Pöyry PLC

Interim Report 1 January - 30 June 2015 - Seite 2

ALEXIS FRIES, PRESIDENT AND CEO:

"Our performance during the reporting period developed positively. Comparable net sales and operative result improved. Our enhanced sales focus resulted in a stable order intake despite a larger project assignment in 2014 in Brazil, which affected the comparable figure. The structural adjustments which were initiated earlier this year, especially in Central Europe and in Brazil, have continued as planned. Our increasing activity rate indicates improving operational efficiency as we continue pushing for sales and developing project management performance.

Pöyry's comparable net sales in the first half of the year, excluding the business that was divested in Finland in June 2014, increased to EUR 297.6 (285.2) million. The figure increased in the Energy, Industry and Management Consulting Business Groups and remained stable in the Regional Operations.

Consolidated operating profit increased to EUR 2.8 (-4.7) million. The figure improved in all Business Lines, especially in the Regional Operations and in the Industry Business Group. In the reporting period, operating profit was impacted by one-time items totalling EUR -2 million, which were recorded under the Regional Operations. These mainly include additional project losses recognised on a project originating from the former Urban Business Group, as well as expenses related to on-going arbitration proceedings in Brazil.

Operating profit last year was burdened by one-time items totalling EUR -6 million and a write-off of the receivables from Venezuela amounting to EUR -14 million. The write-off and most one-time items were recorded in the Regional Operations and were related to project losses originating from the former Urban Business Group. In addition, operating profit included a gain of EUR +19 million from the divestment in Finland.

The Group's order prospects remained solid. The comparable order intake was stable year-on-year and several mid-sized projects were secured during the period. The figure improved clearly in the Energy Business Group, where new orders were recorded in Asia-Pacific and the Middle East, as well as in the Industry Business Group, where order intake was good in both the chemicals and bio-refining business and the pulp and paper sector. It also increased in the Management Consulting Business Group mostly due to a higher number of projects in the area of operational excellence services. Order intake declined in the Regional Operations, where the figure increased in Central Europe but decreased especially in Latin America.