PÖYRY OYJ Pöyry PLC Stock Exchange Release 10 December 2018 at 09:00 a.m. (EET)
PÖYRY'S GUIDANCE FOR 2019
Pöyry PLC ("Pöyry") announced earlier today that the Boards of Directors of ÅF AB (publ) ("ÅF") and Pöyry have signed an agreement to combine the two companies and that ÅF will launch a recommended public cash tender offer to purchase all issued and outstanding shares in Pöyry (the "Tender Offer").
In connection with the Tender Offer, Pöyry publishes information on its guidance for 2019.
Guidance for 2019
Pöyry publishes the following guidance for 2019: "The Group's adjusted operating result is expected to improve compared to estimated full year result of 2018."
The guidance is based on current order stock level and market outlook in general.
The guidance has been prepared on a standalone basis, and it therefore does not take into account the effect that the completion of the planned combination of ÅF and Pöyry through the Tender Offer would have on Pöyry's financial outlook.
Guidance for 2018 (unchanged)
On 17 July 2018, Pöyry published the following guidance regarding the 2018 adjusted operating result:
"The Group's adjusted operating result for the full year 2018 is expected to improve clearly (2017: 26.0 MEUR)."
The abovementioned guidance for 2018 remains unchanged.
PÖYRY PLC
Additional information:
Juuso Pajunen
CFO, Executive Vice President
Tel. +358 10 33 26632
Pöyry is an international consulting and engineering company serving clients across power generation, transmission & distribution, forest industry, biorefining & chemicals, mining & metals, infrastructure and water & environment. Pöyry delivers smart solutions and works with the latest digital innovations. Pöyry's net sales in 2017 were EUR 522 million, and it employed 5500 experts at its 115 offices in 40 countries.
In 2018 Pöyry is proud to be celebrating its 60th Anniversary, together with employees, clients and partners.
This announcement is distributed by West Corporation on behalf of West Corporation 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
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
