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ÅF Pöyry announces outlook for the first quarter 2019

Wed, 03/27/2019 - 09:00
Regulatory

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In light of the upcoming rights issue, ÅF Pöyry AB (“ÅF Pöyry”) announces an outlook for ÅF Pöyry (excluding Pöyry PLC (“Pöyry”)), and an outlook for Pöyry for the first quarter 2019, respectively.

Outlook for ÅF Pöyry (excluding Pöyry) for the period January–March 2019
Excluding Pöyry, ÅF’s net sales for the first quarter 2019 are expected to be higher than net sales for the corresponding period 2018, whereas EBITA (not including the effects of IFRS 16), excluding acquisition costs and other costs affecting comparability, is expected to be in line with EBITA for the corresponding period 2018.

Outlook for Pöyry for the period January–March 2019
Pöyry’s net sales for the first quarter 2019 are expected to be higher than the corresponding period 2018. Pöyry’s operating profit (not including the effects of IFRS 16), excluding acquisition costs and other items affecting comparability, for the first quarter 2019 is expected to be significantly higher than the corresponding period 2018.

Pöyry is consolidated in ÅF Pöyry’s consolidated accounts as from 28 February 2019.

The above information will be included in the prospectus concerning the upcoming rights issue.

For further information, please contact:

Stefan Johansson, CFO
+46 10 505 10 40

This information is information that ÅF Pöyry AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out in this press release at 09:00 CET on 27 March 2019.
  

About ÅF Pöyry
ÅF Pöyry is an international leader within engineering, design and advisory services. We create solutions to support our customers worldwide to act on sustainability as well as the global trends of urbanisation and digitalisation. We are more than 16,000 devoted experts within the fields of infrastructure, industry and energy operating across the world to create sustainable solutions for the next generation. Making Future.
  

IMPORTANT INFORMATION

The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, subscription rights or other securities in ÅF Pöyry AB (“ÅF Pöyry”) in any jurisdiction.

This press release may not be released, published or distributed, directly or indirectly, in or into Australia, Hong Kong, Canada, New Zealand, Singapore, the United States of America, including its territories and possessions, any state of the United States or the District of Columbia (the “United States”) or any other jurisdiction where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in a manner that contravenes such restrictions or would entail such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws.

The securities referred to in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (“Securities Act”), or under the securities laws of any state or other jurisdiction in the United States and may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or transferred, directly or indirectly, in or into the United States absent exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with securities laws of the relevant state or other jurisdiction in the United States. All offers and sales of securities in connection with any rights offer by ÅF Pöyry will be made, subject to certain limited exceptions, outside of the United States and in reliance on, and in compliance with, Regulation S under the Securities Act. There will be no public offering in the United States.

This press release contains certain forward-looking information that reflects ÅF Pöyry’s present view of future events as well as financial and operational development. Words such as “intend”, “assess”, “expect”, “may”, “plan”, “believe”, “estimate” and other expressions entailing indications or predictions of future development or trends, not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties as it depends on future events and circumstances. Forward-looking information is not a guarantee of future results or development and actual outcomes may differ materially from the statements set forth in the forward-looking information.

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