Finnish mining and metal manufacturing equipment provider Outotec has issued its financial results for the first quarter of 2012, reporting strong sales for the period.
According to the financial results, in the given quarter, the operating profit of Outotec increased to €30.6 million, up 52 percent year on year, while its sales revenues rose 66 percent to €410.4 million compared to the same quarter of the previous year. Outotec's order intake was €425.4 million in January-March, increasing by 24 percent year on year.
Regarding the market outlook for 2012, Outotec expects its sales to grow to approximately €1.7-1.9 billion. Outotec stated that the long-term outlook for metals demand is expected to remain good and to support further investments.