OUTOTEC OYJ STOCK EXCHANGE RELEASE OCTOBER 18, 2013 AT 1.00 PM OUTOTEC'S RESTATED SEGMENT INFORMATION ACCORDING TO THE NEW OPERATIONAL STRUCTURE As of July 1, 2013, Outotec's new IFRS 8 reporting segments are Metals, Energy & Water and Minerals Processing. Service sales are reported on the Group level. The restated figures for 2012 and for January-June 2013 are presented in the tables below and in the attached file. Restatements for earlier periods have not been made. Main changes relating to the new segment reporting are: * In the new segment reporting one segment is in charge of the customer delivery and thus all related sales and costs of sales are directly allocated to that segment. Previously, the customer delivery was reported and allocated by technology leading to several intra-group transactions between the segments. * Based on the new operative reporting principles, costs related to share- based incentive programs have been allocated to the reported segments. Previously, these items were included in unallocated costs. The January-September 2013 Interim report will be published on October, 30, 2013 All figures in the tables have been rounded and consequently the sum of individual figures may deviate from the sum presented. Restated reporting segment information Q1 Q2 Q3 Q4 Q1-Q4 Q1 Q2 Q1-Q2 EUR million 2012 2012 2012 2012 2012 2013 2013 2013 -------------------------------------------------------------------------------- Sales Metals, Energy & Water 241.5 282.9 276.2 360.7 1,161.2 287.8 288.3 576.1 Minerals Processing 168.9 242.1 226.8 288.2 926.0 215.3 223.0 438.3 Unallocated items(1)) and intra-group sales 0.1 -0.5 -0.1 0.9 0.2 -0.2 0.2 0.0 -------------------------------------------------------------------------------- Total 410.4 524.4 502.8 649.8 2,087.4 502.9 511.4 1,014.3 Operating profit Metals, Energy & Water 15.4 20.6 10.6 24.6 71.3 15.9 25.1 41.0 Minerals Processing 15.7 24.8 30.6 50.9 122.0 21.8 15.5 37.3 Unallocated (2)) and intra-group items -3.6 -4.5 -0.2 -0.6 -9.0 -6.0 -0.8 -6.8 -------------------------------------------------------------------------------- Total 27.6 40.8 41.0 74.9 184.3 31.7 39.9 71.5 Operating profit margin, % Metals, Energy & Water 6.4 7.3 3.8 6.8 6.1 5.5 8.7 7.1 Minerals Processing 9.3 10.2 13.5 17.7 13.2 10.1 6.9 8.5 -------------------------------------------------------------------------------- Total 6.7 7.8 8.1 11.5 8.8 6.3 7.8 7.1 Operating profit from business operations (3) ) Metals, Energy & Water 17.8 23.5 13.4 20.6 75.2 18.2 27.5 45.7 Minerals Processing 16.5 25.5 31.5 54.1 127.6 22.8 16.6 39.4 Unallocated (2)) and intra-group items -3.6 -4.5 -0.2 -0.6 -9.0 -6.0 -0.8 -6.8 -------------------------------------------------------------------------------- Total 30.6 44.5 44.7 74.0 193.8 35.0 43.3 78.3 Operating profit from business operations margin, % (1) ) Metals. Energy & Water 7.4 8.3 4.8 5.7 6.5 6.3 9.5 7.9 Minerals Processing 9.8 10.5 13.9 18.8 13.8 10.6 7.4 9.0 -------------------------------------------------------------------------------- Total 7.5 8.5 8.9 11.4 9.3 7.0 8.5 7.7 Purchase price allocation (PPA) depreciations Metals, Energy & Water -2.3 -2.4 -2.5 -2.4 -9.6 -2.3 -2.4 -4.7 Minerals Processing -0.7 -0.6 -0.7 -0.9 -2.9 -0.9 -1.0 -1.9 -------------------------------------------------------------------------------- Total -3.0 -3.0 -3.2 -3.3 -12.5 -3.3 -3.3 -6.6 Major non-recurring items in operating profit Metals, Energy & Water 0.0 -0.6 -0.3 6.5 5.7 0.0 0.0 0.0 Minerals Processing -0.1 -0.1 -0.3 -2.2 -2.7 -0.0 -0.1 -0.2 -------------------------------------------------------------------------------- Total -0.1 -0.7 -0.5 4.3 3.0 -0.0 -0.1 -0.2 FX impact (unrealized and realized exchange gains and losses related to currency forward contracts) Metals, Energy & Water 0.0 -2.1 1.8 1.2 0.9 0.3 0.7 1.0 Minerals Processing 0.3 -1.7 1.4 0.8 0.8 1.2 1.2 2.4 Unallocated (2)) and intra-group items -0.3 -0.0 0.3 0.3 0.4 -0.1 0.1 -0.0 -------------------------------------------------------------------------------- Total -0.0 -3.7 3.6 2.3 2.1 1.4 1.9 3.3 (1)) Unallocated items primarily include invoicing of group management and administrative services.( 2)) Unallocated items primarily include group management and administrative services.( 3)) Excluding one-time items and purchase price allocations (PPA) amortizations. Previous reporting segment information Q1 Q2 Q3 Q4 Q1-Q4 Q1 Q2 Q1-Q2 EUR million 2012 2012 2012 2012 2012 2013 2013 2013 -------------------------------------------------------------------------------- Sales Non-ferrous Solutions 260.7 335.9 312.5 396.5 1,305.5 290.9 285.8 576.7 Ferrous Solutions 70.0 81.8 92.9 126.4 371.2 124.3 130.6 254.9 Energy, Light Metals and Environmental Solutions 85.9 106.8 100.1 134.1 427.0 90.0 100.6 190.5 Unallocated items (1)) and intra-group sales -6.2 0.0 -2.7 -7.3 -16.3 -2.3 -5.5 -7.8 -------------------------------------------------------------------------------- Total 410.4 524.4 502.8 649.8 2,087.4 502.9 511.4 1 014.3 Operating profit Non-ferrous Solutions 25.4 35.0 33.7 63.4 157.5 25.3 15.5 40.7 Ferrous Solutions 5.5 2.2 9.9 12.5 30.0 8.2 19.9 28.1 Energy, Light Metals and Environmental Solutions 3.8 7.3 0.6 8.6 20.3 6.5 8.1 14.6 Unallocated (2)) and intra- group items -7.2 -3.6 -3.2 -9.5 -23.5 -8.3 -3.7 -12.0 -------------------------------------------------------------------------------- Total 27.6 40.8 41.0 74.9 184.3 31.7 39.9 71.5 Operating profit margin, % Non-ferrous Solutions 9.7 10.4 10.8 16.0 12.1 8.7 5.4 7.1 Ferrous Solutions 7.8 2.6 10.7 9.9 8.1 6.6 15.3 11.0 Energy, Light Metals and Environmental Solutions 4.5 6.9 0.6 6.4 4.8 7.2 8.1 7.7 -------------------------------------------------------------------------------- Total 6.7 7.8 8.1 11.5 8.8 6.3 7.8 7.1 Operating profit from business operations (3) ) Non-ferrous Solutions 26.3 36.0 34.8 66.1 163.2 26.4 16.8 43.1 Ferrous Solutions 5.5 2.7 10.2 13.0 31.4 8.3 20.0 28.2 Energy, Light Metals and Environmental Solutions 6.0 9.5 2.8 4.4 22.6 8.6 10.2 18.9 Unallocated (2)) and intra- group items -7.2 -3.6 -3.2 -9.5 -23.5 -8.3 -3.7 -12.0 -------------------------------------------------------------------------------- Total 30.6 44.5 44.7 74.0 193.8 35.0 43.3 78.3 Operating profit from business operations margin, % (3) ) Non-ferrous Solutions 10.1 10.7 11.1 16.7 12.5 9.1 5.9 7.5 Ferrous Solutions 7.8 3.3 11.0 10.3 8.5 6.6 15.3 11.1 Energy, Light Metals and Environmental Solutions 6.9 8.9 2.8 3.3 5.3 9.6 10.2 9.9 -------------------------------------------------------------------------------- Total 7.5 8.5 8.9 11.4 9.3 7.0 8.5 7.7 Purchase price allocation (PPA) depreciations Non-ferrous Solutions -0.9 -0.8 -0.9 -1.1 -3.7 -1.1 -1.1 -2.2 Ferrous Solutions - - -0.1 -0.1 -0.2 -0.1 -0.1 -0.1 Energy, Light Metals and Environmental Solutions -2.1 -2.2 -2.2 -2.2 -8.6 -2.1 -2.1 -4.2 -------------------------------------------------------------------------------- Total -3.0 -3.0 -3.2 -3.3 -12.5 -3.3 -3.3 -6.6 Major non-recurring items in operating profit (one-time items) Non-ferrous Solutions - -0.2 -0.3 -1.6 -2.1 - -0.2 -0.2 