Finnish engineering giant Valmet reported first-quarter revenue ahead of expectations, though earnings came in weaker than anticipated. Full-year guidance remains unchanged.
Net sales rose 5.1 percent to 1,244 million euro (1,184), outperforming the Vara Research analyst consensus of 1,193 million euro.
Ebita amounted to 82 million euro (113), representing an ebita margin of 6.6 percent (9.5).
Comparable ebita reached 114 million euro (121), missing the expected 125 million euro, with a comparable ebita margin of 9.2 percent (10.2).
Net income for the period was 34 million euro (61).
Earnings per share stood at 0.19 euro (0.33), while adjusted earnings per share were 0.29 euro (0.41).
Order intake landed at 1,092 million euro (1,332).
The industrial group reiterated its outlook for the full year 2026. Net sales are expected to remain in line with 2025, when they totaled 5,197 million euro. Comparable ebita is projected to be stable or increase compared to the previous year's 620 million euro.
Valmet Oyj is an industrial group organized around 5 areas of activity:
- services (35.5% of net sales): pulps, papers and textile fibers production equipment and bioenergy power plant care and maintenance services, machine automation and production process performance improvement services. The group also provides spare parts;
- sale of paper production machines and equipment (21.5%);
- sale of energy and pulp production equipment (16.2%);
- sale of flow control solutions for the process industries (14.8%);
- sales of factory automation systems (12%): monitoring and control systems, measuring systems, vision systems, production processes performance boosting solutions etc., dedicated primarily to the pulp and paper and power generation industries.
Net sales are distributed geographically as follows: Europe/Middle East/Africa (37.9%), China (13.5%), Asia/Pacific (12.5%), North America (27.2%) and South America (8.9%).
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