Metso rises on Q1 orders beat

Metso Oyj

24/04/2025 08:42

** Shares in Metso METSO.HE rise 2.6% after the Finnish mining equipment maker reported better than expected order intake in Q1

** The company has reported Q1 order intake of EUR 1.4 billion ($1.59 billion), which is 5% ahead of Vara compiled consensus

** As per Jefferies, this led to a book-to-bill of 1.2x, which continues to see Metso convert its positive outlook for order intake into order growth

** "Overall expectations were low into the results, so we see the orders beat and in-line margin as a good performance in this backdrop and therefore enough for the stock today," says J.P.Morgan

   ** Including today's rise the stock has gained 0.91% YTD​

($1 = 0.8796 euros)

($1 = 0.8792 euros)

 (Reporting by Agnieszka Gosciak-Rabalska)

 ((Agnieszka.gosciak@thomsonreuters.com))