Valmet changes its financial reporting structure aligned with new strategy and
provides comparative segment information for 2024 and January-March 2025
Valmet Oyj's stock exchange release onJune 4, 2025 at 8:30 p.m. EEST
Valmet changes its financial reporting structure to reflect its new strategy,
which was published today, and the new operating model announced on March 31,
2025. The new operating model and reporting structure will take effect on July
1, 2025.
In the new financial reporting structure, Valmet consists of two reportable
segments: Biomaterial Solutions and Services, and Process Performance Solutions.
Biomaterial Solutions and Services segment provides technology solutions and
services throughout the lifecycle for its customers who operate mainly in pulp,
paper and energy industries.
Process Performance Solutions segment delivers flow control technologies as well
as automation solutions ranging from single measurements to mill- or plant-wide
process automation systems, along with the associated services. It has a
diversified portfolio of customer industries globally.
The two segments are comprised of business areas as follows:
· Biomaterial Solutions and Services segment consists of three business areas:
· Pulp, Energy and Circularity
· Packaging and Paper
· Tissue
· Process Performance Solutions segment consists of two business areas:
· Flow Control
· Automation Solutions
The business areas Pulp, Energy and Circularity; Packaging and Paper; and Tissue
combine Valmet's technology and service businesses for their respective customer
industries. Each business area integrates technology deliveries and lifecycle
services to strengthen customer proximity, lifecycle focus, and value creation
with industry-specific offerings.
The Flow Control business area corresponds to the former Flow Control business
line. The Automation Solutions business area was previously called Automation
Systems business line.
For both reportable segments, Valmet will report orders received, net sales and
profitability (EBITA and comparable EBITA), as well as amortization and items
affecting comparability. Valmet will also report services orders received and
net sales for the Biomaterial Solutions and Services segment to maintain
visibility to this strategically important part of the business.
For each business area, Valmet will report orders received, net sales and
personnel.
Valmet will continue to report orders received, net sales and personnel for the
five geographical areas: North America, Latin America (previously South
America), EMEA, China and Asia-Pacific.
The new reporting structure is aligned with the way Valmet management follows
the operational performance of Valmet's businesses.
Valmet will change its financial reporting structure to correspond to the new
operating model in its January-September 2025 Interim Review. To provide a basis
for comparison, the following tables show financial information with the new
reporting structure on an unaudited basis for all four quarters and full year
2024, as well as first quarter of 2025. As additional information Valmet plans
to publish the corresponding financial information for the first six months of
2025 and for the second quarter 2025 in its Half Year Financial Review 2025.
Quarterly information
Orders received, Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025
EUR million
Biomaterial 722 930 719 2 020 4 392 926
Solutions and
Services
Pulp, Energy 259 367 321 1 336 2 283 465
and Circularity
Packaging and 298 402 317 412 1 428 340
Paper
Tissue 166 162 81 272 681 121
Of which 527 497 412 479 1 915 568
service
Process 328 352 322 443 1 446 406
Performance
Solutions
Flow Control 194 195 188 185 763 215
Automation 134 157 133 258 683 191
Solutions
Total 1 050 1 283 1 041 2 463 5 837 1 332
Net sales, EUR Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025
million
Biomaterial 903 973 941 1 104 3 922 846
Solutions and
Services
Pulp, Energy 367 386 380 442 1 574 339
and Circularity
Packaging and 412 443 417 474 1 746 387
Paper
Tissue 124 144 145 189 602 119
Of which 406 473 453 567 1 900 433
service
Process 309 351 354 424 1 437 339
Performance
Solutions
Flow Control 188 201 196 206 791 192
Automation 121 150 158 217 646 147
Solutions
Total 1 212 1 324 1 295 1 528 5 359 1 184
Comparable EBITA, Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025
EUR million
Biomaterial 80 95 101 128 403 82
Solutions and
Services
Process 51 58 65 81 255 55
Performance
Solutions
Other -11 -12 -10 -17 -49 -16
Total 121 141 156 192 609 121
Comparable EBITA, Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025
