Q1 2026 Metso Oyj Earnings Call Transcript
Key Points
- Metso Corp (OUKPF) reported a strong order intake of EUR 1.555 billion, marking a 6% year-on-year growth, or 10% in constant currencies.
- The company achieved a sales growth of 3% year-on-year, or 5% in constant currencies, driven primarily by the Minerals equipment segment.
- Adjusted EBITDA increased by 5% year-on-year to EUR 203 million, with a margin improvement to 16.2%.
- The company completed the acquisition of MRA Automation, enhancing its automation and software capabilities.
- Metso Corp (OUKPF) successfully completed its ERP renewal project, which is expected to yield operational efficiencies in the future.
- Operating cash flow for the quarter was lower than the previous period at EUR 78 million, primarily due to inventory buildup and timing of cash flows.
- The aftermarket sales in the Aggregates segment were down by 14%, impacted by a minor adjustment in presentation between capital and aftermarket.
- Geopolitical uncertainties and potential impacts on global economic growth remain a risk for the company's market activity.
- The company faces increased logistics costs and fossil fuel-related inflation due to geopolitical tensions.
- The Minerals segment's EBITDA margin, while improved, remains below the company's medium-term target of 20%.
Good afternoon, good morning, everyone. This is Juha from Metso's Investor Relations, and a warm welcome to our first-quarter '26 results conference call where we have our President and CEO, Sami Takaluoma; and CFO, Pasi Kyckling, briefing you about the results. Sami will start with some of the highlights and then Pasi will walk you through our financials and cash flows in more detail. And after that, we are taking your questions. Before we start, a couple of reminders.
First of all, we will have our forward-looking statements disclaimer in the presentation deck and today is our AGM. So it's a busy day, and that's why we are going to limit this call to 50 minutes. So please take that into account and ask as briefly as you can. We would appreciate that. With these words, Sami, over to you.
Thank you, Juha, and good afternoon also from my behalf to everybody. Let's go through the Q1 performance. In
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