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 €4.5 million compared to a net loss of €3 million in the same quarter of 2017. The company's sales revenues in the second quarter increased by 24.6 percent year on year to €331.2 million. Meanwhile, Outotec's order intake amounted to €347.2 million in the given quarter, up 21 percent year on year.
In the first half, Outotec registered a net loss of €2.2 million compared to a net loss of €5.9 million in the first half of the previous year, while the company's sales revenues totaled €618.4 million, up 16.8 percent year on year. During the given period, Outotec's order intake amounted to €604.6 million, rising by 12.6 percent year on year.
In the full year, Outotec expects its sales to be approximately €1.2-1.3 billion.