Stock exchange release
December 11, 2012 09:30 AM EEST
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
Metso Corporation's stock exchange release on December 11, 2012 at 8.30 a.m.
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.
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
Juha Rouhiainen, VP, Investor Relations, Metso Corporation, tel.
+358 20 484 3253
VP, Investor Relations
NASDAQ OMX Helsinki Ltd