Finnish mining and metal manufacturing equipment provider Outotec has issued its financial results for the first quarter of the current year.
In the first quarter, Outotec reported a net loss of €2.6 million, compared to a net loss of €11.5 million in the same quarter of the previous year. The company's sales revenues increased by 11.6 percent year on year to €267.7 million. Meanwhile, Outotec's order intake was €318.4 million in the given quarter, up 87 percent year on year.
Outotec stated the improvement in the order intake reflects the more positive market sentiment in the mining industry. In the given period, in addition to equipment orders in minerals processing, the company got some larger plant orders in metals refining. The company’s profitability improved following savings on fixed costs and higher sales volumes.