Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Metso Outotec expects its sales to improve in Q2 2021, as the distribution of vaccines worldwide may reduce the overall ill-effects of COVID-19 on businesses. Metso’s focus will be on completing the integration between Metso and Outotec after the two entities de-merged in 2020, and to focus on opportunities to recover sales by the end of this year. 


The Finland-based firm’s sales in the first quarter of the year dropped by 2pc to €925mn ($1.1bn) compared to €947mn in Q1 2020. However, its order intakes increased by 2pc to €1.1bn in Q1 2021 from €1bn in the same quarter last year. 


The company’s operating profit in the first three months of the year grew by 33pc to €91mn from €68mn in Q1 2020, while its adjusted EBITDA saw a 20pc rise to €115mn compared to €95mn in the three-month period in 2020. 


$1 = €0.83

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