Metso Corporation

Latest Results (30.08.2026):

Metso Corporation — Q2 2026: Strong customer activity lifted orders and backlog, with orders received up 18% to EUR 1,462 million (16% organic growth in constant currencies) and sales rising 6% to EUR 1,334 million. Adjusted EBITA improved to EUR 221 million (16.6% margin) and operating profit was EUR 185 million (13.9% margin). Cash flow from operations was healthy at EUR 206 million and net debt/EBITDA improved to 1.3.

Orders & backlog

Orders received: EUR 1,462m (up 18% vs Q2/2025), aftermarket orders EUR 809m (+12%). Order backlog expanded to EUR 3,662m (up 13%). Book-to-bill ~1.10, driven mainly by a 24% increase in Minerals orders and stable Aggregates orders.

Sales & segment performance

Group sales: EUR 1,334m (+6%). Aggregates sales rose ~7% with solid North American demand; Minerals sales up ~6%, supported by both equipment and aftermarket growth (equipment orders +50%). Aftermarket sales accounted for 57% of total sales.

Profitability

Adjusted EBITA: EUR 221m (+21%) with a margin of 16.6% (Q2/2025: 14.5%). Operating profit: EUR 185m (13.9% margin). Return on capital employed improved to 17.3%.

Cash flow & balance sheet

Cash flow from operations: EUR 206m (vs EUR 147m). 12‑month rolling cash conversion ~98%. Gearing 46.4%, net debt/EBITDA 1.3 (improved from 1.5).

First half (Jan–Jun) 2026

Orders YTD: EUR 3,017m (+12%). Sales YTD: EUR 2,587m (+5%). Adjusted EBITA YTD: EUR 424m (16.4% of sales). Operating profit YTD: EUR 351m. EPS from continuing operations YTD: EUR 0.29.

Investments & strategic actions

Metso continued targeted investments to strengthen proximity to customers: new facilities in Argentina, expanded service and training centers in Arizona and Canada, and phase two of the Aggregates technology center (new crusher factory) in Tampere, Finland.

Sustainability & operational priorities

Company highlights progress on its net‑zero Scope 1 and 2 roadmap, continued uptake of Metso Plus efficiency solutions, and focus on safety (fatal accident prevention) and high employee engagement (eNPS).

Outlook

Metso expects market activity in both Minerals and Aggregates to remain at the current level over the next six months, consistent with its prior outlook.