Breaking News

Tweet TWEET

Metso's Capital Markets Day to focus on the Group's services

Metso's Capital Markets Day to focus on the Group's services
business, and will include preliminary assessment on Metso's
financial performance in 2013 
HELSINKI, FINLAND -- (Marketwire) -- 12/11/12 --  
Metso Corporation's stock exchange release on December 11, 2012 at
8.30 a.m.
local time 
Metso will hold a Capital Markets Day event focused on the Group's
services business today, December 11, at Automation's Valve Technology
Center in Vantaa,
Finland. Metso's senior management will review the
Group's strategy and financial performance at the event, and provide
updated guidance on the future
prospects of its businesses. 
Services business 
Metso's services business, one of the Group's key growth areas, will
be covered
extensively at the Capital Markets Day. A number of growth
opportunities in the
services business have been identified in all of
Metso's segments, and to outline the potential seen here Metso has
decided to announce the following growth target and profitability
data: 


 
  * Metso's target is to grow annual net sales of its services business
    from the current level of approx. EUR 3.2 billion to EUR 4.5 billion by
    the end of 2016. This target is in line with the previously announced
    goal of annual growth of over 10%.
 
  * The EBITA margin (before non-recurring items) of Metso' services
    business was 14-15% in 2010, 2011, and the first three quarters of
    2012. In addition to increasing net sales, Metso is also aiming to
    increase the EBITA margin of its services business.

 
Assessment on Metso's financial performance in 2013 
Metso's management has also decided to provide the following update
on the Group's financial performance in 2013: 
Based on our current view of the global economy, market outlook, and
our order
backlog for 2013, we estimate that: 


 
  * Our net sales and EBITA before non-recurring items in 2013 will be at
    around the same level compared to 2012
  * Our segments' EBITA before non-recurring items will develop in 2013
    compared to 2012 as follows:
      * Mining and Construction and Automation improvement
      * Pulp, Paper and Power decline.

 
Metso's Capital Markets Day will begin at 9:00 a.m. Finnish time/EEST
(7:00 a.m.
GMT) Presentation material will be published on the Metso
Web site at www.metso.com/cmd. The event will also be broadcast live
via the site (compatible also for mobile devices). Recordings of
individual presentations
will be posted online after the event. 
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. 
www.metso.com, www.twitter.com/metsogroup 
Metso Corporation 
Harri Nikunen 
CFO 
Juha Rouhiainen 
VP, Investor Relations 
Distribution: 
NASDAQ OMX Helsinki Ltd 
Media 
www.metso.com 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
that: (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 
[HUG#1663912] 
Further information: 
Juha Rouhiainen
VP, Investor Relations
Metso Corporation
tel. +358 20 484 3253
 
 
Press spacebar to pause and continue. Press esc to stop.