Outotec sales down 30% as slow capex market continues
Published: Thursday, 31 July 2014
Though the company has seen some improvement from the mining industry, it continues to prepare for market slowness with various cost cutting measures, a trend seen across the sector.
Sales for leading Finnish technology provider
Outotec fell 30% year-on-year (y-o-y) in the second quarter
of 2014 as mining companies continue to focus on cost reduction
Sales fell to 335.2m ($448.8*), down from 511m
in Q2 2013, while operating profit from business operations
declined by a massive 91% to...