Short-term outlook and guidance
This short-term outlook and guidance were published in accordance of Metso's Interim review January 1- September 23, 2014 on October 23 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 aggregates equipment and related services is expected to be satisfactory.
Demand for products and services for our valves and pumps businesses is expected to remain good, whereas demand for our process automation systems business is expected to remain satisfactory.
Our guidance for 2014 (originally published on February 6, 2014) remains unchanged. 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, the order backlog for 2014, and cost efficiency actions, as well as foreign exchange rates remaining similar to those in September 2014.