HELSINKI, FINLAND--(Marketwire - Dec 11, 2012) -
Metso Corporation's stock exchange release on December 11, 2012 at 8.30
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
Finland. Metso's senior management will review the Group's strategy and
financial performance at the event, and provide updated guidance on the
prospects of its businesses.
Metso's services business, one of the Group's key growth areas, will be
extensively at the Capital Markets Day. A number of growth opportunities in
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
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
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
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,
oil and gas. Our 30,000 professionals based in over 50 countries deliver
sustainability and profitability to customers worldwide. Expect results.
VP, Investor Relations
NASDAQ OMX Helsinki Ltd
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Metso Corporation via Thomson Reuters ONE