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| Pöyry: net sales and operating profit improving Finland-based Pöyry's order stock totalled EUR 716.7 million (529.7) at the end of the first quarter of 2011. Consolidated net sales in the first quarter of 2011 increased by 10.6 per cent compared with the year before to EUR 180.0 million (162.7) reflecting the improving market environment especially in the businesses that operate in the private sector. Operating profit excluding restructuring costs was EUR 6.5 million (0.9) corresponding to 3.6 per cent (0.6) of sales. Net cash before financing activities was EUR 14.1 million (-30.2). Pöyry's order intake in the first quarter of 2011 was high and based on the current strong order stock and outlook for new orders, the Group's net sales in 2011 are expected to improve clearly compared with 2010. The comparable operating profit for 2011 is expected to improve significantly from the operating profit, excluding restructuring costs, in 2010, taking into consideration the small numbers in the reference period. write your comments about the article :: © 2011 Construction News :: home page |