Home News 2013 Outotec's restated segment information according to the new operational structure
Stock Exchange Release October 18, 2013 01:00:00 PM CET

Outotec's restated segment information according to the new operational structure

OUTOTEC OYJ   STOCK EXCHANGE RELEASE   OCTOBER 18, 2013 AT 1.00 PM

OUTOTEC'S RESTATED SEGMENT INFORMATION ACCORDING TO THE NEW OPERATIONAL STRUCTURE

As of July 1, 2013, Outotec's new IFRS 8 reporting segments are Metals, Energy & Water and Minerals Processing. Service sales are reported on the Group level.

The restated figures for 2012 and for January-June 2013 are presented in the tables below and in the attached file. Restatements for earlier periods have not been made.

Main changes relating to the new segment reporting are:

  • In the new segment reporting one segment is in charge of the customer delivery and thus all related sales and costs of sales are directly allocated to that segment. Previously, the customer delivery was reported and allocated by technology leading to several intra-group transactions between the segments.
  • Based on the new operative reporting principles, costs related to share-based incentive programs have been allocated to the reported segments. Previously, these items were included in unallocated costs.

The January-September 2013 Interim report will be published on October, 30, 2013

All figures in the tables have been rounded and consequently the sum of individual figures may deviate from the sum presented.

Restated reporting segment information
Q1 Q2 Q3 Q4 Q1-Q4 Q1 Q2 Q1-Q2
EUR million 2012 2012 2012 2012 2012 2013 2013 2013
Sales
Metals, Energy & Water 241.5 282.9 276.2 360.7 1,161.2 287.8 288.3 576.1
Minerals Processing 168.9 242.1 226.8 288.2 926.0 215.3 223.0 438.3
Unallocated items1) and intra-group sales 0.1 -0.5 -0.1 0.9 0.2 -0.2 0.2 0.0
Total 410.4 524.4 502.8 649.8 2,087.4 502.9 511.4 1,014.3
Operating profit
Metals, Energy & Water 15.4 20.6 10.6 24.6 71.3 15.9 25.1 41.0
Minerals Processing 15.7 24.8 30.6 50.9 122.0 21.8 15.5 37.3
Unallocated 2) and intra-group items -3.6 -4.5 -0.2 -0.6 -9.0 -6.0 -0.8 -6.8
Total 27.6 40.8 41.0 74.9 184.3 31.7 39.9 71.5
Operating profit margin, %
Metals, Energy & Water 6.4 7.3 3.8 6.8 6.1 5.5 8.7 7.1
Minerals Processing 9.3 10.2 13.5 17.7 13.2 10.1 6.9 8.5
Total 6.7 7.8 8.1 11.5 8.8 6.3 7.8 7.1
Operating profit from business operations 3)
Metals, Energy & Water 17.8 23.5 13.4 20.6 75.2 18.2 27.5 45.7
Minerals Processing 16.5 25.5 31.5 54.1 127.6 22.8 16.6 39.4
Unallocated 2) and intra-group items -3.6 -4.5 -0.2 -0.6 -9.0 -6.0 -0.8 -6.8
Total 30.6 44.5 44.7 74.0 193.8 35.0 43.3 78.3
Operating profit from business operations margin, % 1)
Metals. Energy & Water 7.4 8.3 4.8 5.7 6.5 6.3 9.5 7.9
Minerals Processing 9.8 10.5 13.9 18.8 13.8 10.6 7.4 9.0
Total 7.5 8.5 8.9 11.4 9.3 7.0 8.5 7.7
Purchase price allocation (PPA) depreciations
Metals, Energy & Water -2.3 -2.4 -2.5 -2.4 -9.6 -2.3 -2.4 -4.7
Minerals Processing -0.7 -0.6 -0.7 -0.9 -2.9 -0.9 -1.0 -1.9
Total -3.0 -3.0 -3.2 -3.3 -12.5 -3.3 -3.3 -6.6
Major non-recurring items in operating profit
Metals, Energy & Water 0.0 -0.6 -0.3 6.5 5.7 0.0 0.0 0.0
Minerals Processing -0.1 -0.1 -0.3 -2.2 -2.7 -0.0 -0.1 -0.2
Total -0.1 -0.7 -0.5 4.3 3.0 -0.0 -0.1 -0.2
FX impact (unrealized and realized exchange gains and losses related to currency forward contracts)
Metals, Energy & Water 0.0 -2.1 1.8 1.2 0.9 0.3 0.7 1.0
Minerals Processing 0.3 -1.7 1.4 0.8 0.8 1.2 1.2 2.4
Unallocated 2) and intra-group items -0.3 -0.0 0.3 0.3 0.4 -0.1 0.1 -0.0
Total -0.0 -3.7 3.6 2.3 2.1 1.4 1.9 3.3


1) Unallocated items primarily include invoicing of group management and administrative services.
2)
Unallocated items primarily include group management and administrative services.
3)
Excluding one-time items and purchase price allocations (PPA) amortizations.

