Welcome!

Agile Computing Authors: Liz McMillan, Gopala Krishna Behara, Sridhar Chalasani, Tirumala Khandrika, LeanTaaS Blog

News Feed Item

Metso's Financial Statements Review January 1 - December 31, 2012: Continued growth and an improved result in 2012

HELSINKI, FINLAND -- (Marketwire) -- 02/07/13 -- Metso Corporation's stock exchange release on February 7, 2013 at 12:00 a.m. local time

We will arrange two news conferences, one for the media and another for investors and analysts, in Helsinki today. Both events will take place at Metso Group Head Office, Fabianinkatu 9 A, Helsinki, Finland. A press conference in Finnish for the media will be arranged at 1:30 p.m. - 2.15 p.m. and the news conference in English for investors and analysts will be arranged at 15:00 EET / Helsinki time (08:00 EST / New York, 13:00 GMT / London, 14:00 CET / Paris). The news conference can also be followed through a conference call and live webcast, details at the end of this release.

This is a summary of Metso's 2012 Financial Statements Review. Complete report is attached to this release as a pdf-file and is also available at www.metso.com/investors.

Figures in brackets, unless otherwise stated, refer to the comparison period, i.e. the same period last year.

Highlights of 2012

* New orders worth EUR 6,865 million were received during 2012 (EUR 7,961 million). Orders received by the services business increased 5 percent and were EUR 3,264 million, i.e. 49 percent of all orders received (EUR 3,100 million and 40%).

* Net sales increased 13 percent from 2011 and were EUR 7,504 million (EUR 6,646 million). Services business net sales increased 11 percent and totaled EUR 3,174 million, i.e. 44 percent of total net sales (EUR 2,871 million and 45%).

* Earnings before interest, tax, and amortization (EBITA), before non-recurring items, increased 9 percent and were EUR 684 million, i.e. 9.1 percent of net sales (EUR 629 million and 9.5%).

* Non-recurring expenses were EUR 36.0 million (EUR 5.1 million), mainly related to capacity adjustment measures.

* Earnings per share of EUR 2.49 (EUR 2.38).

* Free cash flow was EUR 257 million (EUR 375 million).

* The Board proposes a dividend of EUR 1.85 per share, i.e. 74 percent of earnings per share (EUR 1.70 and 71% of earnings per share).

Highlights of the last quarter of 2012

* New orders in October-December totaled EUR 1,699 million (EUR 1,313 million). Orders received increased in all reporting segments. Orders received by the services business increased strongly, by 11 percent, and were EUR 741 million, i.e. 45 percent of all orders received (EUR 669 million and 54%).

* Net sales remained similar to the comparison period, at EUR 2,098 million (EUR 2,074 million). Our services business net sales were up 5 percent and totaled EUR 870 million, accounting for 42 percent of total net sales (EUR 829 million and 41%).

* Earnings before interest, tax, and amortization (EBITA), before non-recurring items, decreased 3 percent and were EUR 196 million, i.e. 9.3 percent of net sales (EUR 202 million and 9.7%).

* Earnings per share of EUR 0.49 (EUR 0.81).

* Free cash flow was EUR 69 million (EUR 45 million).

Guidance for financial performance during 2013

Based on the current economic situation, market outlook, and our order backlog for 2013, as well as foreign exchange rates remaining similar to those in December 2012, we estimate that in 2013 our EBITA before non-recurring items will be at around 2012 levels and our net sales at 2012 level or slightly below.

Metso's President and CEO Matti Kähkönen's comments on 2012:

2012 was another year of growth and improved results for Metso. Our operating environment was somewhat challenging, as economic growth slowed in some of our main markets, such as China, which was reflected in our customers' decision-making on large capital projects. Despite this, our order intake during 2012 was good, thanks to smaller projects and services business. We met our goal of growing our services business by more than 10 percent, which is another strong achievement. Actively developing our services capabilities and offering continues to be our top priority, and will help us to grow the services business further in 2013 and beyond. In addition to top-line growth, we also improved our profit and return on capital employed during 2012.

Looking at our businesses, activity in the mining sector is expected to remain largely unchanged at the level seen in late 2012. Construction is seeing stable demand, while good activity in oil and gas continues to support Automation. We expect some large new pulp projects to go ahead during 2013, but the paper and board machine market continues to be quiet.

Our aim for 2013 is clear. We will focus on securing and enhancing our competitiveness and continue to utilize growth opportunities in various customer industries to add value for all of our stakeholders.

