JAAKKO PÖYRY GROUP’S EARNINGS PER SHARE INCREASED BY 26 PER CENT
Jaakko Pöyry Group clearly exceeded its financial targets for 2000.
- Net sales for 2000 increased by 20.0 per cent to EUR 474.5 (395.4 in the previous year) million.
- Profit after financial items increased by 19.3 per cent amounting to EUR 30.1 (25.3) million.
- The Group’s profit for the period increased by 28.2 per cent and was EUR 19.2 (15.0) million.
- Earnings per share increased by 26.1 per cent and were 1.40 (1.11).
- The Board of Directors proposes dividend of EUR 0.60 (0.45), an increase of 33.3 per cent.
- The return on investment improved by 2.5 percentage points to 25.1 (22.6) per cent.
- The net debt/equity ratio (gearing) was –2.5 (13.5) per cent.
- The equity ratio was 42.2 (36.3) per cent.
All business groups recorded increased net sales compared with the previous year. Operating profit increased in the Forest Industry Consulting and Infrastructure & Environment business groups.
Prospects
Taking into account the market situation, the prospects of the business groups, and the order stock, the Jaakko Pöyry Group has a solid platform for year 2001. The Group is in a good position to reach the financial targets defined in its strategy.
The prospects for the business groups are described in the enclosed Board of Directors’ report.
The Auditors’ Report is dated February 12, 2001.
Dividend
The Board of Directors of Jaakko Pöyry Group Oyj proposes to the Annual General Meeting that a dividend of EUR 0.60 be paid per share for the financial year ended December 31, 2000. The dividend is payable on March 20, 2001.
Annual General Meeting
Jaakko Pöyry Group Oyj’s Annual General Meeting of shareholders will be held on March 8, 2001 at the Pöyry House, Vantaa, Finland.
A complete invitation to the Annual General Meeting will be published as a separate notice on February 13, 2001.
Enclosures
Board of Directors’ report for the year ended December 31, 2000
Consolidated statement of income and balance sheet and contingent liabilities
Key figures for the Group
JAAKKO PÖYRY GROUP OYJ
Erkki Pehu-Lehtonen
Teuvo Salminen
The full report including tables can be downloaded from the enclosed link.
