Outotec lowers guidance over mining challenges

By Kasia Patel
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...

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