Metso Corporation's stock exchange release on March 30, 2011 at 3:00 p.m. local
At Metso Corporation's Annual General Meeting starting today at 3:00 pm,
President and CEO Matti Kähkönen reports that the development of Metso's
operating environment during the early part of the year has continued in line
with the company's expectations.
"In conjunction with the publication of the financial statements on February
3, 2011, we estimated that the gradual recovery will continue in most of our
customer industries this year. The development of the markets supports this
view: the beginning of the year has been favorable for us in terms of new
orders", President and CEO states.
"During the first months of 2011 our services business has developed well due to
the improving capacity utilization rates of our customers. What is more, our
customers have made decisions on some larger projects", Matti Kähkönen comments.
"Uncertainties in the generally favorable outlook are created by e.g. the
fragility of economic recovery in developed markets and stronger inflation
pressures. On the positive side, demand in emerging markets remains steady, the
outlook in the mining industry continues to improve and the demand for services
is expected to remain strong in all our businesses."
Matti Kähkönen continues: Already today Metso's position in the markets is
strong and our financial situation and strategy are on solid footing. We are
well positioned to benefit from the global megatrends. Favorable economic
development in emerging markets not only supports the demand for metals, energy
and other infrastructure solutions, and paper and board, it also offers us
excellent opportunities. Our strong position in services is based on long-term
customer relationships and our extensive installed equipment base, and we are
continuously developing our services portfolio. Global concern about
environmental issues and sustainability creates demand also for our eco-
efficient solutions and for the life-cycle services supporting them. So our
strategic focus areas offer us excellent growth opportunities also in the
Metso is a global supplier of sustainable technology and services for mining,
construction, power generation, automation, recycling and the pulp and paper
industries. We have about 28,500 employees in more than 50 countries.
Further information for the press, please contact:
Matti Kähkönen, President and CEO, Metso Group, tel. +358 20 484 3000
Further information for investors, please contact:
Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel.
+358 20 484 3253
It should be noted that certain statements herein which are not historical
facts, including, without limitation, those regarding expectations for general
economic development and the market situation, expectations for customer
industry profitability and investment willingness, expectations for company
growth, development and profitability and the realization of synergy benefits
and cost savings, and statements preceded by "expects," "estimates," "forecasts"
or similar expressions, are forward-looking statements. These statements are
based on current decisions and plans and currently known factors. They involve
risks and uncertainties which may cause the actual results to materially differ
from the results currently expected by the company.
Such factors include, but are not limited to:
(1) general economic conditions, including fluctuations in exchange rates and
interest levels which influence the operating environment and profitability of
customers and thereby the orders received by the company and their margins
(2) the competitive situation, especially significant technological solutions
developed by competitors
(3) the company's own operating conditions, such as the success of production,
product development and project management and their continuous development and
(4) the success of pending and future acquisitions and restructuring.
Vice President, Investor Relations
NASDAQ OMX Helsinki Ltd