Home News 2020 Metso Outotec’s historical comparative segment information for 2019 and January-June 2020
Stock Exchange Release October 8, 2020 11:15:00 AM CET

Metso Outotec’s historical comparative segment information for 2019 and January-June 2020

Metso Outotec Corporation’s stock exchange release on October 8, 2020, at 11:15 a.m. EEST

Metso Outotec publishes historical illustrative segment information according to the company’s new structure, which has been effective as of July 1, 2020. In line with the earlier announcement, Metso Outotec’s segment reporting consists of Aggregates, Minerals and Metals & Recycling segments.  Metso Outotec’s financial reporting will be based on this segment structure from the January-September 2020 interim report, which will be published on October 28, 2020.

Metso Outotec has prepared both illustrative and IFRS-based historical quarterly segment information for 2019 and January- June 2020. The illustrative historical segment information is presented as a combination of Metso Minerals carve-out information and Outotec information, according to the Metso Outotec segment structure. The Outotec information is based on Outotec’s historical accounting principles, and the Outotec’s Minerals Processing segment is included in Metso Outotec’s Minerals segment and Outotec’s Metals Refining segment is included in Metso Outotec’s Metals & Recycling segment. The historical IFRS-based segment information for 2019 and January-June 2020 includes only Metso Minerals carve-out information.

The demerger of Metso Corporation and combination of Metso’s Minerals business and Outotec was completed on June 30, 2020. In the transaction, the legal acquirer Outotec Oyj issued new shares to Metso Oyj 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. 

The figures in this release are unaudited.

Illustrative Historical Segment Information

ORDERS RECEIVED
EUR million 1-3/2019 4–6/2019 7-9/2019 10-12/2019 1–12/2019 1-3/2020 4–6/2020 1-6/2020
Aggregates 251 230 211 274 967 290 222 512
Minerals 684 689 781 716 2,870 710 645 1,355
Metals & Recycling 220 184 176 92 673 114 109 223
Metso Outotec total 1,155 1,104 1,169 1,082 4,510 1,114 976 2,090
SALES
EUR million 1-3/2019 4–6/2019 7-9/2019 10-12/2019 1–12/2019 1-3/2020 4–6/2020 1-6/2020
Aggregates 212 229 217 271 928 244 253 496
Minerals 578 650 704 696 2,627 596 653 1,250
Metals & Recycling 137 176 152 166 631 141 139 280
Metso Outotec total 927 1,054 1,073 1,132 4,186 981 1,045 2,026
ADJUSTED EBITA AND OPERATING PROFIT
EUR million. % 1-3/2019 4–6/2019 7-9/2019 10-12/2019 1–12/2019 1-3/2020 4–6/2020 1-6/2020
Aggregates
Adjusted EBITA   25 29 28 30 112 16 34 50
% of sales 11.7 12.5 12.7 11.2 12.0 6.6 13.5 10.1
Amortization of intangible assets -1 -1 -1 -3 -5 -3 -3 -7
Adjustment items 0 -2 -4 -3 -9 0 -1 -1
Operating profit 24 26 23 25 98 13 30 43
% of sales 11.3 11.5 10.7 9.2 10.6 5.2 12.0 8.7
Minerals
Adjusted EBITA   77 88 100 84 349 72 110 183
% of sales 13.3 13.5 14.3 12.1 13.3 12.1 16.9 14.6
Amortization of intangible assets -4 -5 -6 -4 -19 -5 -5 -10
Adjustment items -1 0 -5 -6 -12 -1 -1 -2
Operating profit 71 83 90 74 319 66 104 170
% of sales 12.4 12.8 12.8 10.7 12.1 11.1 15.9 13.6
Metals & Recycling
Adjusted EBITA   5 10 29 24 68 7 10 16
% of sales 3.3 5.5 19.2 14.6 10.7 4.7 6.9 5.7
Amortization of intangible assets -3 -2 -2 -2 -10 -2 -2 -5
Adjustment items - 0 0 -1 -1 -1 -2 -2
Operating profit 2 7 27 21 57 4 6 9
% of sales 1.4 4.1 17.6 12.7 9.0 2.6 4.0 3.3
Group Head Office and other
Adjusted EBITA   -5 -3 -4 1 -10 0 -14 -14
Amortization of intangible assets -2 -2 -2 -1 -7 -1 -1 -2
Adjustment items - -2 -8 -15 -25 -14 -34 -48
Operating profit -6 -6 -14 -15 -41 -14 -49 -63
Metso Outotec total
Adjusted EBITA   102 123 153 140 519 95 141 235
% of sales 11.0 11.7 14.3 12.4 12.4 9.7 13.4 11.6
Amortization of intangible assets -9 -10 -11 -11 -40 -12 -11 -23
Adjustment items -2 -3 -17 -24 -46 -15 -38 -53
Operating profit 91 110 126 105 433 68 91 159
% of sales 9.8 10.5 11.7 9.3 10.3 6.9 8.7 7.8

