Jaakko Pöyry Group Oyj's Board of Directors has in its meeting on September 25, 2001 reviewed the Group's earnings forecast for 2001.
The global economic outlook has weakened considerably, especially in the early autumn. The decline in economic activity will affect Jaakko Pöyry Group's operations particularly in North America, where investment demand has declined most rapidly. North America will account for about 5 per cent of the Jaakko Pöyry Group's net sales in 2001. Demand for consulting services has also declined and it is possible that the completion of some investment banking assignments may be postponed until 2002. In the emerging markets major energy projects have been postponed.
Jaakko Pöyry Group's order stock in general is still healthy and its market position remains strong. Profit after financial items in 2001 is estimated at EUR 26-30 million. Earnings per share are estimated at EUR 1.25-1.45.
JAAKKO PÖYRY GROUP OYJ
Erkki Pehu-Lehtonen
President and CEO
Teuvo Salminen
Executive Vice President