Valmet OYJ

VALMT

Equity

ISIN FI4000074984 / Valor 23132034

NASDAQ Helsinki Ltd, Equities (2025-04-08)

EUR 22.58+2.92%

Valmet OYJ
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About company

Valmet OYJ is a leading global provider of technologies, automation, and services for the pulp, paper, and energy industries. With a strong focus on innovation and technology, Valmet offers a comprehensive range of solutions designed to enhance the efficiency and quality of tissue, pulp, paper, and energy production processes. The company's offerings encompass a wide array of products and services, including advanced machinery for tissue making, flow control technologies such as valves and pumps, and automation solutions tailored to the specific needs of the process industries it serves. Valmet's expertise extends to both chemical and mechanical pulping processes, supported by a robust research and development program aimed at ensuring high end-product quality for its clients. With a global footprint, Valmet positions itself as a key partner for industries seeking to optimize their production capabilities and achieve superior operational performance.

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

Orders Received

In the second quarter of 2024, Valmet OYJ reported that orders received remained at the previous year's level, amounting to EUR 1,283 million compared to EUR 1,268 million in the same period of the previous year. The Services segment saw an increase in orders, while the Automation segment remained stable, and the Process Technologies segment experienced a decrease. Regionally, orders increased in EMEA, North America, and China, but decreased in Asia-Pacific and South America.

Net Sales

Valmet OYJ's net sales for the second quarter of 2024 decreased by 7% to EUR 1,324 million from EUR 1,417 million in the same quarter of the previous year. The net sales remained stable in the Automation and Services segments but saw a decline in the Process Technologies segment. This decline contributed to the overall decrease in net sales for the quarter.

Comparable EBITA

The company's Comparable EBITA for the second quarter of 2024 decreased by 8% to EUR 141 million, down from EUR 153 million in the same period of the previous year. The Comparable EBITA margin was 10.6%, slightly lower than the 10.8% recorded in the previous year. The decrease was primarily due to lower performance in the Process Technologies segment.

Earnings Per Share

Valmet OYJ reported earnings per share (EPS) of EUR 0.31 for the second quarter of 2024, a decrease from EUR 0.54 in the same quarter of the previous year. The adjusted EPS was EUR 0.43, down from EUR 0.60. The decline in EPS was mainly attributed to lower operating profit and higher net financial expenses during the quarter.

Cash Flow and Outlook

Cash flow provided by operating activities for the second quarter of 2024 totaled EUR 128 million, a significant improvement from the negative EUR 37 million in the same period of the previous year. Looking ahead, Valmet OYJ reiterated its guidance for 2024, expecting net sales to remain at the previous year's level and Comparable EBITA to increase compared to 2023. The company also updated its short-term market outlook, noting improvements in the pulp, board, and paper markets.

Summarized from source with an LLMView Source

Key figures

-14.4%1Y

-14.6%3Y

19.3%5Y

Performance

33.1%1Y

31.4%3Y

32.2%5Y

Volatility