Metso Outotec publishes positive profit warning
Metso Outotec Corporation, Insider information, on July 27, 2020, at 8:30 a.m. EEST
Metso Outotec publishes preliminary information on its second-quarter results, which according to the information available to the company, seem to be better than market expectations. The good development during the second quarter has resulted from the mining industry being relatively less affected by Covid-19, healthy product margins and delivery capabilities as well as rapid and successful cost saving actions. These had a positive impact to sales and adjusted EBITA. Operating profit (EBIT), however, has been affected by cost adjustments related to the completion of Metso’s partial demerger and the merger of Metso’s Minerals business and Outotec.
Key figures for Metso Outotec are presented separately for Metso Minerals and Outotec as well as combined for illustrative purposes.
Metso Outotec will publish its half-year report on Wednesday, August 5, 2020. Prior to that, the company will not provide additional information on its financial results for the period.
Metso Outotec financial information for Q2 and January-June 2020:
| EUR million | Q2/2020 | Q2/2019 | Q1-Q2/2020 | Q1-Q2/2019 | ||
| Orders received | 976 | 1,104 | 2,090 | 2,259 | ||
| - Metso Minerals | 762 | 704 | 1,636 | 1,527 | ||
| - Outotec | 214 | 400 | 454 | 732 | ||
| Sales | 1,045 | 1,054 | 2,026 | 1,981 | ||
| - Metso Minerals | 751 | 735 | 1,447 | 1,416 | ||
| - Outotec | 294 | 319 | 579 | 565 | ||
| Adjusted EBITA | 141 | 123 | 235 | 225 | ||
| - Metso Minerals | 110 | 93 | 184 | 176 | ||
| - Outotec | 31 | 30 | 51 | 49 | ||
| Adjusted EBITA % | 13.5% | 11.7% | 11.6% | 11.4% | ||
| - Metso Minerals | 14.6% | 12.7% | 12.7% | 12.4% | ||
| - Outotec | 10.5% | 9.4% | 8.9% | 8.7% | ||
| Operating profit (EBIT) | 90 | 110 | 159 | 201 | ||
| - Metso Minerals | 87 | 88 | 145 | 166 | ||
| - Outotec | 4 | 22 | 14 | 35 | ||
| Operating profit (EBIT) % | 8.6% | 10.4% | 7.8% | 10.1% | ||
| - Metso Minerals | 11.5% | 12.0% | 10.0% | 11.7% | ||
| - Outotec | 1.5% | 7.0% | 2.4% | 6.2% |
Further information, please contact:
Juha Rouhiainen, VP, Investor Relations, Metso Outotec Corporation, tel. +358 20 4843253, email: juha.rouhiainen@mogroup.com
Distribution:
Nasdaq Helsinki Ltd
Main media
www.mogroup.com
Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, metals refining and recycling industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change.
Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its illustrative combined sales for 2019 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, www.metso.com/twitter/