2013-10-18 12:00:00 CEST
2013-10-18 12:00:40 CEST
REGULATED INFORMATION
Outotec Oyj - Company Announcement
Outotec's restated segment information according to the new operational structure
OUTOTEC OYJ STOCK EXCHANGE RELEASE OCTOBER 18, 2013 AT 1.00 PM
OUTOTEC'S RESTATED SEGMENT INFORMATION ACCORDING TO THE NEW OPERATIONAL
STRUCTURE
As of July 1, 2013, Outotec's new IFRS 8 reporting segments are Metals, Energy &
Water and Minerals Processing. Service sales are reported on the Group level.
The restated figures for 2012 and for January-June 2013 are presented in the
tables below and in the attached file. Restatements for earlier periods have not
been made.
Main changes relating to the new segment reporting are:
* In the new segment reporting one segment is in charge of the customer
delivery and thus all related sales and costs of sales are directly
allocated to that segment. Previously, the customer delivery was reported
and allocated by technology leading to several intra-group transactions
between the segments.
* Based on the new operative reporting principles, costs related to share-
based incentive programs have been allocated to the reported segments.
Previously, these items were included in unallocated costs.
The January-September 2013 Interim report will be published on October, 30, 2013
All figures in the tables have been rounded and consequently the sum of
individual figures may deviate from the sum presented.
Restated reporting segment information
Q1 Q2 Q3 Q4 Q1-Q4 Q1 Q2 Q1-Q2
EUR million 2012 2012 2012 2012 2012 2013 2013 2013
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Sales
Metals, Energy & Water 241.5 282.9 276.2 360.7 1,161.2 287.8 288.3 576.1
Minerals Processing 168.9 242.1 226.8 288.2 926.0 215.3 223.0 438.3
Unallocated items(1))
and intra-group sales 0.1 -0.5 -0.1 0.9 0.2 -0.2 0.2 0.0
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Total 410.4 524.4 502.8 649.8 2,087.4 502.9 511.4 1,014.3
Operating profit
Metals, Energy & Water 15.4 20.6 10.6 24.6 71.3 15.9 25.1 41.0
Minerals Processing 15.7 24.8 30.6 50.9 122.0 21.8 15.5 37.3
Unallocated (2)) and
intra-group items -3.6 -4.5 -0.2 -0.6 -9.0 -6.0 -0.8 -6.8
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Total 27.6 40.8 41.0 74.9 184.3 31.7 39.9 71.5
Operating profit margin, %
Metals, Energy & Water 6.4 7.3 3.8 6.8 6.1 5.5 8.7 7.1
Minerals Processing 9.3 10.2 13.5 17.7 13.2 10.1 6.9 8.5
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Total 6.7 7.8 8.1 11.5 8.8 6.3 7.8 7.1
Operating profit from business operations (3) )
Metals, Energy & Water 17.8 23.5 13.4 20.6 75.2 18.2 27.5 45.7
Minerals Processing 16.5 25.5 31.5 54.1 127.6 22.8 16.6 39.4
Unallocated (2)) and
intra-group items -3.6 -4.5 -0.2 -0.6 -9.0 -6.0 -0.8 -6.8
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Total 30.6 44.5 44.7 74.0 193.8 35.0 43.3 78.3
Operating profit from business operations margin, % (1) )
Metals. Energy & Water 7.4 8.3 4.8 5.7 6.5 6.3 9.5 7.9
Minerals Processing 9.8 10.5 13.9 18.8 13.8 10.6 7.4 9.0
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Total 7.5 8.5 8.9 11.4 9.3 7.0 8.5 7.7
Purchase price allocation (PPA) depreciations
Metals, Energy & Water -2.3 -2.4 -2.5 -2.4 -9.6 -2.3 -2.4 -4.7
Minerals Processing -0.7 -0.6 -0.7 -0.9 -2.9 -0.9 -1.0 -1.9
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Total -3.0 -3.0 -3.2 -3.3 -12.5 -3.3 -3.3 -6.6
Major non-recurring items in operating profit
Metals, Energy & Water 0.0 -0.6 -0.3 6.5 5.7 0.0 0.0 0.0
Minerals Processing -0.1 -0.1 -0.3 -2.2 -2.7 -0.0 -0.1 -0.2
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Total -0.1 -0.7 -0.5 4.3 3.0 -0.0 -0.1 -0.2
FX impact (unrealized and realized exchange gains and losses related to currency
forward contracts)
Metals, Energy & Water 0.0 -2.1 1.8 1.2 0.9 0.3 0.7 1.0
Minerals Processing 0.3 -1.7 1.4 0.8 0.8 1.2 1.2 2.4
Unallocated (2)) and
intra-group items -0.3 -0.0 0.3 0.3 0.4 -0.1 0.1 -0.0
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Total -0.0 -3.7 3.6 2.3 2.1 1.4 1.9 3.3
(1)) Unallocated items primarily include invoicing of group management and
administrative services.(
2)) Unallocated items primarily include group management and administrative
services.(
3)) Excluding one-time items and purchase price allocations (PPA) amortizations.
