Outotec's Capital Markets Day 2016 - Strategic focus and updated long-term financial targets
OUTOTEC OYJ STOCK EXCHANGE RELEASE JUNE 7, 2016 AT 8.00 AM
Outotec's Capital Markets Day 2016 - Strategic focus and updated long-term financial targets
Outotec is hosting today Capital Markets Day 2016 for portfolio managers and analysts starting at 8:15 AM (EEST) in Espoo, Finland. The materials presented are available in the morning of June 7, 2016 and the video recording of the event on the following day at www.outotec.com/investors.
Outotec's strategy focuses on improving customers' performance with leading technologies and services. The Executive Management will present the strategy and actions for improved profitability and growth.
The day will include the following presentations:
- Strategy review, CEO Pertti Korhonen
- Review of financial performance and targets, CFO Jari Ålgars
- Keynote: Market outlook and customer challenges, Ian W. Pearce, Founding Partner of X2 Resources, Member of Outotec Board of Directors
- Service business growth, EVP - Markets Unit, Adel Hattab
- Minerals Processing business, EVP - Minerals Processing, Kalle Härkki
- Metals, Energy & Water business, EVP - Metals, Energy & Water, Jyrki Makkonen (acting)
Long-term financial targets
Outotec has updated its long-term financial targets (announced on November 27, 2014) to reflect the changed market situation. The growth targets and the time schedule for reaching the profitability target have been adjusted. The dividend target has been omitted. The updated long-term financial targets are:
- Sales growing faster than the market
- Annual average service sales growth 5-15% (previously 10-20%)
- Reach 10% adjusted EBIT margin by 2020 (previously 3-5 years from 2015)
- Gearing at maximum 50%
OUTOTEC OYJ
Rita Uotila
Vice President - Investor Relations
tel.: +358 20 529 2003, mobile: +358 400 954141
e-mail rita.uotila(at)outotec.com
DISTRIBUTION
NASDAQ Helsinki
Main media
www.outotec.com