Finnish mining and metal manufacturing equipment provider Outotec has issued its financial results for third quarter and the first nine months of the current year.
In the third quarter, Outotec reported an operating profit of €6.7 million, compared to an operating loss of €300,000 in the same quarter of the previous year. The company's sales revenues decreased by 4.08 percent year on year to €307.2 million. Meanwhile, Outotec's order intake was €268.4 million in the given quarter, up 1.05 percent year on year.
In the first nine months, Outotec reported an operating profit of €18.3 million, compared to an operating profit of €10.4 million in the same period of the previous year. The company's sales revenues decreased by 10.39 percent year on year to €895.5 million, due to lower sales was weak plant and equipment order intake in 2014. Meanwhile, Outotec's order intake was €922.7 million in the given period, up 7.85 percent year on year.
For the whole year, the company expects approximately €1.2-1.3 billion net sales and its EBITDA margin to be approximately 5-6 percent.