Outotec Oyj Announces Changes in Business Structure
Outotec Oyj announced that the Company has decided to change its corporate operating model and organization structure. As of July 1, 2013, Outotec's business structure will consist of two Business Areas and three Geographical Regions. The Business Areas are Metals, Energy & Water and Minerals Processing. Specific focus on the development of services will continue, and both Business Areas will include a services function. The Regions are Americas, EMEA (including Europe, Middle East, Africa and CIS countries) and APAC (including Asia Pacific, China and India). As per April 9, 2013, the Company had four Business Areas: Ferrous Solutions; Non-ferrous Solutions; Energy, Light Metals and Environmental Solutions; as well as Services. The reportable operating segments according to IFRS 8 were Non-ferrous Solutions, Ferrous Solutions, and Energy, Light Metals and Environmental. Outotec's two new business areas will in the future form the IFRS 8 operating segments. The new reporting segments will be effective starting from the January-September Interim Report 2013, which will be published on October 30, 2013. The aim of the changes is to accelerate Outotec's transformation into a full life cycle solutions provider and enhance value creation for customers and shareholders as well as strengthen product and technology leadership and the scalability of sales and delivery capabilities close to markets.
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