Home / News / Valmet Q1 net sales decline 18% to €519mn

Valmet Q1 net sales decline 18% to €519mn

26 Apr '14

2 min read

Valmet has formed a separate legal group as of December 31, 2013. The financial information presented in this Interim Review is based on actual figures as an independent group after the consummation of the demerger and carve-out figures prior to the consummation of the demerger.

The carve-out financial information presented in this Interim Review reflects the performance and financial position of the entities that have historically formed the Pulp, Paper and Power segment within Metso Group. Figures in brackets, unless otherwise stated, refer to the comparison period, i.e. the same period of the previous year.

January-March 2014: Orders received more than doubled

-Orders received amounted to EUR 1,101 million (EUR 511 million).

-Orders received increased in Pulp and Energy, and Paper business lines.

-Net sales declined by 18 percent to EUR 519 million (EUR 631 million).

-Net sales declined in all the business lines, particularly in the capital business.

-Earnings before interest, taxes and amortization (EBITA) and non-recurring items were EUR 4 million (EUR 26 million), and the corresponding EBITA margin was 0.7 percent (4.1%).

-Profitability increased compared to the last quarter of 2013.

-Cost accrual of approximately EUR 10 million linked to an individual major pulp project had negative impact on the Q1/2014 result.

-Earnings per share were EUR -0.04 (EUR 0.08).

-Non-recurring items related to the profitability improvement program amounted to EUR -6 million (EUR 0 million).

-Cash flow provided by operating activities was EUR 43 million (EUR -5 million).

Valmet reiterates its guidance for 2014

Valmet is reiterating its guidance presented on February 6, 2014 in which Valmet estimates that net sales in 2014 will decline from the 2013 level and EBITA before non-recurring items will increase in comparison with 2013.

Click here to view full results.

Valmet