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Metso Releases 2010 Financial Results

Tuesday, February 8, 2011  
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Metso’s President and CEO Jorma Eloranta expresses his satisfaction with the company's achievements last year. "We made good progress on many fronts: we saw clear recovery in our orders, we maintained strong cash flow throughout the year in spite of growing business volumes and all of our profitability indicators improved, too.

"We estimate that demand for our automation products will continue to be good in 2011, as the oil, gas and petrochemical industries increase their investments due to the improvement in energy prices and demand. Demand for automation products in the pulp and paper industry is also expected to develop favorably. Demand for our services business for automation solutions is expected to be good.” More…

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