Metso Reports 2024 Financials: Strong Orders for Minerals Equipment

Helsinki – Metso Oyj, a supplier of equipment for the mining and aggregates industries, released its full-year 2024 financial review, highlighting robust demand for its Minerals equipment. In the fourth quarter, orders received increased by 13% to EUR 1,391 million, primarily driven by equipment orders.

However, the company's total sales for the fourth quarter decreased by 5% to EUR 1,272 million compared to the same period in 2023. For the full year 2024, sales amounted to EUR 4,863 million, a 10% decrease year-on-year. Metso's adjusted earnings before interest, taxes, and amortization (Adjusted EBITA) stood at EUR 203 million for the fourth quarter, representing a 16.0% margin. The company maintained profitability despite lower sales.

Sami Takaluoma, who assumed the role of President and CEO in November 2024, stated that the company is well-positioned for profitable growth. "Despite a generally weaker market last year due to macroeconomic uncertainties and slower customer decision-making, we continued to improve our backlog during the fourth quarter," Takaluoma commented. The Aggregates segment saw orders at the level of the comparison period, positively influenced by acquisitions made in the fall.

Metso's market outlook forecasts that market activity in both the Minerals and Aggregates segments will remain at current levels. The company's operating profit for the year was EUR 727 million. The Board of Directors will propose a dividend of EUR 0.38 for 2024, an increase from EUR 0.36 paid for 2023.

Cash flow from operations was strong, reaching EUR 286 million in the fourth quarter, supported by solid profitability and reduced net working capital. The full-year cash flow from operations was EUR 576 million.