Metso publishes selected unaudited illustrative financial information for the Metso Minerals Business for the periods January-
Attached to this release is the carve-out information for the Metso Minerals Business relating to the income statement, balance sheet and cash flow statements for January-
On
The completion of the transaction is currently expected to take place on
Illustrative financial carve-out information of the Metso Minerals Business
[][][][][][][][][]
EUR million, percent 1-12/20 1-12/20
19 18
Orders received[(1)]...................................................................................................... 3,009 2,872
Orders received[(1)] by service business........................................................................ 1,907 1,777
share of orders received, percent.............................................................................. 63.4 61.9
Order backlog[(2)]......................................................................................................... 1,408 1,411
Sales......................................................................................................................... 2,976 2,581
Sales by services business.......................................................................................... 1,815 1,644
share of sales, percent.............................................................................................. 61.0 63.4
Adjusted EBITDA[(3)].................................................................................................. 409 314
share of sales, percent.............................................................................................. 13.7 12.2
Adjusted EBITA[(4)]..................................................................................................... 377 284
share of sales, percent.............................................................................................. 12.7 11.0
Operating profit......................................................................................................... 325 268
share of sales, percent.............................................................................................. 10.9 10.4
Profit for the period................................................................................................... 223 169
Net cash flow from operating activities...................................................................... 43 107
Net working capital[(5)]................................................................................................ 853 629
Net debt[(6)]................................................................................................................. 772 239
Gearing[(7)], percent..................................................................................................... 61.6 20.2
Equity to assets ratio[(8)], percent.................................................................................. 39.1 44.0
Total assets................................................................................................................ 3,457 2,979
Personnel at the end of period.................................................................................... 12,451 10,367
Formulas for key figures
(1) Orders = Orders
received received
during the
period
(2) Order = Undelivered
backlog orders at the
end of the
reporting
period
(3) Adjusted = Adjusted
EBITDA EBITA +
depreciation
(4) Adjusted = Operating
EBITA profit (EBIT)
+ restructurin
g and
acquisition
-related
costs +
amortization
(5) Net working = Inventories +
capital trade
receivables +
other non
-interest
-bearing
receivables +
customer
contract
assets and
liabilities,
net - trade
payables -
advances
received -
other non
-interest
-bearing
liabilities
(6) Net debt = Borrowings -
non-current
financial
assets - loan
and other
interest
-bearing
receivables
(current and
non-current)
- liquid
funds
(7) Gearing = Net debt × 10
0
Total equity
(8) Equity to = Total equity × 10
assets 0
ratio
Balance sheet total
- advances received
Basis of preparation for the selected carve-out financial information of the Metso Minerals Business
The Offering Circular published on
The carve-out financial statements of the Metso Minerals Business has been prepared on a going concern basis under the historical cost convention, except for financial assets and liabilities classified as at fair value through profit and loss account. The Metso Minerals Business has adopted the "IFRS 16 - Leases" and the "IFRIC 23 - Uncertainty over Income Tax Treatments" interpretation as of
The carve-out financial information of the Metso Minerals Business does not necessarily reflect what the Metso Minerals Business results of operations, financial position or cash flows would have been had the Metso Minerals Business operated as an independent company and had it presented stand-alone financial information during the periods presented. Also, the carve-out financial information of the Metso Minerals Business does not take into account any transactions that have been made or will be made in connection with the demerger or otherwise, to the extent such transactions will be entered before the demerger. Moreover, the carve-out financial information of the Metso Minerals Business alone is not indicative of the Combined Company's future results of operations, financial position or cash flows.
For further information, please contact:
Distribution:
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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
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