OUTOTEC OYJ STOCK EXCHANGE RELEASE DECEMBER 20, 2016 at 5:00 PM
Outotec lowers its profitability guidance for 2016
Outotec lowers its profitability guidance for 2016 due to increased risk provision. As previously communicated, Outotec has had challenges in a few projects in the Metals, Energy & Water segment.
Resolving the remaining project issues especially in one large project has proven to be more challenging than expected. Due to this Outotec will make an additional EUR 40 million risk provision and thus Outotec's adjusted EBIT margin for 2016 is expected to be negative (previously 2-3%).
For further information, please contact:
Markku Teräsvasara, CEO
Tel. +358 20 529 211
Jari Ålgars, CFO
Tel. +358 20 529 2007