Poyry Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Poyry Oyj Lowers FY 2013 Revenue Guidance and Maintains FY 2013 Operating Profit Guidance
Poyry Oyj announced that unexpected delays in corresponding contract awards have impacted the development of the Company's revenues. Hence, contrary to earlier estimates, Poyry's fiscal year 2013 net sales are likely to fall short of 2012. Previously the Company expected that net sales in the fiscal year 2013 would increase compared with 2012. For the fiscal year 2012 the Company reported revenue of EUR 775.00 million. Outlook for the Company's operating profit remains unchanged and the result is still expected to increase compared with the operating profit excluding restructuring costs in 2012. For the fiscal year 2012 the Company reported EBIT of EUR 17.20 million. According to I/B/E/S Estimates analysts on average are expecting Poyry to report revenue of EUR 727.34 million and EBIT of EUR 21.90 million for the fiscal year 2013.
Latest Developments for Poyry Oyj
- Poyry lowers 2014 operating profit guidance
- Poyry further streamlines its business operations and introduces changes to Group Executive Committee
- Poyry Oyj lowers guidance for the operating profit in FY 2014
- Poyry completes divestment of parts of Finnish real estate design & consulting and construction management businesses
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