Metso Corporation's stock exchange release on July 23, 2025, at 09:00 a.m. EEST
Figures in brackets refer to the corresponding period in 2024, unless otherwise
stated.
Second-quarter 2025 in brief
· Overall market activity remained at the previous quarter's level
· Orders received increased 6% to EUR 1,234 million (EUR 1,162 million);
Aggregates +5% and Minerals +7%
· Sales were flat at EUR 1,213 million (EUR 1,214 million); Aggregates -3% and
Minerals +1%
· Adjusted EBITA was EUR 171 million, or 14.1% of sales (EUR 205 million, or
16.9%).
· Operating profit was EUR 173 million, or 14.2% of sales (EUR 195 million, or
16.1%)
· Cash flow from operations was EUR 147 million (EUR 152 million)
January-June 2025 in brief
· Orders received increased 5% to EUR 2,647 million (EUR 2,523 million)
· Sales declined 2% to EUR 2,385 million (EUR 2,431 million)
· Adjusted EBITA declined 10% to EUR 364 million and was 15.3% of sales (EUR
405 million, or 16.7%)
· Operating profit declined to EUR 343 million and was 14.4% of sales (EUR 383
million, or 15.8%)
· For continuing operations, earnings per share were EUR 0.26 (EUR 0.31).
Earnings per share were EUR 0.22 (EUR 0.30)
· Cash flow from operations was EUR 343 million (EUR 309 million)
President and CEO Sami Takaluoma:
Market activity in the second quarter met expectations, and the positive trends
observed from the beginning of the year continued in both the minerals and
aggregates markets. To date, we have been able to manage the uncertainties
related to tariffs and their impact on our business, demonstrating our strong
global presence and resilience to evolving circumstances.
Thanks to healthy market activity and a robust quotation pipeline, orders
increased by 6 percent year-on-year, or 10 percent in constant currencies, to
EUR 1,234 million in the second quarter. The Aggregates segment achieved a 5
percent growth in orders, driven by a 14 percent increase in equipment orders.
Both North American and European markets contributed to this growth. The
Minerals segment achieved growth of 7 percent, supported by both the equipment
and services business. Minerals equipment orders grew by 10 percent, thanks to a
strong intake of small and mid-size orders. Services also saw overall healthy
customer demand, and orders grew by 5 percent.
Sales are gradually accumulating from the backlog, resulting in flat year-on
-year development in the second quarter, with a slight increase in Minerals and
a small decline in Aggregates. Our profitability did not reach the levels we
reported during the previous periods, as adjusted EBITA margins of the both
segments were lower. This was largely due to sales mix and temporarily higher
costs. The negative impact of the sales mix was greater than usual due to a
decline in services sales. In addition, we successfully implemented a major ERP
upgrade go-live, marking a significant milestone in a project, which is expected
to deliver substantial long-term benefits. However, to finalize the
implementation, we incurred additional costs that had a negative impact on our
profitability in the second quarter. Our cash flow from operations remained
healthy, amounting to EUR 147 million. We will continue to implement measures to
further improve cash generation going forward.
During the second quarter, we agreed on the sale of our Ferrous business to SMS
group. The Ferrous business has been reported as discontinued operations. We
also advanced initiatives to strengthen our offerings and customer service. At
the beginning of April, we completed the acquisition of Swiss Tower Mills
Minerals, reinforcing our position as a leading provider of energy-efficient
grinding solutions. In early July, we signed an agreement to acquire TL
Solution, bolstering our mill lining recycling offerings, and closed the
acquisition of a screen business in China. Additionally, we announced the
construction of a new service center in Western Canada and a new screening plant
in Romania. Both investments will enhance our position and service capabilities
close to our customers.
As indicated earlier, we will complete our strategy review in the coming months
and present it during the second half of the year. Metso is well-placed to grow
and generate value for customers in both the aggregates and minerals markets,
and I am confident that our future will be beneficial to all our stakeholders.
Market outlook
Metso expects that the market activity in both Minerals and Aggregates will
remain at the current level. Tariff-related turbulence could potentially affect
global economic growth and market activity.
In its previously published outlook, Metso expected the market activity in both
Minerals and Aggregates to remain at the current level.
According to the company's disclosure policy, Metso's market outlook describes
the expected sequential development of market activity, adjusting for
seasonality, during the following six-month period using three categories:
improve, remain at the current level, or decline.
Key figures
EUR million Q2/202 Q2/202 Change Q1-Q2/2 Q1-Q2/2 Change 2024
5 4 % 025 024 %
Orders received 1,234 1,162 6 2,647 2,523 5 5,140
Orders received by 719 701 3 1,517 1,516 0 2,881
services business
% of orders received 58 60 - 57 60 - 56
Order backlog 3,089 3,091 0 3,046
Sales 1,213 1,214 0 2,385 2,431 -2 4,863
Sales by services 668 690 -3 1,350 1,417 -5 2,824
business
% of sales 55 57 - 57 58 - 58
Adjusted EBITA 171 205 -16 364 405 -10 804
% of sales 14.1 16.9 - 15.3 16.7 - 16.5
Operating profit 173 195 -12 343 383 -11 727
% of sales 14.2 16.1 - 14.4 15.8 - 15.0
Earnings per share, 0.12 0.16 -25 0.26 0.31 -16 0.59
continuing operations,
EUR
Cash flow from 147 152 -3 343 309 11 576
operations
Gearing, % 53.0 40.6 - 44.9
Net debt/EBITDA, last 1.5 1.1 - 1.3
12 months
Personnel at end of 17,424 17,105 2 16,832
period
Audiocast and conference call details
President and CEO Sami Takaluoma and CFO Pasi Kyckling will present the results
in an audiocast and a conference call for analysts and investors today at 1:00
p.m. EEST.
The audiocast can be followedat
the company's website (https://www.metso.com/corporate/investors/financials/inter
im-review/). A recording and a transcript will be available on the same webpage
after the event has finished.
The teleconference can be accessed by registering on the link below.
https://events.inderes.com/metso/q2-2025/dial
-in (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fevents.ind
eres.com%2Fmetso%2Fq2-2025%2Fdial
-in&data=05%7C02%7Celena.ranta%40metso.com%7C821021511c9f4780fc5a08dd9d1c3605%7C5
c5456f4c40240c5a73de78777e7bf9e%7C0%7C0%7C638839466691259934%7CUnknown%7CTWFpbGZs
b3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsI
ldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=vJojC4Qn6wXR%2BRf2CzFKTEr8UAo4Awtn3QSPM8hBhnU%
3D&reserved=0)
The complete Interim Report is available as an attachment to this release.
Further information, please contact:
Juha Rouhiainen, Vice President, Investor Relations, Metso Corporation,
tel. +358 20 484 3253,
email: juha.rouhiainen(a)metso.com (juha.rouhiainen@metso.com)
Distribution:
Nasdaq Helsinki Ltd
Main media
www.metso.com
Metso is a frontrunner in sustainable technologies, end-to-end solutions and
services for the aggregates, minerals processing and metals refining industries
globally. We improve our customers' energy and water efficiency, increase their
productivity, and reduce environmental risks with our product and service
expertise. We are the partner for positive change.
Metso is headquartered in Espoo, Finland. At the end of 2024 Metso had close to
17,000 employees in around 50 countries, and sales in 2024 were about EUR 4.9
billion. Metso is listed on the Nasdaq Helsinki. metso.com