UUTECHNIC GROUP REVISES ITS GUIDANCE FOR 2017
PLC UUTECHNIC GROUP OYJ STOCK EXCHANGE RELEASE OCTOBER 20, 2017 at 12:40 pm
UUTECHNIC GROUP REVISES ITS GUIDANCE FOR 2017
Uutechnic Group expects its revenue to be lower than in 2016 and the operating profit to be negative. Previous was announced that the turnover is expected to be lower than in 2016 and the operating profit to be at the last year’s level.
The revision of the outlook is resulting from Japrotek Oy Ab’s ongoing compensation process related to quality issues of construction material on one project that was delivered in the first half of the year. The company expects that the compensation shall most probably be paid after the end of current fiscal period. Furthermore the order backlog of Japrotek has remained on a low level. Japrotek has started legal actions at the lower court of justice in Sweden against the Swedish material supplier.
Plc Uutechnic Group Oyj will publish the Business review on October 27, 2017.
In Uusikaupunki October 20, 2017
PLC UUTECHNIC GROUP OYJ
Board of Directors
Further information:
Jouko Peräaho, CEO, Plc Uutechnic Group Oyj, +358 500 740808
Uutechnic Group is focused on improving the competitiveness of its customers by providing them advanced equipment technology and unique service concept worldwide. The product range includes agitators, different types of pressure vessels, process- and storage tanks, reactors and heat exchangers. Additionally different types of long welded and machined axially symmetrical parts as rolls, cylinders, tubes and cones.
The main industries are hydrometallurgy, mining-, pulp and paper-, food-, fertilizer-, other chemical industries and environmental technology.
Uutechnic Group’s business consists of one segment, Process Solutions, which is divided into two business lines: Mixing Technology and Tanks & Rolls. Mixing Technology business line consists of Stelzer Rührtechnik Int. GmbH and Uutechnic Oy. Tanks & Rolls business line consists of Japrotek Oy Ab and AP-Tela Oy.
www.uutechnicgroup.fi