Pöyry PLC announced consolidated earnings results for the six months and full year ended December 31, 2017. For the six months, the company reported net sales of EUR 255.1 million as compared to EUR 257.7 million for the same period last year. Adjusted operating profit was EUR 16.0 million as compared to EUR 7.5 million for the same period last year. Profit before taxes was EUR 9.6 million as compared to loss of EUR 5.8 million for the same period last year. Earnings per share basic and diluted was EUR 0.08 as compared to loss per share of EUR 0.13 for the same period last year. Earnings per share, adjusted was EUR 0.16 as compared to EUR 0.06 for the same period last year. Net cash flow from operating activities increased to EUR 40.1 million against EUR 14.3 million in 2017, which lead to gearing of 4.7% from 27.0% in 2017. Operating result was EUR 11.4 million against loss of EUR 3.8 million a year ago.

For the year, the company reported net sales of EUR 522.3 million as compared to EUR 529.6 million for the same period last year. Adjusted operating profit was EUR 26.0 million as compared to EUR 5.8 million for the same period last year. Profit before taxes was EUR 11.8 million as compared to loss of EUR 10.6 million for the same period last year. Earnings per share basic and diluted was EUR 0.07 as compared to loss per share of EUR 0.24 for the same period last year. Earnings per share, adjusted was EUR 0.25 as compared to loss of EUR 0.01 for the same period last year. Return on investment was 8.8% against negative return on investment of 3.2% a year ago. Operating result was EUR 15.1 million against loss of EUR 8.1 million a year ago.

The group's adjusted operating result for 2018 is expected to improve.