Outotec sales down 30% as slow capex market continues

By Kasia Patel
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 measures.

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...

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