Home News 2008 Outotec revises its order backlog guidance for 2008: year-end order backlog to be approximately EUR 1,200 million, sales and operating profit guidance unchanged
December 17, 2008 08:30:00 AM CET

Outotec revises its order backlog guidance for 2008: year-end order backlog to be approximately EUR 1,200 million, sales and operating profit guidance unchanged

OUTOTEC OYJ STOCK EXCHANGE RELEASE  17 DECEMBER 2008 AT 8.30 AM

Outotec revises its order backlog guidance for 2008: year-end order
backlog to be approximately EUR 1,200 million, sales and operating
profit guidance unchanged

Increased uncertainty in general financial conditions in October and
November have significantly hindered Outotec's customers' ability to
arrange financing. Several customers have put on hold large
investments until the market exhibits a pattern of stability before
they continue with their final decision-making. As a result of this
situation Outotec's management expects that the company's year-end
2008 order backlog will be approximately EUR 1,200 million. Previous
guidance was that the closing order backlog for 2008 is estimated to
exceed that of the previous year-end (2007: EUR 1,317.2 million). The
guidance for sales and operating profit remains unchanged.

Order intake

In October and November Outotec has received new orders worth EUR 78
million, which includes additional orders from Southern Peru Copper
Corporation for the Tía María project in Peru announced in July 2008.
In December, Outotec announced an order for the Siilinjärvi phosphate
concentrator expansion (EUR 28 million) for Yara in Finland.

Order backlog

Outotec's order backlog is solid, which gives a strong platform for
2009. There have been a negligible number of order cancellations so
far. In a few projects, there are ongoing negotiations regarding the
timing of the project execution and delivery times. At the end of
November 2008 order backlog included 25 projects with a value in
excess of EUR 10 million, accounting for 62% of the total backlog.
Mining and metallurgical companies, which are developing their first
processing plant, account for roughly 3% of Outotec's backlog.

Revised outlook for 2008

- Sales are estimated to be approximately EUR 1,200 million (2007:
EUR 1,000.1 million).
- Operating profit is estimated to be approximately EUR 120 million
(2007: EUR 96.1 million).
- The closing order backlog for 2008 is estimated to be approximately
EUR 1,200 million (2007: EUR 1,317.2 million).

Outotec will give more accurate information on the 2009 outlook on
Friday, January 30, 2009 in connection with the financial statements
review for January-December 2008.


For more information, please contact:

OUTOTEC OYJ

Vesa-Pekka Takala, CFO
tel. +358 20 529 211, mobile +358 40 5700074
vesa-pekka.takala(at)outotec.com

Rita Uotila, Vice President - Investor Relations
tel. +358 20 529 2003, mobile +358 400 954141
rita.uotila(at)outotec.com

Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, mobile +358 400 817198
eila.paatela(at)outotec.com


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