Outotec achieves all-time high order intake in 2011

Thursday, 09 February 2012 12:15:01 (GMT+2)

Finnish mining and metal manufacturing equipment provider Outotec has issued its financial results for 2011, stating that it has achieved an all-time high order intake thanks to successful sales activities.

According to the financial results, in 2011 the operating profit of Outotec increased to €111.9 million from €41.6 million in 2010, while its sales revenues rose 43 percent year on year to €1.38 billion. Outotec's order intake was €2 billion in 2011, increasing by 44 percent compared to the 2010.
 
Regarding the market outlook for 2012, Outotec said that the strong order backlog provides the company with a good starting point. Outotec expects sales to grow in 2012 and operating profit margin from business operations to be approximately 9-10 percent. Increasing investments are in line with the long-term metals demand growth projections.

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