Metso Outotec Corporation's press release on October 8, 2020, at 11:15 a.m. EEST

Metso Outotec publishes historical illustrative segment information according to the company's new structure, which has been effective as of July 1, 2020. In line with the earlier announcement, Metso Outotec's segment reporting consists of Aggregates, Minerals and Metals & Recycling segments.  Metso Outotec's financial reporting will be based on this segment structure from the January-September 2020 interim report, which will be published on October 28, 2020.

Metso Outotec has prepared both illustrative and IFRS-based historical quarterly segment information for 2019 and January- June 2020. The illustrative historical segment information is presented as a combination of Metso Minerals carve-out information and Outotec information, according to the Metso Outotec segment structure. The Outotec information is based on Outotec's historical accounting principles, and the Outotec's Minerals Processing segment is included in Metso Outotec's Minerals segment and Outotec's Metals Refining segment is included in Metso Outotec's Metals & Recycling segment. The historical IFRS-based segment information for 2019 and January-June 2020 includes only Metso Minerals carve-out information.

The demerger of Metso Corporation and combination of Metso's Minerals business and Outotec was completed on June 30, 2020. In the transaction, the legal acquirer Outotec Oyj issued new shares to Metso Oyj shareholders and received all assets, rights, debts and liabilities related to Metso's Minerals business. In the IFRS reporting this transaction is treated as a reverse acquisition, where Metso Minerals is the accounting acquirer and Outotec the accounting acquiree. 

The figures in this release are unaudited.

Illustrative Historical Segment Information

ORDERS
RECEIVED

EUR 1-3/20 4-6/20 7-9/20 10 1-12/2 1-3/2020 4-6/2020 1-6/2020
million 19 19 19 -12/20 019
19
Aggregates 251 230 211 274 967 290 222 512
Minerals 684 689 781 716 2,870 710 645 1,355
Metals & 220 184 176 92 673 114 109 223
Recycling
Metso 1,155 1,104 1,169 1,082 4,510 1,114 976 2,090
Outotec
total

SALES

EUR 1-3/20 4-6/20 7-9/20 10 1-12/2 1-3/2020 4-6/2020 1-6/2020
million 19 19 19 -12/20 019
19
Aggregates 212 229 217 271 928 244 253 496
Minerals 578 650 704 696 2,627 596 653 1,250
Metals & 137 176 152 166 631 141 139 280
Recycling
Metso 927 1,054 1,073 1,132 4,186 981 1,045 2,026
Outotec
total

ADJUSTED EBITA AND OPERATING PROFIT

EUR million. 1-3/2 4-6/2 7-9/2 10 1-12/ 1-3/2020 4-6/2020 1-6/2020
% 019 019 019 -12/20 2019
19
Aggregates
Adjusted 25 29 28 30 112 16 34 50
EBITA  
% of sales 11.7 12.5 12.7 11.2 12.0 6.6 13.5 10.1
Amortization -1 -1 -1 -3 -5 -3 -3 -7
of
intangible
assets
Adjustment 0 -2 -4 -3 -9 0 -1 -1
items
Operating 24 26 23 25 98 13 30 43
profit
% of sales 11.3 11.5 10.7 9.2 10.6 5.2 12.0 8.7

Minerals
Adjusted 77 88 100 84 349 72 110 183
EBITA  
% of sales 13.3 13.5 14.3 12.1 13.3 12.1 16.9 14.6
Amortization -4 -5 -6 -4 -19 -5 -5 -10
of
intangible
assets
Adjustment -1 0 -5 -6 -12 -1 -1 -2
items
Operating 71 83 90 74 319 66 104 170
profit
% of sales 12.4 12.8 12.8 10.7 12.1 11.1 15.9 13.6

Metals &
Recycling
Adjusted 5 10 29 24 68 7 10 16
EBITA  
% of sales 3.3 5.5 19.2 14.6 10.7 4.7 6.9 5.7
Amortization -3 -2 -2 -2 -10 -2 -2 -5
of
intangible
assets
Adjustment - 0 0 -1 -1 -1 -2 -2
items
Operating 2 7 27 21 57 4 6 9
profit
% of sales 1.4 4.1 17.6 12.7 9.0 2.6 4.0 3.3

Group Head
Office and
other
Adjusted -5 -3 -4 1 -10 0 -14 -14
EBITA  
Amortization -2 -2 -2 -1 -7 -1 -1 -2
of
intangible
assets
Adjustment - -2 -8 -15 -25 -14 -34 -48
items
Operating -6 -6 -14 -15 -41 -14 -49 -63
profit

