‘Positive’ profit-making capabilities sees Metso raise its financial targets
24 October 2023
Metso has revised its targets for the current financial period, having exceeded its previous adjusted EBITA (earnings before interest, tax and amortisation) goal ahead of schedule.
Pekka Vauramo, Metso CEO, speaking at a recent event in Chile. (Photo: Metso Outotec)
The company, which had already exceeded its previous EBITA margin target of 15%, has upped its target figure for the period to 17%.
Metso says “positive development seen in its profit-making capabilities” for its portfolio, which is focused around its Aggregates and Minerals business segments.
Metso’s President and CEO, Pekka Vauramo, said: ”Since completing the Metso Outotec integration, we have successfully strengthened our results and profitability, de-risked our business and have made strong progress in our other targets.
“As a result, we have evaluated our financial targets and decided to raise the bar relating to the development of our profitability.
“Going forward, we will target an adjusted EBITA margin exceeding 17% over the cycle. This upgrade is based on the recent development of our financial performance, changes in our business portfolio, as well as on our possibilities to further improve the financial result of our continuing operations.”
Pekka added: “Our other three targets – a strong balance sheet, a competitive dividend, and the continuous development of sustainability – will remain unchanged and will contribute to our value generation also in the future.”
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