Metso Annual Report 2017

Annual report|2017

Annual Review

Annual report|2017

Financial Statements

Annual report|2017

Corporate Governance Statement

Annual report|2017

Sustainability Supplement

This is Metso

Our vision is: Metso, the best choice for sustainable processing and flow of natural resources.

Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability.

In 2017, Metso’s sales were about EUR 2.7 billion, and 65 percent of that came from our services-related businesses. Our services offering covers the whole lifecycle of our customers’ products and processes. We are a global company providing innovative solutions for sustainable productivity with a winning team of over 12,000 employees and with operations in more than 50 countries close to our customers.

Our overall strategy remains unchanged

as does the business portfolio, but our operating model was revised. The new organization is designed to accelerate Metso's strategy implementation by strengthening our service and product businesses in the minerals and flow control markets. Growth will primarily be sought organically, but also through acquisitions. The revised organizational structure ensures the businesses are built around similar customer, competitive and business dynamics. This enables a more focused and agile organization. Additionally, our focus on innovation and technology will significantly increase, to provide better solutions for sustainability, efficiency and productivity for our customers.

Creating value for our stakeholders

We work in a sustainable manner to generate results for our various stakeholders. These are examples of the value we have generated, and continue to create for our key stakeholders and the communities we operate in.

Financial performance

Sales and orders grew in 2017. To improve profitability, heavy focus on improving operational efficiency remains a priority. Metso's balance sheet holds strong.

Orders received

EUR 2,982 million

Adjusted EBITA


Net gearing


Key figures


Orders received 2,982 2,724 9
Orders received by the services business 1,897 1,741 9
% of orders received 64 64  
Order backlog 1,439 1,320 9
Sales 2,706 2,586 5
Sales of the services business 1,767 1,703 4
% of sales 65 66  
Earnings before interest, tax and amortization (EBITA), adjusted 244 274 -11
% of sales 9.0 10.6  
Operating profit 218 227 -4
% of sales 8.1 8.8  
Earnings per share, EUR 0.68 0.87  
Free cash flow 158 339 -53
Return on capital employed (ROCE) before taxes, % 10.3 10.4  
Equity-to-assets ratio, % 44.5 48.0  
Net gearing, % 1.8 -1.8  
Personnel at the end of the year 12,037 11,542 4


We include sustainability in the whole value chain, from research and development to the life-cycle of the end product. The main environmental impact is generated in the customers' use phase and therefore the biggest savings or efficiency improvements are achieved through efficient solutions for the life-cycle of our products.

Taking care of safe working conditions is an essential part of our everyday management. Metso wants to encourage and promote a positive safety culture.