Outotec lowers guidance over mining challenges
Published: Wednesday, 21 December 2016
The company has lowered its full year EBIT guidance and announced the establishment of a services business to strengthen its footprint in this area, following a drop in earnings reported last month.
Finnish mining technology provider Outotec Oyj has lowered
its profitability guidance for 2016 due to increased risk
provision, the company said 20 December.
Challenges in the company’s Metals, Energy
& Water segment were difficult to resolve, the company
said, particularly in...