Metso's Interim Review January 1 - September 30, 2016

Metso's Interim Review January 1 - September 30, 2016 Metso Corporation's stock exchange release on October 21, 2016 at 09:00 a.m. local timeMetso will arrange a results audiocast todayat 13:00 EEST(5:00 EST, 10:00 UTC, 11:00 CET). The audiocast is viewable at ...

London, 21/10/2016 (informazione.it - comunicati stampa - industria)

www.metso.com/latestreports

Figures in brackets refer to the corresponding period in 2015, unless otherwise stated.

             

Metso's overall trading conditions in 2016 will be somewhat weaker compared to 2015. Demand for our products and services is expected to develop as follows:

At the end of September 2016, our backlog for the remainder of 2016 totaled approximately EUR 680 million, but due to current market conditions we expect some of these deliveries to be postponed into 2017. Internal efficiency actions will continue to improve competitiveness and they will result in negative net adjustment items of approximately EUR 30 million in 2016. Capital expenditure excluding acquisitions is expected to be lower than in 2015. Net financial costs are expected to be on the same level as in 2015.

Demand in the mining market in the third quarter remained at the same level compared to the previous quarter. Activity in the capital equipment business was stable; despite the fact that orders increased year-on-year, we do not foresee a rapid recovery from the current low level. Mining services orders were on the same level seen during the past 12 months. A slight improvement could be seen in the aggregates business, where sales in some markets, such as the Nordic countries, India and the US, have been growing this year. In Flow Control we saw weakness in the oil & gas sector demand during the quarter. This resulted in lower valve orders for customers' capex projects. Services orders in Flow Control were relatively stable.                 

Despite challenges in the market place, we have been able to maintain our profitability and financial position at a healthy level, thanks to internal efficiency improvement actions that we will continue to implement during the fourth quarter. Our EBITA margin of 12.1% was the highest seen so far this year and our free cash flow was good at EUR 106 million.

www.metso.com twitter.com/metsogroup

Matti Kähkönen, President and CEO, Metso Corporation, tel. +358 20 484 3000
Eeva Sipilä, CFO, Metso Corporation, tel. +358 20 484 3010
Juha Rouhiainen, VP, Investor Relations, Metso Corporation, tel. +358 20 484 3253                 
                                  

Eeva Sipilä
CFO

Juha Rouhiainen
VP, Investor Relations

Distribution:
NASDAQ OMX Helsinki Ltd
Media
www.metso.com

Conference call participants are requested to dial in five minutes before the scheduled time on:
United States: +1 719 457 1036
other countries: +44 20 3043 2002

The confirmation code for joining the conference call is 2183391.

A recording of the event is available at www.metso.com/latestreports at the earliest after the event has finished and a transcript of the event will be available.