Pöyry Oyj: Pöyry updates its financial targets in line with its transformation

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: [phone]

Rebecca Bleasdale
Head of Communications
Pöyry PLC
Tel: [phone]

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 (http://www.poyry.com/)

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Source: Pöyry Oyj via Globenewswire