Finnish mining and metal
manufacturing equipment provider
Outotec has announced that it has lowered its sales guidance for 2014. The company expects to see approximately €1.4-1.6 billion of sales compared to the previous guidance of €1.5-1.8 billion, due to delayed order intake in the beginning of the year, and slowness in project implementation in Russia due to increased geopolitical uncertainty.
Outotec stated that in the second quarter of the current year its order intake amounted to €379.5 million, growing four percent year on year and by 80 percent compared to the first quarter. Order backlog at the end of June was €1.25 billion, decreasing 28 percent year on year.