Metso Outotec Corp

Metso Oyj provides technologies, end-to-end solutions, and services for the aggregates, minerals processing, and metals refining industries across Europe, the Americas, Asia Pacific, Greater China, Africa, the Middle East, and India. It operates in two segments, Aggregates and Minerals. The company offers equipment, parts, and services for applications such as crushing, screening, conveying, grinding, flotation, filtration, and material handling, along with spare and wear parts and services including maintenance, repairs, modernizations, process optimization, and training. Formerly known as Metso Outotec Oyj, the company was incorporated in 1990 and is headquartered in Espoo, Finland.

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Metso Oyj second-quarter profit more than doubles, orders climb 18 percent

Metso Oyj reported second-quarter profit more than doubled to 128 million euros from 63 million euros a year earlier, while orders received increased 18 percent to 1.462 billion euros. Sales rose 6 percent to 1.334 billion euros, driven mainly by the Minerals aftermarket business. Adjusted EBITA increased 21 percent to 221 million euros, corresponding to a margin of 16.6 percent. The company expects market activity in both Minerals and Aggregates segments to remain at current levels over the next six months. Metso shares gained around 5.32 percent in Helsinki, trading at 16.43 euros.

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