Metso Reports Progress in Growth and Profitability in First Quarter
Tuesday, May 3, 2011
Metso new orders worth EUR 1,847 million were received in
January–March, i.e. 35 percent more than in the comparison period (EUR 1,366
million). Orders received from the services business accounted for 48 percent
of the total and were EUR 848 million (48% and EUR 648 million).
Net sales increased
23 percent on the comparison period, and were EUR 1,444 million (EUR 1,170
million). The share to total net sales for our services business was 47 percent,
i.e. EUR 641 million (44% i.e. EUR 512 million).
Demand for automation products was good as the oil, gas and
petrochemical industries increased their investments due to the improvement in
oil and gas product prices and demand. Demand for automation solutions by the
pulp and paper industry developed favorably and was good, too. More…