Outotec Oyj - Interim report (Q1 and Q3)

Outotec's interim report January-March 2017

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
-------------------------------------------------------------------------------
Order intake                         318.4   170.2     87            83 1,007.7
-------------------------------------------------------------------------------
Service order intake                 115.1   101.9     13             8   443.3
-------------------------------------------------------------------------------
Order backlog at end of period     1,051.2 1,004.5      5             - 1,002.1
-------------------------------------------------------------------------------
Sales                                267.7   239.8     12             7 1,057.9
-------------------------------------------------------------------------------
Service sales                         98.7   114.1    -13           -18   447.0
-------------------------------------------------------------------------------
Gross margin, %                       23.4    24.3                         22.1
-------------------------------------------------------------------------------
Adjusted EBIT(1)                       1.2    -4.8                        -23.0
-------------------------------------------------------------------------------
Adjusted EBIT(1), %                    0.4    -2.0                         -2.2
-------------------------------------------------------------------------------
EBIT                                  -0.8   -12.3                        -67.7
-------------------------------------------------------------------------------
EBIT, %                               -0.3    -5.1                         -6.4
-------------------------------------------------------------------------------
Net cash from operating activities   -34.1   -33.6                        -84.6
-------------------------------------------------------------------------------
Earnings per share, EUR              -0.03   -0.07                        -0.42
-------------------------------------------------------------------------------

(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@outotec.com

BRIEFING/TELECONFERENCE

Date: May 4, 2017

Time: 3:00 PM

Venue: Outotec House, Rauhalanpuisto 9, Espoo, Finland

Joining the teleconference

To register as a participant, please dial in 5 to 10 minutes before using the
confirmation code and numbers below.

Confirmation Code: 3638376
Sweden: +46 (0)8 5033 6574
UK: +44 (0)330 336 9105
US: +1 719 457 1036
Finland: +358 (0)9 7479 0361

DISTRIBUTION

Nasdaq Helsinki
Main media
www.outotec.com




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Priedai:

Outotec s interim report January-March 2017.pdf