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Outotec Oyj (OTE1V.HE)

OTE1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Outotec to streamline certain units in Finland and Germany
Thursday, 17 Nov 2016 07:05am EST 

Outotec Oyj : Starts employee cooperation negotiations to streamline certain units in Finland and Germany . Restructuring may lead to reduction of maximum 60 permanent employees working for Metals, Energy & Water business unit in Finland . Of these planned reductions, maximum 40 are in Turula manufacturing facility to adjust resources to low workload and streamline operations . In Germany, restructuring may lead to reduction of aabout 100 permanent positions .In total, restructuring may lead to reduction of maximum 200 employees globally.  Full Article

Outotec reports Q3 EBIT loss of EUR 1.2 mln
Friday, 28 Oct 2016 06:00am EDT 

Outotec Oyj : Q3 order intake 274 million euros ($298.96 million) (Reuters poll eur 271 million) . Q3 sales 245 million euros (Reuters poll eur 268 million) . Q3 EBIT loss EUR 1.2 million (Reuters poll profit 6.9 million euros) . Financial guidance narrowed .Expects 2016 sales will be approximately 1.0-1.1 billion euros.  Full Article

Outotec to deliver modular flotation cPlant to Saudi Arabia
Friday, 14 Oct 2016 04:00am EDT 

Outotec Oyj : Says to deliver a modular flotation cPlant to Saudi Arabia .Value of order, nearly 10 million euros ($11.20 million), has been booked in Outotec's 2016 Q3 order intake.  Full Article

Outotec partners with German co Thermo-System
Thursday, 15 Sep 2016 07:00am EDT 

Outotec Oyj : Partners with German company Thermo-System GmbH to deliver thermal processing solutions for nutrient recycling .With partnership will get exclusive rights to market Thermo-System's low-energy drying method in connection with Outotec's thermal processing solutions in Scandinavia, Baltic and CIS countries.  Full Article

Outotec to deliver process equipment for the Mako Gold Project in Senegal
Friday, 26 Aug 2016 03:00am EDT 

Outotec Oyj : Outotec to deliver process equipment for the Mako Gold Project in Senegal . About 10 million euro ($11.28 million) order has been booked in Outotec's 2016 Q3 order intake .Equipment will be delivered during Q2 of 2017.  Full Article

Outotec to deliver process equipment for Goldcorp's Peñasquito mine in Mexico
Tuesday, 23 Aug 2016 03:00am EDT 

Outotec Oyj : Says to deliver process equipment for Goldcorp's Peñasquito mine in Mexico . Contract value is about 23 million euros ($26.07 million) . Order has been booked in Outotec's 2016 Q3 order intake .Deliveries will take place in 2017.  Full Article

Outotec to deliver flotation and dewatering technology to Russia
Monday, 15 Aug 2016 09:00am EDT 

Outotec Oyj : Says has been awarded a contract for the delivery of flotation and dewatering technology in Russia . Contract value is close to 30 million euros ($33.52 million) including equipment deliveries and installation supervision services . Order has been booked in Outotec's 2016 Q3 order intake . Deliveries will start in the beginning of 2017 .Further details of project will not be disclosed at customer's request.  Full Article

Outotec Q2 EBIT loss EUR 1 million, smaller than expected
Wednesday, 27 Jul 2016 06:00am EDT 

Outotec Oyj : Q2 order intake 281 million euros ($309.04 million) versus 280 million euros in Reuters poll . Q2 sales 268 million euros (Reuters poll 261 million euros) . Q2 EBIT loss 1 million euros (Reuters poll loss 2.1 million euros) . Financial guidance for 2016: sales reiterated, profitability guidance range narrowed . Now sees 2016 adjusted EBIT to be about 2-4 pct (previously 2-5 pct) . Sees 2016 sales to be about 1.0 - 1.2 billion crowns . Says market outlook in mining and metals industry remains weak, sees service demand to be weaker as well . Says it is increasingly difficult to finalize projects and collect overdue receivables .Will continue its saving efforts.  Full Article

Outotec: Markku Teräsvasara assumes CEO duties on Oct. 1
Tuesday, 26 Jul 2016 08:00am EDT 

Outotec Oyj : Markku Teräsvasara assumes duties of Outotec's CEO on Oct. 1 .Teräsvasara will transfer to Outotec from Atlas Copco.  Full Article

Outotec to deliver process equipment for Sangan iron project in Iran
Tuesday, 26 Jul 2016 07:00am EDT 

Outotec Oyj : Awarded a contract by Shangdong Province Metallurgical Engineering . Will deliver process equipment to Iron Concentrate Project Sangan in North-Eastern Iran . Contract value is about 10 million euros ($11 million) .Order has been booked in Outotec's 2016 Q2 order intake..  Full Article