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2017-11-02 08:00:00 CET 2017-11-02 08:00:31 CET BIRTINGARSKYLDAR UPPLÝSNINGAR Outotec Oyj - Interim report (Q1 and Q3)Outotec's interim report January-September 2017OUTOTEC OYJ INTERIM REPORT NOVEMBER 2, 2017 AT 9:00 AM INTERIM REPORT JANUARY - SEPTEMBER 2017 Sales and profitability improved, recovery of Metals, Energy & Water still pending "The minerals and metals processing market is slowly improving. Our order intake in the reporting period increased by 16% and service orders by 10% from last year. The third quarter order intake, however, was lower than last year due to the timing of larger orders. Smaller equipment and service orders continued to increase. Our total sales and service sales increased year on year. In the third quarter, sales grew by 10% and service sales by 13%. Our profitability improved significantly, due to increased sales and reduced fixed costs. Minerals Processing improved its sales and profitability, and the segment's adjusted EBIT margin reached 10.4% in the third quarter. The Metals, Energy & Water result improved but remained negative. We are continuing to take action to make this segment profitable again. We recently announced our plans to outsource part of the segment's engineering activities, which will bring workforce flexibility. The demand for most metals is expected to continue strong, and we see many attractive business opportunities. We will continue to further strengthen our capabilities in serving our customers and our large installed base. The timing of large plant orders is, however, still difficult to foresee," summarizes President & CEO Markku Teräsvasara. Summary of key figures Q3 Q3 Q1-Q3 Q1-Q3 Q1-Q4 EUR million 2017 2016 %(1) %(2) 2017 2016 %(1) %(2) 2016 -------------------------------------------------------------------------------- Order intake 234.2 274.1 -15 -15 838.8 725.0 16 13 1,007.7 -------------------------------------------------------------------------------- Service order intake 123.5 121.4 2 3 369.4 335.5 10 7 443.3 -------------------------------------------------------------------------------- Order backlog at end of period 973.7 1,029.7 -5 - 973.7 1,029.7 -5 - 1,002.1 -------------------------------------------------------------------------------- Sales 270.4 245.2 10 12 810.3 752.5 8 6 1,057.9 -------------------------------------------------------------------------------- Service sales 119.5 105.3 13 14 329.2 319.6 3 0 447.0 -------------------------------------------------------------------------------- Gross margin, % 24.0 23.5 23.3 24.7 22.1 -------------------------------------------------------------------------------- Adjusted EBIT(3) 12.6 1.6 16.1 1.7 -23.0 -------------------------------------------------------------------------------- Adjusted EBIT(3), % 4.7 0.7 2.0 0.2 -2.2 -------------------------------------------------------------------------------- EBIT 10.6 -1.2 10.6 -14.3 -67.7 -------------------------------------------------------------------------------- EBIT, % 3.9 -0.5 1.3 -1.9 -6.4 -------------------------------------------------------------------------------- Net cash from operating activities 27.2 -23.1 -7.3 -72.7 -84.6 -------------------------------------------------------------------------------- Earnings per share, EUR 0.02 -0.03 -0.02 -0.12 -0.42 -------------------------------------------------------------------------------- (1 )Change, % (2 )Change in comparable currencies, % (3 )Excluding restructuring and acquisition-related items and PPA amortizations. Financial guidance for 2017 reiterated 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% * Excluding restructuring and acquisition-related items, as well as purchase price allocation amortizations. This text is a summary of Outotec's January-September 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 2000 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: November 2, 2017 Time: 2:00 PM EET Venue: Outotec House, Rauhalanpuisto 9, Espoo, Finland Joining the teleconference To register as a participant for the teleconference and Q&A session, please dial in 5 to 10 minutes before the beginning of the event using the numbers below. The contact information is gathered for registration purposes only and it is not used for commercial purposes. Dial in numbers: Finland +358 (0)9 7479 0361 Sweden +46 (0)8 5033 6574 United Kingdom +44 (0)330 336 9105 United States +1 719-457-1036 Confirmation Code: 6217383 DISTRIBUTION Nasdaq Helsinki Main media www.outotec.com [] |
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