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On Wednesday, Finnish engineering firm Metso reported better-than-expected fourth-quarter results, boosting its share price to a three-month high thanks to strong performance in its mining sector.
New orders in the mining sector rose 35% to 714 million euros (627 million) from a year earlier, showing a healthy mining equipment market and beating analysts'forecasts.
"We performed strongly in the fourth quarter," CEO Pekka Vauramo said in a statement. "Our revenue growth has also been robust, thanks to the improved delivery capacity of all businesses."
Metso shares rose 7.8% to 28.17 euros as of 0940 GMT.
The company also predicts that its main business will improve in the first half of 2019.
A Reuters survey of analysts showed that operating profit jumped from 60 million euros to 93 million euros in the fourth quarter, surpassing the average forecast of 88 million euros.

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