Profits before taxes were €20.9m compared to €16.5m last year.

The group said that its forest industry business group recorded net sales for the first six months of €109.8m, compared to €101.5m, and operating profits of €9.0m compared to €8.8m.

Most of the forest industry’s new investments have been directed to emerging markets and the group said that investment activity will remain relatively strong there.

Demand for the forest industry business group’s consulting services has grown and Pöyry plc said it has a strong market position in all of its business areas.