Finnish mining and metal manufacturing equipment provider Outotec has issued its financial results for the second quarter and the first half of the current year.
In the second quarter, Outotec reported a net loss of €1.5 million compared to a net loss of €2.5 million in the same quarter of 2016. The company's sales revenues in the second quarter increased by two percent year on year to €272.2 million. Meanwhile, Outotec's order intake was €286.3 million in the given quarter, up two percent year on year.
In the first half, Outotec registered a net loss of €4.1 million compared to a net loss of €14 million in the first half of the previous year, while the company's sales revenues totaled €540 million, up six percent year on year. During the given period, Outotec's order intake amounted to €604.6 million, rising by 34 percent year on year.
Outotec stated that, based on the current order backlog and market outlook as well as further cost savings, for the current year it expects its sales to be in the range of approximately €1.1-1.2 billion. Outotec’s previous sales guidance for this year was approximately €1.05–1.15 billion.