PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Metso Corporation

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Metso’s Financial Statements Review January 1 – December 31, 2011 - This is a summary of Metso’s Financial Statements Review 2011 and the complete report is attached as a pdf-file - Metso.com
Metso’s Financial Statements Review January 1 – December 31, 2011

 

NewswireToday - /newswire/ - Helsinki, Finland, 2012/02/09 - This is a summary of Metso’s Financial Statements Review 2011 and the complete report is attached as a pdf-file - Metso.com. MEO1V.HE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Highlights of 2011

• New orders and net sales were at a record high level.
• Orders received increased to EUR 7,961 million, i.e. 34 percent more than in the previous year (EUR 5,944 million). Orders received by the services business increased 18 percent and were EUR 3,100 million, i.e. 40 percent of all orders received (EUR 2,637 million and 45%).
• Net sales increased 20 percent from the previous year and were EUR 6,646 million (EUR 5,552 million). Services business net sales increased 17 percent and totaled EUR 2,871 million, i.e. 45 percent of total net sales (EUR 2,453 million and 45%).
• Earnings before interest, tax and amortization (EBITA), before non-recurring items, increased 28 percent and were EUR 628.5 million, i.e. 9.5 percent of net sales (EUR 491.0 million and 8.8%).
• Earnings per share were EUR 2.38 (EUR 1.71).
• Free cash flow was EUR 375 million (EUR 435 million).
• The Board proposes a dividend of EUR 1.70 per share, i.e. 71 percent of earnings per share (EUR 1.55 and 91% of earnings per share). The Board will consider later in 2012, if the financial situation of the company favors it, to make a proposal to an Extra General Meeting for an dividend in addition to the dividend to be decided by the AGM in March.

Highlights of the last quarter of 2011

• Strong closing quarter with high net sales and steady profitability.
• New orders totaled EUR 1,313 million in October–December, i.e. 12 percent less than in the comparison period (EUR 1,498 million) mainly due to decrease in Pulp, Paper and Power. Orders received by the services business increased 5 percent and were EUR 669 million, i.e. 54 percent of all orders received (EUR 637 million and 44%).
• Net sales increased 23 percent on the comparison period and were EUR 2,074 million (EUR 1,687 million). Our services business net sales increased 16 percent and totaled EUR 829 million, i.e. 41 percent of total net sales (EUR 715 million and 43%).
• Earnings before interest, tax and amortization (EBITA), before non-recurring items, increased 35 percent and were EUR 202.1 million, i.e. 9.7 percent of net sales (EUR 149.8 million and 8.9%).
• Earnings per share were EUR 0.81 (EUR 0.50).
• Free cash flow was EUR 45 million (EUR 114 million).

Metso’s President and CEO Matti Kähkönen comments on last year:

Last year was successful for us in many ways. We made good progress in a number of strategically important areas, such as growing our services business and our business in emerging markets as well as increasing our delivery capacity. I am particularly pleased with our all-time high order intake, which highlights our deep relationships with our customers and our ability to help them to perform better.

Looking at our customer industries it seems that mining continues to be very active and demand for both equipment and services is expected to stay good. We may not, however, see those exceptionally large orders in 2012 as we saw in 2011. Investments in the oil and gas industry continue to support our Flow Control business and the demand in power generation continues to be good. Construction market has remained unchanged. Demand in the pulp, paper and board industry slowed down towards the end of 2011 and has stabilized since then. We do not anticipate significant changes for that demand during 2012, although better availability of financing could help that market recover.

Our order backlog for 2012 is strong at around EUR 4 billion, which gives us confidence that we will report higher net sales and profit (EBITA before non-recurring items) for 2012 compared to 2011. Overall, Metso is fit for the future and we will continue to implement our strategy in order to add value for our customers and other stakeholders.

As of December 1, 2011, Metso’s operating structure was organized into the following three reporting segments: Mining and Construction; Automation; and Pulp, Paper and Power. Recycling and Valmet Automotive are reported as separate entities. The segment information has been disclosed according to the new operating structure.

Short-term outlook:

Market development
In recent months, demand has been healthy in most of our customer industries with some variation by customer industry and geographic area. We estimate that in the emerging markets the operating environment will continue to be good. We anticipate that most of our customer industries will continue to utilize their capacity at a good or satisfactory level supporting our services business. The financial uncertainty in the euro zone, the budget deficit in the US, the availability of financing and fluctuations in the exchange rates may, however, influence market activity in the early part of 2012.

Metal prices still remain relatively high. The activity level for quotations for equipment and projects from mining companies has been good. We expect the underlying demand in the mining market to remain good in the early part of 2012, although we do not anticipate the same amount of large capital orders we received last year. However, a potential further tightening in the availability of financing and a continued decline in metal prices may have a negative impact on the demand for new equipment. Due to the expected high utilization rates of mines and our large installed equipment base, we expect demand for our mining services to remain good.

