Metso Outotec operating profit falls in second quarter
Helsinki, Aug 5 (Reuters) - The newly formed Finnish engineering group Metso Outotec MOCORP.HE reported a 31% drop in second-quarter operating profit, citing weak sales due to COVID-19.
Sales for the quarter, down 16% year-on-year at 141 million euros ($166.44 million), were in line with analysts' average expectations for 141.3 million euros, following a profit warning last week L5N2EY1IP.
Metso's minerals business and Outotec merged on July 1, creating one of the largest global makers of machinery for the mining industry. L8N2450ZZ
($1 = 0.8472 euros)
(Reporting by Anne Kauranen, editing by Louise Heavens)
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