Positive third quarter for Metso Outotec

By Steve Ducker04 November 2021

Metso Outotec president and CEO Pekka Vauramo says the integration of the companies is following their 2020 merger processing “ahead of plan” after the announcement of its third quarter financial results.

Orders received for the quarter more than doubled to €1.649 billion (US$1.9 billion) year-on-year, with a 7% increase in sales and profit up to 107 million ($123 million) from €51 million ($59 million) in 2020.

Pekka Vauramo Metso president and CEO Metso Outotec president and CEO Pekka Vauramo

For the nine months to the end of September, sales totalled €2.958 billion ($3.4 billion), €38 million ($44 million) up on last year, while the operating profit of €295 million ($340 million) was up by €86 million ($99 million).

“Market activity continued to be strong across our businesses during the third quarter, resulting in a record high order intake,” said Pekka Vauramo.

“Our quarterly result was good, and all our segments were able to improve their profitability.

“The Metso Outotec integration continued to proceed ahead of plan. As of the end of September, we had achieved a run rate of €116 million in cost synergies, and we are confident that the target of €120 million will be delivered by year-end,

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Demolition & Recycling International Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Construction’s first universal standard for reporting emissions
International coalition establishes new method of accounting for carbon emissions 
Business leaders’ recognition for waste company MD
UK’s Institute of Directors honours Jacqueline O’Donovan at annual awards event
French company creates single demolition and recycling brand
Eiffage launches Demcy, which also includes asbestos removal and dismantling operations
CONNECT WITH THE TEAM
Steve Ducker Editor, Demolition & Recycling International Tel: +44(0) 1892 786 210 E-mail: steve.ducker@khl.com
Bridget Leary Sales Manager Tel: +44 (0) 1892 786 220 E-mail: bridget.leary@khl.com
CONNECT WITH SOCIAL MEDIA