Metso (METSO) Q4 2024 earnings summary

Executive summary

• Orders received in Q4 2024 rose 13% year-over-year to EUR 1,391 million, driven by strong Minerals equipment demand, while sales declined 5% to EUR 1,272 million.

• Adjusted EBITDA/EBITA margin for Q4 was 16%, with strong cash flow from operations up 32% year-over-year.

• Full-year operating profit margin reached 15%, with adjusted EBITA margin stable at 16.5% despite non-recurring costs.

• Board proposes increasing the dividend to EUR 0.38 per share, totaling EUR 314 million, paid in two installments.

• Cash flow from operations improved to EUR 576 million for the year, supported by profitability and reduced net working capital.

Financial highlights

• Q4 Adjusted EBITDA/EBITA was EUR 203 million, down 10% year-over-year; operating profit was EUR 167 million.

• Earnings per share from continuing operations in Q4 was EUR 0.13; full-year EPS was EUR 0.59.

• Cash flow from operations in Q4 was EUR 286 million, contributing to full-year cash flow of EUR 576 million.

• Net debt at year-end was EUR 1,173 million; gearing at 44.9%.

• Full-year 2024 sales were EUR 4,863 million, with adjusted EBITA margin stable at 16.5%.

Outlook and guidance

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

• Management aims to maximize share of potential in gold and copper projects, improve safety, normalize inventory, and ensure a smooth CFO transition.

• Strategy process underway, with updates expected at Capital Markets Day in October 2025.