Outotec lowers its profitability guidance for 2016
HELSINKI, 20-Dec-2016 — /EuropaWire/ — Outotec lowers its profitability guidance for 2016 due to increased risk provision. As previously communicated, Outotec has had challenges in a few projects in the Metals, Energy & Water segment.
Resolving the remaining project issues especially in one large project has proven to be more challenging than expected. Due to this Outotec will make an additional EUR 40 million risk provision and thus Outotec’s adjusted EBIT margin for 2016 is expected to be negative (previously 2-3%).
SOURCE: OUTOTEC OYJ
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Markku Teräsvasara, CEO
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Jari Ålgars, CFO
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