Metso Corp (OTCPK:OUKPY)
$ 8.19 -0.25 (-2.96%) Market Cap: 13.56 Bil Enterprise Value: 14.88 Bil PE Ratio: 27.03 PB Ratio: 4.22 GF Score: 81/100

Q4 2024 Metso Oyj Earnings Call Transcript

Feb 13, 2025 / 11:00AM GMT
Release Date Price: $5.45 (+13.44%)

Key Points

Positve
  • Metso Corp (OUKPF) reported a healthy adjusted EBITDA margin of 16% for Q4 2024.
  • The company saw a 13% increase in orders received compared to the last quarter of 2023.
  • Cash flow from operations grew by 32% year-over-year, reaching EUR 286 million.
  • The Minerals segment experienced significant growth in equipment orders, driven by copper and gold customers.
  • Metso Corp (OUKPF) proposed an increase in dividends, reflecting confidence in future performance.
Negative
  • Sales declined by 5% compared to the previous year's last quarter, attributed to past order intake slowness.
  • Adjusted EBITA was 10% below the previous year's figure, indicating some profitability challenges.
  • The Mobile Equipment market remains soft, impacting both equipment and services orders.
  • The company incurred additional warranty costs in the Minerals segment, affecting profitability.
  • The sustainability portfolio did not grow in 2024, contrary to the company's targets.
Juha Rouhiainen
Metso Oyj - Vice President, Investor Relations

Good afternoon, good morning, everyone. This is Juha from Metso's Investor Relations, and I want to welcome you all to this conference call where we discuss our Fourth Quarter and Full Year 2024 Results, which came out earlier this morning. The results will be presented by: our President and CEO, Sami Takaluoma; and CFO, Eeva Sipila. And after the presentation, as usual, we will have the Q&A session. Before we get into it, I want to remind you about the forward-looking statements we will be making in this call.

And with these words, I'll hand over to Sami. Please go ahead.

Sami Takaluoma
Metso Oyj - President - Services, Member of the Executive Board

Thank you, Juha, and good afternoon also from my behalf, and welcome to this call where we look at the Q4 performance. Highlights for the quarter:

Market activity was very much in line with our expectations, and we continued to have minerals equipment orders coming through from the funnel that we have. And for the quarter, we

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