Valmet withdraws its guidance for 2020 due to increased uncertainty related to the COVID-19 pandemic
Valmet Oyj's stock exchange release on April 16, 2020 at 11:00 a.m. EET Because of increased uncertainty caused by the COVID-19 pandemic, Valmet withdraws its guidance for 2020. The impacts of the pandemic on Valmet’s operations and business environment depend on the duration and severity of the crisis. For reference, on February 5, 2020 Valmet issued the following guidance for 2020: Valmet estimates that net sales in 2020 will increase in comparison with 2019 (EUR 3,547 million) and Comparable EBITA in 2020 will increase in comparison with 2019 (EUR 316 million). Valmet’s