Welcome!

Microsoft Cloud Authors: David H Deans, Yeshim Deniz, Janakiram MSV, Andreas Grabner, Stackify Blog

News Feed Item

Metso's Financial Statements Review January 1 - December 31, 2012: Continued growth and an improved result in 2012

HELSINKI, FINLAND -- (Marketwire) -- 02/07/13 -- Metso Corporation's stock exchange release on February 7, 2013 at 12:00 a.m. local time

We will arrange two news conferences, one for the media and another for investors and analysts, in Helsinki today. Both events will take place at Metso Group Head Office, Fabianinkatu 9 A, Helsinki, Finland. A press conference in Finnish for the media will be arranged at 1:30 p.m. - 2.15 p.m. and the news conference in English for investors and analysts will be arranged at 15:00 EET / Helsinki time (08:00 EST / New York, 13:00 GMT / London, 14:00 CET / Paris). The news conference can also be followed through a conference call and live webcast, details at the end of this release.

This is a summary of Metso's 2012 Financial Statements Review. Complete report is attached to this release as a pdf-file and is also available at www.metso.com/investors.

Figures in brackets, unless otherwise stated, refer to the comparison period, i.e. the same period last year.

Highlights of 2012

* New orders worth EUR 6,865 million were received during 2012 (EUR 7,961 million). Orders received by the services business increased 5 percent and were EUR 3,264 million, i.e. 49 percent of all orders received (EUR 3,100 million and 40%).

* Net sales increased 13 percent from 2011 and were EUR 7,504 million (EUR 6,646 million). Services business net sales increased 11 percent and totaled EUR 3,174 million, i.e. 44 percent of total net sales (EUR 2,871 million and 45%).

* Earnings before interest, tax, and amortization (EBITA), before non-recurring items, increased 9 percent and were EUR 684 million, i.e. 9.1 percent of net sales (EUR 629 million and 9.5%).

* Non-recurring expenses were EUR 36.0 million (EUR 5.1 million), mainly related to capacity adjustment measures.

* Earnings per share of EUR 2.49 (EUR 2.38).

* Free cash flow was EUR 257 million (EUR 375 million).

* The Board proposes a dividend of EUR 1.85 per share, i.e. 74 percent of earnings per share (EUR 1.70 and 71% of earnings per share).

Highlights of the last quarter of 2012

* New orders in October-December totaled EUR 1,699 million (EUR 1,313 million). Orders received increased in all reporting segments. Orders received by the services business increased strongly, by 11 percent, and were EUR 741 million, i.e. 45 percent of all orders received (EUR 669 million and 54%).

* Net sales remained similar to the comparison period, at EUR 2,098 million (EUR 2,074 million). Our services business net sales were up 5 percent and totaled EUR 870 million, accounting for 42 percent of total net sales (EUR 829 million and 41%).

* Earnings before interest, tax, and amortization (EBITA), before non-recurring items, decreased 3 percent and were EUR 196 million, i.e. 9.3 percent of net sales (EUR 202 million and 9.7%).

* Earnings per share of EUR 0.49 (EUR 0.81).

* Free cash flow was EUR 69 million (EUR 45 million).

Guidance for financial performance during 2013

Based on the current economic situation, market outlook, and our order backlog for 2013, as well as foreign exchange rates remaining similar to those in December 2012, we estimate that in 2013 our EBITA before non-recurring items will be at around 2012 levels and our net sales at 2012 level or slightly below.

Metso's President and CEO Matti Kähkönen's comments on 2012:

2012 was another year of growth and improved results for Metso. Our operating environment was somewhat challenging, as economic growth slowed in some of our main markets, such as China, which was reflected in our customers' decision-making on large capital projects. Despite this, our order intake during 2012 was good, thanks to smaller projects and services business. We met our goal of growing our services business by more than 10 percent, which is another strong achievement. Actively developing our services capabilities and offering continues to be our top priority, and will help us to grow the services business further in 2013 and beyond. In addition to top-line growth, we also improved our profit and return on capital employed during 2012.

