Based on current information, the Pöyry Group's operating profit for 2010, excluding one-time items, is estimated to decline clearly from the comparable figure in 2009. The Group's net sales for the full year 2010 are expected to remain stable.The main reasons behind the reduced outlook are delays in start-up of awarded major projects, delays in final project investment decisions, low activity level in certain markets, and structural overcapacity, especially in Finland.Over the past years Pöyry's market environment has changed, particularly in Finland. Many of Pöyry's core industrial clients have shut down capacity in Finland and are shifting operations to emerging markets. Investment activity especially in the industrial and municipal sectors has declined. This calls for structural changes especially in Finland.Pöyry launches an operational excellence program, aiming at improving the efficiency of operations. The program will be implemented during 2010-2012 and will be started in Finland, where the need for structural changes and streamlining of the organization is most imminent, and significant cost saving can be achieved. In conjunction with the program Pöyry starts statutory employee negotiations in all of its Finnish operations.