Finland's Metso Q3 orders jump as mining demand lifts minerals segment

Metso Oyj

22/10/2026 07:11

Overview
Finland-based mining tech provider's Q3 orders grew 28% yr/yr; sales up 3%
Adjusted EBITA rose 4% yr/yr; EPS from continuing operations fell 12%
Minerals segment drove order growth, supported by strong mining customer activity

Outlook
Company did not provide specific financial guidance for upcoming quarters or full year in its press release
Metso expects market activity in Minerals and Aggregates to remain at current level next 6 months
Metso sees high utilization in Minerals and customers preparing investments for longer-term demand

Result Drivers
MINERALS SEGMENT - Co said strong mining customer activity and favorable copper and gold prices drove 34% yr/yr order growth in Minerals, with equipment orders up 79%
AFTERMARKET SALES - Aftermarket sales grew 10% yr/yr and accounted for 57% of group sales, reflecting continued customer activity
AGGREGATES MARKETS - Aggregates orders rose 4% yr/yr, driven by European and North American markets; sales up 5% yr/yr

Company press release: ID:nWkr6mYSFg

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
 
EUR 1.37 bln
 
Q3 EPS
 
EUR 0.15
 
Q3 Adjusted EBITA
 
EUR 230 mln
 
Q3 EBIT
 
EUR 197 mln
 
Q3 Orders
 
EUR 1.61 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 11 "strong buy" or "buy", 7 "hold" and 3 "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 €18.50, about 13.4% above its October 21 closing price of €16.31
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago

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(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.)