This short-term outlook was published in accordance of Metso's Interim review January 1- June 30, 2014 on July 31, 2014.
We expect demand for mining equipment and projects to remain weak but stable. Due to our large installed equipment base and our stronger services presence, we expect demand for our mining services to remain good.
Demand for construction equipment and related services is expected to be satisfactory.
Demand for products and services for our flow control business is expected to remain good, whereas for our process automation systems business is expected to remain satisfactory.
We estimate that our net sales in 2014 will be somewhat below 2013 and that our EBITA margin before non-recurring items for 2014 will be around 12 percent of net sales.
This guidance is based on our current market outlook, order backlog for 2014, and cost efficiency actions, as well as foreign exchange rates remaining similar to those in June 2014.