Metso Outotec publishes positive profit warning

Metso Outotec Corporation, Insider information, on July 27, 2020, at 8:30 a.m. EEST

Metso Outotec publishes preliminary information on its second-quarter results, which according to the information available to the company, seem to be better than market expectations. The good development during the second quarter has resulted from the mining industry being relatively less affected by Covid-19, healthy product margins and delivery capabilities as well as rapid and successful cost saving actions. These had a positive impact to sales and adjusted EBITA. Operating profit (EBIT), however, has been affected by cost adjustments related to the completion of Metso’s partial demerger and the merger of Metso’s Minerals business and Outotec.

Key figures for Metso Outotec are presented separately for Metso Minerals and Outotec as well as combined for illustrative purposes.

Metso Outotec will publish its half-year report on Wednesday, August 5, 2020. Prior to that, the company will not provide additional information on its financial results for the period.

Metso Outotec financial information for Q2 and January-June 2020:

EUR million Q2/2020 Q2/2019 Q1-Q2/2020 Q1-Q2/2019
Orders received 976 1,104 2,090 2,259
- Metso Minerals 762 704 1,636 1,527
- Outotec 214 400 454 732
Sales 1,045 1,054 2,026 1,981
- Metso Minerals 751 735 1,447 1,416
- Outotec 294 319 579 565
Adjusted EBITA 141 123 235 225
- Metso Minerals 110 93 184 176
- Outotec 31 30 51 49
Adjusted EBITA % 13.5% 11.7% 11.6% 11.4%
- Metso Minerals 14.6% 12.7% 12.7% 12.4%
- Outotec 10.5% 9.4% 8.9% 8.7%
Operating profit (EBIT) 90 110 159 201
- Metso Minerals 87 88 145 166
- Outotec 4 22 14 35
Operating profit (EBIT) % 8.6% 10.4% 7.8% 10.1%
- Metso Minerals 11.5% 12.0% 10.0% 11.7%
- Outotec 1.5% 7.0% 2.4% 6.2%

Further information, please contact:

Juha Rouhiainen, VP, Investor Relations, Metso Outotec Corporation, tel. +358 20 4843253, email: juha.rouhiainen@mogroup.com

Distribution:

Nasdaq Helsinki Ltd

Main media

www.mogroup.com

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, metals refining and recycling industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. 

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its illustrative combined sales for 2019 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec

About Us

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, metals refining and recycling industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change.  Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its illustrative combined sales for 2019 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec

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