Finnish mining and metal manufacturing equipment provider
Outotec has announced that it has set a new sales target for its services business. Accordingly,
Outotec aims to increase its services sales to €1 billion annually by the end of 2017 through organic growth, acquisitions, strengthening local presence and new life cycle service offerings. The previous target of the company was to grow the sales of services business to €500 million annually by the end of 2015.
Regarding the long-term financial targets for sales and profitability,
Outotec targets achieving annual average sales growth of 10-20 percent, while expecting the annual operating profit margin from business operations to be on average at 10 percent.
Based on its strong order backlog, current market outlook and customer tendering activity,
Outotec expects its sales to increase and its operating profit margin from business operations to further improve in 2013, both compared to 2012.