OUTOTEC OYJ STOCK EXCHANGE RELEASE September 18, 2017 AT 10.00 AM
Outotec's long-term financial targets
Outotec reiterates its long-term financial targets (announced on June 7, 2016) for sales growth, profitability and gearing, while the target for service sales growth has been revised.
The long-term financial targets are:
- Sales growth faster than the market
- Annual average service sales growth over 10% (previously 5-15%)
- Profitability (adjusted EBIT) 10% of sales by 2020
- Gearing at maximum 50%
Outotec is hosting 2017 Capital Markets Day (CMD) for portfolio managers as well as sell and buy side analysts on September 21 at 1.30 PM (EEST) at Outotec House, Espoo, Finland. Outotec's top management will present the company's strategy and a roadmap for achieving its financial targets. Examples of resource efficient and sustainable customer solutions as well as service deliveries will be presented as part of the segments' presentations. The event will be webcasted live, for more information, please visit www.outotec.com/investors.
President & CEO
Tel. +358 20 529 2000