Strategy
Enabling sustainable modern life
Metso’s purpose is to enable sustainable modern life. Our products and services are used in aggregates, minerals processing and metals refining industries to produce materials that are needed to sustain our way of living.
Targets
Adjusted EBITA margin of >17% over the cycle
Maintaining an ‘investment-grade’ credit rating
Dividend pay-out of at least 50% of earnings per share
Progress in sustainability in alignment with the 1.5 °C commitment
Our purpose and vision lead our way forward
Our vision is to be our customers’ number one choice for sustainable use of the earth’s natural resources. Together we deliver services, innovations and results – reliably and safely. We want to be a valuable partner for our customers and help them reach their goals. Financial performance is at the core of our strategy execution with a focus on continued growth and profitability improvement driven by innovations. We operate in aggregates and mining, two industries that not only have mutual synergies but also long-term growth potential. We are committed to delivering strong financial performance that enables us to invest in the further growth of our business and to pay competitive dividends to our shareholders.
Metso is committed to building a Tier-1 company. We continue to implement our strategy across all our businesses through four priorities addressing the needs of our stakeholders:
- Customer success
- Sustainability
- Performance culture
- Financial performance
Four priority areas of strategy implementation
Aiming for sustainability leadership
Our purpose is to enable sustainable modern life. Environmental issues are an integral part of our sustainability agenda because climate change is a big challenge for our customer industries. Our customers are demanding more efficient and sustainable solutions to reach their ambitious climate targets and to meet the fast-growing demand for strategic raw materials. As a major equipment supplier, we can create the biggest positive change by working together with our customers for more sustainable processes.
Central to our sustainability efforts is our Metso Plus offering – products that are significantly more energy or water efficient than an industry benchmark or a previous generation product. Metso Plus products help our customers cut their CO₂ emissions, both directly and through reductions in carbon intensity of manufacturing and delivering products, as well as by offering the potential for increased recycling. Metso Plus Services can improve our customers’ processes with modernizations and upgrades as well as by optimizing existing production processes. Our Metso Plus portfolio already includes over 100 products, and our aim is to keep expanding and improving this offering by continuously innovating. We target 80% of our R&D spend on Metso Plus development by 2030.
We have a zero-harm approach to health and safety. With our comprehensive safety agenda and continuous actions, we aim to improve the safety of our employees, partners, customers, contractors and other stakeholders. The safety of our products is one of the key drivers in our research and development work. Our safety promise doesn’t end with the product. We have a range of solutions to eliminate safety risks at customer operations and improve customers’ operational performance over the full life-time of our products.
We have set a target to reach net-zero CO₂ emissions in our own operations by 2030. We are also targeting a 20% cut in our logistics emissions by 2025 and that 30% of the direct supplier spend by the end of 2025 is with partners who have set Science-Based CO₂ emissions targets.
Read more in our sustainability section.