Finnish mining and metal manufacturing equipment provider Outotec has issued its financial results for the first half of 2012, reporting strong sales for the period.
According to the financial results, in the given period, the operating profit of Outotec increased to €75.1 million, up 133 percent year on year, while its sales revenues rose 74 percent to €934.8 million compared to the same period of the previous year. Outotec's order intake was €1.16 billion in January-June, increasing by 33 percent year on year.
Regarding the revised market outlook for 2012, Outotec expects its sales to grow to approximately €1.8-2 billion. Outotec stated that the long-term outlook for metals demand is expected to remain good and to support further investments.