Pöyry updates its financial targets in line with its transformation
(Thomson Reuters ONE) -
PÖYRY PLC Press Release 9 March 2017 at 16.05 (EET)
The Board of Directors of Pöyry PLC has decided to update its financial targets
in line with its transformation program, which is focused on putting the clients
first. In addition to client focus, the transformation program concentrates on
increasing efficiency and bringing Pöyry back to sustainable profitability.
In relation to the program, Pöyry updates its financial targets to:
Operating Margin corridor 6-9%
Return on Investment >20%
Gearing <50%
Financial targets will be revisited latest 2019.
'To recover our profitability it is essential that we have the right financial
targets in place', says Juuso Pajunen, CFO for Pöyry. 'This is why we are
removing our long-term growth related measures and replacing them with mid-term
targets that are focused on increasing overall efficiency and profitability.'
'Our experts are developing innovative solutions and services that address
important client topics such as digitalisation and automation to taking
advantage of the latest advancements in the complex bioeconomy', says Martin à
Porta, CEO for Pöyry. 'By focusing on client needs and empowering all our people
to act as intrapreneurs we are doing the right things that will lead us towards
profitable growth.'
Additional information:
Juuso Pajunen
Chief Financial Officer
Pöyry PLC
Tel: +358 10 332 6632
Rebecca Bleasdale
Head of Communications
Pöyry PLC
Tel: +41 78 643 2613
Did you know that Pöyry delivers over 10,000 consulting and engineering projects
every year and is committed to project management excellence.
About Pöyry
Pöyry is an international consulting and engineering company. We deliver smart
solutions across power generation, transmission & distribution, forest industry,
chemicals & biorefining, mining & metals, transportation and water. Pöyry's net
sales in 2016 were EUR 530 million. The company's shares are quoted on Nasdaq
Helsinki (POY1V). Approximately 5500 experts. 40 countries. 130 offices.
www.poyry.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pöyry Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 09.03.2017 - 15:05 Uhr
Sprache: Deutsch
News-ID 529284
Anzahl Zeichen: 2787
contact information:
Town:
Vantaa
Kategorie:
Business News
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