Metso Corporation

PINKSHEETS : MXCYY
HEX : MEO1V


December 11, 2012 01:39 ET

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 - Dec 11, 2012) -


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

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Source: Metso Corporation via Thomson Reuters ONE

[HUG#1663912]

Contact Information

  • Further information:

    Juha Rouhiainen
    VP, Investor Relations
    Metso Corporation
    tel. +358 20 484 3253