Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Jul 24, 2026
AI Summary
Q2 2026

Strong quarter: Metso said Q2 was a strong quarter, with orders, sales, profitability, and cash generation all improving year over year.

Minerals led: The strongest momentum came from Minerals, where customer activity stayed healthy across both equipment and aftermarket, and order growth was broad-based rather than tied to one big project.

Margins up: Adjusted EBITA rose to EUR 221 million and the margin improved to 16.6%, helped by higher volumes, better mix, and stronger aftermarket share.

Cash solid: Operating cash flow improved to EUR 206 million, and rolling 12-month cash flow from operations reached EUR 915 million, equal to a 98% cash conversion rate.

Outlook unchanged: Management left its market outlook unchanged, expecting Minerals and aggregates activity to stay at the current level over the next 6 months.

Aftermarket strength: Aftermarket remained a major driver, especially in Minerals, where management said pricing, strategy execution, and customer demand were all supporting growth.

Key Financials
Orders
EUR 1.462 billion
Sales
EUR 1.306 billion
Adjusted EBITA
EUR 221 million
Adjusted EBITA margin
16.6%
Operating cash flow
EUR 206 million
Cash flow from operations
EUR 915 million
Order backlog
EUR 3.7 billion
Book-to-bill
1.1
Aftermarket share of group sales
57%
EPS from continuing operations
EUR 0.15
Operating profit
EUR 185 million
Operating margin
13.9%
Net debt to EBITDA
1.3x
Cash and cash equivalents
EUR 383 million
Revolving credit facility
EUR 700 million
Aggregates orders
EUR 333 million
Aggregates adjusted EBITA
EUR 56 million
Aggregates adjusted EBITA margin
16.3%
Minerals orders
EUR 1.129 billion
Minerals sales
EUR 992 million
Minerals adjusted EBITA
EUR 182 million
Minerals adjusted EBITA margin
18.3%
Minerals equipment orders
up 50%
Minerals aftermarket orders
up 13%
Minerals aftermarket sales
up 14%
Earnings Call Recording

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