Metso Corporation

METSO

Equity

ISIN FI0009014575 / Valor 2729527

NASDAQ Helsinki Ltd, Equities (2024-12-23)

EUR 8.93-0.40%

Metso Corporation
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About company

Metso Corporation is a global company that provides equipment and services in aggregates and minerals processing. They offer digital and automated solutions that are energy, carbon, and water efficient, as well as improve circularity and safety. With industry-leading service expertise and a global service network, Metso ensures the availability of spare and wear parts for their customers. Their strong focus on innovation, research and development, and safety benefits customers, with a portfolio of over 100 Planet Positive products that are more energy or water efficient than standard technology. Metso's end-to-end solutions integrate live data from various sources and incorporate advanced analytics, machine learning, artificial intelligence, and cloud technology to provide comprehensive solutions for their customers.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Orders Received

In the third quarter of 2024, Metso Corporation reported a 3% increase in orders received, totaling EUR 1,226 million compared to EUR 1,191 million in the same period of 2023. This growth was driven by a 9% increase in equipment orders, while services orders saw a slight decline of 1%.

Sales Performance

Metso Corporation experienced a 12% decline in sales during the third quarter of 2024, amounting to EUR 1,160 million, down from EUR 1,319 million in the previous year. The sales decline was primarily due to a 20% decrease in equipment sales and a 5% decrease in services sales.

Adjusted EBITA

The adjusted EBITA for Metso Corporation in the third quarter of 2024 was EUR 196 million, representing 16.9% of sales. This is a slight decrease from the previous year's EUR 213 million, which accounted for 16.1% of sales, indicating a resilient profitability margin despite lower sales.

Operating Profit

Metso Corporation's operating profit for the third quarter of 2024 was EUR 178 million, or 15.3% of sales, compared to EUR 189 million, or 14.3% of sales, in the same period of 2023. This reflects a slight decrease in operating profit but an improvement in the profit margin percentage.

Market Outlook

Looking ahead, Metso Corporation expects market activity in both the Minerals and Aggregates segments to remain stable in the short term. The company anticipates gradual improvement in copper-related activities within the Minerals segment, while the North American mobile equipment market in Aggregates continues to face challenges.

Summarized from source with an LLMView Source

Key figures

-3.54%1Y

-5.58%3Y

53.3%5Y

Performance

29.5%1Y

35.0%3Y

38.7%5Y

Volatility