Metso has two financial reporting segments that are Minerals and Flow Control.
We publish information about our performance according to a previously announced schedule. Financials pages are updated at the earliest after financial information has been disclosed.
Financial reporting schedule for 2020 was published on November 15, 2019, and is as follows:
- Financial Statements Review for 2019 on February 6, 2020
- Annual Report for 2019 during the week starting on February 24, 2020, at the latest
- Interim Review for January - March 2020 on May 7, 2020
- Half-Year Review for January - June 2020 on August 5, 2020
The Annual General Meeting was planned to be held on March 20, 2020 but it was postponed due to coronavirus outbreak. The Annual General Meeting will be held as soon as permitted by future developments concerning the coronavirus outbreak. A notice to the Annual General Meeting will be issued at a later stage.
The Extraordinary General Meeting of Metso approved on October 29, 2019, a plan to combine Metso’s Minerals Business and Outotec to create Metso Outotec. As a result, Metso’s Flow Control business will become the continuing business of the currently listed Metso, which will be subsequently renamed Neles, an independent listed company supplying flow control products and services. The completion of the demerger is targeted to be registered in the second quarter of 2020, subject to the receipt of all required regulatory and other approvals.
The financial information schedule for Metso Outotec and the future Neles for the latter part of 2020 will be published separately at a later date.
Financial reports follow International Financial Reporting Standards (IFRS) and all information is presented in euros. Segments' performance is measured with operating profit/ loss (EBIT). In addition, alternative performance measures are used to reflect the underlying business performance and to improve comparability between financial periods: “earnings before interest, tax and amortization (EBITA), adjusted” and “return on operative capital employed for reporting segments (segment ROCE)”. Alternative performance measures are not substitutes for IFRS performace measures.