Outotec lowers its profitability guidance for 2016
(Thomson Reuters ONE) -
OUTOTEC OYJ STOCK EXCHANGE RELEASE DECEMBER 20, 2016 at 5:00 PM
Outotec lowers its profitability guidance for 2016
Outotec lowers its profitability guidance for 2016 due to increased risk
provision. As previously communicated, Outotec has had challenges in a few
projects in the Metals, Energy & Water segment.
Resolving the remaining project issues especially in one large project has
proven to be more challenging than expected. Due to this Outotec will make an
additional EUR 40 million risk provision and thus Outotec's adjusted EBIT margin
for 2016 is expected to be negative (previously 2-3%).
For further information, please contact:
OUTOTEC OYJ
Markku Teräsvasara, CEO
Tel. +358 20 529 211
Jari Ålgars, CFO
Tel. +358 20 529 2007
DISTRIBUTION:
NASDAQ Helsinki
Main media
www.outotec.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Outotec Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 20.12.2016 - 16:00 Uhr
Sprache: Deutsch
News-ID 514111
Anzahl Zeichen: 1379
contact information:
Town:
Espoo
Kategorie:
Business News
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