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CEO comments

President and CEO on the H1 results 2017:

"In the first half of 2017 we have shown continued improvement in our operational business compared to the first half of 2016. Our adjusted operating margin increased in every business line except in the Management Consulting Business Group. Streamlining measures have enabled loss reduction in unallocated expenses on an adjusted basis.

Our cash flow improved significantly compared to the first half of 2016 but still shows further potential for improvement. The increase in order stock continued and was in all business lines above the comparative levels from the first half of 2016.

The transformation project started in 2016 has been received well and is showing clear progress. Employee engagement continues to increase and our improved client focus enables us to better position our new offerings. We see increasing demand for our smart solutions in areas of bioenergy, health and safety and operational excellence, underpinned by the recent launch of #PoyryDigital. During the first half of 2017 demand in pulp and packaging has continued to be strong, and in the Hydro and Thermal businesses we were awarded several key projects, particularly in Asia. We are happy to report both an increase in order stock and a more balanced portfolio. We continue and will intensify our efforts to build connected teams and attract key talent in order to speed up our transformation towards reaching our benchmark profitability."

4 August 2017
Martin à Porta

President and CEO on the Q4 results 2016:

“Our adjusted operating result increased compared to the same quarter in 2015, showing continued improvement in our operational business. Adjusted operating margin increased in the Energy and Management Consulting Business Groups, remained on a solid level in the Industry Business Group and declined in Regional Operations. Accordingly operating cash flow of the quarter excluding taxes improved compared to the corresponding period in the previous year. We also saw an increase in our order stock as an outcome from a more client focussed organisation.

President and CEO on the Q3 results 2016:

“Our adjusted operating result increased compared to the same quarter in 2015, showing that our operational business is improving. Adjusted operating margin increased in the Energy and Management Consulting Business Groups as well as in Regional Operations, and remained stable in the Industry Business Group.  We see positive development in small and medium size orders, market activity and sales prospects in general. However, the overall order intake decreased compared to the previous year. Net sales increased in the Management Consulting Business Group, remained stable in Regional Operations but decreased in the Energy and Industry Business Groups.

President and CEO on the Q2 results 2016:

“Our net sales and profitability decreased compared to the same quarter in 2015 due to insufficient performance in a number of business units. However, other business units show positive development compared to the previous year.  The order intake in the Energy Business Group and the Regional Operations increased compared to the same quarter in 2015, and there was an improved profitability within the Regional Operations Northern Europe.