2023-10-02 08:00:00 CEST
2023-10-02 08:00:12 CEST
REGULATED INFORMATION
Metso Corporation - Other information disclosed according to the rules of the Exchange
Metso updates its segment reporting and publishes restated information based on the new structure
Metso Corporation's stock exchange release on October 2, 2023, at 09:00 a.m.
EEST
Metso is updating its segment reporting by moving its two businesses currently
under divestment (Metals & Chemical Processing and Ferrous & Heat Transfer),
both of which have been reported under the Metals segment, into discontinued
operations, and transferring the Smelting business to the Minerals segment. As a
result, and in line with the Group's strategy, Metso's segment reporting will
consist of two segments: Aggregates and Minerals. The changes became effective
on September 30, 2023. Metso will report its January - September 2023 results
according to the new structure, on October 27, 2023.
The changes in the reporting structure are related to Metso's March 29, 2023,
announcement to initiate the divestment of the Metals & Chemical Processing and
Ferrous & Heat Transfer businesses and to keep the Smelting business in Metso's
portfolio. The divestment project has progressed to the point where the two
businesses can be classified as discontinued operations.
Metso's restated segment information based on the new reporting structure for
the financial year 2022 and for January - June 2023 (in PDF and Excel formats)
can be found below and in attachments to this release.
Metso's
segment
information
for
2022 and
2023
Orders Restated
received
EUR million 4-6/2023 1-3/20 1-12/2 10 7-9/20 4-6/2022 1-3/2022
23 022 -12/20 22
22
Aggregates 330 379 1,481 364 351 363 402
Minerals 1,014 1,107 4,143 1,073 967 1,196 908
Metals 0 0 0 0 0 0 0
Metso total, 1,344 1,485 5,623 1,437 1,318 1,558 1,310
continuing
operations
Orders Restated
received by
services
business
EUR million 4-6/2023 1-3/20 1-12/2 10 7-9/20 4-6/2022 1-3/2022
23 022 -12/20 22
22
Aggregates 109 119 469 107 115 122 125
% of 33 31 32 29 33 34 31
orders
received
Minerals 633 736 2,364 549 611 624 580
% of 62 67 57 51 63 52 64
orders
received
Metals 0 0 0 0 0 0 0
% of 0 0 0 0 0 0 0
orders
received
Metso total, 742 855 2,833 656 726 746 705
continuing
operations
% of 55 58 68 46 55 48 54
orders
received
Sales Restated
EUR million 4-6/2023 1-3/20 1-12/2 10 7-9/20 4-6/2022 1-3/2022
23 022 -12/20 22
22
Aggregates 386 363 1,446 387 362 368 329
Minerals 1,010 970 3,523 968 942 845 768
Metals 0 0 0 0 0 0 0
Metso total, 1,396 1,334 4,970 1,356 1,305 1,213 1,097
continuing
operations
Sales by Restated
services
business
EUR million 4-6/2023 1-3/20 1-12/2 10 7-9/20 4-6/2022 1-3/2022
23 022 -12/20 22
22
Aggregates 109 114 477 115 121 127 114
% of sales 28 31 33 30 33 35 34
Minerals 624 575 2,081 587 574 485 434
% of sales 62 59 59 61 61 57 57
Metals 0 0 0 0 0 0 0
% of sales 0 0 0 0 0 0 0
Metso total, 734 689 2,558 703 695 612 548
continuing
operations
% of sales 53 52 51 52 53 50 50
Adjusted Restated
EBITA and
operating
profit
EUR million 4-6/2023 1-3/20 1-12/2 10 7-9/20 4-6/2022 1-3/2022
23 022 -12/20 22
22
Aggregates
Adjusted 66 66 213 63 57 48 45
EBITA
% of sales 17.0 18.1 14.8 16.2 15.7 13.1 13.8
Amortization -4 -4 -16 -4 -4 -4 -4
of
intangible
assets
Adjustment 0 0 -2 -5 0 0 2
items
Operating 62 62 195 53 53 45 44
profit
% of sales 16.0 17.0 13.5 13.7 14.8 12.1 13.5
Minerals Restated
EUR million 4-6/2023 1-3/20 1-12/2 10 7-9/20 4-6/2022 1-3/2022
23 022 -12/20 22
22
Adjusted 184 170 538 158 158 107 116
EBITA
% of sales 18.2 17.5 15.3 16.3 16.8 12.6 15.1
Amortization -12 -11 -45 -11 -11 -11 -11
of
intangible
assets
Adjustment -4 -3 -87 -81 -4 1 -2
items
Operating 168 156 406 66 142 96 102
profit
% of sales 16.6 16.0 11.5 6.8 15.1 11.4 13.3
Metals Restated
EUR million 4-6/2023 1-3/20 1-12/2 10 7-9/20 4-6/2022 1-3/2022
23 022 -12/20 22
22
Adjusted 0 0 0 0 0 0 0
EBITA
% of sales 0 0 0 0 0 0 0
Amortization 0 0 0 0 0 0 0
of
intangible
assets
Adjustment 0 0 0 0 0 0 0
items
Operating 0 0 0 0 0 0 0
profit
% of sales 0 0 0 0 0 0 0
Group Head Restated
Office
and other
EUR million 4-6/2023 1-3/20 1-12/2 10 7-9/20 4-6/2022 1-3/2022
23 022 -12/20 22
22
Adjusted -11 -24 -37 -12 -13 -6 -6
EBITA
Amortization 0 0 -2 -1 -1 -1 -1
of
intangible
assets
Adjustment 4 1 -73 76 6 -154 -1
items
Operating -8 -24 -112 65 -8 -160 -8
profit
Metso total, Restated
continuing
operations
EUR million 4-6/2023 1-3/20 1-12/2 10 7-9/20 4-6/2022 1-3/2022
23 022 -12/20 22
22
Adjusted 238 211 715 210 202 148 155
EBITA
% of sales 17.1 15.8 14.4 15.5 15.5 12.2 14.2
Amortization -16 -16 -63 -16 -16 -16 -16
of
intangible
assets
Adjustment 0 -2 -163 -10 1 -152 -1
items
Operating 222 193 490 183 187 -19 138
profit
% of sales 15.9 14.5 9.9 13.5 14.4 -1.6 12.6
Further information:
Juha Rouhiainen, Vice President, Investor Relations, Metso Corporation,
tel. +358 20 484 3253, email: juha.rouhiainen(a)mogroup.com
Distribution:
Nasdaq Helsinki Ltd
Main media
www.metso.com
Metso is a frontrunner in providing sustainable technologies, end-to-end
solutions and services for the aggregates, minerals processing and metals
refining industries globally. By helping our customers increase their
productivity, improve their energy and water efficiency and environmental
performance with our process and product expertise, we are the partner for
positive change.
Headquartered in Espoo, Finland, Metso employs over 16,000 people in close to 50
countries and sales for 2022 were about EUR 5.3 billion. The company is listed
on the Nasdaq Helsinki. metso.com, x.com/metsoofficial
© 2023 Nasdaq, Inc. All Rights Reserved |