Metso (METSO) Investor presentation summary

Strategic direction and market positioning

• Focus on sustainable technologies and end-to-end solutions for aggregates, minerals processing, and metals refining, with a strong emphasis on energy and water efficiency, productivity, and environmental risk reduction.

• Strategy centers on growth, profitability, and customer-centricity, aiming for #1 positions in core and high-margin aftermarket-intensive solutions.

• Industry trends such as deglobalization, sustainability transformation, digitalization, and resource scarcity are shaping customer needs and driving innovation.

• Multi-brand approach and regional investments enhance local supply chains and customer proximity.

• Strong company culture, diversity, and leadership underpin growth and innovation.

Financial performance and targets

• Orders received in Q2 2026 reached EUR 1,462 million (+18% YoY), with sales at EUR 1,334 million (+6% YoY) and adjusted EBITA margin at 16.6%.

• Minerals segment drove growth, with equipment orders up 50% and aftermarket orders up 13%; backlog increased 13% to EUR 3.7bn.

• Cash conversion remained strong at 98%, and net debt/EBITDA was 1.3, below the target ceiling of 1.5.

• Revised 2028 financial targets: annual sales growth (CAGR) >7%, adjusted EBITA margin >18%, and dividend payout of at least 50%.

• Continued investment in R&D (EUR 122 million in 2025) and service capacity to support future growth.

Segment highlights and operational excellence

• Aggregates: stable demand, improved profitability, and strong position in aftermarket and recycling; adjusted EBITA margin at 16.3%.

• Minerals: robust equipment demand, aftermarket growth, and higher margin (18.3%); copper accounts for 41% of minerals sales.

• Aftermarket growth accelerated by digital services, multi-brand synergies, and expanded regional operations.

• R&D focused on electrification, digitalization, recycling, and super materials, supporting technology leadership.

• Global service network with 3,500 experts and over 500 life cycle service contracts.