Finnish industrial giant Valmet reported lower-than-expected revenue in the fourth quarter, but its operating profit surpassed analyst forecasts. The board is proposing an unchanged regular dividend.
Revenue declined by 3.3 percent to €1,477 million (€1,528). The result can be compared with Vara Research's analyst consensus, which was set at €1,535.
Ebita amounted to €191 million (€173), above the expected €186.4 million, with an ebita margin of 12.9 percent (11.3).
Adjusted ebita reached €196 million (€192), expected €190 million, with an adjusted ebita margin of 13.3 percent (12.6).
Operating profit was €167 million (€150), compared to the expected €162.1 million. The operating margin was 11.3 percent (9.8).
Profit before tax was €149 million (€134), with analyst consensus at €148.9 million.
Net profit was €105 million (€98).
Earnings per share were €0.57 (€0.53). Adjusted earnings per share were €0.64 (€0.60).
Order intake landed at €1,281 million (€2,463), which is 3.6 percent higher than analyst consensus.
The proposed regular dividend is €1.35 per share (€1.35). The expected figure was €1.38.
Valmet anticipates that net sales in 2026 will be on par with 2025 at approximately €5,200 million. Comparable ebita is expected to remain unchanged or increase compared to 2025, when it amounted to about €620 million.
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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