2022-06-23 15:30:00 CEST

2022-06-23 15:30:06 CEST


REGULATED INFORMATION

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Valmet Corporation - Other information disclosed according to the rules of the Exchange

Valmet adjusts its strategy to include Flow Control and aligns its financial targets with its financial reporting structure


Valmet adjusts its strategy to include Flow Control and aligns its financial
targets with its financial reporting structure

Valmet Oyj's stock exchange release onJune23, 2022 at16:30 p.m. EEST

Valmet's Board of Directors has decided to adjust Valmet's strategy to include
Flow Control and align Valmet's financial targets with Valmet's financial
reporting structure.

Valmet's strategy

Valmet's new strategy is: Valmet develops and supplies competitive and reliable
process technologies, services and automation to the pulp, paper and energy
industries. Our automation business covers a wide base of global process
industries. We are committed to moving our customers' performance forward with
our unique offering and way to serve.

Valmet's previous strategy was: Valmet develops and supplies competitive process
technology, services and automation to the pulp, paper and energy industries.

We are committed to moving our customers' performance forward with our unique
offering and way to serve.

Valmet's financial targets

As announced on April 27, 2022, Valmet consists of three reportable segments:
Services, Automation and Process Technologies. Valmet's financial targets remain
unchanged.

Valmet's financial targets are the following (previous targets in brackets):

  · Net sales for Services and Automation segments to grow over two times the
market growth (previously: Net sales for stable business to grow over two times
the market growth)
  · Net sales for Process Technology segment to exceed market growth
(previously: Net sales for capital business to exceed market growth)
  · Comparable EBITA: 12-14% (unchanged)
  · Comparable return on capital employed (ROCE) before taxes: at least 15%
(unchanged)
  · Dividend payout at least 50% of net profit (unchanged)

Further information, please contact:

Pekka Rouhiainen, Director, Investor Relations, Valmet, tel. +358 10 672 0020

VALMET

Katri Hokkanen

Interim CFO

Pekka Rouhiainen

Director, Investor Relations

DISTRIBUTION:

Nasdaq Helsinki

Major media

www.valmet.com

Valmet is a leading global developer and supplier of process technologies,
automation and services for the pulp, paper and energy industries. With our
automation systems and flow control solutions we serve an even wider base of
process industries.

We aim to become the global champion in serving our customers. Our 17,000
professionals work close to our customers and are committed to improving our
customers' performance - every day.

The company has over 220 years of industrial history and a strong track record
in continuous improvement and renewal. In 2022, a major milestone was achieved
when the flow control company Neles was merged into Valmet. The combined company
net sales in 2021 was approximately EUR 4.5 billion based on the respective
company figures.

Valmet's shares are listed on the Nasdaq Helsinki and the head office is in
Espoo, Finland.

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