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Metso Outotec Oyj

Earnings Release • Dec 20, 2016

3228_rns_2016-12-20_ddf3260b-d52b-4d37-882b-345b2e84447d.html

Earnings Release

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Disclosure 347788

Outotec Oyj - Company Announcement

Outotec lowers its profitability guidance for 2016

OUTOTEC OYJ STOCK EXCHANGE RELEASE DECEMBER 20, 2016 at 5:00 PM Outotec lowers its profitability guidance for 2016 Outotec lowers its profitability guidance for 2016 due to increased risk provision. As previously communicated, Outotec has had challenges in a few projects in the Metals, Energy & Water segment. Resolving the remaining project issues especially in one large project has proven to be more challenging than expected. Due to this Outotec will make an additional EUR 40 million risk provision and thus Outotec's adjusted EBIT margin for 2016 is expected to be negative (previously 2-3%). For further information, please contact: OUTOTEC OYJ Markku Teräsvasara, CEO Tel. +358 20 529 211 Jari Ålgars, CFO Tel. +358 20 529 2007 DISTRIBUTION: NASDAQ Helsinki Main media www.outotec.com []