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METSO Metso Oyj News Story

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Metso drops after Q2 earnings miss

** Shares in Metso METSO.HE drop around 7% after the Finnish mining equipment maker posted Q2 adjusted EBITA 15% below expectations

** The group cites negative sales mix and additional costs from the Enterprise Resource Planning (ERP) implementation

** Analysts at J.P. Morgan and Jefferies note lower adjusted EBITA margin of 14.1% against 16.9% year ago

** "Metso's margin improvement story may have reached a plateau," Jefferies says, even though the ERP costs were mostly one-off

** Metso is among the worst performers on STOXX 600 index .STOXX

 (Reporting by Anna Chaberska)

 ((Anna.chaberska@thomsonreuters.com;))

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