Metso lowers its financial guidance for 2013
(Thomson Reuters ONE) -
Metso Corporation's stock exchange release on October 17, 2013 at 9:00 a.m.
local time
Metso has decided to lower the guidance for its financial performance for 2013.
The weakened outlook is resulting primarily from lower profitability at the
separate business entity Valmet Automotive during the second half of the year.
The updated guidance is as follows:
We estimate that our net sales and EBITA before non-recurring items in 2013 will
be significantly lower than those in 2012.
The previous guidance, published on July 25, 2013, stated that:
We estimate that our net sales and EBITA before non-recurring items in 2013 will
be somewhat lower than those in 2012.
Both statements above are related to Metso's current segment reporting and are
based on the economic situation, market outlook, order backlog for 2013, and
foreign exchange rates remaining similar to those at the time of publishing.
In addition to the updated guidance for the whole company, Metso publishes the
following additional segment information for 2013:
* Mining and Construction: Net sales are expected to be somewhat lower and
EBITA before non-recurring items at around the same level compared to 2012
* Automation: Net sales are expected to be at around the same level and EBITA
before non-recurring items is expected to improve significantly compared to
2012
* Pulp Paper and Power (businesses to be demerged from Metso): Both net sales
and EBITA before non-recurring items are expected to be significantly lower
compared to 2012. Net sales and EBITA during the second half are expected to
be at about the first half's level.
* Valmet Automotive is expected to book a substantial loss for 2013
Metso is a global supplier of technology and services to customers in the
process industries, including mining, construction, pulp and paper, power, and
oil and gas. Our 30,000 professionals based in over 50 countries contribute to
sustainability and deliver profitability to customers worldwide. Metso's shares
are listed on the NASDAQ OMX Helsinki Ltd.
www.metso.com, www.twitter.com/metsogroup
Further information, please contact:
Harri Nikunen, CFO, Metso Corporation, tel +358 20 484 3010
Markku Honkasalo, CFO, Pulp, Paper and Power, Metso Corporation, tel.
+358 20 484 100
Metso Corporation
Harri Nikunen
CFO
Juha Rouhiainen
VP, Investor Relations
Distribution:
NASDAQ OMX Helsinki Ltd
Media
www.metso.com
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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Metso Corporation via Thomson Reuters ONE
[HUG#1736264]
Unternehmensinformation / Kurzprofil:
Datum: 17.10.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 306642
Anzahl Zeichen: 3487
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Metso lowers its financial guidance for 2013"
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