Metso's key figures
                                  Q4/   Q4/ Change % Q1-Q4/ Q1-Q4/ Change %
 EUR million                     2012  2011            2012   2011
---------------------------------------------------------------------------
 Orders received                1,699 1,313       29  6,865  7,961      -14
---------------------------------------------------------------------------
 Orders received of services      741   669       11  3,264  3,100        5
 business
---------------------------------------------------------------------------
    % of orders received (1))      45    54              49     40
---------------------------------------------------------------------------
 Order backlog at end of period                       4,515  5,310      -15
---------------------------------------------------------------------------
 Net sales                      2,098 2,074        1  7,504  6,646       13
---------------------------------------------------------------------------
 Net sales of services business   870   829        5  3,174  2,871       11
---------------------------------------------------------------------------
    % of net sales (1))            42    41              44     45
---------------------------------------------------------------------------
 Earnings before interest, tax
 and amortization (EBITA) and
 non-recurring items            195.9 202.1       -3  684.3  628.5        9
---------------------------------------------------------------------------
    % of net sales                9.3   9.7             9.1    9.5
---------------------------------------------------------------------------
 Operating profit               149.5 188.5      -21  598.5  571.8        5
---------------------------------------------------------------------------
    % of net sales                7.1   9.1             8.0    8.6
---------------------------------------------------------------------------
 Earnings per share, EUR         0.49  0.81      -40   2.49   2.38        5
---------------------------------------------------------------------------
 Free cash flow                    69    45       53    257    375      -31
---------------------------------------------------------------------------
 Return on capital employed
 (ROCE) before taxes, %                                19.6   18.4
---------------------------------------------------------------------------
 Equity to assets ratio at end of                      40.5   39.8
 period, %
---------------------------------------------------------------------------
 Gearing at end of period, %                           14.2   12.2
---------------------------------------------------------------------------

(1)() )Excluding Valmet Automotive

Short-term outlook

Market development

The global economic situation, together with demand in our customer industries, are largely unchanged from the last quarter of 2012. There are some signs of positive development in the US and China, which could potentially support customer industries in the second half of 2013. Stable capacity utilization rates and the need to increase operational efficiency are continuing to support our services businesses.

We expect underlying demand in the mining market to remain at the good level seen in late 2012. Due to expected high utilization rates at mines, and our large installed equipment base stronger services presence, we expect demand for our mining services to remain excellent. Demand for construction equipment is projected to remain flat and be satisfactory in the Asia-Pacific region. In Brazil, we expect the market to continues active. We anticipate that demand in Europe and North America will stay at current relatively low levels going forward. Demand for our construction industry services is expected to remain satisfactory.

Demand for our process automation systems and flow control products and services is expected to remain good. Strong demand in the oil and gas industry is expected to offset continuing softness in the pulp and paper industry.

The market for pulp mills is expected to remain satisfactory, with good demand for rebuilds and services. Demand for papermaking lines is expected to remain weak. Capacity utilization rates in the paper and board industry may decline somewhat, although the outlook for services is good. Demand for power plants that use renewable energy sources and for related services is expected to remain satisfactory.

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

Invitation to news conferences for media, investors and analysts

Metso will arrange two news conferences in Helsinki today;

* A press conference in Finnish for the media will be arranged at 1:30 p.m. - 2.15 p.m.

* A news conference in English for investors and analysts will be arranged at 15:00 EET / Helsinki (08:00 EST / New York, 13:00 GMT / London, 14:00 CET / Paris)

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

A news conference in English can also be followed through a conference call and live webcast at www.metso.com/IRwebcasts from 3:00 p.m. onwards. Questions are accepted during the event via the conference call only.

Due to the live webcast, we kindly ask those attending to be present 5 minutes prior to the start of the event.

Conference call details

Conference call participants are requested to dial in five minutes before the scheduled time at:

US: +1 877 491 0064
other countries: +44 20 7162 0077
access code: 927 187.

A replay of the call will be available until February 21, 2013 on the following phone numbers:

US: +1 954 334 0342
other countries: +44 20 7031 4064
access code: 927 187.

Audio file (mp3) and a transcript of the event will be made available for downloading at www.metso.com/IRwebcasts on Monday, February 11, 2013 the latest.

The presentation material for the event will be accessible after the publication of financial statements on February 7, 2012 at www.metso.com/Investors at approximately 12 noon EET.

Welcome

Distribution:
NASDAQ OMX Helsinki Ltd
Media
www.metso.com

Metso_financial_statements_review_2012: http://hugin.info/3017/R/1676315/546337.pdf

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

[HUG#1676315]

For further information, please contact:

Matti Kahkonen
President and CEO
Metso Corporation
tel. +358 20 484 3000

Harri Nikunen
CFO
Metso Corporation
tel. +358 20 484 3010

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

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone inn...
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
DevOps at Cloud Expo – being held June 5-7, 2018, at the Javits Center in New York, NY – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Among the proven benefits,...
@DevOpsSummit at Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, is co-located with 22nd Cloud Expo | 1st DXWorld Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait...
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...
SYS-CON Events announced today that T-Mobile exhibited at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on qua...
SYS-CON Events announced today that Cedexis will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Cedexis is the leader in data-driven enterprise global traffic management. Whether optimizing traffic through datacenters, clouds, CDNs, or any combination, Cedexis solutions drive quality and cost-effectiveness. For more information, please visit https://www.cedexis.com.
SYS-CON Events announced today that Google Cloud has been named “Keynote Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Companies come to Google Cloud to transform their businesses. Google Cloud’s comprehensive portfolio – from infrastructure to apps to devices – helps enterprises innovate faster, scale smarter, stay secure, and do more with data than ever before.