Segment Information, IFRS

ORDERS RECEIVED
EUR million 1-3/2019 4–6/2019 7-9/2019 10-12/2019 1–12/2019 1-3/2020 4–6/2020 1-6/2020
Aggregates 251 230 211 274 967 290 222 512
Minerals 490 434 449 448 1,821 517 486 1,004
Metals & Recycling 82 40 62 37 221 66 54 120
Metso Minerals total 823 704 722 759 3,009 874 762 1,636
SALES
EUR million 1-3/2019 4–6/2019 7-9/2019 10-12/2019 1–12/2019 1-3/2020 4–6/2020 1-6/2020
Aggregates 212 229 217 271 928 244 253 496
Minerals 416 453 491 467 1,828 399 440 839
Metals & Recycling 53 54 55 59 220 53 59 112
Metso Minerals total 681 735 763 797 2,976 696 751 1,447

ADJUSTED EBITA AND OPERATING PROFIT

EUR million. % 1-3/2019 4–6/2019 7-9/2019 10-12/2019 1–12/2019 1-3/2020 4–6/2020 1-6/2020
Aggregates
Adjusted EBITA   25 29 28 30 112 16 34 50
% of sales 11.7 12.5 12.7 11.2 12.0 6.6 13.5 10.1
Amortization of intangible assets -1 -1 -1 -3 -5 -3 -3 -7
Adjustment items 0 -2 -4 -3 -9 0 -1 -1
Operating profit 24 26 23 25 98 13 30 43
% of sales 11.3 11.5 10.7 9.2 10.6 5.2 12.0 8.7
Minerals
Adjusted EBITA   58 63 73 62 256 55 81 135
% of sales 13.9 14.0 14.8 13.2 14.0 13.7 18.4 16.2
Amortization of intangible assets 0 -1 -2 -1 -4 -1 -1 -2
Adjustment items -1 - -7 -5 -13 0 0 -1
Operating profit 56 62 64 56 239 53 79 132
% of sales 13.5 13.8 13.0 12.1 13.1 13.3 18.0 15.8
Metals & Recycling
Adjusted EBITA   3 2 4 3 13 2 6 8
% of sales 6.3 4.1 7.5 5.8 5.9 4.0 10.7 7.5
Amortization of intangible assets 0 0 0 0 0 0 0 0
Adjustment items - - - - - - 0 0
Operating profit 3 2 4 3 13 2 6 8
% of sales 6.1 4.1 7.4 5.7 5.8 3.9 10.6 7.4
Group Head Office and other
Adjusted EBITA   -3 -1 -2 3 -4 2 -12 -10
Amortization of intangible assets -2 -2 -2 -1 -7 -1 -1 -2
Adjustment items - - -7 -8 -14 -9 -17 -26
Operating profit -5 -3 -11 -6 -25 -9 -29 -38
Metso Minerals total
Adjusted EBITA   83 93 102 99 377 74 110 184
% of sales 12.1 12.7 13.4 12.4 12.7 10.7 14.6 12.7
Amortization of intangible assets -3 -4 -5 -5 -16 -6 -5 -11
Adjustment items -2 -2 -17 -15 -36 -10 -18 -28
Operating profit 78 88 80 79 325 59 87 145
% of sales 11.5 12.0 10.5 9.9 10.9 8.4 11.5 10.0

Further information, please contact:

Juha Rouhiainen, VP, Investor Relations, Metso Outotec Corporation, tel. +358 20 4843253, email: juha.rouhiainen@mogroup.com

Metso Outotec Corporation

Distribution:

Nasdaq Helsinki Ltd

Main media

www.mogroup.com

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

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