Metso Outotec Oyj Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 22, 2022 at 07:00 am
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Metso Outotec Oyj reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EUR 1,295 million compared to EUR 1,010 million a year ago. Net loss was EUR 23 million compared to net income of EUR 86 million a year ago. Basic loss per share from continuing operations was EUR 0.02 compared to basic earnings per share from continuing operations of EUR 0.07 a year ago. Basic loss per share was EUR 0.03 compared to basic earnings per share of EUR 0.1 a year ago. Diluted loss per share was EUR 0.03 compared to diluted earnings per share of EUR 0.1 a year ago.
For the six months, sales was EUR 2,459 million compared to EUR 1,935 million a year ago. Net income was EUR 65 million compared to EUR 145 million a year ago. Basic earnings per share from continuing operations was EUR 0.08 compared to EUR 0.15 a year ago. Basic earnings per share was EUR 0.08 compared to EUR 0.17 a year ago. Diluted earnings per share was EUR 0.08 compared to EUR 0.17 a year ago.
Metso Outotec Oyj specializes in the design, development, construction and maintenance of factories and equipment intended for the metallurgy and mining industries. Net sales break down by activity sector as follows:
- mining (63.5%): crushing machines, screening machines, handling equipment, etc. ;
- aggregates industry and quarrying (27.3%): production plants, stations, modules and equipment, crushing and screening equipment, handling equipment, etc.;
- metal refining and processing (9.2%): extraction sites, non-ferrous concentrate baking units, copper, nickel, zinc, lead and precious metals foundries and refineries, grinders, floating machines, control and analysis systems, separators, iron processing into small balls units, etc.
Net sales are distributed geographically as follows: Finland (1.5%), Europe (21%), North and Central America (22.9%), Asia/Pacific (22.4%), South America (17.3%), Africa/Middle East/India (14.9%).