Ferrous Solutions - -0.6 -0.2 -0.5 -1.3 - - - Energy, Light Metals and Environmental Solutions - - - 6.3 6.3 - - - Unallocated items -0.1 0.1 - - - -0.0 0.0 - -------------------------------------------------------------------------------- Total -0.1 -0.7 -0.5 4.3 3.0 -0.0 -0.1 -0.2 FX impact (unrealized and realized exchange gains and losses related to currency forward contracts) Non-ferrous Solutions 0.9 -1.8 2.0 0.8 1.8 2.0 0.7 2.7 Ferrous Solutions -0.1 -0.3 0.2 0.8 0.6 -1.0 0.7 -0.2 Energy, Light Metals and Environmental Solutions -0.5 -1.5 1.1 0.4 -0.6 0.4 0.5 0.9 Unallocated (2)) and intra- group items -0.3 -0.0 0.3 0.3 0.4 -0.1 0.1 -0.0 -------------------------------------------------------------------------------- Total -0.0 -3.7 3.6 2.3 2.1 1.4 1.9 3.3 (1)) Unallocated items primarily include invoicing of group management and administrative services.( 2)) Unallocated items primarily include group management and administrative services.( 3)) Excluding one-time items and purchase price allocations (PPA) amortizations. OUTOTEC OYJ Rita Uotila, Vice President - Investor Relations tel. +358 20 529 2003, mobile +358 400 954 141 e-mail: rita.uotila(at)outotec.com DISTRIBUTION: NASDAQ OMX Helsinki Ltd Main media www.outotec.com [HUG#1736653]
Outotec's restated segment information according to the new
Top 10 Most Recent News Articles
Alcott HR's Sales Strategy Gets a Boost with New Hire
Alcott HR Ramps Up Sales Firepower Now here's something fresh from the world of human resources outsourcing—Alcott HR has grabbed a new ace for their sales team. Eldin Radoncic is the name you'll want to remember, folks, because he's diving headfirst into the Director of Sales seat at this IRS Certified and ESAC Accredited player based out in good old Farmingdale, New...
Continue Reading
RxWellness Hits Inc. 5000—Four Straight Wins Impress
RxWellness Spine & Health Continues to Impress Well, not many companies can boast about snagging a spot on the Inc. 5000 list four years in a row, but here we are with RxWellness Spine & Health doing just that. Sitting pretty at No. 1,230 nationally—and that's no small feat—these folks are making waves in the healthcare industry. Securing the No. 135 spot in...
Continue Reading
Lumicell Expands LumiSystem in Breast Cancer Surgery
Innovation in Breast Cancer Surgery: A Real-World Game Changer? You’ve got your flashlight guiding a scared child through the dark, and in the healthcare world, Lumicell is promising to do just that for surgeons navigating the tricky maze of breast cancer surgery. Their LumiSystem is making waves in breast-conserving surgery—new kid on the block with a real chance at...
Continue Reading
Inovonics Duress Card Enhances Safety for K-12 and Beyond
A New Dawn for Safety in Schools and More It's about time we talk about something more substantial than just beefing up security cameras or tightening door locks. Real-world problems require nimble solutions, and that's where Status Solutions steps in with the Inovonics Duress Card. It's not just another gadget; it's a lightweight, wrist-mounted lifeline designed to say,...
Continue Reading
TWP & Commbi Unveil Exclusive Pony Clog Collaboration
A Fusion of Fashion and Functionality Walk down the streets of New York or hustle your way through an airport without worrying about your footwear weighing you down. That's the promise coming from the fresh alliance between TWP and Commbi with their new Pony Clog Collaboration. A blend of high fashion and everyday utility, these clogs aren't just keeping up with the...
