Metso Outotec’s new orders exceed expectations – Expects the market to improve this year

Engineering company Metso Outotec made an operating profit of EUR 44 million in the fourth quarter with a turnover of EUR 977 million. A year earlier, operating profit was EUR 103 million with a turnover of 1.1 billion.

An expected operating profit of EUR 65.4 million with a turnover of EUR 1.0 billion was expected.

Comparable ebita, ie EBITDA, dropped from EUR 138 million to EUR 103 million in October-December. A comparable ebita of EUR 115.5 million was expected.

The forecast is a consensus of 14 analysts collected by Vara Research.

The number of orders received by the company increased from EUR 1.05 billion to EUR 1.3 billion. The expectation was EUR 1.148 billion.

Including the Recycling business for sale, orders received were EUR 1,348 billion, net sales EUR 1.012 billion and adjusted EBITA EUR 106 million.

Metso Outotec classifies the Recycling Business as a discontinued business in 2020 and is therefore not included in the revenue figures.

The company proposes to pay a dividend of EUR 0.20 per share. the dividend is to be paid in two installments.

Metso Outotec expects market activity to improve, which will, however, be affected by the development of the coronavirus pandemic.

“Orders received in the fourth quarter increased in the Minerals and Metals segments and customer activity improved in the Stone Crushing segment. The strong order intake at the end of 2020 will give a good start to 2021, and at the same time we hope to be able to gradually return to normal as the coronavirus pandemic and related restrictions ease, ”the CEO Pekka Vauramo says in a press release.

Source: Arvopaperi by

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