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METSO Metso Oyj News Story

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Finland's Metso Q1 sales rise on order growth

Overview

Finland sustainable tech provider's Q1 sales rose 3% yr/yr, adjusted EBITA up 5%

Orders received for Q1 grew 6%, driven by Aggregates and major Minerals equipment order

Cash flow from operations fell sharply due to inventory build-up and delivery timing

Outlook

Metso expects market activity in Minerals and Aggregates to remain at the current level

Company says geopolitical turbulence could affect global economic growth and market activity

Metso cites strong order book and broad customer base as supporting its outlook

Result Drivers

ORDER GROWTH - Orders received rose 6%, driven by strong Aggregates demand and a major Minerals equipment order for a copper mine in Peru

EFFICIENCY MEASURES - Adjusted EBITA margin improved, supported by operational leverage and internal efficiency measures

CASH FLOW IMPACT - Cash flow from operations declined mainly due to inventory build-up and timing of Minerals equipment deliveries

Company press release: ID:nWkrbzYcLS

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 SalesEUR 1.25 bln
Q1 EPSEUR 0.14
Q1 Adjusted EBITAEUR 203 mln
Q1 EBITEUR 165 mln
Q1 OrdersEUR 1.56 bln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 9 "hold" and 4 "sell" or "strong sell" The average consensus recommendation for the heavy machinery & vehicles peer group is "buy." Wall Street's median 12-month price target for Metso Oyj is €17.25, about 9.7% above its April 21 closing price of €15.73 The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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