PLC UUTECHNIC GROUP OYJ STOCK EXCHANGE RELEASE April 28, 2017 at 8:55
UUTECHNIC GROUP’S BUSINESS REVIEW FROM JANUARY TO MARCH 2017
Uutechnic Group’s key figures and main events in January-March 2017 and the comparison figures 2016 are presented in this business review. The figures are unaudited.
Key figures and Outlook
- Uutechnic Group’s turnover was 7.2 million euros, that is 6,5 % higher compared to 2016 (6.8 million euros).
- The operating loss was -0,3 million euros. (-0,4 million euros).
- At the end of the first quarter, the order book stood at 15.7 million euros, which was at the same level last year (15.7 million euros).
|Turnover||7 243||6 804||36 377|
|Operating profit / loss||-277||-371||881|
|Operating profit / loss %||-3,8 %||-5,5 %||2,4 %|
|Order backlog||15 736||15 731||15 899|
The first quarter of the financial year for Uutechnic Group realized as expected in terms of turnover and operating profit. Turnover grew slightly from the comparison period and the operating result was at the same level. The company repeats its guidance in connection with the financial statements 2016, according to which Group’s turnover is expected to continue to grow and operating profit is expected to improve compared to the previous year.
In the Mixing Technology business, customer activity was relatively high in all fields of industry and the order book has grown substantially, especially in the latter part of the quarter. Most of the orders were received from established markets and loyal customers. Emerging Chinese biogas market sector was the biggest success. Strong order backlog will secure better second quarter and full year is expected to show clear growth compared to 2016.
In the Vessel business, sales have started slowly at the first quarter of the year, mainly due to postponed customer investment decisions. However, the order backlog remains at a moderate level and the order intake for the rest of the year is expected to develop favorably.
In the Roll and Pipe business, the beginning of the year has been challenging due to the weak starting situation. Operations and production capacity were adjusted by co-operation negotiations, which ended in January. At the end of the quarter, new orders have been received reasonably well and the order backlog is at a good level, yet lower than the previous year’s record level.
The main events in the reporting period
January 2, 2017 Uutechnic Group announced that the Group’s objective is to increase Mixing Technology business and strengthen its importance as a success factor for the Group. The company appointed Jussi Vaarno as a Vice President of Mixing Technology business starting on January 16, 2017.
March 8, 2017 Uutechnic Group announced its new business model and appointments in the top management. The business of Uutechnic Group consists of one business segment, Process Solutions, which will be divided further into two business lines: Mixing Technology and Tanks & Rolls. The target of this change is to strengthen sales and marketing as well as knowhow and financial performance. 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. Uutechnic Group’s business is still reported under one segment, Process Solutions.
At the same time Uutechnic Group announced that Jouko Peräaho has been appointed as the CEO of Plc Uutechnic Group Oyj. The current CEO of Uutechnic Group Martti Heikkilä will start as the Vice President of Tanks & Rolls business line. Jussi Vaarno will continue as the Vice President of Mixing Technology business line.
In Uusikaupunki April 28, 2017
PLC UUTECHNIC GROUP OYJ
Board of Directors
Jouko Peräaho, CEO Plc Uutechnic Group Oyj, +358 500 740 808
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.