Metso Outotec said strong activity in its core mining and aggregates markets enabled it to increase March-quarter sales 22% year-on-year to €1418 million, while orders also grew 8% yoy for the period to €1533 million.
EBITA rose 37% compared with the same period last year to €215 million, or 15.2% of revenue.
Metso Outotec CEO Pekka Vauramo said 29% order growth in the company’s minerals services business was the primary driver of order book improvement.
“Metso Outotec expects the overall market activity to remain at the current level, including the normal seasonality in the aggregates market,” the company said.
Vauramo said the company’s adjusted 15.2% EBITA margin was “at our targeted level for the first time and shows continuous improvement, driven by our successful measures in managing inflation and cost control”.
“Both the aggregates and minerals segments reported record-high margins, while the profitability of the metals segment continued at a good level.”
After completion of a strategic review in March this year Metso Outotec decided to sell its metals and chemical processing, and ferrous and heat transfer, businesses.
It will keep its smelting business.