Outotec lowers its financial guidance for 2013 and publishes preliminary Q1-Q3 2013 financial information
(Thomson Reuters ONE) -
OUTOTEC OYJ STOCK EXCHANGE RELEASE OCTOBER 17, 2013 at 9.35 AM
Outotec lowers its financial guidance for 2013 and publishes preliminary Q1-Q3
2013 financial information
Outotec lowers its financial guidance regarding sales and operating profit
margin for 2013. There are several factors contributing to the lower sales
guidance. The macroeconomic uncertainty has continued which has slowed down
customers' capex investments. Also some projects have progressed slower than
expected due to delays in customer payments. In addition, one project (EUR 30
million) in order backlog was cancelled in September. The lower sales volume is
the main reason for lowering the operating profit margin guidance for 2013.
New financial guidance:
Outotec expects its sales be approximately EUR 1.9-2.1 billion and operating
profit margin from business operations*) be approximately 8.5-9.5% in 2013.
*) Excluding one-time items and purchase price allocations (PPA) amortizations
Previous financial guidance:
Based on the strong order backlog, current market outlook and customer tendering
activity, the management expects that in 2013:
* Sales will be approximately EUR 2.1-2.3 billion, and
* Operating profit margin from business operations*) will be approximately
9.5-10.5%
*) Excluding one-time items and purchase price allocations (PPA) amortizations
Preliminary Q1-Q3 2013 financial information
Outotec's preliminary financial information for January- September 2013 (2012)
* Order intake: EUR 1,086 (1,613.2) million
* Sales: EUR 1,454 (1,437.6) million
* Operating profit from business operations: EUR 122 (119.8) million
* Operating profit margin from business operations: 8.4 (8.3) %
Outotec's preliminary financial information for July-September 2013 (2012)
* Order intake: EUR 229 (452.4) million
* Sales: EUR 440 (502.8) million
* Operating profit from business operations: EUR 44 (44.7) million
* Operating profit margin from business operations: 10 (8.9) %
Outotec's interim report January-September 2013 will be published on October
30, 2013.
Outotec's sales funnel continues to be solid with a large number of sales
prospects. The company has not lost any large sales prospects. Demand for
services continues healthy.
For further information please contact:
OUTOTEC
Pertti Korhonen, CEO
Tel. +358 20 529 211
Mikko Puolakka, CFO
Tel. +358 20 529 2002
Emails: firstname.lastname(at)outotec.com
DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.outotec.com
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Source: Outotec Oyj via Thomson Reuters ONE
[HUG#1736272]
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Datum: 17.10.2013 - 08:35 Uhr
Sprache: Deutsch
News-ID 306643
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