Outotec, the Helsinki-based metals and minerals processor, lowered its 2019 sale guidance due to order delays and a divestment from three businesses during the year.
The company reported that its sales would decrease €50mn in 2019 because of the divestments, but EBIT will rise €40mn, putting its restated comparable sales for FY2018 at about €1,200mn, which is still €80mn lower than its 2018 reported sales.
However, the company said that it projected its EBIT to increase over the restated 2018 adjusted EBIT of €84mn ($94mn) due to the divestment.
Outotec develops sustainable technologies and services in the natural resources sector, and in 2018 had approximately €1.3bn in sales.
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