Plc Uutechnic Group Oyj: UUTECHNIC GROUP BUSINESS REVIEW FROM JANUARY - MARCH 2019
PLC UUTECHNIC GROUP OYJ STOCK EXCHANGE RELEASE April 30, 2019 at 9:00 am
UUTECHNIC GROUP BUSINESS REVIEW FROM JANUARY - MARCH 2019
Sales continued to grow, but the first quarter result was weak. 2019 result will be lower than last year.
This business review presents the key figures of Uutechnic Group's continuing operations, main events in January-March 2019 and comparison figures for the previous year. The figures are unaudited.
Key figures, continuing operations
- Group's turnover was EUR 5.6 million (EUR 5.1 million)
- Group's operating loss was EUR -0.1 million (operating profit EUR 0.4 million)
- New orders received in first quarter EUR 5.7 million (EUR 7.1 million)
- The order book at the end of the quarter was EUR 9.2 million (EUR 10.0 million)
| T EUR | 1-3/2019 | 1-3/2018 | 1-12/2018 |
| Turnover | 5 583 | 5 138 | 22 092 |
| Operating profit / loss | -129 | 403 | 2078 |
| Operating profit / loss % | -2,3 % | 7,8 % | 9,4 % |
| Order Backlog | 9 195 | 9 980 | 9 341 |
The comparative figures for 2018 differ from those previously published so that they no longer include the figures of Japrotek Oy Ab, which was sold in 2018.
The Group's turnover increased by 8.7% in the first quarter, but despite the growth, operating profit was negative. The Group's order book remains at a good level, although it has slightly decreased since the end of the last year. The reason of the loss was partly due to that the operations were run at a lower capacity during the first quarter and the heavier cost structure compared to the last year. Over the upcoming months, the production will be in full load.
Due to the weak first quarter, Uutechnic Group estimates the result for the fiscal year 2019 to be lower than last year.
Released events in the reporting period
Press releases
12.2.2019 Significant order for Uutechnic Group's Mixing Technology Business
Stock exchange releases
13.2.2019 Notification according to chapter 9, section 6 and 7 of the securities markets act
28.2.2019 Review of the financial statements for January - December 2018
4.3.2019 Notification according to chapter 9, section 5,6 and 7 of the securities markets act
6.3.2019 Plc Uutechnic Group Oyj's liquidity providing agreement
15.3.2019 Financial statements, corporate governance statement and remuneration statement for 2019 published
15.3.2109 Invitation to the annual general meeting
10.4.2019 The resolutions of the annual general meeting and the decisions of the board of directors
29.4.2019 Uutechnic Group lowers its outlook for the year 2019
In Uusikaupunki April 30, 2019
PLC UUTECHNIC GROUP OYJ
Board of Directors
Further information:
Jouko Peräaho, CEO Plc Uutechnic Group Oyj, +358 500 740 808
www.uutechnicgroup.fi
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 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.
Plc Uutechnic Group's subsidiaries are AP-Tela Oy, Uutechnic Oy and Stelzer Rührtechnik International GmbH.
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Source: Plc Uutechnic Group Oyj via Globenewswire