% of net sales
Biomaterial 8.9% 9.8% 10.7% 11.6% 10.3% 9.7%
Solutions and
Services
Process 16.5% 16.5% 18.3% 19.1% 17.7% 16.2%
Performance
Solutions
Total 10.0% 10.6% 12.0% 12.6% 11.4% 10.2%
EBITA, EUR Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025
million
Biomaterial 77 87 84 116 364 80
Solutions and
Services
Process 50 58 64 76 248 54
Performance
Solutions
Other -14 -13 -10 -19 -56 -21
Total 114 132 138 173 557 113
EBITA, % of net Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025
sales
Biomaterial 8.6% 9.0% 8.9% 10.5% 9.3% 9.5%
Solutions and
Services
Process 16.2% 16.4% 18.2% 17.9% 17.2% 16.0%
Performance
Solutions
Total 9.4% 9.9% 10.7% 11.3% 10.4% 9.6%
Items affecting Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025
comparability,
EUR million
Biomaterial -3 -8 -17 -12 -39 -2
Solutions and
Services
Process -1 0 0 -5 -7 -1
Performance
Solutions
Other -3 -1 0 -3 -7 -5
Total -7 -9 -17 -19 -53 -8
Amortization, EUR Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025
million
Biomaterial -11 -11 -11 -5 -36 -6
Solutions and
Services
Process -12 -14 -14 -14 -54 -14
Performance
Solutions
Other -4 -4 -4 -5 -18 -5
Total -27 -29 -29 -23 -108 -24
Year-to-date information
Orders received, Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025
EUR million
Biomaterial 722 1 653 2 372 4 392 926
Solutions and
Services
Pulp, Energy 259 625 946 2 283 465
and Circularity
Packaging and 298 700 1 016 1 428 340
Paper
Tissue 166 328 409 681 121
Of which 527 1 024 1 436 1 915 568
service
Process 328 681 1 002 1 446 406
Performance
Solutions
Flow Control 194 389 578 763 215
Automation 134 291 425 683 191
Solutions
Total 1 050 2 333 3 374 5 837 1 332
Net sales, EUR Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025
million
Biomaterial 903 1 877 2 818 3 922 846
Solutions and
Services
Pulp, Energy 367 753 1 132 1 574 339
and Circularity
Packaging and 412 856 1 272 1 746 387
Paper
Tissue 124 269 413 602 119
Of which 406 880 1 333 1 900 433
service
Process 309 659 1 013 1 437 339
Performance
Solutions
Flow Control 188 389 585 791 192
Automation 121 271 429 646 147
Solutions
Total 1 212 2 536 3 831 5 359 1 184
Comparable EBITA, Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025
EUR million
Biomaterial 80 175 276 403 82
Solutions and
Services
Process 51 109 174 255 55
Performance
Solutions
Other -11 -23 -32 -49 -16
Total 121 262 417 609 121
Comparable EBITA, Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025
% of net sales
Biomaterial 8.9% 9.3% 9.8% 10.3% 9.7%
Solutions and
Services
Process 16.5% 16.5% 17.1% 17.7% 16.2%
Performance
Solutions
Total 10.0% 10.3% 10.9% 11.4% 10.2%
EBITA, EUR Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025
million
Biomaterial 77 165 248 364 80
Solutions and
Services
Process 50 107 172 248 54
Performance
Solutions
Other -14 -27 -36 -56 -21
Total 114 245 384 557 113
EBITA, % of net Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025
sales
Biomaterial 8.6% 8.8% 8.8% 9.3% 9.5%
Solutions and
Services
Process 16.2% 16.3% 17.0% 17.2% 16.0%
Performance
Solutions
Total 9.4% 9.7% 10.0% 10.4% 9.6%
Items affecting Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025
comparability,
EUR million
Biomaterial -3 -11 -28 -39 -2
Solutions and
Services
Process -1 -1 -2 -7 -1
Performance
Solutions
Other -3 -4 -4 -7 -5
Total -7 -16 -33 -53 -8
Amortization, EUR Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025
million
Biomaterial -11 -21 -32 -36 -6
Solutions and
Services
Process -12 -26 -40 -54 -14
Performance
Solutions
Other -4 -9 -13 -18 -5
Total -27 -56 -85 -108 -24
Further information, please contact:
Pekka Rouhiainen, VP, Investor Relations, Valmet, tel. +358 10 672 0020
VALMET
Katri Hokkanen
CFO
Pekka Rouhiainen
VP, Investor Relations
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.valmet.com
Valmet has a global customer base across various process industries. We are a
leading global developer and supplier of process technologies, automation, and
services for the pulp, paper, and energy industries. With our automation and
flow control solutions, we serve an even wider base of process industries. Our
more than 19,000 professionals around the world work close to our customers and
are committed to moving our customers' performance forward - every day.
The company has more than 225 years of industrial history and a strong track
record in continuous improvement, sustainability, and renewal. Valmet's net
sales in 2024 were approximately EUR 5.4 billion.
Valmet's shares are listed on the Nasdaq Helsinki, and the head office is in
Espoo, Finland.
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