Home News 2017 Outotec's interim report January-March 2017
Stock Exchange Release May 4, 2017 01:00:00 PM CET

Outotec's interim report January-March 2017

OUTOTEC OYJ INTERIM REPORT MAY 4, 2017 AT 1:00 PM  

INTERIM REPORT JANUARY-MARCH 2017  

Significantly improved order intake

"Our first quarter order intake improved significantly from the comparison period in 2016. The improvement reflects the more positive market sentiment in the mining industry but also the low order intake in the comparison period. In addition to equipment orders in minerals processing, we got some larger plant orders in metals refining. We were also able to increase our service order intake by 13%. Our profitability improved following savings on fixed costs and higher sales volumes, but cash flow remained negative due to the backlog of mature orders.

Our new organization, with a dedicated Services business unit operational since April 1, helps us to further strengthen our capabilities in serving our customers and winning new orders. We will continue working to restore the Metals, Energy & Water segment's profitability and review our product portfolio and strategy during the forthcoming months. Although our order intake improved significantly from last year, and sentiment in the mining market has improved, the timing of large plant orders is difficult to foresee," summarizes President & CEO Markku Teräsvasara.


Summary of key figures
Q1 Q1 Change Change in Q1-Q4
EUR million 2017 2016 % comp. curr. % 2016
Order intake 318.4 170.2 87 83 1,007.7
Service order intake 115.1 101.9 13 8 443.3
Order backlog at end of period 1,051.2 1,004.5 5 - 1,002.1
Sales 267.7 239.8 12 7 1,057.9
Service sales 98.7 114.1 -13 -18 447.0
Gross margin, % 23.4 24.3     22.1
Adjusted EBIT1 1.2 -4.8     -23.0
Adjusted EBIT1, % 0.4 -2.0     -2.2
EBIT -0.8 -12.3     -67.7
EBIT, % -0.3 -5.1     -6.4
Net cash from operating activities -34.1 -33.6     -84.6
Earnings per share, EUR -0.03 -0.07     -0.42

1 Excluding restructuring and acquisition-related costs and PPA amortizations.

Financial guidance for 2017 reiterated in Q1

The guidance for 2017 is based on the current order backlog and market outlook, as well as achieved cost savings.

  • Sales are expected to be approximately EUR 1,050-1,150 million, and
  • Adjusted EBIT* is expected to be approximately 3-5%

* Excluding restructuring and acquisition-related costs, as well as purchase price allocation amortizations.

This text is a summary of Outotec's January-March 2017 Interim Report. The full report is available as an attachment to this report.

FURTHER INFORMATION

Outotec Oyj

Markku Teräsvasara, CEO
Tel. +358 20 529 211

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: May 4, 2017

Time: 3:00 PM

Venue: Outotec House, Rauhalanpuisto 9, Espoo, Finland

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DISTRIBUTION

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