Interim Review January-March 2021
Valmet’s Interim Review January 1 – March 31, 2021 Orders received increased to EUR 1.3 billion and Comparable EBITA to EUR 80 million in the first quarter Figures in brackets, unless otherwise stated, refer to the comparison period, i.e. the same period of the previous year. January–March 2021: Orders received and Comparable EBITA increased • Orders received increased 11 percent to EUR 1,312 million (EUR 1,187 million). – Orders received increased in the Pulp and Energy, Paper, and Automation business lines, and remained at the previous year's level in the Services business line. – Orders received increased in EMEA (Europe, Middle East and Africa), North America and China, and decreased in South America and Asia-Pacific. • Net sales remained at the previous year’s level and amounted to EUR 858 million (EUR 821 million). – Net sales increased in the Paper business line, remained at the previous year's level in the Services, and Pulp and Energy business lines, and decreased in the Automation business line. • Comparable earnings before interest, taxes and amortization (Comparable EBITA) were EUR 80 million (EUR 52 million), and the corresponding Comparable EBITA margin was 9.4 percent (6.3%). – Comparable EBITA increased due to higher net sales and lower operating expenses. • Earnings per share were EUR 0.38 (EUR 0.20). • Items affecting comparability amounted to EUR 8 million (EUR -1 million). • Cash flow provided by operating activities was EUR 148 million (EUR 173 million). Guidance for 2021 On April 16, 2021, Valmet revised upwards its net sales and Comparable EBITA guidance for 2021.
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