Metso (METSO) Q3 2025 earnings summary

Executive summary

• Q3 2025 saw strong sales and order growth, with adjusted EBITDA/EBITA rebounding and robust cash generation; market activity was in line with expectations.

• A new growth-focused strategy, "We Go Beyond," was launched, targeting customer experience, sustainability, and financial excellence, with updated financial targets.

Financial highlights

• Orders received grew 2% year-over-year to EUR 1,264 million; sales rose 10% to EUR 1,328 million; adjusted EBITDA/EBITA reached EUR 222 million (16.7% margin).

• Operating profit was EUR 205 million (15.5% margin); EPS from continuing operations was EUR 0.17, up EUR 0.01 year-over-year.

• Operating cash flow was EUR 266 million for the quarter and EUR 609 million for the first nine months.

Outlook and guidance

• Market activity in both Minerals and Aggregates segments expected to remain at current levels.

• Tariff-related uncertainties and global economic risks could impact growth and customer activity, especially in aggregates.

• Annual sales growth target set at 7% CAGR, with an upgraded adjusted EBITDA/EBITA margin target of 18%.

• Dividend payout policy remains at least 50% of EPS.