Metso's shares rise on strong order growth, cash flow improvement

Metso Oyj

13/02/2025 08:53

** Shares in Metso  METSO.HE  rise 5.7% after the Finnish
mining equipment maker reported a better than expected order
intake and improved cash flow in Q4
    ** "The Group's orders received grew by 13 percent, thanks
especially to the strong order intake for the Minerals equipment
business," CEO Sami Takaluoma said in the statement
    ** Q4 orders of EUR 1.39 billion ($1.45 billion) were higher
than the EUR 1.32 billion expected by analysts on average
    ** Q4 sales of EUR 1.27 billion also slightly beat estimates
    ** "Cash flow, which has been a key focus for investors, did
improve, aided by a working capital release of €43m, marking a
step up from the €4m achieved in 3Q24," J.P.Morgan says 
    ** The shares are on the track for their best day in a year
if the gains hold
    
($1 = 0.9601 euros)

 (Reporting by Agnieszka Olenska)
 ((Agnieszka.Olenska@thomsonreuters.com;))