Pöyry PLC: Interim Report 1 January - 31 March 2016
(Thomson Reuters ONE) -
Pöyry PLC Interim report 4 May 2016 at 8.30 a.m. EEST
Challenging start to the year
Key figures for January-March 2016
(Figures in brackets, unless otherwise stated, refer to the same period of the
previous year.)
* Adjusted operating result decreased to EUR -0.6 (3.1) million mainly due to
lower profitability in the Regional Operations. Operating result was EUR
-2.6 (2.7) million.
* Net sales were EUR 136.0 (146.7) million. The decrease was mainly due to
lower net sales in the Regional Operations.
* The Group's order stock was EUR 464.8 million and remained on the level
of 2015 year-end.
1-3/ 1-3/ Change, 1-12/
Pöyry Group 2016 2015 % 2015
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Order stock at the end of period, EUR million 464.8 532.2 -12.7 465.5
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Net sales total, EUR million 136.0 146.7 -7.3 575.3
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Operating result, EUR million -2.6 2.7 n.a. 4.0
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Operating margin, % -1.9 1.8 0.7
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Adjusted operating result, EUR million -0.6 3.1 n.a. 9.4
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Adjusted operating result, % of net sales -0.4 2.1 1.6
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Result before taxes, EUR million -3.0 -0.7 n.a. 6.0
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Earnings per share, basic, EUR -0.07 -0.01 n.a. 0.09
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Earnings per share, diluted, EUR -0.07 -0.01 n.a. 0.09
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Earnings per share, adjusted, EUR -0.03 0.00 n.a. 0.18
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Gearing, % 23.8 38.3 3.6
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Return on investment, % -3.8 6.4 6.1
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Average number of personnel, full time 4,904 5,105 -3.9 5,029
equivalents (FTE)
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All figures and sums have been rounded off from the exact figures, which may
lead to minor discrepancies upon addition or subtraction.
New disclosure procedure in publishing financial outlook
Pöyry has updated its disclosure procedures in line with the applicable Finnish
Securities Act. Hence, from 2016 onwards Pöyry will publish its full year market
outlook and financial forecast in its interim reports and financial statement
release. Earlier Pöyry published its full year market outlook and financial
forecast only in its financial statement release.
Financial outlook for 2016 unchanged
The Group's adjusted operating result is expected to be positive.
Martin à Porta, President and CEO:
"It was a challenging start to the year. Compared to the strong first quarter in
2015, our net sales and profitability decreased. We did anticipate a soft first
quarter, as the number of working days was less than in the previous year.
Additionally there were unexpected losses in our Regional Operations in
Switzerland which were a disappointment for us. We have taken the first
immediate actions to rectify the situation and the recovery plan is underway.
Despite the shortcomings, there are also things in the first quarter that we can
be satisfied with. The Industry Business Group was able to clearly improve its
net sales and profitability. We were also able to secure several important
orders across the different businesses and the prospects for new orders remained
stable.
We have now communicated our operational framework to the senior management and
execution has started accordingly. We are entering the next phase in developing
our company. We will do everything to improve our competitiveness and to ensure
that clients are always the main focus in all that we do. The three main aspects
that will guide us over the next years are: simplifying and empowering our
organisation, strengthening our core, and preparing to scale up.
Despite the challenging first quarter, we are confident that we are doing the
right things and that we are able to improve step by step our performance. Thus
we are maintaining our outlook that the Group's adjusted operating profit is
expected to be positive in 2016."
Market outlook 2016
The economic and market outlook for 2016 remains challenging, however there are
opportunities in specific segments of the market in Europe, in Asia and in North
America. In addition, the quantitative easing programme of bond purchases
launched by the European Central Bank in 2015 is aimed at creating 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 forest product industry sectors, such as packaging and tissue, the
outlook is reasonable. However, in the graphic paper industry the decline in
structural consumption is set to continue. For energy and other industrial
sectors relevant to Pöyry's businesses, the prospects are expected to be
challenging. However, the prevailing uncertainties offer opportunities for
operational excellence and advisory services. In Europe, growth remains fragile,
delaying economic recovery and investment decisions.
The complete January-March 2016 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 4 May 2016
Pöyry's January-March 2016 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 (EEST) 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 (EEST). The event will be hosted by Jukka Pahta, CFO.
* 10:00 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 2310 1618
* SE: +46 (0)8 5065 3935
* UK: +44 (0)20 3427 1925
* US: +1 646 254 3368
* Other countries: +44 (0)20 3427 1925
Conference ID: 4648360
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
Interim Report 1 January - 31 March 2016:
http://hugin.info/120101/R/2009609/743696.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Pöyry Oyj via GlobeNewswire
[HUG#2009609]
Unternehmensinformation / Kurzprofil:
Datum: 04.05.2016 - 07:30 Uhr
Sprache: Deutsch
News-ID 468485
Anzahl Zeichen: 10142
contact information:
Town:
Vantaa
Kategorie:
Business News
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"Pöyry PLC: Interim Report 1 January - 31 March 2016"
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Pöyry Oyj (Nachricht senden)
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