Looking at our businesses, activity in the mining sector is expected to remain largely unchanged at the level seen in late 2012. Construction is seeing stable demand, while good activity in oil and gas continues to support Automation. We expect some large new pulp projects to go ahead during 2013, but the paper and board machine market continues to be quiet.

Our aim for 2013 is clear. We will focus on securing and enhancing our competitiveness and continue to utilize growth opportunities in various customer industries to add value for all of our stakeholders.

Metso's key figures
                                  Q4/   Q4/ Change % Q1-Q4/ Q1-Q4/ Change %
 EUR million                     2012  2011            2012   2011
---------------------------------------------------------------------------
 Orders received                1,699 1,313       29  6,865  7,961      -14
---------------------------------------------------------------------------
 Orders received of services      741   669       11  3,264  3,100        5
 business
---------------------------------------------------------------------------
    % of orders received (1))      45    54              49     40
---------------------------------------------------------------------------
 Order backlog at end of period                       4,515  5,310      -15
---------------------------------------------------------------------------
 Net sales                      2,098 2,074        1  7,504  6,646       13
---------------------------------------------------------------------------
 Net sales of services business   870   829        5  3,174  2,871       11
---------------------------------------------------------------------------
    % of net sales (1))            42    41              44     45
---------------------------------------------------------------------------
 Earnings before interest, tax
 and amortization (EBITA) and
 non-recurring items            195.9 202.1       -3  684.3  628.5        9
---------------------------------------------------------------------------
    % of net sales                9.3   9.7             9.1    9.5
---------------------------------------------------------------------------
 Operating profit               149.5 188.5      -21  598.5  571.8        5
---------------------------------------------------------------------------
    % of net sales                7.1   9.1             8.0    8.6
---------------------------------------------------------------------------
 Earnings per share, EUR         0.49  0.81      -40   2.49   2.38        5
---------------------------------------------------------------------------
 Free cash flow                    69    45       53    257    375      -31
---------------------------------------------------------------------------
 Return on capital employed
 (ROCE) before taxes, %                                19.6   18.4
---------------------------------------------------------------------------
 Equity to assets ratio at end of                      40.5   39.8
 period, %
---------------------------------------------------------------------------
 Gearing at end of period, %                           14.2   12.2
---------------------------------------------------------------------------

(1)() )Excluding Valmet Automotive

Short-term outlook

Market development

The global economic situation, together with demand in our customer industries, are largely unchanged from the last quarter of 2012. There are some signs of positive development in the US and China, which could potentially support customer industries in the second half of 2013. Stable capacity utilization rates and the need to increase operational efficiency are continuing to support our services businesses.

We expect underlying demand in the mining market to remain at the good level seen in late 2012. Due to expected high utilization rates at mines, and our large installed equipment base stronger services presence, we expect demand for our mining services to remain excellent. Demand for construction equipment is projected to remain flat and be satisfactory in the Asia-Pacific region. In Brazil, we expect the market to continues active. We anticipate that demand in Europe and North America will stay at current relatively low levels going forward. Demand for our construction industry services is expected to remain satisfactory.

Demand for our process automation systems and flow control products and services is expected to remain good. Strong demand in the oil and gas industry is expected to offset continuing softness in the pulp and paper industry.

The market for pulp mills is expected to remain satisfactory, with good demand for rebuilds and services. Demand for papermaking lines is expected to remain weak. Capacity utilization rates in the paper and board industry may decline somewhat, although the outlook for services is good. Demand for power plants that use renewable energy sources and for related services is expected to remain satisfactory.

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 deliver sustainability and profitability to customers worldwide. Expect results. www.metso.com , www.twitter.com/metsogroup

Metso Corporation

Harri Nikunen
CFO

Juha Rouhiainen
VP, Investor Relations

Invitation to news conferences for media, investors and analysts

Metso will arrange two news conferences in Helsinki today;

* A press conference in Finnish for the media will be arranged at 1:30 p.m. - 2.15 p.m.

