Metso’s net sales increased 25 per cent in the comparison period, and were EUR 1,687 million, whereas new orders worth EUR 1,498 million were received in October–December, ie, 10 per cent more than in the comparison period. Operating profit (EBIT) was EUR 132.2 million, ie, 7.8 per cent of net sales (EUR 55.0 million and 4.1per cent in Q4 of 2009). Commenting on the achievement Jorma Eloranta, President and CEO, Metso said, “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. I am especially pleased with our services business which grew strongly and represented 45 per cent of our business. Likewise, we saw the benefits of our strong presence in emerging markets with one half of our net sales coming from those growth areas.”
“Based on the development last year and assuming that the gradual recovery of the global economy will continue, we estimate that Metso’s net sales in 2011 will grow over 10 per cent compared to 2010 and EBITA before non-recurring items will improve,” Eloranta said.