Metso Corporation's Interim Review January 1 - September 30,

Metso Corporation's Interim Review January 1 - September 30, 2012 
HELSINKI, FINLAND -- (Marketwire) -- 10/25/12 --  Metso Corporation's
stock exchange release on October 25, 2012 at 12:00 a.m. local time 
Stable performance and strong service orders 
Metso will hold a news conference for media, investors and analysts
in Helsinki
on Thursday, October 25, 2012 at 3:00 pm Finnish time. The
event will take place
at Metso Group Head Office, Fabianinkatu 9 A,
Helsinki, Finland. The news conference can also be followed through a
live webcast at or through a simultaneously
arranged conference call.
The news conference will be held in English
(details at the end of this release). 
This is a summary of Metso's Q3/2012 Interim Review. Complete report
is attached
to this release as a pdf-file and is also available at 
Figures in brackets, unless otherwise stated, refer to the comparison
i.e. the same period last year. 
Highlights of the third quarter of 2012 
* New orders worth EUR 1,511 million were received in
July-September (EUR 1,918 million). Orders declined, mainly in the
Pulp, Paper and Power segment. Orders received by the services
business across all segments increased strongly to EUR 830 million
and represented 57 percent of all orders received (EUR 717 million
and 39%). 
* Net sales increased 12 percent compared to the same period last
year and were EUR 1,754 million (EUR 1,561 million). Services business
net sales were up 11 percent and totaled EUR 788 million, accounting
for 46 percent of total net sales (EUR 711 million and 48%). 
* Earnings before interest, tax, and amortization (EBITA), before
non-recurring items, increased 5 percent and were EUR 171 million,
i.e. 9.7 percent of net sales (EUR 163 million and 10.4%). 
* Earnings per share were EUR 0.74 (EUR 0.63). 
* Free cash flow was EUR 118 million (EUR 213 million). 
Our guidance for financial performance during 2012 remains unchanged
We estimate that our net sales for 2012 will grow compared to 2011
and that our
profit (EBITA before non-recurring items) will improve. 
The estimates for our financial performance in 2012 are based on
Metso's current
market outlook, strong order backlog for 2012, and
current business scope, as
well as on foreign exchange rates
remaining similar to those in September 2012. 
Metso's President and CEO Matti Kaehkoenen comments on the third
Demand was very much in line with our expectations. We
experienced some softening in mining projects towards the end of the
quarter, although demand
remained at a historically good level.
Quarterly orders were satisfactory, considering that we did not
receive any large project orders. I am pleased with
the growth of our
services orders, in particular, and this will support good net sales
development in services going forward. Group net sales and EBITA both
increased and were on a healthy level. 
In September, we took the decision to restructure our paper machine
business in Finland as a result of the permanent changes that have
been experienced in the
industry. By implementing these necessary
changes, we can ensure that we will be able to maintain our
competitiveness and leading position in a rapidly changing
Metso's key figures 

EUR million                    Q3/   Q3/ Change Q1-Q3/ Q1-Q3/   Change 2011
                               2012  2011   %    2012   2011        %
 Orders received              1,511 1,918  -21  5,166  6,648      -22 7,961
 Orders received of services    830   717   16  2,523  2,431        4 3,100
    % of orders received (*))    57    39          51     38             40
 Order backlog at end of                        5,031  5,926      -15 5,310
 Net sales                    1,754 1,561   12  5,406  4,572       18 6,646
 Net sales of services          788   711   11  2,304  2,042       13 2,871
    % of net sales (*))          46    48          44     47             45
 Earnings before interest,
 tax and amortization (EBITA)
 and non-recurring items      170.6 163.0    5  488.4  426.4       15 628.5
    % of net sales              9.7  10.4         9.0    9.3            9.5
 Operating profit             156.9 149.4    5  449.0  383.3       17 571.8
    % of net sales              8.9   9.6         8.3    8.4            8.6
 Earnings per share, EUR       0.74  0.63   17   2.00   1.57       27  2.38
 Free cash flow                 118   213  -45    188    330      -43   375
 Return on capital employed
 (ROCE) before taxes,                            20.1   16.6           18.4
 annualized, %
 Equity to assets ratio at
 end of period, %                                41.8   38.4           39.8
 Gearing at end of period, %                     16.7   13.8           12.2

