-
“Our profitability has remained at a good level, and we are continuously in a stronger position to create added value for our customers and other stakeholders in all circumstances”.
Matti Kähkönen
CEO and president
Metso is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.
How to read Metso’s reports for 2015
Metso has published 3 reports that together form the Annual report for the year 2015. All of these reports can be found as PDF files on this website. The Financial Statements and Annual Review are available as printed versions in both English and Finnish. Sustainability information is presented in English as a PDF-file that will be published on week 10/2016. The Sustainability Report has been externally assured.
We achieved fairly good results overall, despite a weakening demand in many of our end markets. Our profitability (EBITA margin*) remained at a good level, 12.2%. We also continued to make good progress in making Metso an increasingly better and more competitive company.
* before non-recurring items
According to old structure and including gain on the divestment of PAS
Before non recurring items, according to old structure and including gain on the divestment of PAS
(Lost time incident frequency)
In the longer term, the megatrends support the investment growth of all of Metso’s core industries. Our good positioning within all our customer industries provides attractive opportunities for us. In addition, the increasing focus on sustainability generates new types of demand from our customers.
Targeting growth and higher profitability. We continue to strive for high profitability and growth in our core businesses, and ensure value creation for our customers and shareholders.
We operate through three business areas: Minerals Capital, Minerals Services and Flow Control.
We serve our customers in mining, aggregates, recycling, oil, gas, pulp, paper and other process industries. We are well positioned in all our customer industries, either globally or in a selected niche market.
Fairly good performance in a challenging market and competitive environment. Orders higher than net sales. Strong free cash flow. Strong free cash flow.
Excluding Process Automation Systems
Excluding Process Automation Systems
In the longer term, the megatrends support the investment growth of all of Metso’s core industries. Our good positioning within all our customer industries provides attractive opportunities for us. In addition, the increasing focus on sustainability generates new types of demand from our customers.
| EUR million | 2014 | 2015 | 2014** | 2015** |
|---|---|---|---|---|
| Orders received | 3,409 | 3,027 | 3,074 | 2,965 |
| Orders received of services business | 2,052 | 1,913 | 1,910 | 1,879 |
| Net sales | 3,658 | 2,977 | 3,363 | 2,923 |
| Services net sales | 2,007 | 1,869 | 1,869 | 1,840 |
| Services, % of net sales | 55 | 63 | 56 | 63 |
| Earnings before interest, tax and amortization (EBITA) and non recurring items | 460 | 347 | 426 | 356 |
| % of net sales | 12.6 | 11.7 | 12.7 | 12.2 |
| Order backlog, December 31 | 1,575 | 1,268 | 1,400 | 1,268 |
| Return on capital employed (ROCE) before taxes, % | 16.4 | 25.7 | 16.1 | |
| Profit | 189 | 442 | ||
| Earnings per share, EUR | 1.25 | 2.95 | ||
| Dividend per share, * | 1.05 | 1.05 | ||
| Gearing at the end of period, % | 45.6 | 10.6 | ||
| Free cash flow | 204 | 341 | ||
| Personnel, December 31 | 15,644 | 12,375 | 14,072 | 12,375 |
| * 2015 Board's proposal | ||||
| *** excluding Process Automation Systems |
