Metso Corp (OTCPK:OUKPY)

$ 4.27 -0.2 (-4.47%) Market Cap: 7.07 Bil Enterprise Value: 8.27 Bil PE Ratio: 22.44 PB Ratio: 2.96 GF Score: 65/100

Q3 2024 Metso Oyj Earnings Call Transcript

Oct 24, 2024 / 10:00AM GMT

Release Date Price: $4.92 (-2.38%)

Transcript

Key Points

Positve

Metso Corp (OUKPF) reported a robust adjusted EBITA margin of 16.9%, consistent with the previous quarter.
The company saw a 3% increase in order intake at the group level, indicating positive market activity.
Metso Corp (OUKPF) announced several strategic acquisitions to enhance its product offerings and market position.
The company is making progress towards sustainability goals, with some plants achieving net zero emissions.
Metso Corp (OUKPF) has a strong proposal pipeline, particularly in the copper sector, indicating potential future growth.

Negative

Sales continued to decline due to lower order intakes in previous quarters, impacting overall revenue.
Cash flow from operations was negative, influenced by the termination of the Waste-to-energy business.
The Aggregates segment experienced a decline in orders and sales, reflecting seasonal and market challenges.
Currency fluctuations had a 4% negative impact on sales, affecting financial performance.
Inventory levels remain high, with challenges in reducing them as planned, impacting working capital.

Operator

Welcome to the conference call. (Operator Instructions)

Now I will hand the conference over to the speakers. Please go ahead.

Juha Rouhiainen

Metso Oyj - Vice President, Investor Relations

All right. Good morning. Good afternoon, everybody. This is Juha from Metso's IR, and I want to welcome you all to this conference call where we discuss our third quarter 2024 results, which were published earlier this morning. Results will be presented by our President and CEO, Pekka Vauramo; and CFO, Eeva Sipila.

And at this time, we are also joined by our new President and CEO, Sami Takaluoma, who will take over on November 1. And Sami will say a few words after the results presentation, and then we'll open the lines for the Q&A.

Before we start a reminder of the forward-looking statements we will be making and with this, I'll hand over to you, Pekka. Please go ahead.

Pekka Vauramo

Metso Oyj - Chairman of the Executive Team, President, Chief Executive Officer

Okay. Thank you, Juha, and welcome

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