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, www.metso.com/twitter/
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