Outotec changes its financial guidance for 2017
(Thomson Reuters ONE) -
OUTOTEC OYJ STOCK EXCHANGE RELEASE JULY 25, 2017 at 2:35 PM
Outotec changes its financial guidance for 2017
Outotec Oyj's Board of Directors has today decided to revise upwards the
company's financial guidance for 2017 Sales due to good order intake in the
first half of the year. At the same time, the guidance range for the adjusted
EBIT is narrowed due to continued challenges in the Metals, Energy & Water
segment.
New guidance
The guidance for 2017 is based on the current order backlog and market outlook
as well as further cost savings.
· Sales are expected to be approximately EUR 1,100 - 1,200 million, and
· Adjusted EBIT* is expected to be approximately 3 - 4%
Previous guidance
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.
Outotec will report its Half year Financial Report 2017 on July 27, 2017.
OUTOTEC OYJ
BOARD OF DIRECTORS
For further information, please contact:
Markku Teräsvasara, President & CEO
Tel. +358 20 529 2000
Email: firstname.lastname(at)outotec.com
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: 25.07.2017 - 13:35 Uhr
Sprache: Deutsch
News-ID 553797
Anzahl Zeichen: 2097
contact information:
Town:
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Kategorie:
Business News
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