Finland · Delayed Price · Currency is EUR Metso Oyj Earnings Call Transcripts
Fiscal Year 2026
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Orders, sales, and profitability improved year-over-year, led by strong minerals demand and robust aftermarket growth. Order backlog rose 13%, margins expanded, and cash generation remained high. Strategic investments and disciplined capital allocation support future growth.
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Orders and sales grew year-on-year, driven by strong performance in Aggregates and Minerals, with a robust backlog and stable margins. Strategy execution advanced with new investments, acquisitions, and technology partnerships, while geopolitical and commodity risks remain monitored.
Fiscal Year 2025
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Q4 saw 11% sales growth and strong cash flow, with robust order intake in both aggregates and minerals, supported by major equipment orders. The outlook remains stable, with continued focus on aftermarket growth, strategic acquisitions, and a proposed dividend increase.
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Q3 2025 delivered strong sales and order growth, with adjusted EBITDA rebounding and robust cash flow. The new "We Go Beyond" strategy targets accelerated growth, while tariff uncertainties and global economic risks remain. Segment performance was solid, especially in minerals and aggregates.
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A new five-year strategy targets industry leadership, profitable growth, and operational excellence, with ambitious financial goals for 2028. Focus areas include expanding aftermarket, digitalization, and regionalization in both Aggregates and Minerals, supported by M&A, R&D, and self-help initiatives.
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Order intake grew 6% (10% in constant currencies), but profitability declined due to ERP rollout costs and an unfavorable sales mix. Cash flow improved, inventory was reduced, and the order backlog supports a stronger H2, with market activity expected to remain stable.
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Order growth in both minerals and aggregates drove a 4% increase in group orders, while sales declined 4% year-over-year. Adjusted EBITDA margin remained resilient at 16.5%, with strong cash flow and reduced net debt. Tariff uncertainty and global volatility are key risks.
Fiscal Year 2024
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Orders grew 13% sequentially in Q4, but sales declined 5% year-over-year. Adjusted EBITDA margin was 16%, with strong cash flow and stable profitability. Minerals equipment orders surged, while aggregates remained soft. Dividend increased to EUR 0.38 per share.
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Adjusted EBITA margin held steady at 16.9% despite declining sales, with minerals equipment orders up 13% and services flat. Cash flow was impacted by a €250 million one-time charge, while inventory reduction and stable market activity remain key focuses.
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Orders and sales declined year-over-year due to delayed decision-making and market headwinds, but margins remained resilient thanks to cost management and a favorable sales mix. Cash flow improved, and sustainability targets are mostly on track, though logistics CO2 reductions lag.