Metso Outotec to book a non-recurring charge of EUR 150 million related to winding down its business in Russia
Metso Outotec Corporation’s stock exchange release on July 11, 2022, at 9:00 a.m. EESTMetso Outotec has been winding down its business operations and customer contracts in Russia during the second quarter, in line with the company’s disclosure in its January-March 2022 interim report. At the end of March 2022, Metso Outotec had an order backlog of EUR 479 million to Russia. Around EUR 315 million was originally expected to be recognized as sales in 2022, of which approximately EUR 215 million was to non-sanctioned customers at the end of March. After having made deliveries worth EUR 67