* A news conference in English for investors and analysts will be arranged at 15:00 EET / Helsinki (08:00 EST / New York, 13:00 GMT / London, 14:00 CET / Paris)

Both events will take place at Metso Group Head Office, Fabianinkatu 9 A, Helsinki, Finland.

A news conference in English can also be followed through a conference call and live webcast at www.metso.com/IRwebcasts from 3:00 p.m. onwards. Questions are accepted during the event via the conference call only.

Due to the live webcast, we kindly ask those attending to be present 5 minutes prior to the start of the event.

Conference call details

Conference call participants are requested to dial in five minutes before the scheduled time at:

US: +1 877 491 0064
other countries: +44 20 7162 0077
access code: 927 187.

A replay of the call will be available until February 21, 2013 on the following phone numbers:

US: +1 954 334 0342
other countries: +44 20 7031 4064
access code: 927 187.

Audio file (mp3) and a transcript of the event will be made available for downloading at www.metso.com/IRwebcasts on Monday, February 11, 2013 the latest.

The presentation material for the event will be accessible after the publication of financial statements on February 7, 2012 at www.metso.com/Investors at approximately 12 noon EET.

Welcome

Distribution:
NASDAQ OMX Helsinki Ltd
Media
www.metso.com

Metso_financial_statements_review_2012: http://hugin.info/3017/R/1676315/546337.pdf

This announcement is distributed by Thomson Reuters on behalf of 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#1676315]

For further information, please contact:

Matti Kahkonen
President and CEO
Metso Corporation
tel. +358 20 484 3000

Harri Nikunen
CFO
Metso Corporation
tel. +358 20 484 3010

Juha Rouhiainen
VP, Investor Relations
Metso Corporation
tel. +358 20 484 3253

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
There is only one world-class Cloud event on earth, and that is Cloud Expo – which returns to Silicon Valley for the 21st Cloud Expo at the Santa Clara Convention Center, October 31 - November 2, 2017. Every Global 2000 enterprise in the world is now integrating cloud computing in some form into its IT development and operations. Midsize and small businesses are also migrating to the cloud in increasing numbers. Companies are each developing their unique mix of cloud technologies and service...
SYS-CON Events announced today that Golden Gate University will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Since 1901, non-profit Golden Gate University (GGU) has been helping adults achieve their professional goals by providing high quality, practice-based undergraduate and graduate educational programs in law, taxation, business and related professions. Many of its courses are taug...
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
SYS-CON Events announced today that Secure Channels, a cybersecurity firm, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Secure Channels, Inc. offers several products and solutions to its many clients, helping them protect critical data from being compromised and access to computer networks from the unauthorized. The company develops comprehensive data encryption security strategie...
An increasing number of companies are creating products that combine data with analytical capabilities. Running interactive queries on Big Data requires complex architectures to store and query data effectively, typically involving data streams, an choosing efficient file format/database and multiple independent systems that are tied together through custom-engineered pipelines. In his session at @BigDataExpo at @ThingsExpo, Tomer Levi, a senior software engineer at Intel’s Advanced Analytics ...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a...
SYS-CON Events announced today that App2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. App2Cloud is an online Platform, specializing in migrating legacy applications to any Cloud Providers (AWS, Azure, Google Cloud).
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, shared examples from a wide range of industries – including en...
Detecting internal user threats in the Big Data eco-system is challenging and cumbersome. Many organizations monitor internal usage of the Big Data eco-system using a set of alerts. This is not a scalable process given the increase in the number of alerts with the accelerating growth in data volume and user base. Organizations are increasingly leveraging machine learning to monitor only those data elements that are sensitive and critical, autonomously establish monitoring policies, and to detect...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Consumers increasingly expect their electronic "things" to be connected to smart phones, tablets and the Internet. When that thing happens to be a medical device, the risks and benefits of connectivity must be carefully weighed. Once the decision is made that connecting the device is beneficial, medical device manufacturers must design their products to maintain patient safety and prevent compromised personal health information in the face of cybersecurity threats. In his session at @ThingsExpo...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.