Click here to close now.

Welcome!

Agile Computing Authors: Pat Romanski, Elizabeth White, Jnan Dash, Larry Dragich, Wayne Lam

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
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are rapidly redefining traditional integration approaches and their reliance on proprietary connectors. ...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driving this change including privacy controls, data transparency and integration of real time context wi...
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at the same time reduce Time to Market (TTM) by using plug and play capabilities offered by a robust IoT ...
"We have a tagline - "Power in the API Economy." What that means is everything that is built in applications and connected applications is done through APIs," explained Roberto Medrano, Executive Vice President at Akana, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
WebRTC converts the entire network into a ubiquitous communications cloud thereby connecting anytime, anywhere through any point. In his session at WebRTC Summit,, Mark Castleman, EIR at Bell Labs and Head of Future X Labs, will discuss how the transformational nature of communications is achieved through the democratizing force of WebRTC. WebRTC is doing for voice what HTML did for web content.
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
To many people, IoT is a buzzword whose value is not understood. Many people think IoT is all about wearables and home automation. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed some incredible game-changing use cases and how they are transforming industries like agriculture, manufacturing, health care, and smart cities. He will discuss cool technologies like smart dust, robotics, smart labels, and much more. Prepare to be blown away with a glimpse of the future.
SYS-CON Events announced today that BMC will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BMC delivers software solutions that help IT transform digital enterprises for the ultimate competitive business advantage. BMC has worked with thousands of leading companies to create and deliver powerful IT management services. From mainframe to cloud to mobile, BMC pairs high-speed digital innovation with robust IT industrialization – allowing customers to provide amazing user experiences with optimized IT per...
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will addresses this very serious issue of profound change in the industry.
Business as usual for IT is evolving into a "Make or Buy" decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud business applications and services across multiple cloud delivery models.
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you'll have no problem fillin...
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
SYS-CON Events announced today that the "Second Containers & Microservices Conference" will take place November 3-5, 2015, at the Santa Clara Convention Center, Santa Clara, CA, and the “Third Containers & Microservices Conference” will take place June 7-9, 2016, at Javits Center in New York City. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.