Outotec's interim report January-March 2017
(Thomson Reuters ONE) -
OUTOTEC OYJ INTERIM REPORT MAY 4, 2017 AT 1:00 PM
INTERIM REPORT JANUARY-MARCH 2017
Significantly improved order intake
"Our first quarter order intake improved significantly from the comparison
period in 2016. The improvement reflects the more positive market sentiment in
the mining industry but also the low order intake in the comparison period. In
addition to equipment orders in minerals processing, we got some larger plant
orders in metals refining. We were also able to increase our service order
intake by 13%. Our profitability improved following savings on fixed costs and
higher sales volumes, but cash flow remained negative due to the backlog of
mature orders.
Our new organization, with a dedicated Services business unit operational since
April 1, helps us to further strengthen our capabilities in serving our
customers and winning new orders. We will continue working to restore the
Metals, Energy & Water segment's profitability and review our product portfolio
and strategy during the forthcoming months. Although our order intake improved
significantly from last year, and sentiment in the mining market has improved,
the timing of large plant orders is difficult to foresee," summarizes President
& CEO Markku Teräsvasara.
Q1 Q1 Change Change in Q1-Q4
Summary of key figures
EUR million 2017 2016 % comp. curr. % 2016
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Order intake 318.4 170.2 87 83 1,007.7
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Service order intake 115.1 101.9 13 8 443.3
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Order backlog at end of period 1,051.2 1,004.5 5 - 1,002.1
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Sales 267.7 239.8 12 7 1,057.9
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Service sales 98.7 114.1 -13 -18 447.0
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Gross margin, % 23.4 24.3 22.1
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Adjusted EBIT(1) 1.2 -4.8 -23.0
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Adjusted EBIT(1), % 0.4 -2.0 -2.2
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EBIT -0.8 -12.3 -67.7
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EBIT, % -0.3 -5.1 -6.4
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Net cash from operating activities -34.1 -33.6 -84.6
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Earnings per share, EUR -0.03 -0.07 -0.42
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(1 )Excluding restructuring and acquisition-related costs and PPA amortizations.
Financial guidance for 2017 reiterated in Q1
The guidance for 2017 is based on the current order backlog and market outlook,
as well as achieved cost savings.
* Sales are expected to be approximately EUR 1,050-1,150 million, and
* Adjusted EBIT* is expected to be approximately 3-5%
* Excluding restructuring and acquisition-related costs, as well as purchase
price allocation amortizations.
This text is a summary of Outotec's January-March 2017 Interim Report. The full
report is available as an attachment to this report.
FURTHER INFORMATION
Outotec Oyj
Markku Teräsvasara, CEO
Tel. +358 20 529 211
Jari Ålgars, CFO
Tel. +358 20 529 2007
Rita Uotila, Vice President - Investor Relations
Tel. +358 20 529 2003, mobile +358 400 954 141
Format for e-mail addresses: firstname.lastname(at)outotec.com
BRIEFING/TELECONFERENCE
Date: May 4, 2017
Time: 3:00 PM
Venue: Outotec House, Rauhalanpuisto 9, Espoo, Finland
Joining the teleconference
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DISTRIBUTION
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Main media
www.outotec.com
Outotec's interim report January-March 2017:
http://hugin.info/137025/R/2101728/796904.pdf
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: 04.05.2017 - 12:00 Uhr
Sprache: Deutsch
News-ID 540350
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contact information:
Town:
Espoo
Kategorie:
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