Outotec lowers its financial guidance regarding sales and operating profit margin for 2013. There are several factors contributing to the lower sales guidance. The macroeconomic uncertainty has continued which has slowed down customers’ capex investments. Also some projects have progressed slower than expected due to delays in customer payments. In addition, one project (EUR 30 million) in order backlog was cancelled in September. The lower sales volume is the main reason for lowering the operating profit margin guidance for 2013.
New financial guidance:
Outotec expects its sales be approximately EUR 1.9-2.1 billion and operating profit margin from business operations*) be approximately 8.5-9.5% in 2013.
*) Excluding one-time items and purchase price allocations (PPA) amortizations
Previous financial guidance:
Based on the strong order backlog, current market outlook and customer tendering activity, the management expects that in 2013:
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Sales will be approximately EUR 2.1-2.3 billion, and
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Operating profit margin from business operations*) will be approximately 9.5-10.5%
*) Excluding one-time items and purchase price allocations (PPA) amortizations
Preliminary Q1-Q3 2013 financial information
Outotec’s preliminary financial information for January- September 2013 (2012)
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Order intake: EUR 1,086 (1,613.2) million
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Sales: EUR 1,454 (1,437.6) million
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Operating profit from business operations: EUR 122 (119.8) million
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Operating profit margin from business operations: 8.4 (8.3) %
Outotec’s preliminary financial information for July-September 2013 (2012)
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Order intake: EUR 229 (452.4) million
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Sales: EUR 440 (502.8) million
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Operating profit from business operations: EUR 44 (44.7) million
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Operating profit margin from business operations: 10 (8.9) %
Outotec’s interim report January-September 2013 will be published on October 30, 2013.
Outotec’s sales funnel continues to be solid with a large number of sales prospects. The company has not lost any large sales prospects. Demand for services continues healthy.
Outotec provides leading technologies and services for the sustainable use of Earth’s natural resources. As the global leader in minerals and metals processing technology, Outotec has developed many breakthrough technologies over the decades. The company also provides innovative solutions for industrial water treatment, the utilization of alternative energy sources and the chemical industry. Outotec shares are listed on NASDAQ OMX Helsinki. www.outotec.com