Finland · Delayed Price · Currency is EUR Metso Oyj Earnings Call Transcripts
Fiscal Year 2026
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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 2025 saw 11% sales growth, strong cash flow, and stable margins, with robust order intake in both aggregates and minerals. Market activity is expected to remain steady, with continued focus on aftermarket growth, strategic M&A, and sustainability initiatives.
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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 growth was strong in both segments, but Q2 profitability declined due to ERP rollout costs and an unfavorable sales mix. Cash flow improved year-over-year, and the outlook remains stable with a strong order backlog supporting H2 performance.
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Q1 2025 saw resilient margins and strong order growth, especially in minerals and aggregates, despite a 4% sales decline. Cash flow and debt reduction improved, with tariff risks mitigated by a flexible supply chain. Market activity remains stable, with H2 expected to be stronger.
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.