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Valmet's Interim Review January 1 - September 30, 2024: Record-high third quarter margin, but slower market activity than expected

Valmet's Interim Review January 1 - September 30, 2024: Record-high third quarter margin, but slower market activity than expected Figures in brackets, unless otherwise stated, refer to the comparison period, i.e., the same period of the previous year. July–September 2024: Orders received increased to EUR 1,041 million •         Orders received increased 6 percent to EUR 1,041 million (EUR 980 million). –        Orders received increased in the Services and Automation segments and decreased in the Process Technologies segment. –        Orders received increased in South

Inside information: Valmet confirms signing contracts for previously announced project with Arauco

Inside information: Valmet confirms signing contracts for previously announced project with Arauco Valmet Oyj’s stock exchange release (inside information) on October 29, 2024 at 9.00 a.m. EET   On September 25, 2024, Valmet announced that Arauco had selected it as the supplier for a complete pulp mill including full-scope automation and flow control solutions. The new mill will be built in Inocência, in the state of Mato Grosso do Sul, Brazil.   Valmet now confirms that the supply contracts have been officially signed. This order will be booked in Valmet’s Q4 2024 orders

Valmet was chosen by Biovoima Finland to deliver the automation system Valmet DNAe to the BIR AS biogas plant in Norway

Valmet Oyj trade press release, October 23, 2024, at 9:30 a.m. EESTValmet is to deliver the Valmet DNAe Distributed Control System to BIR AS’ biogas plant in Bergen, Norway, built by Biovoima Finland Oy. The plant will be able to process 15,000 tons of organic waste and 40,000 tons of cattle manure, aiming to produce biomethane as an end product to replace fossil fuels in the global energy transition. The order is included in Valmet’s orders received of the third quarter 2024. The factory acceptance test will take place in May 2025, and the final acceptance test will take place in

Valmet’s performance solution to optimize district heat production of Oulun Energia Oy in Finland

Valmet Oyj trade press release, October 22, 2024, at 9:30 a.m. EESTValmet is to deliver a Valmet DNA District Heating Manager solution for Oulun Energia’s district heating network in Oulu, Finland. The solution optimizes and controls the temperatures of heat supply across all production plants within the district heating network. It offers significant performance benefits by enhancing heat delivery efficiency, reducing heat losses, and improving the quality of district heating for end customers. The order is included in Valmet’s orders received of the third quarter 2024. The value of the

Valmet’s change negotiations completed in Finland in its Paper business line’s Board and Paper Mills business unit

Valmet Oyj’s press release on October 21, 2024 at 12:00 p.m. EESTValmet announced on September 5, 2024 , the start of change negotiations in its Paper business line’s Board and Paper Mills business unit that included a plan to consider measures aimed at improving the profitability and competitiveness of the business operations. The business unit develops and delivers board and paper making lines and technologies globally. The

Valmet to deliver an automatic dewiring line to Södra Cell Värö in Sweden

Valmet Oyj trade press release, October 17, 2024, at 11:00 a.m. EESTValmet is to deliver an automatic dewiring line to Södra Cell’s pulp mill in Värö, Sweden. The delivery will connect to the existing pulper feed system and safely handle the reject bales from the baling line. The new equipment is estimated to be taken into operation in autumn 2025. The order is included in Valmet’s orders received of the third quarter 2024. The value of the order will not be disclosed. An order of this size and scope is typically worth between EUR 1,5 million and EUR 2 million. “We have worked closely

Publishing of Valmet's Interim Review January – September 2024 on October 30, 2024

Valmet Oyj’s press release on October 16, 2024 at 9:30 a.m. EESTValmet’s Interim Review January – September 2024 will be published on Wednesday, October 30, 2024, at approximately 2:00 p.m. Finnish time (EEST). The stock exchange release and presentation material in English and in Finnish will be available at that time on Valmet's website at www.valmet.com/investors.  Webcast  Valmet will arrange a news conference in English as a live webcast at https://valmet.videosync.fi/q3-2024 on Wednesday, October 30, 2024, at 3:00 p.m. Finnish time (EEST). President and CEO Thomas Hinnerskov and

Inside information: Valmet notified of arbitration claim by Metsä Fibre Oy

Inside information: Valmet notified of arbitration claim by Metsä Fibre Oy Valmet Oyj’s stock exchange (inside information) release on October 15, 2024 at 4:30 p.m. EEST   Metsä Fibre Oy has filed a request for arbitration against Valmet Technologies Oy, which is a subsidiary of Valmet. The arbitration concerns Metsä Fibre’s bioproduct mill in Kemi, Finland, which came into operation as planned on September 20, 2023.   Valmet Technologies Oy disputes the claims brought by Metsä Fibre and will also actively pursue claims of its own against Metsä Fibre. Metsä Fibre’s

