Annual report 2021

Highlights from our year

We delivered very strong results in 2021 in all our strategic key areas. Our financial performance improved significantly, we exceeded the integration synergy targets, progressed in building our internal culture with improving engagement among personnel and, specifically, took big leaps in advancing our sustainability ambition.

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In addition to the outstanding Metso Outotec team, I want to thank our business partners and our shareholders for your continued support. I look forward to working with all of you in 2022 to deliver our strategic priorities.

Pekka Vauramo, President and CEO

Our year in numbers

5,421 MEUR

ORDERS

4,236 MEUR

SALES

425 MEUR

OPERATING PROFIT

0.35 EUR

EARNINGS PER SHARE

Strategy driving value creation

Metso Outotec is committed to building a Tier-1 company with strong focus on growth and profitability. In the future, we continue to implement our four top priorities that are common for all our businesses and address the interests of our stakeholders: financial performance, customer success, sustainability and performance culture. As the integration of Metso and Outotec has now been completed, our focus has shifted more towards growth and customer success.

Our target in the integration of Metso and Outotec was to realize EUR 120 million of annual pre-tax run-rate cost synergies by the end of 2021 and EUR 150 million of annual revenue run-rate synergies by the end of 2022. The synergy results were achieved by the end of 2021, with EUR 142 million of cost synergies and EUR 110 million of revenue already recognized in sales in 2021 and EUR 115 million in order backlog to be recognized in 2022. Going forward, our focus is on continually improving financial performance across all our businesses.

When it comes to customer success, it is at the core of our strategy. We want to support our customers to succeed and succeed together with them. Our aim is to better leverage our strong aftermarket presence globally. We have already implemented a key account management model to provide excellent service for our global and market area key customers, as well as improved our distribution management model in the Aggregates segment.

Enabling our customers’ sustainability ambitions

Our purpose is to ‘Enable sustainable modern life’. Climate change is one of the biggest challenges to sustaining our way of life, and a topic where Metso Outotec wants to play a role. In 2021, we further strengthened our commitment to limiting climate change to 1.5 degrees and our aim is to reach net zero in our own operations by 2030.

Our customers in the aggregates, mining and metals refining industries demand solutions that help them
operate sustainably and efficiently. We offer sustainable technologies, equipment, and services to suport them. By innovating new and better technologies and by improving our ways of operating, we help to create a more sustainable future.

Sustainability is our top priority

As a responsible and trusted partner, we work efficiently and responsibly in terms of the economy, environment and ensure the safety and well being of people. These dimensions are critical throughout our value chain, from procurement to end product.