Finnish mining and metal manufacturing equipment provider Outotec has issued its financial results for the third quarter of 2012, reporting strong sales growth for the period.
According to the financial results, in the given quarter, the operating profit of Outotec increased to €41 million, up 23.5 percent year on year, while its sales revenues rose 42.5 percent to €502.8 million compared to the same quarter of the previous year. Meanwhile, Outotec's order intake was €452.4 million in July-September, decreasing by 43.6 percent year on year.
Regarding the market outlook for 2012, Outotec expects its sales to grow to approximately €1.9-2.1 billion. Outotec stated that the long-term outlook for metals demand continues to be positive, driving investments to new capacity.