LUXEMBOURG--(BUSINESS WIRE)--Orion Engineered Carbons S.A., “Orion” or the “Company” (NYSE: OEC), a
worldwide supplier of specialty and high-performance Carbon Black, today
announced, in connection with Orion meeting with lenders to discuss a
possible reduction to its cost of borrowing, that, based on currently
available information, it estimates that adjusted EBITDA for the first
quarter of 2017 will be in the range of EUR58 to EUR59 million.
Additionally, revenue and volume for the quarter are expected to be in
the range of EUR303m to EUR305m and 274 thousand metric tons to 276
thousand metric tons, respectively. The Company also confirms its
previous full-year 2017 EBITDA guidance of EUR220 to EUR240 million.
Q1 2017 Earnings Conference Call
Orion will release its 2017 first quarter results after the market
closes on Thursday, May 4, 2017, to be followed by a conference call on
Friday, May 5, 2017 at 8:30 a.m. (ET).
The dial-in details for the live conference call are as follow:
U.S. Toll Free:
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1-877-407-4018
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International:
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1-201-689-8471
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U.K. Toll Free:
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0 800 756 3429
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Germany Toll Free:
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0 800 182 0040
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Luxembourg Toll Free:
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800 28 522
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Luxembourg Local:
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352 2786 0689
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A replay of the conference call may be accessed by phone at the
following numbers through May 12, 2017:
U.S. Toll Free:
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1-844-512-2921
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U.S. Toll/International:
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1-412-317-6671
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Conference ID:
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13656536
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Additionally, a live and archived webcast of the conference call will be
available on the investor relations section of the Company's website at: www.orioncarbons.com
About Orion Engineered Carbons S.A.
Orion is a worldwide supplier of Carbon Black. We produce
high-performance as well as standard Gas Blacks, Furnace Blacks, Lamp
Blacks, Thermal Blacks and other Specialty Carbon Blacks that tint,
colorize and enhance the performance of polymers, plastics, paints and
coatings, inks and toners, adhesives and sealants, tires, and mechanical
rubber goods such as automotive belts and hoses. Orion has 14 global
production sites and four Technology Centers with 1,483 employees. For
more information visit our website at: www.orioncarbons.com
Forward Looking Statements
This release contains certain forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements are statements of future
expectations that are based on management’s current expectations and
assumptions and involve known and unknown risks and uncertainties that
could cause actual results, performance or events to differ materially
from those expressed or implied in these statements. Factors that could
cause our actual results to differ materially from those expressed or
implied in such forward-looking statements include those factors
detailed under the captions “Note Regarding Forward-Looking Statements”
and “Risk Factors” in our Annual Report on Form 20-F for the year ended
December 31, 2016 and in Note 9 to our audited consolidated financial
statements as at December 31, 2016 regarding contingent liabilities,
including litigation. We undertake no obligation to publicly update or
revise any forward-looking statement as a result of new information,
future events or other information, other than as required by applicable
law.
In addition, because of the recent conclusion of the first quarter of
2017, the estimated financial results provided above, by necessity, are
based only upon preliminary information available at this time and are
subject to the completion of our financial closing procedures. The
estimated financial results presented above are not a comprehensive
statement of our financial results for the first quarter of 2017, and we
have not presented a range of our estimated net income for such period.
When our actual financial results for such period are finalized, they
will include any adjustments necessary, in the opinion of management,
for a fair presentation of such information and will also include the
other financial metrics necessary for a comprehensive review of our
financial results for such period.
Non-IFRS Financial Measures
Adjusted EBITDA is not a measure of performance under IFRS and should
not be considered in isolation or construed as a substitute for revenue,
consolidated profit (loss) for the period, operating result (EBIT),
gross profit or other IFRS measures as an indicator of our operations in
accordance with IFRS.
The Adjusted EBITDA ranges included in this release are not reconcilable
to the respective most directly comparable IFRS measure without
unreasonable efforts, because we are not able to predict with reasonable
certainty the ultimate amount or nature of adjustment items in the
applicable period. These items are uncertain, depend on many factors and
could have a material impact on our IFRS reported results for the
guidance period.