On October 22, Finnish mining and metal manufacturing equipment provider Outotec issued its financial results for the third quarter of 2010, stating that the mining and metals industry continued on the recovery path supported by a positive long-term outlook during the quarter.
According to the financial results, the operating profit of the company was €18.1 million in the third quarter of 2010, compared with an operating profit of €15.1 million in the third quarter of 2009, increasing 19.9 percent. Sales revenues in the third quarter of 2010 increased 21 percent year on year from €188.7 million to €228.5 million.
The company's order intake in the third quarter this year was €269.7 million compared to €201.5 million in the same period last year.
Company president and CEO Pertti Korhonen said, "The order intake continued on a high level supported by strong service business growth. Our profitability continued to improve thanks to good project execution, solid services business and cost efficiency improvement measures."