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Outotec’s H1 numbers benefit from higher metal output, prices

Posted on 25 Jul 2018

Stronger 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.”