Outlook for 2020 (Feb 6, 2020)
The market activity in minerals processing and metals refining is currently expected to remain at present level. Copper, gold and nickel projects are expected to continue to be the most active. The timing of large investments is uncertain.
Outotec will not issue Group financial guidance for 2020, as the combination of Outotec and Metso’s Minerals business is currently expected to take place on June 30, 2020. This remains subject to the receipt of all required regulatory and other approvals, including competition clearances.
Outotec’s long-term financial targets are (announced September 18, 2017):
- Sales growth faster than the market
- Annual average service sales growth over 10%
- Profitability (adjusted EBIT) 10% of sales by 2020
- Gearing at maximum 50%