Previous reporting segment information
Q1 Q2 Q3 Q4 Q1-Q4 Q1 Q2 Q1-Q2
EUR million 2012 2012 2012 2012 2012 2013 2013 2013
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Sales
Non-ferrous Solutions 260.7 335.9 312.5 396.5 1,305.5 290.9 285.8 576.7
Ferrous Solutions 70.0 81.8 92.9 126.4 371.2 124.3 130.6 254.9
Energy, Light Metals and
Environmental Solutions 85.9 106.8 100.1 134.1 427.0 90.0 100.6 190.5
Unallocated items (1)) and
intra-group sales -6.2 0.0 -2.7 -7.3 -16.3 -2.3 -5.5 -7.8
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Total 410.4 524.4 502.8 649.8 2,087.4 502.9 511.4 1 014.3
Operating profit
Non-ferrous Solutions 25.4 35.0 33.7 63.4 157.5 25.3 15.5 40.7
Ferrous Solutions 5.5 2.2 9.9 12.5 30.0 8.2 19.9 28.1
Energy, Light Metals and
Environmental Solutions 3.8 7.3 0.6 8.6 20.3 6.5 8.1 14.6
Unallocated (2)) and intra-
group items -7.2 -3.6 -3.2 -9.5 -23.5 -8.3 -3.7 -12.0
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Total 27.6 40.8 41.0 74.9 184.3 31.7 39.9 71.5
Operating profit margin, %
Non-ferrous Solutions 9.7 10.4 10.8 16.0 12.1 8.7 5.4 7.1
Ferrous Solutions 7.8 2.6 10.7 9.9 8.1 6.6 15.3 11.0
Energy, Light Metals and
Environmental Solutions 4.5 6.9 0.6 6.4 4.8 7.2 8.1 7.7
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Total 6.7 7.8 8.1 11.5 8.8 6.3 7.8 7.1
Operating profit from business operations (3) )
Non-ferrous Solutions 26.3 36.0 34.8 66.1 163.2 26.4 16.8 43.1
Ferrous Solutions 5.5 2.7 10.2 13.0 31.4 8.3 20.0 28.2
Energy, Light Metals and
Environmental Solutions 6.0 9.5 2.8 4.4 22.6 8.6 10.2 18.9
Unallocated (2)) and intra-
group items -7.2 -3.6 -3.2 -9.5 -23.5 -8.3 -3.7 -12.0
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Total 30.6 44.5 44.7 74.0 193.8 35.0 43.3 78.3
Operating profit from business operations margin, % (3) )
Non-ferrous Solutions 10.1 10.7 11.1 16.7 12.5 9.1 5.9 7.5
Ferrous Solutions 7.8 3.3 11.0 10.3 8.5 6.6 15.3 11.1
Energy, Light Metals and
Environmental Solutions 6.9 8.9 2.8 3.3 5.3 9.6 10.2 9.9
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Total 7.5 8.5 8.9 11.4 9.3 7.0 8.5 7.7
Purchase price allocation (PPA) depreciations
Non-ferrous Solutions -0.9 -0.8 -0.9 -1.1 -3.7 -1.1 -1.1 -2.2
Ferrous Solutions - - -0.1 -0.1 -0.2 -0.1 -0.1 -0.1
Energy, Light Metals and
Environmental Solutions -2.1 -2.2 -2.2 -2.2 -8.6 -2.1 -2.1 -4.2
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Total -3.0 -3.0 -3.2 -3.3 -12.5 -3.3 -3.3 -6.6
Major non-recurring items in operating profit (one-time items)
Non-ferrous Solutions - -0.2 -0.3 -1.6 -2.1 - -0.2 -0.2
Ferrous Solutions - -0.6 -0.2 -0.5 -1.3 - - -
Energy, Light Metals and
Environmental Solutions - - - 6.3 6.3 - - -
Unallocated items -0.1 0.1 - - - -0.0 0.0 -
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Total -0.1 -0.7 -0.5 4.3 3.0 -0.0 -0.1 -0.2
FX impact (unrealized and realized exchange gains and losses related to currency
forward contracts)
Non-ferrous Solutions 0.9 -1.8 2.0 0.8 1.8 2.0 0.7 2.7
Ferrous Solutions -0.1 -0.3 0.2 0.8 0.6 -1.0 0.7 -0.2
Energy, Light Metals and
Environmental Solutions -0.5 -1.5 1.1 0.4 -0.6 0.4 0.5 0.9
Unallocated (2)) and intra-
group items -0.3 -0.0 0.3 0.3 0.4 -0.1 0.1 -0.0
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Total -0.0 -3.7 3.6 2.3 2.1 1.4 1.9 3.3
(1)) Unallocated items primarily include invoicing of group management and
administrative services.(
2)) Unallocated items primarily include group management and administrative
services.(
3)) Excluding one-time items and purchase price allocations (PPA) amortizations.
OUTOTEC OYJ
Rita Uotila, Vice President - Investor Relations
tel. +358 20 529 2003, mobile +358 400 954 141
e-mail: rita.uotila(at)outotec.com
DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Main media
www.outotec.com
[HUG#1736653]
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