HELSINKI, Finland, Sept. 29, 2015 (GLOBE NEWSWIRE) -- Metso is holding its Capital Markets Day in London today, September 29, 2015. Various topics will be discussed at the event, such as the Group's strategy and its implementation, financial performance and financial targets, as well as growth prospects and development initiatives of Metso's three business areas.
In his opening presentation, Metso's President and CEO Matti Kähkönen will highlight Metso's strong foundation, where its strategy is based on. This foundation and Metso's strong global positions in its core businesses will be leveraged to grow the company and improve its profitability. After the opening, Presidents of Metso's three business areas, Minerals, Services, and Flow Control, will share their insight on the market development and discuss their plans to contribute to the implementation of Metso's strategy.
President and CEO Matti Kähkönen will also repeat Metso's unchanged financial targets: to grow faster than the market, to reach at least 15% EBITA margin by 2017, and to reach at least 30% return on capital employed before taxes. Kähkönen will add that in the light of current market conditions, however, reaching the 15% EBITA margin target on time has become more difficult.
In addition, Kähkönen reconfirms Metso's financial guidance for 2015 (published on July 23, 2015), which is excluding the divested Process Automation Systems business: Metso's net sales in 2015 is estimated to be between EUR 3,000 million and EUR 3,200 million and its EBITA margin before non-recurring items is estimated to be around 12.5 percent of net sales (12.0-13.0%).
Metso's Capital Markets Day will begin in London at 1:00 pm local time. The presentation materials will be available at Metso's web site (www.metso.com/cmd) when the event begins. A direct webcast will be available via Metso's web site. Recordings of the presentations will be posted on the site after the event.
Metso is the world's leading industrial company in the mining and aggregates industries and in the flow control business. Our knowledge, people and solutions help drive sustainable improvements in performance and profitability in our customers' businesses.
Metso has an uncompromising attitude towards safety. Our products range from mining and construction equipment and systems to industrial valves and controls. Our solutions are delivered and supported by decades of process knowledge and a broad scope of services backed by a global footprint of over 90 service centers, thousands of service employees, and an extensive logistics network.
Metso is listed on the NASDAQ OMX Helsinki, Finland. In 2014, Metso's net sales totaled EUR 3.7 billion. Metso employs approximately 14,000 industry experts in more than 50 countries. Expect results.
VP, Investor Relations
NASDAQ OMX Helsinki Ltd