Outotec Mining Technology: Order intake at a good level
Outotec's profit for the mining technology improved compared with the previous period. Outotec's earnings before tax increased to EUR 7.5 million in January – March, compared with EUR 3.2 million before tax at the same time last year.
Analysts expected a forecast service of € 9.0 million in the median forecast collected by Infront Data. Seven analysts were involved in the median prediction.
In January-March, Outotec collected new orders of EUR 336 million, compared with EUR 334 million in the comparison period. Analysts expected new orders worth EUR 352 million.
Markku Teräsvasara, President and CEO of the company, was satisfied with the order intake, although it remained unchanged from analysts' expectations.
- Our order intake was at a good level in the comparison period. I am pleased with the growth of 19 per cent 22 per cent of our services and Minerals Processing segment equipment orders, Teräsvasara told in a press release.