Inside information, negative profit warning: Valmet estimates that Comparable EBITA in 2024 will remain at the previous year's level

Inside information, negative profit warning: Valmet estimates that Comparable EBITA in 2024 will remain at the previous year's level Valmet Oyj's stock exchange release (inside information) on October 11, 2024 at 4:05 p.m. EESTValmet changes its Comparable EBITA guidance for 2024. For net sales, the guidance remains unchanged. The services market has developed somewhat slower in EMEA, China and Asia-Pacific than Valmet earlier expected. Furthermore, the market activity in board and paper process technologies has been slower than earlier expected and some customers have postponed

Valmet to supply an OptiConcept M board making line to Anhui Linping Circular Development in China

Valmet Oyj press release, October 3, 2024, at 9:30 a.m. EESTValmet is to supply an OptiConcept M  board making line with automation and services to Anhui Linping Circular Development in China. The new board line PM 8 will produce recycled liner grades. The start-up is scheduled for the end of 2025. The order is included in Valmet's orders received of the third quarter 2024. The value of the order will not be disclosed, but such a board making line is typically worth between EUR 40 million and EUR 60

Valmet rated among the top five percent of companies in the EcoVadis sustainability assessment

Valmet Oyj press release, September 30, 2024, at 11:00 a.m. EESTValmet has been awarded a Gold Medal in the EcoVadis sustainability assessment, ranking it among the top five percent of companies evaluated over the past 12 months. “Being recognized among the top five percent of companies in the EcoVadis assessment continues Valmet’s strong track record in sustainability ratings. Over the past few years, the importance of EcoVadis has grown because an increasing number of our customers worldwide use it to evaluate their suppliers’ sustainability performance. This accomplishment is the

Record and payment dates for Valmet’s second dividend instalment for year 2023

Record and payment dates for Valmet’s second dividend instalment for year 2023   Valmet Oyj’s stock exchange release on September 26, 2024 at 1:30 p.m. EEST The Board of Directors of Valmet Oyj has in its meeting on September 26, 2024 decided, on the basis of the authorization by the Annual General Meeting 2024, on the record date and the payment date for the second instalment of the dividend for the financial year 2023. The second instalment of the dividend, EUR 0.67 per share, will be paid to shareholders who are registered in the Company’s shareholders’ register maintained by

Valmet to deliver a quality control system for corrugator to Inter Eastern Container in Thailand

Valmet Oyj trade press release, September 26, 2024, at 9:30 a.m. EESTValmet will supply a Valmet IQ Quality Control System for corrugator to Inter Eastern Container Co., Ltd. in Prachinburi, Thailand. The order was included in Valmet’s orders received of the second quarter 2024. The value of the order will not be disclosed. The delivery will be completed in December 2024. “We trust Valmet’s solution and have a good partnership with them. We believe that the Valmet IQ Quality Control System will improve the quality of our corrugated board and enhance the plant’s overall productivity,”

Inside information: Valmet to supply a complete pulp mill with full-scope automation and flow control solutions to Arauco in Brazil

Inside information: Valmet to supply a complete pulp mill with full-scope automation and flow control solutions to Arauco in BrazilValmet Oyj’s stock exchange release (inside information) on September 25, 2024 at 01:45 a.m. EESTThe Board of Directors of Arauco have today approved an investment of a complete pulp mill and selected Valmet as the supplier for the project. Valmet’s scope will be the delivery of complete pulp mill including also full-scope automation and flow control solutions to Arauco. The new pulp mill will be the world’s largest single-phase pulp mill project with 3.5

Change in Valmet's Executive Team

Valmet Oyj’s press release September 24, 2024 at 2:30 p.m. EESTMr. Olli Hänninen (M.Sc. Industrial Management) has been appointed Senior Vice President, Strategy, at Valmet as of October 1, 2024. In this position he will report to the President and CEO Thomas Hinnerskov and is a member of Valmet’s Executive Team.Olli Hänninen has worked in several different management positions in the services business of KONE between 2014–2024, where his last position was Senior Vice President, Service Business. Prior to his career at KONE, he worked as an Associate Partner in McKinsey & Company in 2004–

Valmet to supply a new BCTMP line and an evaporator line to JK Paper Limited in India

