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Last updateThu, 24 Apr 2014 2pm

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Valve Manufacturing

Metso Reports First Quarter 2013 Financial Results

Net sales in Metso’s Automation segment were comparable to those seen in the first quarter of 2012 and totaled 184 million euros. Net sales in the Flow Control business decreased 5 percent, while those in the Process Automation Systems business increased 10 percent year-on-year. Net sales in the services business were similar to those seen in the first quarter of 2012 and accounted for 45 percent of the segment’s net sales.

Automation’s EBITA before non-recurring items improved 44 percent year-on-year, to 16 million euros, i.e. 8.8 percent of net sales. The Flow Control and services businesses had a positive impact thanks to improved gross margins, while Process Automation Systems was largely unchanged year-on-year.

Automation’s operating profit (EBIT) was 15 million euros, i.e. 8.1 percent of net sales.

The segment’s return on operative capital employed (ROCE) was 19.9 percent (15.0%).

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