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 loss of €1.2 million, compared to an operating profit of €6.7 million in the same quarter of the previous year. The company's sales revenues decreased by 20 percent year on year to €245.2 million. Meanwhile, Outotec's order intake was €274.1 million in the given quarter, up 2.12 percent year on year.
In the first nine months, Outotec reported an operating loss of €14.3 million, compared to an operating profit of €18.3 million in the same period of the previous year. The company's sales revenues decreased by 16 percent to €752.5 million, while its order intake was €725 million in the given period, up 21.4 percent, both year on year.
For the whole year, the company has narrowed its sales guidance due to the continuing challenges in the Metals, Energy & Water segment. For the current year, Outotec expects net sales of approximately €1.0-1.1 billion, compared to its previous sales guidance of €1.0–1.2 billion for the year.