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

METSO

(METSO)
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Metso : screening media, lining, and conveyor accessories distribution strengthened with addition of L.S.W. Wear Parts Ltd.

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01/07/2020 | 07:02am EST

Metso Corporation press release on January 7, 2020, at 14:00 EET

Metso's North American aggregates distributor community is excited to welcome L.S.W. Wear Parts Ltd. of Eastern Canada.

L.S.W. is a second-generation, family-owned and operated business incorporated in 1993. The company has grown over the years to be a major supplier of aftermarket parts to the mining, construction, forestry, and energy industries.

To support their growing business and better accommodate future Metso customers, L.S.W. will be opening a new Bend & Band facility in 2020. The distributor has two current locations in Fredericton, New Brunswick, and Truro, Nova Scotia.

"Our company's philosophy has always been quality, value, and service to our customers," said Gregg Carr, President of L.S.W. "The Metso line of products coupled with our new bend and band facility only furthers our commitment to better facilitate solutions for existing and new clients."

"We have found in L.S.W. a solid partner with a customer service focus," said Jean Hebert, Vice President, Services Sales Canada at Metso. "We know that partnering with them will provide customers with added value screening solutions.''

L.S.W. will serve Metso customers in Nova Scotia, Prince Edward Island, New Brunswick, and Newfoundland and Labrador beginning January 1, 2020.

 [Metsos Jean Hebert and Rob Paxman left welcome LSW Wear Parts Ltd of Eastern Canada to the Metso aggregates distributor community]

Caption: Metso's Jean Hebert and Rob Paxman (left) welcome L.S.W. Wear Parts Ltd. of Eastern Canada to the Metso aggregates distributor community

[New stateoftheart Bend Band facility constructed by LSW Wear Parts Ltd to open in 2020]

Caption: New state-of-the-art Bend & Band facility constructed by L.S.W. Wear Parts Ltd. to open in 2020

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 3.2 billion in 2018. Metso employs over 14,000 people in more than 50 countries. 

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

 

For further information, please contact: 

Robert Paxman, Aftermarket Sales Support, Metso Canada, Tel. +1 416-948-1801, Email: Robert.paxman@metso.com

Stephanie Kaminski, Head of Marketing and Communications USA and Canada, Metso, Tel. +1 412.965.5533, Email: stephanie.kaminski@metso.com

Helena Marjaranta, Vice President, Communications and Stakeholder Relations, Metso Corporation, Tel. +358 20 484 3212, Email: helena.marjaranta@metso.com

https://news.cision.com/metso-corporation/r/metso-screening-media--lining--and-conveyor-accessories-distribution-strengthened-with-addition-of-l,c3000991

https://news.cision.com/metso-corporation/i/lsw-distributor2,c2732285

https://news.cision.com/metso-corporation/i/lsw-distributor,c2732286

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

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EBIT 2020 491 M
Net income 2020 318 M
Debt 2020 592 M
Yield 2020 4,33%
P/E ratio 2020 15,6x
P/E ratio 2021 14,4x
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EV / Sales2021 1,33x
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Mean consensus OUTPERFORM
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Average target price 36,39  €
Last Close Price 33,05  €
Spread / Highest target 45,2%
Spread / Average Target 10,1%
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