This is a summary of Metso's
Figures in brackets refer to the corresponding period in 2018, unless otherwise stated.
October-
· Market activity continued to be good
· Orders received increased 1% to
· Sales grew 7%, totaling
· Adjusted EBITA improved to
· Operating profit improved to
· Earnings per share were
· Free cash flow was
· Acquisition of the Canadian mobile aggregates equipment supplier McCloskey was completed
· Shareholders approved Metso's partial demerger to create Metso Outotec and Neles. Closing is currently expected to take place on
January-
· Healthy market activity in both segments
· Orders received increased 5% to
· Sales grew 15%, totaling
· Adjusted EBITA increased to
· Operating profit increased to
· Earnings per share were
· Free cash flow was
· Transformative strategy year with the McCloskey acquisition and the transaction to merge Metso Minerals and
· The Board of Directors will propose a dividend of
Key figures
[]
EUR million Q4/2019 Q4/2018 Change % 2019 2018 Change %
Orders received 914 902 1 3,690 3,499 5
Orders received by 508 498 2 2,061 1,913 8
services business
% of orders 56 55 56 55
received
Order backlog at 1,688 1,686 0
end of period
Sales 963 897 7 3,635 3,173 15
Sales by services 516 473 9 1,967 1,773 11
business
% of sales 54 53 54 56
Adjusted EBITA 117 98 19 474 369 28
[*)]
% of sales 12.2 10.9 13.0 11.6
Operating profit 96 93 3 418 351 19
% of sales 10.0 10.4 11.5 11.1
Earnings per 0.41 0.42 -2 1.94 1.53 27
share, EUR
Free cash flow 18 57 39 146 -68
Return on capital 18.7 16.9
employed (ROCE)
before taxes, %
Equity to assets 42.1 47.7
ratio, %
Net gearing, % 52.7 11.7
Personnel at end 15,821 13,150 20
of period
Market outlook:
· Market activity in both segments, Flow Control and Minerals, is expected to remain at the current level in both the equipment and services business.
Metso's market outlook describes the expected sequential development of market activity during the following
six-month period using three categories: improve, remain at the current level, or decline.
President and CEO
The last year was in many ways historical and transformative for Metso. It also marked a record in our financial performance, as our sales increased in both segments and our profitability was higher than ever in the company's history. Other significant accomplishments included the launches of many new products as well as new initiatives in sustainability. What is common to our new products is that they are designed to accommodate our customers' focus on improving their productivity. In sustainability, we published the Metso Climate Program, which aims for notable reductions in emissions. We also succeeded in improving our safety performance significantly. The great performance in 2019 is thanks to all the Metso people, who have shown their capabilities and commitment during the year.
In 2019, we made two major strategic decisions, which are transformative to both Metso and our industry. The first was the acquisition of McCloskey, a Canadian supplier of mobile aggregates crushers and screens. After the closing of the acquisition in October, Metso's offering strengthened in the mobile aggregates equipment market, which is estimated to see the industry's fastest-growing demand.
The second and truly transformative step was the decision related to the partial demerger of Metso, after which Metso's Minerals business will be combined with
Audiocast and conference call details
Metso's President and CEO
A recording and a transcript will be available at the same webpage after the event has finished.
Conference call participants are requested to dial in five minutes before the event on:
other countries: +44 (0) 333 300 0804
The confirmation code for joining the conference call is 46951233#
For further information, please contact:
CFO
VP, Investor Relations
Distribution:
Nasdaq
Media
www.metso.com
Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in
metso.com (http://www.metso.com/), twitter.com/metsogroup (http://www.twitter.com/metsogroup)
https://news.cision.com/metso-corporation/r/metso-s-financial-statements-review-january-1---december-31--2019,c3028786
https://mb.cision.com/Public/19005/3028786/a270aae60dbe8f76.pdf
(c) 2020 Cision. All rights reserved., source