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Metso updates its segment reporting and publishes restated information based on the new structure

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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 received Restated
EUR million 4-6/2023 1-3/2023 1-12/2022 10-12/2022 7-9/2022 4-6/2022 1-3/2022
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, continuing operations 1,344 1,485 5,623 1,437 1,318 1,558 1,310
Orders received by services business Restated
EUR million 4-6/2023 1-3/2023 1-12/2022 10-12/2022 7-9/2022 4-6/2022 1-3/2022
Aggregates 109 119 469 107 115 122 125
  % of orders received 33 31 32 29 33 34 31
Minerals 633 736 2,364 549 611 624 580
  % of orders received 62 67 57 51 63 52 64
Metals 0 0 0 0 0 0 0
  % of orders received 0 0 0 0 0 0 0
Metso total, continuing operations 742 855 2,833 656 726 746 705
  % of orders received 55 58 50 46 55 48 54
Sales Restated
EUR million 4-6/2023 1-3/2023 1-12/2022 10-12/2022 7-9/2022 4-6/2022 1-3/2022
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, continuing operations 1,396 1,334 4,970 1,356 1,305 1,213 1,097
Sales by services business Restated
EUR million 4-6/2023 1-3/2023 1-12/2022 10-12/2022 7-9/2022 4-6/2022 1-3/2022
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, continuing operations 734 689 2,558 703 695 612 548
  % of sales 53 52 51 52 53 50 50
Adjusted EBITA and operating profit Restated
EUR million 4-6/2023 1-3/2023 1-12/2022 10-12/2022 7-9/2022 4-6/2022 1-3/2022
Aggregates
Adjusted EBITA 66 66 213 63 57 48 45
  % of sales 17.0 18.1 14.8 16.2 15.7 13.1 13.8
Amortization of intangible assets -4 -4 -16 -4 -4 -4 -4
Adjustment items 0 0 -2 -5 0 0 2
Operating profit 62 62 195 53 53 45 44
  % of sales 16.0 17.0 13.5 13.7 14.8 12.1 13.5
Minerals Restated
EUR million 4-6/2023 1-3/2023 1-12/2022 10-12/2022 7-9/2022 4-6/2022 1-3/2022
Adjusted EBITA 184 170 538 158 158 107 116
  % of sales 18.2 17.5 15.3 16.3 16.8 12.6 15.1
Amortization of intangible assets -12 -11 -45 -11 -11 -11 -11
Adjustment items -4 -3 -87 -81 -4 1 -2
Operating profit 168 156 406 66 142 96 102
  % of sales 16.6 16.0 11.5 6.8 15.1 11.4 13.3
Metals Restated
EUR million 4-6/2023 1-3/2023 1-12/2022 10-12/2022 7-9/2022 4-6/2022 1-3/2022
Adjusted EBITA 0 0 0 0 0 0 0
  % of sales 0 0 0 0 0 0 0
Amortization of intangible assets 0 0 0 0 0 0 0
Adjustment items 0 0 0 0 0 0 0
Operating profit 0 0 0 0 0 0 0
  % of sales 0 0 0 0 0 0 0
Group Head Office and other Restated
EUR million 4-6/2023 1-3/2023 1-12/2022 10-12/2022 7-9/2022 4-6/2022 1-3/2022
Adjusted EBITA -11 -24 -37 -12 -13 -6 -6
Amortization of intangible assets 0 0 -2 -1 -1 -1 -1
Adjustment items 4 1 -73 76 6 -154 -1
Operating profit -8 -24 -112 65 -8 -160 -8
Metso total, continuing operations Restated
EUR million 4-6/2023 1-3/2023 1-12/2022 10-12/2022 7-9/2022 4-6/2022 1-3/2022
Adjusted EBITA 238 211 715 210 202 148 155
  % of sales 17.1 15.8 14.4 15.5 15.5 12.2 14.2
Amortization of intangible assets -16 -16 -63 -16 -16 -16 -16
Adjustment items 0 -2 -163 -10 1 -152 -1
Operating profit 222 193 490 183 187 -19 138
  % 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   

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Nasdaq Helsinki Ltd

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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

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