Previous reporting segment information
  Q1 Q2 Q3 Q4 Q1-Q4 Q1 Q2 Q1-Q2
EUR million 2012 2012 2012 2012 2012 2013 2013 2013
Sales                
Non-ferrous Solutions 260.7 335.9 312.5 396.5 1,305.5 290.9 285.8 576.7
Ferrous Solutions 70.0 81.8 92.9 126.4 371.2 124.3 130.6 254.9
Energy, Light Metals and Environmental Solutions 85.9 106.8 100.1 134.1 427.0 90.0 100.6 190.5
Unallocated items 1) and intra-group sales -6.2 0.0 -2.7 -7.3 -16.3 -2.3 -5.5 -7.8
Total 410.4 524.4 502.8 649.8 2,087.4 502.9 511.4 1 014.3
                 
Operating profit                
Non-ferrous Solutions 25.4 35.0 33.7 63.4 157.5 25.3 15.5 40.7
Ferrous Solutions 5.5 2.2 9.9 12.5 30.0 8.2 19.9 28.1
Energy, Light Metals and Environmental Solutions 3.8 7.3 0.6 8.6 20.3 6.5 8.1 14.6
Unallocated 2) and intra-group items -7.2 -3.6 -3.2 -9.5 -23.5 -8.3 -3.7 -12.0
Total 27.6 40.8 41.0 74.9 184.3 31.7 39.9 71.5
                 
Operating profit margin, %
Non-ferrous Solutions 9.7 10.4 10.8 16.0 12.1 8.7 5.4 7.1
Ferrous Solutions 7.8 2.6 10.7 9.9 8.1 6.6 15.3 11.0
Energy, Light Metals and Environmental Solutions 4.5 6.9 0.6 6.4 4.8 7.2 8.1 7.7
Total 6.7 7.8 8.1 11.5 8.8 6.3 7.8 7.1
                 
Operating profit from business operations 3)
Non-ferrous Solutions 26.3 36.0 34.8 66.1 163.2 26.4 16.8 43.1
Ferrous Solutions 5.5 2.7 10.2 13.0 31.4 8.3 20.0 28.2
Energy, Light Metals and Environmental Solutions 6.0 9.5 2.8 4.4 22.6 8.6 10.2 18.9
Unallocated 2) and intra-group items -7.2 -3.6 -3.2 -9.5 -23.5 -8.3 -3.7 -12.0
Total 30.6 44.5 44.7 74.0 193.8 35.0 43.3 78.3
                 
Operating profit from business operations margin, % 3)
Non-ferrous Solutions 10.1 10.7 11.1 16.7 12.5 9.1 5.9 7.5
Ferrous Solutions 7.8 3.3 11.0 10.3 8.5 6.6 15.3 11.1
Energy, Light Metals and Environmental Solutions 6.9 8.9 2.8 3.3 5.3 9.6 10.2 9.9
Total 7.5 8.5 8.9 11.4 9.3 7.0 8.5 7.7
                 
Purchase price allocation (PPA) depreciations
Non-ferrous Solutions -0.9 -0.8 -0.9 -1.1 -3.7 -1.1 -1.1 -2.2
Ferrous Solutions - - -0.1 -0.1 -0.2 -0.1 -0.1 -0.1
Energy, Light Metals and Environmental Solutions -2.1 -2.2 -2.2 -2.2 -8.6 -2.1 -2.1 -4.2
Total -3.0 -3.0 -3.2 -3.3 -12.5 -3.3 -3.3 -6.6
                 
Major non-recurring items in operating profit (one-time items)
Non-ferrous Solutions - -0.2 -0.3 -1.6 -2.1 - -0.2 -0.2
Ferrous Solutions - -0.6 -0.2 -0.5 -1.3 - - -
Energy, Light Metals and Environmental Solutions - - - 6.3 6.3 - - -
Unallocated items -0.1 0.1 - - - -0.0 0.0 -
Total -0.1 -0.7 -0.5 4.3 3.0 -0.0 -0.1 -0.2
                 
FX impact (unrealized and realized exchange gains and losses related to currency forward contracts)
Non-ferrous Solutions 0.9 -1.8 2.0 0.8 1.8 2.0 0.7 2.7
Ferrous Solutions -0.1 -0.3 0.2 0.8 0.6 -1.0 0.7 -0.2
Energy, Light Metals and Environmental Solutions -0.5 -1.5 1.1 0.4 -0.6 0.4 0.5 0.9
Unallocated 2) and intra-group items -0.3 -0.0 0.3 0.3 0.4 -0.1 0.1 -0.0
Total -0.0 -3.7 3.6 2.3 2.1 1.4 1.9 3.3


1) Unallocated items primarily include invoicing of group management and administrative services.
2)
Unallocated items primarily include group management and administrative services.
3)
Excluding one-time items and purchase price allocations (PPA) amortizations.

OUTOTEC OYJ

Rita Uotila, Vice President - Investor Relations
tel. +358 20 529 2003, mobile +358 400 954 141
e-mail: rita.uotila(at)outotec.com

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