This short-term outlook was published in accordance of Metso's Financial Statements review January 1 - December 31, 2013 on February 6, 2014.
We expect demand for mining equipment and projects to be weak. 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 projected to remain satisfactory.
Demand for our process automation systems is expected to remain satisfactory, whereas demand for flow control products and related services is expected to remain good.
Market activity is estimated to remain roughly similar to 2013 and our order backlog in the beginning of 2014 was some EUR 400 million lower compared to the beginning of 2013. Continuing cost efficiency efforts are expected to support our profitability. We therefore estimate that our net sales in 2014 will be somewhat below 2013 and our EBITA margin before non-recurring items at around 12 percent of net sales.