(*) )Excluding Valmet Automotive 
Short-term outlook 
Market development 
Demand has been healthy in most of our customer industries during the
year, with
some variation between different customer industries and
geographical areas.
Increased uncertainty was experienced in the
global economy, mainly due to a
slowdown in India and China. However,
we anticipate that the operating environment in emerging markets will
remain good in most of our customer industries. We anticipate that
most of our customer industries will continue to utilize their
capacity at a good or satisfactory level, thereby supporting
services business. 
We expect underlying demand in the mining market to remain on a
good level. It is possible, however, that demand for
capital equipment might be slightly lower during the next couple of
quarters. Due to the high utilization
rates expected at mines, our
large installed equipment base, and our stronger
services presence,
we expect demand for our mining services to remain excellent.
for construction equipment is projected to stay flat and to be
satisfactory in the Asia-Pacific region and Brazil. We anticipate
that demand
for equipment used in aggregates processing by the
construction industry in Europe and North America will stay at
current relatively low levels going forward. Demand for our
construction industry services is expected to
Demand for process automation systems and flow
control products and services is also expected to remain good. The
strength of the oil and gas industry is expected to offset the
anticipated slowdown in pulp and paper industry. 
The market for pulp mills is expected to remain satisfactory, with
good demand
for rebuilds and services. Demand for papermaking lines is
expected to remain
weak. Capacity utilization rates in the paper and
board industry might decline
somewhat, although the outlook for
services is good. Demand for power plants
that use renewable energy
sources, together with that for power plant services,
is expected to
remain satisfactory. 
Metso is a global supplier of technology and services to customers in
the process industries, including mining, construction, pulp and
paper, power, and
oil and gas. Our 30,000 professionals based in over
50 countries deliver sustainability and profitability to customers
worldwide. Expect results., 

Metso Corporation
Harri Nikunen
Juha Rouhiainen
VP, Investor Relations

Invitation to news conference 
Metso will arrange a news conference in Helsinki on Thursday, October
25, 2012
at 3:00 pm EEST / Helsinki (08:00 EDT / New York, 13:00 GMT /
London, 14:00 CEST
/ Paris) 
The event will take place at Metso Group Head Office, Fabianinkatu 9
A, Helsinki, Finland. The news conference will be held in English. 
The conference can also be followed through a live webcast at and a simultaneously arranged conference
call at 3:00
pm EEST. It will be possible to ask questions during the
event through the conference call. 
Due to the live webcast, we kindly ask those attending to be present
5 minutes
prior to the start of the event. 
Conference call details Conference call participants are requested to
dial in five minutes before the
scheduled time at: 

US: +1 877 491 0064
other countries: +44 20 7162 0077
access code: 910 755

A replay of the call will be available until November 8, 2012 on the
phone numbers: 

US: +1 954 334 0342
other countries: +44 20 7031 4064
access code 910 755

An audio file (mp3) and a transcript of the event will be made
available for
downloading at on Friday,
October 26, 2012 the latest. 
The presentation material for the event will be accessible after the
review publication on October 25, 2012 at at approximately 12 noon EEST. 
You are most welcome to participate. 

NASDAQ OMX Helsinki Ltd

Interim Review Q3 2012: 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
(i) the releases contained herein are protected by copyright and
other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein. 
Source: Metso Corporation via Thomson Reuters ONE 
For further information, please contact:
Matti Kahkonen
President and CEO
Metso Corporation
tel. +358 20 484 3000 
Harri Nikunen
Metso Corporation
tel. +358 20 484 3010 
Juha Rouhiainen
VP, Investor Relations
Metso Corporation
tel. +358 20 484 3253
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