Pöyry sales & profit cut sharply in 2009

Climate change adaptation & 'green' energy earmarked for growth, but bid for Enviros failed

08-Feb-10 Finnish-based engineering group Pöyry has unveiled poor results for the year ending 31 December 2009, with an 18% reduction in sales and an 88.5% cut in operating profit. All but one of its five divisions experienced a reduction in revenue during 2009 and sales fell in all geographic areas. The company is forecasting a somewhat improved performance for 2010 and has emphasised that future growth areas include services related to climate...

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