Metso Outotec to start next phase in development of its Metals business

Metso Outotec will take the next structural development steps in its business portfolio, following the completed integration of its Minerals business and the successful turnaround of its Metals business. The company plans to change its business area structure and related reporting segments by transferring the Hydrometallurgy business from Metals to Minerals. The objective of the change is to accelerate Metso Outotec’s profitable growth in the minerals processing industry by more efficiently leveraging the opportunities and synergies in the minerals and hydrometallurgical processes.

Having Hydrometallurgy as part of the Minerals business will enable enhanced customer service with a competitive and fully integrated Planet Positive product offering, as well as closer integration with the customers’ processes through digitalization. Going forward, gold and battery chemicals businesses are among the interesting new synergistic growth areas.

A strategic review will be conducted in the remaining Metals business area, consisting of the Smelting, Metals & Chemical Processing and the Ferrous & Heat Transfer business lines, as well as related aftermarket services. The review will focus on evaluating the best environment for developing the Metals business and its strategic fit in Metso Outotec’s business portfolio. All potential options will be considered, including development by Metso Outotec, co-development with a partner, or divestment. The review has no impact on Metals’ daily business conduct, sales, or project execution, which will continue with full commitment.

Metso Outotec’s financial reporting will be adjusted to reflect the new segment structure as of January 1, 2022. The financial year 2021 will be reported in line with the segment structure used during 2021. The restated segment financials will be provided prior to the Q1/2022 reporting.

Further information, please contact:

Juha Rouhiainen, Vice President, Investor Relations, tel. +358 20 484 3253, email: juha.rouhiainen(at)mogroup.com

Helena Marjaranta, Vice President, Communications and Brand, Metso Outotec, tel. +358 20 484 3212, email: helena.marjaranta(at)mogroup.com

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining 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. Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets.

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2020 were about EUR 3.9 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, www.metso.com/twitter/