Outotecs H1 numbers benefit from higher metal output prices

first_imgStronger metal output and prices saw Outotec’s order intake rise in the June quarter and first half of the year.The company reported a 13% year-on-year increase in the first half of the year and a 21% improvement in the most recent June quarter.Service orders also rose 16% and 18% in the half-year and three-month period, respectively, while group sales were up 17% and 25% to €618.4 million and €331.2 million, respectively.Outotec President and CEO Markku Teräsvasara said the minerals processing segment continued to improve its results. The division booked orders from a Russia base metal operator and a Kazakhstan base metal concentrator during the most recent quarter.Reflecting on the results, Teräsvasara said: “The market remained positive, and we have good prospects in our sales funnel. Final decisions, particularly regarding large greenfield projects, are still progressing slowly.”last_img

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