Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Metso Oyj    METSO   FI0009007835

METSO OYJ

(METSO)
  Report
Delayed Quote. Delayed NASDAQ OMX HELSINKI LTD. - 03/27 12:29:34 pm
19.5 EUR   -4.74%
03/27METSO OYJ : introduces major investments in Mesa repair facility
AQ
03/25METSO OYJ : S&P Global Ratings lowered Metso's credit rating
AQ
03/24METSO CORPORATION : Managers' transactions - Eeva Sipilä
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Metso : publishes selected illustrative financial information for the Metso Minerals Business for January-December 2019 and the comparison period of 2018

share with twitter share with LinkedIn share with facebook
share via e-mail
02/06/2020 | 03:16am EDT

Metso Corporation, stock exchange release, February 6, 2020, at 10:15 a.m. EET

Metso publishes selected unaudited illustrative financial information for the Metso Minerals Business for the periods January-December 2019 and for the comparison period of 2018. This information is complementary to the information published on October 7, 2019, in the Offering Circular relating to the demerger and combination of the Metso Minerals Business and Outotec. Basis of preparation of these unaudited illustrative carve-out financial information is based on principles applied in the Offering Circular.

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-December 2019 and the comparison period of 2018.

On October 29, 2019, the extraordinary general meeting (EGM) approved the proposal to combine the Metso Minerals Business and Outotec to create Metso Outotec. As a result, Metso's Flow Control business will become the continuing business of the currently listed Metso, which will be subsequently renamed Neles and become an independent listed company supplying flow control products and services. The transaction will be executed through a partial demerger of Metso, in which all assets and liabilities of Metso that relate to, or primarily serve, the Metso Minerals Business will transfer to Outotec, without liquidation of Metso.

The completion of the transaction is currently expected to take place on June 30, 2020, subject to the receipt of all required regulatory and other approvals, including competition clearances.

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 October 7, 2019, includes audited carve-out financial statements of the Metso Minerals Business as at and for the years ended December 31, 2018, 2017 and 2016 and unaudited interim carve-out financial information of the Metso Minerals Business as at and for the six months ended June 30, 2019, including comparison period 2018.The audited carve-out financial statements have been prepared in accordance with IFRS under consideration of the carve-out principles for determining which assets and liabilities, income and expenses as well as cash flows are to be assigned to the Metso Minerals Business as described in the notes to the carve-out financial statements.

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 January 1, 2019, and transferred to new standard and interpretation in accordance with the modified retrospective approach. Therefore, the carve-out financial information for the previous year 2018 is not comparable.

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:

Juha Rouhiainen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 5132

 

Metso Corporation

Distribution:

Nasdaq Helsinki

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 Finland and had sales of about EUR 3.6 billion in 2019. Metso employs over 15,000 people in more than 50 countries.

metso.com (http://www.metso.com/), twitter.com/metsogroup (http://www.twitter.com/metsogroup)

https://news.cision.com/metso-corporation/r/metso-publishes-selected-illustrative-financial-information-for-the-metso-minerals-business-for-janu,c3028888

https://mb.cision.com/Public/19005/3028888/bce26d5d7fdb8081.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
METSO OYJ -4.74% 19.5 Delayed Quote.-41.81%
OUTOTEC OYJ -6.81% 3.216 Delayed Quote.-40.07%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on METSO OYJ
03/27METSO OYJ : introduces major investments in Mesa repair facility
AQ
03/25METSO OYJ : S&P Global Ratings lowered Metso's credit rating
AQ
03/24METSO CORPORATION : Managers' transactions - Eeva Sipilä
AQ
03/23METSO : Ex-dividend day for final dividend
FA
03/20METSO CORPORATION : Managers' transactions - Stephan W. Kirsch
AQ
03/18METSO OYJ : evaluating potential closure of its operations in Vereeniging, South..
AQ
03/17METSO OYJ : supplies calcining system to Russia
AQ
03/17METSO OYJ : The Annual General Meeting of Metso Corporation postponed due to cor..
AQ
03/16NOTIFICATION ACCORDING TO CHAPTER 9, : BlackRock Inc.'s holding in Metso
AQ
03/12METSO : USA based Cape Cod Aggregates awarded with a free Metso SiteBooster site..
AQ
More news
Financials (EUR)
Sales 2020 3 781 M
EBIT 2020 445 M
Net income 2020 277 M
Debt 2020 608 M
Yield 2020 7,41%
P/E ratio 2020 10,6x
P/E ratio 2021 9,33x
EV / Sales2020 0,93x
EV / Sales2021 0,90x
Capitalization 2 926 M
Chart METSO OYJ
Duration : Period :
Metso Oyj Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends METSO OYJ
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 32,59  €
Last Close Price 19,50  €
Spread / Highest target 146%
Spread / Average Target 67,1%
Spread / Lowest Target 20,5%
EPS Revisions
Managers
NameTitle
Pekka Juhani Vauramo President & Chief Executive Officer
Percy Henrik Mikael Lilius Chairman
Eeva Sipilä Chief Financial Officer & Deputy CEO
Vesa Erolainen Chief Information Officer
Christer Göran Harald Gardell Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
METSO OYJ-41.81%3 245
ATLAS COPCO AB-13.06%36 902
ROPER TECHNOLOGIES, INC.-13.67%32 447
FANUC CORPORATION6.08%26 993
INGERSOLL-RAND-37.80%19 709
SANDVIK AB-20.04%17 547