Agnico-Eagle Finland Oy has awarded Pöyry PLC a services contract, for the expansion project for the concentrating plant and leaching process at Kittila gold mine. The contract is for the provision of a total EPCM service and Poyry will be responsible for project management, engineering and procurement and construction management. The project is an expansion to the existing operational mine. Poyry also provided engineering and construction management services for the initial development of the existing concentrating plant. Locally, the project will employ around 100 people at the construction stage and 30 people in the concentrating process.

Pöyry PLC announced consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, consolidated net sales amounted to EUR 166.3 million versus EUR 209.5 million and decreased by 20.6% compared with the previous year. Basic and diluted earnings per share were EUR 0.01 against EUR 0.07 basic and diluted loss per share of prior year period. Operating profit amounted to EUR 3.1 million or 1.9% of sales versus operating loss of EUR 1.3 million. Operating profit improved in the Energy Business Group but declined in all other business lines. Profit before taxes was EUR 2.2 million against loss before taxes of EUR 1.7 million of prior year period.

Pöyry PLC, Q1 2013 Earnings Call, Apr 24, 2013