Review by President and CEO Matti Kähkönen at Metso's Annual General Meeting
Metso Corporation's stock exchange release on March 29, 2012 at 3:00 p.m. local time
Metso's President and CEO Matti Kähkönen will discuss the company's strategy and operating environment at the Annual General Meeting scheduled to start today at 3:00 p.m. Finnish time.
"There have not been any significant changes in our customer industries duirng the first part of the year, and orders received were at a good level in January and February, in line with our expectations," Kähkönen says.
Kähkönen will reiterate the guidance statement that the company published earlier, in which it is estimated that Metso's net sales will grow and EBITA before non-recurring items will improve in 2012 compared to 2011. The guidance is based on the company's current market outlook, strong order backlog and current business scope.
Regarding Metso's strategy, Kähkönen says that the company is fit for the future and will continue to focus on its three strategic priorities: the services business, growth countries and the mining business.
"Success in these areas will bring most value to Metso and its stakeholders. Development of the services business and growth countries are key themes for all our businesses. Of our customer industries, mining is where investments are growing fastest globally," Kähkönen says.
Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Expect results.
For further information, please contact:
Juha Rouhiainen, VP, Investor Relations, Metso Corporation, tel +358 20 484 3253
VP, Investor Relations
NASDAQ OMX Helsinki Ltd