Preliminary information on Metso's fourth quarter 2017 results - Minerals' profitability weaker than expected
Preliminary information on Metso's fourth quarter 2017 results - Minerals' profitability weaker than expected
Preliminary information on Metso's fourth quarter 2017 results - Minerals' profitability weaker than expected
Metso Corporation, stock exchange release, January 15, 2018 at 09:15 EET
Metso's fourth quarter 2017 sales are estimated to total EUR 710 million, representing an increase of 5 percent from Q4/2016. However, profitability of the Minerals segment came in weaker than expected, due to a higher than estimated share of equipment sales compared to services sales and a weak margin of the services business. Metso's adjusted EBITA is estimated at EUR 64 million corresponding to a margin of 9.1 percent (Q4/2016: EUR 64 million and 9.4%). Metso's fourth quarter orders received are estimated at EUR 684 million (Q4/2016: EUR 672 million).
Metso will publish its fourth quarter and full-year 2017 results on Friday, February 2, 2018, at 9:00 a.m. EET. Until that, the company will refrain from giving additional details on its results due to the ongoing silent period.
| METSO GROUP | ||||
| Preliminary and unaudited | ||||
| EUR million, except when noted | ||||
| ORDERS RECEIVED | ||||
| 10-12/2017 | 10-12/2016 | 1-12/2017 | 1-12/2016 | |
| Minerals | 527 | 536 | 2,308 | 2,115 |
| Flow Control | 157 | 136 | 675 | 609 |
| Metso total | 684 | 672 | 2,982 | 2,724 |
| SALES | ||||
| 10-12/2017 | 10-12/2016 | 1-12/2017 | 1-12/2016 | |
| Minerals | 540 | 522 | 2,070 | 1,956 |
| Flow Control | 170 | 155 | 636 | 631 |
| Metso total | 710 | 676 | 2,706 | 2,586 |
| ADJUSTED EBITA | ||||
| 10-12/2017 | 10-12/2016 | 1-12/2017 | 1-12/2016 | |
| Minerals | 48.2 | 47.4 | 167.9 | 190.3 |
| Flow Control | 26.6 | 25.7 | 93.1 | 95.0 |
| Group Head Office and other | -10.5 | -9.3 | -17.3 | -11.3 |
| Metso total | 64.3 | 63.8 | 243.7 | 274.0 |
| ADJUSTED EBITA, % OF SALES | ||||
| 10-12/2017 | 10-12/2016 | 1-12/2017 | 1-12/2016 | |
| Minerals | 8.9 | 9.1 | 8.1 | 9.7 |
| Flow Control | 15.6 | 16.6 | 14.6 | 15.1 |
| Metso total | 9.1 | 9.4 | 9.0 | 10.6 |
Metso is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.
Our products range from mining and aggregates processing equipment and systems to industrial valves and controls. Our customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,000 services professionals. Metso has an uncompromising attitude towards safety.
Metso is listed on the NASDAQ OMX Helsinki, Finland, and had sales of about EUR 2.6 billion in 2016. Metso employs over 11,000 persons in more than 50 countries. Expect results.
www.metso.com, twitter.com/metsogroup
Contact:
Investor relations, tel. +358 20 484 3253
Distribution:
NASDAQ OMX Helsinki Ltd
Media
www.metso.com
Metso Corporation
Eeva Sipilä
CFO
Juha Rouhiainen
VP, Investor Relations