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METSO — Metso Oyj News Story

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Metso gains after Q2 Minerals orders top forecasts

BUZZ-Metso gains after Q2 Minerals orders top forecasts

** Shares in Metso METSO.HE rise 5.6% after the Finnish mining equipment maker posted Q2 results with strong Minerals order intake, with orders up 21% organically and 11% above consensus, Jefferies says

** It posts orders in the quarter rising 18% to 1.42 billion euros ($1.62 billion), sales of 1.33 billion euros and EBIT at 185 million euros

** Jefferies says the highlight of the results was Minerals order intake which was materially ahead of figures reported by Epiroc and Sandvik last week

** The broker notes strength appears broad across commodities and geographies, but was particularly driven by commodities supporting Electrification and Energy transition; OE orders rose 50% year-on-year and Aftermarket orders 13%

** Jefferies also highlights that Metso kept its outlook unchanged, expecting market activity in both Minerals and Aggregates to remain at the current level

** Up to the previous session's close, shares were up 4.1%​ YTD










($1 = 0.8783 euros)


(Reporting by Agnieszka Gosciak-Rabalska)

((Agnieszka.Gosciak@thomsonreuters.com; +48 58 769 66 00;))

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