Metso Outotec restructure ‘almost complete’

Steve Ducker Desk Editor, Off Highway Research

16 February 2021

Finland’s aggregates and mining specialist Metso Outotec has announced its first full-year financial results statement since the merger of the two companies was completed in the summer of 2020, saying it expects business to improve subject to the development of the Covid-19 pandemic.

The figures, covering the period from 1 January to 31 December, use both IFRS and illustrative combined information and take the divestment of the Metso Outotec recycling business in October 2020 into account.

In the fourth quarter of 2020, Metso Outotec reported sales of €977 million (US$1,183 million) compared to…

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