Outotec raises its sales guidance for 2011. Based on strong order intake in 2011 and good progress in project execution, the management expects that sales in 2011 will grow to approximately EUR 1.35-1.45 billion. Outotec has previously estimated its sales in 2011 to grow to approximately EUR 1.25-1.35 billion.
Outotec reiterates its guidance for operating profit (improving from 2010, operating profit margin from business operations approximately 8-9%) and order intake (continuing to grow from 2010). Operating profit is dependent on exchange rates, product mix, timing of new orders and project completions.
Strong order intake
Outotec’s January-August 2011 order intake is approximately EUR 1.4 billion. In addition, in September the company has announced orders worth approximately EUR 170 million. Based on the current sales activity the management expects the market to remain strong.
Outotec hosts a CEO’s Q&A session on September 19 at 2.00pm Finnish time. The company will publish its January-September 2011 Interim Report on October 27. More information at www.outotec.com/investors.