Valmet Oyj press release, September 20, 2024, at 9:30 a.m. EESTValmet is to supply a new bleached chemi-thermomechanical pulp (BCTMP) line and a related evaporator line to JK Paper Limited’s Fort Songadh mill in India. The new BCTMP line will manufacture high-quality BCTMP pulp for lightweight coated board production. The start-up is scheduled for the end of 2025. The order was included in Valmet's orders received of the second quarter 2024. The value of the order will not be disclosed. “The new BCTMP and evaporator line will play a crucial role in our production process, enabling us

Valmet to deliver a winder rebuild to VPK Paper Normandie in France

Valmet Oyj trade press release, September 18, 2024, at 11:00 a.m. EESTValmet is to deliver a winder rebuild  to VPK Paper Normandie in Alizay, France. The rebuild will increase the operational reliability and capacity and improve the safety of the winder. The order was included in Valmet's orders received of the second quarter 2024. The value of the order will not be disclosed. The delivery is scheduled for the fourth quarter 2024. “The rebuild will increase the automation level

Valmet ranked as the second most attractive employer in Finland among engineering professionals

Valmet Oyj press release, September 18, 2024, at 9:00 a.m. EESTValmet has been ranked as the second most attractive employer among engineering professionals in Finland, according to a new study by Universum. The ranking was published in Universum’s annual, Finland's most extensive employer attractiveness survey. Earlier this year, in another study by Universum, Valmet was ranked as the third most attractive employer among engineering students in Finland 

Valmet receives a vessel methanol fuel conversion order from CSSC Qingdao Beihai Shipbuilding Co. Ltd, China

Valmet Oyj trade press release, September 12, 2024, at 9:30 a.m. EESTValmet has been selected to deliver automation solutions for methanol fuel conversion projects aboard two CMA 9300SHI container ships. The vessels will be upgraded at CSSC Qingdao Beihai Shipbuilding Co. Ltd (QBS), China, for the French operator CMA CGM.  The order was included in Valmet’s orders received of the second quarter 2024. The value of the order will not be disclosed. “Valmet is the pioneer of methanol fuel conversion vessels. We are confident that Valmet’s advanced technology and strong local project

Valmet retrofits turbine automation systems and training simulator at Fortum’s nuclear power plant in Loviisa, Finland

Valmet Oyj trade press release, September 11, 2024, at 10:00 a.m. EESTValmet is to deliver Valmet DNA Turbine Automation Systems with Valmet DNA User Interface for both power plant units at Fortum’s nuclear power plant in Loviisa, Finland. Automation renewal of the training simulator‘s interface signals is also included in the delivery. The upgrades of the steam turbines protection and control systems are a part of the lifetime extension-related investments and continuous improvements to ensure reliable electricity production. The orders were included in Valmet’s orders received of the

Valmet to start change negotiations in Finland in its Paper business line’s Board and Paper Mills business unit

Valmet Oyj press release September 5, 2024 at 10:00 a.m. EESTValmet starts change negotiations on September 5, 2024, that affect its Paper business line’s Board and Paper Mills business unit. The business unit develops and delivers board and paper making lines and technologies globally.   The negotiations include a plan to consider measures aimed at improving the profitability and competitiveness of the business operations. The business unit has already earlier this year initiated actions to adapt to the changed market situation, but those actions have not been sufficient. The scope

Valmet’s financial reporting in 2025

Valmet’s financial reporting in 2025 Valmet Oyj’s stock exchange release on September 3, 2024 at 9:30 a.m. EEST   Valmet will publish its Financial Statements Review, Half Year Financial Review and two Interim Reviews in 2025 as follows:   February 13, 2025 - Financial Statements Review for 2024 April 24, 2025 - Interim Review for January­­–March 2025 July 23, 2025 - Half Year Financial Review for January–June 2025 October 29, 2025 - Interim Review for January–September 2025   The Annual Report for 2024 will be published on March 4, 2025, at the latest.

Valmet strengthens its presence in West China by opening a new service center in Beihai

Valmet Oyj press release, September 3, 2024, at 09:00 a.m. EESTValmet has opened a new service center in Beihai to serve and be close to its customers in the fast-growing pulp and paper industry in the Guangxi Zhuang Autonomous Region, West China. The center is a vital service point for Valmet’s customers across China. The inauguration ceremony was held on September 3rd, 2024, and was attended by customers, industry associations, trade press, local authorities, and Valmet’s management. "China is a very important market to Valmet, and we are happy to be able to provide our customers a

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