Metsoís Capital Markets Day to focus on the Groupís services business, and will include preliminary assessment on Metsoís financial performance in 2013
Metso will hold a Capital Markets Day event focused on the Groupís services business today, December 11, at Automationís Valve Technology Center in Vantaa, Finland. Metsoís senior management will review the Groupís strategy and financial performance at the event, and provide updated guidance on the future prospects of its businesses.
Metsoís services business, one of the Groupís key growth areas, will be covered extensively at the Capital Markets Day. A number of growth opportunities in the services business have been identified in all of Metsoís segments, and to outline the potential seen here Metso has decided to announce the following growth target and profitability data:
ē†Metsoís target is to grow annual net sales of its services business from the current level of approx. EUR 3.2 billion to EUR 4.5 billion by the end of 2016. This target is in line with the previously announced goal of annual growth of over 10%.
ē†The EBITA margin (before non-recurring items) of Metsoí services business was 14-15% in 2010, 2011, and the first three quarters of 2012. In addition to increasing net sales, Metso is also aiming to increase the EBITA margin of its services business.
Assessment on Metsoís financial performance in 2013
Metsoís management has also decided to provide the following update on the Groupís financial performance in 2013:
Based on our current view of the global economy, market outlook, and our order backlog for 2013, we estimate that:
ē Our net sales and EBITA before non-recurring items in 2013 will be at around the same level compared to 2012
ē Our segmentsí EBITA before non-recurring items will develop in 2013 compared to 2012 as follows:
- Mining and Construction and Automation improvement
- Pulp, Paper and Power decline.
Metsoís Capital Markets Day will begin at 9:00 a.m. Finnish time/EEST (7:00 a.m. GMT) Presentation material will be published on the Metso Web site at www.metso.com/cmd. The event will also be broadcast live via the site (compatible also for mobile devices). Recordings of individual presentations will be posted online after the event.
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.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.