Metso Corporation's stock exchange release on October 23, 2025, at 09:00 a.m.
EEST
Figures in brackets refer to the corresponding period in 2024, unless otherwise
stated. Comparative income statement, orders received and order backlog figures
for the Group and Minerals segment have been restated following the
reclassification of the Metals & Chemical Processing business as part of
continuing operations since July 1, 2025.
Third-quarter 2025 in brief
· Overall market activity remained at the previous quarter's level
· Orders received increased 2% to EUR 1,264 million (EUR 1,237 million);
Aggregates +8% and Minerals +1%
· Sales grew 10% to EUR 1,328 million (EUR 1,211 million); Aggregates +9% and
Minerals +10%
· Adjusted EBITA was EUR 222 million, or 16.7% of sales (EUR 204 million, or
16.8%)
· Operating profit was EUR 205 million, or 15.5% of sales (EUR 185 million, or
15.3%)
· Cash flow from operations was EUR 266 million (EUR -19 million)
· New strategy and financial targets were published in September
January-September 2025 in brief
· Orders received increased 4% to EUR 3,970 million (EUR 3,811 million)
· Sales grew 2% to EUR 3,797 million (EUR 3,725 million)
· Adjusted EBITA was EUR 597 million, or 15.7% of sales (EUR 620 million, or
16.6%)
· Operating profit was EUR 551 million, or 14.5% of sales (EUR 577 million, or
15.5%)
· For continuing operations, earnings per share were EUR 0.44 (EUR 0.48).
Earnings per share were EUR 0.39 (EUR 0.21)
· Cash flow from operations was EUR 609 million (EUR 290 million)
President and CEO Sami Takaluoma:
Customer activity remained robust in the third quarter, continuing the positive
momentum established earlier in the year. In our Minerals segment, customers
advanced their investment projects, with decision-making for small- and medium
-sized initiatives holding steady at a healthy level. While larger investments
are progressing, their timing remains subject to various external factors and
uncertainties. Nevertheless, we are encouraged by the ongoing development of
copper- and gold-related projects and anticipate further opportunities in these
areas. Metal prices have stayed favorable, supporting both new project activity
and sustaining strong demand in our aftermarket business.
In the Aggregates segment, normal seasonal patterns led to a decline in demand
compared to the previous quarter. However, demand remained higher year-on-year
in most of our main markets. Given that the US is our largest market in
Aggregates, we continue to closely monitor the tariff situation and its
potential negative impact on customer activity.
Our orders received increased by 2 percent, or 7 percent in constant currencies,
in the third quarter compared to the same period last year. Orders in the
Aggregates segment grew by 8 percent, and in the Minerals segment by 1 percent.
While exchange rate fluctuations had a negative impact, underlying growth was
solid across the board. In the Minerals segment, aftermarket and small- to mid
-sized equipment orders were particularly strong, offsetting the absence of a
single large order as seen in the comparison period. Order growth in Aggregates
was positively impacted by acquisitions completed at the end of last year, as
well as a recovery in European markets.
Group sales grew by 10 percent, or 14 percent in constant currencies, with both
segments contributing evenly. Thanks to sales growth and operational efficiency,
our adjusted EBITA rose to EUR 222 million, representing 16.7 percent of sales.
Both segments delivered solid results and profitability, and it was especially
positive to see operating cash flow strengthen to EUR 266 million.
In September, we launched our new ‘We go beyond.' strategy, which places
customers at the heart of everything we do and unlocks Metso's full potential
for growth and profitability. By focusing on customer experience, sustainability
and safety leadership, and financial excellence, we are setting new benchmarks
for our industry. In Aggregates, we are reinforcing our leadership in
aftermarket and recycling, while in Minerals, we are driving growth in energy
transition minerals through technology and customer closeness. Our new financial
targets—covering growth, profitability, financial strength, and dividends—are
designed to drive sustainable, long-term shareholder value. The new strategy and
financial targets were presented and discussed during our well-attended Capital
Markets Day held in early October.