In the Asia-Pacific region and Brazil, economic growth continues and infrastructure projects are maintaining demand for construction equipment at a good level. We anticipate that the demand for equipment used in aggregates processing by the construction industry in Europe and in North America will stay at the current relatively low level going forward. We estimate that the demand for our services for the construction industry will remain satisfactory.

We estimate that the demand for our automation products will continue to be good in early 2012. We anticipate the activity from the pulp and paper industry to somewhat slow down. We expect the demand for our automation solution services to continue to be excellent.

We expect the market for pulp mills to remain satisfactory after recent large project orders. The demand for rebuilds and services is expected to remain good, even though lower pulp prices and lower capacity utilization rates may stabilize the demand.

Demand for paper and board lines is expected to be weak and for tissue lines satisfactory in the early part of 2012. Capacity utilization rates in the paper and board industry may fall somewhat, yet keep the demand for our services at a good level.

Demand for power plants that use renewable energy sources is expected to continue to be good in the early part of 2012. There is continuous need to replace old energy sources and build new capacity. Demand for the power plant services business is expected to be good.

Financial development
In line with our earlier statement and assuming that the current demand in our customer industries does not clearly weaken due to the European economic situation or some other similar factor, we estimate that our net sales for 2012 will grow compared to 2011 and that our profit (EBITA before non-recurring items) will improve.

The estimates for our financial performance in 2012 are based on Metso’s current market outlook, order backlog for 2012 and business scope as well as on foreign exchange rates similar to those of December 2011.

Further information
Matti Kähkönen, President and CEO, Metso Corporation, T: +358 20 484 3000
Harri Nikunen, CFO, Metso Corporation, T: +358 20 484 3010
Juha Rouhiainen, VP, Investor Relations, Metso Corporation, T: +358 20 484 3253

Invitation to news conferences
Metso will arrange two news conferences in Helsinki on Thursday, February 9, 2012:
- A press conference in Finnish for media will be arranged at 1:30 pm. - 2:15 pm. Finnish time
- A news conference in English with live webcast and conference call for investors and analysts will be arranged at 03:00 pm. EET (Helsinki) / 01:00 pm. GMT (London) / 02:00 pm. CET (Paris) / 08:00 am. EST (New York)

Both events will take place at Metso’s Head Office, Fabianinkatu 9 A, Helsinki, Finland.

The news conference in English can also be followed through a live webcast at metso.com/Investors or through a conference call. Due to the live webcast, we are kindly asking those attending the news conference to be present 5 minutes prior to its start.

Conference call details
Conference call participants are requested to dial in a few minutes prior to the start of the conference on:
• US: +1 334 323 6201
• other countries: +44 20 7162 0077
• access code: 910 748

A replay will be available for 14 days until February 23, 2012 on:
• US: +1 954 334 0342
• other countries: +44 20 7031 4064
• access code: 910 748

An audio file (mp3) will be available at metso.com/Investors after the conference call and a transcript of the event will be available on Monday, February 13, 2012 at the latest.

Presentation material will be available after the publishing of the Financial Statements at metso.com/Investors.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Metso Corporation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Mining/Metal/Mineral articles,
CATCH Visitors via Your Competitors Announcements!


Metso’s Financial Statements Review January 1 – December 31, 2011

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Metso |
Publisher Contact: Press Office - Metso.com 
+358 20 484 100 metso.info[.]metso.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Metso Corporation securities in any jurisdiction including any other companies listed or named in this release.

Mining/Metal/Mineral via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Metso Corporation / Company Profile


Read Mining/Metal/Mineral Most Recent Related Newswires:

Boliden Selects Metso to Supply Equipment for A New Surface Crushing Station to Aitik Copper Mine in Sweden
Metso's Upgraded PlantTriage Software Simplifies Real-time Performance Management and Strengthens Cybersecurity
Metso Supplies Key Minerals Processing Equipment to Tibet Julong Copper for One of the Largest Greenfield Copper Projects in the World
Metso's Reliable Neles BWX Butterfly Valve Meets Requirements of Various Process Industries
Metso Introduces Integrated Approach for In-the-pit Operations
Metso Introduces Advanced Solutions for Fine Classification in Wet Minerals Processing
Rockwell Automation Outlines Steps for Achieving a Connected Mine
Metso Signs Landmark Deal with the World's Largest Copper Miner Codelco in Chile
Metso to Continue the Exclusive Lokotrack Distributor Agreement with Garriock Bros in the UK
Steel Dynamics, Inc. Wins Metals Company of the Year - Platts Global Metals Awards
Metso to Provide Crushing and Screening Plant and Life Cycle Services At Tata Steel's Sedibeng Iron Ore Mine
Metso Awarded its Largest Long-term Strategic Services Contract in North America with the World's Second Largest Producer of Soda Ash
Metso's Lokotrack® Machine Handovers During Bauma 2016 Highlight Customer Loyalty and Long Distributor Relationships
Metso Launches the N Series - A New Recycling Equipment Product Range to Offer Versatility and A Broader Choice to the Scrap Metal Industry
Metso Recognized Codelco El Teniente as the First Mining Company to Use Metso's Innovative Grinding Technology

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)