Continue Reading
MasterBrand's 2027 Kitchen Trends: Embrace Warmth
Wood Finishes and the Warm Embrace Alright folks, let's cut through the fluff and get to the heart of the matter: wood finishes are making a roaring comeback in 2027 kitchens. And it's not just some passing phase, we're talking a comprehensive shift toward warmer and more natural kitchen designs. MasterBrand, Inc. isn't just throwing darts at a board here. They surveyed a...
Continue Reading
Orthopedic Expert Highlighting Midwest Pain Access Gaps
Over in the vast sprawl of rolling plains and prairie winds, folks in the Upper Midwest are grappling with an ironic reality. As technological advancements blaze trails, people suffering from vertebrogenic pain are finding themselves up against a wall of limited access to specialized care. We’ve got Dr. James T. Brunz, the man of the hour, one of only about 15 Intracept...
Continue Reading
Cabot Wilds: Nova Scotia's Next Luxury Golf Haven
Breaking New Ground in Golf and Luxury Cabot and the Bragg family are cooking up something extraordinary in Cumberland County, Nova Scotia. The new luxury lifestyle and golf destination, Cabot Wilds, promises to be more than just a retreat—it's a bold statement on how to marry nature, luxury, and community. Set to open in late 2027, this expansive 2,500-acre resort will...
Continue Reading
Postal Connections Expands with New Hillsboro Opening
Expanding Horizons in Hillsboro In the world of postal and office services, Annex Brands, Inc. is making headlines by launching yet another Postal Connections spot, this time planting its flag in the tech-centric town of Hillsboro, Oregon. Spearheaded by Jason Rautenkranz, this expansion is more than just another dot on a map—it's a strategic push into one of the...
Continue Reading
Perk's U.S. Expansion: A Bold Move in Spend Control
Perk Aims for U.S. Growth: Will It Pay Off? Amidst the cacophony of market chatter, Perk's announcement to bring its spend platform stateside is echoing louder than usual. This move is not just another step in its expansion but rather a leap considering the competition and market needs. In Europe, where they've already captured a chunk of the market with their Travel and...
Continue ReadingTop 5 Most Recently Viewed Articles
DeFi Technologies Faces Lawsuit: Key Insights for Investors
DeFi Technologies Faces Legal Challenge DeFi Technologies (NASDAQ: DEFT) has recently come under fire with allegations of securities law violations that could impact shareholders significantly. It's crucial for investors who own DEFT shares to stay informed on these developments and understand their implications. Understanding the Class Action Lawsuit The Gross Law Firm...
Continue Reading
Sercomm Launches Next-Gen Wi-Fi 8 Platform for Enhanced Connectivity
Sercomm Introduces Wi-Fi 8 Platform for Future Connectivity Sercomm, a pioneering provider in telecom and broadband technology, is set to unveil its groundbreaking Wi-Fi 8 platform, developed in partnership with Broadcom. This innovative platform, based on the next-generation IEEE 802.11bn standard, aims to revolutionize wireless connectivity by offering a host of...
Continue Reading
Trip.com Group Launches Innovative Community for Travelers
Trip.com Group Unveils Exciting New Ecosystem As travelers become increasingly reliant on content creators for inspiration, Trip.com Group has recently launched its innovative initiative, Trip Community. This comprehensive travel-content ecosystem uniquely integrates the Group's content and creator innovations, providing travelers with a seamless planning experience....
Continue Reading
Citi Raises First Horizon National's Target Price Amid Optimism
Citi Boosts First Horizon National's Price Target Citi has recently expressed strong confidence in First Horizon National (NYSE: FHN) by raising its price target from $19.00 to $20.00. This adjustment represents a 5% increase, underscoring the firm’s sustained Buy rating, which reflects optimism regarding the bank’s future prospects. The enhancement in the price...
Continue Reading
Arizona Ridge Riders Lasso Energy Transfer Partnership
Bull Riding Meets Big Business You know, in our ever-churning world of investments and partnerships, sometimes the oddest bedfellows end up riding high together. This time, it's bulls and energy pipelines. Arizona Ridge Riders are roping in a beast of a partner for their bull-riding shindig this weekend. Yeah, that's right, Energy Transfer, the energy giant with a...
Continue Reading