The demerger of Metso Corporation and the combination of Metso’s Minerals business and Outotec was completed on June 30, 2020. In the transaction, the legal acquirer Outotec issued new shares to Metso shareholders and received all assets, rights, debts and liabilities related to Metso’s Minerals business. In the IFRS reporting this transaction is treated as a reverse acquisition, where Metso Minerals is the accounting acquirer and Outotec the accounting acquiree.
Metso Outotec publishes the attached audited carve-out financial statements for Metso Minerals for the financial year 2019, including auditor’s report. These financial statements include the balance sheet to which the Outotec Group has been combined later at the registration date of the transaction, June 30, 2020.
Metso Outotec will publish its half-year report for January-June 2020 on August 5, 2020, which has been prepared according to the accounting principles of the Metso Outotec Group, which are based on the accounting principles of Metso Minerals. Metso Outotec’s half-year report will include the consolidated Metso Outotec balance sheet as at June 30, 2020, whereas the IFRS-based income statement and cash flow include only Metso Minerals. The company will provide additional information on Outotec as well as a pro forma-based Metso Outotec income statement separately. The segment reporting is still based on the legacy segment structure of the companies, i.e. Metso’s Minerals business and Outotec’s Minerals Processing and Metals Refining segments. The segment reporting based on the new Metso Outotec organization will be effective as of July 1, 2020, and will form the basis for the Q3/2020 reporting.
Further information, please contact:
Juha Rouhiainen, VP, Investor Relations, Metso Outotec Corporation, tel. +358 20 4843253, email: firstname.lastname@example.org
Nasdaq Helsinki Ltd
Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, metals refining and recycling industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change.
Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its illustrative combined sales for 2019 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec
|Metso Minerals Carve-out Financial Statements 2019||Download|