesprom Network/. Pöyry Group's operating profit for 2010, excluding one-time items, is estimated to decline clearly from the comparable figure in 2009. The Group's net sales for the full year 2010 are expected to remain stable, Pöyry said in a statement received by Lesprom Network. The main reasons behind the reduced outlook are: - Delays in start-up of awarded major projects. - Delays in final project investment decisions. - Low activity level in certain markets. - Structural overcapacity especially in Finland. More details about the outlook will be issued in Pöyry's January-September interim report, which will be published on 28 October 2010. Group sales for the full year 2010 are expected to remain stable or grow from 2009. The Group's operating profit is expected to remain stable compared with 2009 after inclusion of incremental business development expenses necessary to accelerate growth in line with the vision. The outlook and comparison both refer to figures excluding one-time items.