Metso (METSO) Q1 2025 earnings summary

Executive summary

• Orders received grew 4% year-over-year to EUR 1,413 million, with Aggregates up 10% and Minerals up 2%, supported by US acquisitions and strong activity in small/mid-sized equipment and services.

• Sales declined 4% year-over-year to EUR 1,173 million, mainly due to timing of deliveries and lower order backlog in Aggregates.

• Adjusted EBITDA/EBITA margin held steady at 16.5% year-over-year, reflecting strong cost management.

• Cash flow from operations increased 25% year-over-year to EUR 196 million, driven by inventory normalization.

• Market activity aligned with expectations and is expected to remain stable in both segments.

Financial highlights

• Orders received: EUR 1,413 million (+4% year-over-year); sales: EUR 1,173 million (-4% year-over-year).

• Adjusted EBITDA/EBITA: EUR 193 million (16.5% margin), down 3% year-over-year; operating profit: EUR 170 million (14.5% margin).

• Earnings per share from continuing operations: EUR 0.14, down from EUR 0.15 last year.

• Net profit from continuing operations: EUR 114 million, compared to EUR 124 million last year.

• Cash flow from operations: EUR 196 million (+25% year-over-year).

Outlook and guidance

• Market activity in both Minerals and Aggregates expected to remain at current levels for the next six months.

• Management continues to monitor tariff-related risks, which could introduce volatility and delay investments.

• Inventory normalization program to be finalized by end of Q2, with further ERP implementation and strategy updates planned.