Stock Exchange release July 24, 2009 10:55:00 AM CET
Metso decides not to distribute the additional dividend for 2008
Metso Corporation's company release on July 24, 2009 at 11:55 a.m.
Metso's Board of Directors has today decided that Metso will not pay any additional dividend for 2008 in addition to the ordinary dividend of 0.70 euro per share that was distributed in April 2009. Metso's financial performance and financial position are stable and have developed according to management expectations, but the market visibility for 2010 continues to be weak. The importance of strong balance sheet increases in an uncertain economic climate.
The Annual General Meeting of March 30, 2009 authorized the Board to decide by the end of 2009, at its discretion and when the economic situation of Metso favors it, on the payment of an additional dividend for 2008 in the amount of no more than EUR 0.68 per share. With today's Board decision no additional dividend will be distributed.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 28,000 employees in more than 50 countries. www.metso.com
Further information, please contact:
Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding expectations for general economic development and the market situation, expectations for customer industry profitability and investment willingness, expectations for company growth, development and profitability and the realization of synergy benefits and cost savings, and statements preceded by "expects", "estimates", "forecasts" or similar expressions, are forward-looking statements. These statements are based on current decisions and plans and currently known factors. They involve risks and uncertainties which may cause the actual results to materially differ from the results currently expected by the company.
Such factors include, but are not limited to:
(1) general economic conditions, including fluctuations in exchange rates and interest levels which influence the operating environment and profitability of customers and thereby the orders received by the company and their margins
(2) the competitive situation, especially significant technological solutions developed by competitors
(3) the company's own operating conditions, such as the success of production, product development and project management and their continuous development and improvement
(4) the success of pending and future acquisitions and restructuring.
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