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Pöyry Oyj PÖYRY PLC Company Announcement 16 June 2008 at 9.50 a.m.
PÖYRY SPECIFIES ITS 2008 EARNINGS ESTIMATE
Owing to the favourable development of earnings in the first half of the year, the company specifies its earnings estimate of consolidated profit before taxes for 2008. Profit before taxes is estimated to improve clearly in 2008. According to the company's previous estimate, the profit before taxes was estimated to improve in 2008.
The Forest Industry business group's favourable earnings development has continued after the first quarter also in April and May and orders received during the spring create a good work load for the rest of the year. For this reason, the Forest Industry business group's operating profit is expected to improve clearly in 2008. According to the previous estimate, the operating profit was estimated to improve in 2008. The Forest Industry business group's favourable earnings development is due to effective capacity utilisation, successful completion of a number of major projects and the favourable demand situation in Latin America.
The earnings estimates of the Energy and Infrastructure & Environment business groups remain unchanged.
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2007 amounted to about EUR 720 million and it employs 7400 experts.
PÖYRY PLC
Heikki Malinen President and CEO
Teuvo Salminen Deputy to the President and CEO
Additional information by: Teuvo Salminen, Deputy to the President and CEO tel. +358 10 33 22872
www.poyry.com
DISTRIBUTION: OMX Nordic Exchange Helsinki Major media