Thanks to our strong quarterly results, a new strategy focused on growth and
profitability, and record-high employee satisfaction, I am confident that Metso
is stronger than ever—ready to go beyond and achieve its ambition of becoming
the industry benchmark.
Market outlook
Metso expects that market activity in both Minerals and Aggregates will remain
at the current level. Tariff-related turbulence could potentially affect global
economic growth and market activity.
In its previously published outlook, Metso expected market activity in both
Minerals and Aggregates to remain at the current level.
According to the company's disclosure policy, Metso's market outlook describes
the expected sequential development of market activity, adjusting for
seasonality, during the following six-month period using three categories:
improve, remain at the current level, or decline.
Key figures
EUR million Q3/202 Q3/202 Change Q1-Q3/2 Q1-Q3/2 Change 2024
5 4 % 025 024 %
Orders received* 1,264 1,237 2 3,970 3,811 4 5,278
Orders received by 744 672 11 2,269 2,205 3 2,904
aftermarket business*
% of orders received* 59 54 - 57 58 - 55
Order backlog* 3,239 3,138 3 3,223
Sales* 1,328 1,211 10 3,797 3,725 2 5,026
Sales by aftermarket 707 681 4 2,071 2,110 -2 2,846
business*
% of sales* 53 56 - 55 57 - 57
Adjusted EBITA* 222 204 9 597 620 -4 830
% of sales* 16.7 16.8 - 15.7 16.6 - 16.5
Operating profit* 205 185 11 551 577 -4 749
% of sales* 15.5 15.3 - 14.5 15.5 - 14.9
Earnings per share, 0.17 0.16 6 0.44 0.48 -8 0.61
continuing operations,
EUR*
Cash flow from 266 -19 - 609 290 110 576
operations
Gearing, % 44.3 47.2 - 44.9
Net debt/EBITDA, last 1.3 1.2 - 1.3
12 months*
Personnel at end of 17,874 17,061 5 16,832
period
* Comparative figures for 2024 have been restated. More information available on
note 10. Discontinued operations.
Audiocast and conference call details
President and CEO Sami Takaluoma will present the results in an audiocast and a
conference call for analysts and investors today at 1:00 p.m. EEST.
The audiocast can be followedat
the company's website (https://www.metso.com/corporate/investors/financials/inter
im-review/). A recording and a transcript will be available on the same webpage
after the event has finished.
The teleconference can be accessed by registering at the link below.
https://events.inderes.com/metso/q3-2025/dial
-in (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fevents.ind
eres.com%2Fmetso%2Fq3-2025%2Fdial
-in&data=05%7C02%7Celena.ranta%40metso.com%7C7619f9046f134ac80a9d08de06f7e41c%7C5
c5456f4c40240c5a73de78777e7bf9e%7C0%7C0%7C638955858932803378%7CUnknown%7CTWFpbGZs
b3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsI
ldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=K%2B5UDZY97iuvVmS76ju8d1qwmT6TUnZwszfzSyNbhg8%
3D&reserved=0)
The complete Interim Report is available as an attachment to this release.
Further information, please contact:
Juha Rouhiainen, Vice President, Investor Relations, Metso Corporation,
tel. +358 20 484 3253,
email: juha.rouhiainen(a)metso.com (juha.rouhiainen@metso.com)
Distribution:
Nasdaq Helsinki Ltd
Main media
www.metso.com
Metso is a frontrunner in sustainable technologies, end-to-end solutions and
services for the aggregates, minerals processing and metals refining industries
globally. We improve our customers' energy and water efficiency, increase their
productivity, and reduce environmental risks with our product and service
expertise. We are the partner for positive change.
Metso is headquartered in Espoo, Finland. At the end of 2024 Metso had close to
17,000 employees in around 50 countries, and sales in 2024 were about EUR 4.9
billion. Metso is listed on the Nasdaq Helsinki. metso.com