Metso
Outotec
total
Adjusted 102 123 153 140 519 95 141 235
EBITA  
% of sales 11.0 11.7 14.3 12.4 12.4 9.7 13.4 11.6
Amortization -9 -10 -11 -11 -40 -12 -11 -23
of
intangible
assets
Adjustment -2 -3 -17 -24 -46 -15 -38 -53
items
Operating 91 110 126 105 433 68 91 159
profit
% of sales 9.8 10.5 11.7 9.3 10.3 6.9 8.7 7.8

Segment Information, IFRS

ORDERS
RECEIVED

EUR 1-3/2 4-6/2 7-9/2 10 1-12/2019 1-3/2020 4-6/2020 1-6/2020
million 019 019 019 -12/20
19
Aggregates 251 230 211 274 967 290 222 512
Minerals 490 434 449 448 1,821 517 486 1,004
Metals & 82 40 62 37 221 66 54 120
Recycling
Metso 823 704 722 759 3,009 874 762 1,636
Minerals
total

SALES

EUR 1-3/2 4-6/2 7-9/2 10 1-12/2019 1-3/2020 4-6/2020 1-6/2020
million 019 019 019 -12/20
19
Aggregates 212 229 217 271 928 244 253 496
Minerals 416 453 491 467 1,828 399 440 839
Metals & 53 54 55 59 220 53 59 112
Recycling
Metso 681 735 763 797 2,976 696 751 1,447
Minerals
total

ADJUSTED EBITA AND OPERATING PROFIT

EUR million. 1-3/2 4-6/2 7-9/2 10 1-12/ 1-3/2020 4-6/2020 1-6/2020
% 019 019 019 -12/20 2019
19
Aggregates
Adjusted 25 29 28 30 112 16 34 50
EBITA  
% of sales 11.7 12.5 12.7 11.2 12.0 6.6 13.5 10.1
Amortization -1 -1 -1 -3 -5 -3 -3 -7
of
intangible
assets
Adjustment 0 -2 -4 -3 -9 0 -1 -1
items
Operating 24 26 23 25 98 13 30 43
profit
% of sales 11.3 11.5 10.7 9.2 10.6 5.2 12.0 8.7

Minerals
Adjusted 58 63 73 62 256 55 81 135
EBITA  
% of sales 13.9 14.0 14.8 13.2 14.0 13.7 18.4 16.2
Amortization 0 -1 -2 -1 -4 -1 -1 -2
of
intangible
assets
Adjustment -1 - -7 -5 -13 0 0 -1
items
Operating 56 62 64 56 239 53 79 132
profit
% of sales 13.5 13.8 13.0 12.1 13.1 13.3 18.0 15.8

Metals &
Recycling
Adjusted 3 2 4 3 13 2 6 8
EBITA  
% of sales 6.3 4.1 7.5 5.8 5.9 4.0 10.7 7.5
Amortization 0 0 0 0 0 0 0 0
of
intangible
assets
Adjustment - - - - - - 0 0
items
Operating 3 2 4 3 13 2 6 8
profit
% of sales 6.1 4.1 7.4 5.7 5.8 3.9 10.6 7.4

Group Head
Office and
other
Adjusted -3 -1 -2 3 -4 2 -12 -10
EBITA  
Amortization -2 -2 -2 -1 -7 -1 -1 -2
of
intangible
assets
Adjustment - - -7 -8 -14 -9 -17 -26
items
Operating -5 -3 -11 -6 -25 -9 -29 -38
profit

Metso
Minerals
total
Adjusted 83 93 102 99 377 74 110 184
EBITA  
% of sales 12.1 12.7 13.4 12.4 12.7 10.7 14.6 12.7
Amortization -3 -4 -5 -5 -16 -6 -5 -11
of
intangible
assets
Adjustment -2 -2 -17 -15 -36 -10 -18 -28
items
Operating 78 88 80 79 325 59 87 145
profit
% of sales 11.5 12.0 10.5 9.9 10.9 8.4 11.5 10.0

Further information, please contact:

Juha Rouhiainen, VP, Investor Relations, Metso Outotec Corporation, tel. +358 20 4843253, email: juha.rouhiainen@mogroup.com

Metso Outotec Corporation

Distribution:

Nasdaq Helsinki Ltd

Main media

www.mogroup.com

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, metals refining and recycling industries globally. By improving our customers' energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. 

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its illustrative combined sales for 2019 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com (https://www.mogroup.com/), twitter.com/metsooutotec

https://news.cision.com/metso-outotec-oyj/r/metso-outotec-s-historical-comparative-segment-information-for-2019-and-january-june-2020,c3212546

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