Valmet's Financial Statements Review January 1 - December 31, 2024: Orders received increased, but Net sales and Comparable EBITA remained steady in 2024
Comunicato Precedente
Comunicato Successivo
October–December 2024: Orders received increased to a new record of close to EUR 2.5 billion
January–December 2024: Orders received increased to EUR 5.8 billion
Dividend proposal
The Board of Directors proposes to the Annual General Meeting, which is planned to be held on March 26, 2025, a dividend of EUR 1.35 per share for 2024. The proposed dividend equals 89 percent of the net result and it would be paid in two installments.
Guidance for 2025
Valmet estimates that net sales in 2025 will remain at the previous year's level in comparison with 2024 (EUR 5,359 million) and Comparable EBITA in 2025 will remain at the previous year's level in comparison with 2024 (EUR 609 million).
Short-term market outlook
The short-term market outlook is given for January–June 2025 compared with October–December 2024. It is Valmet's estimate of the customer activity and should not be interpreted as guidance for Valmet's orders received.
Process Technologies
Valmet estimates that the customer activity will remain stable. It is typical that customers' large investment decisions can have a major impact on the market activity.
Services
Valmet estimates that the customer activity is gradually improving, but the capacity utilization rates and profitability levels of customers cause uncertainty to the short-term market outlook.
Automation
Valmet estimates that the customer activity will remain stable.
President and CEO Thomas Hinnerskov: Navigating challenges and celebrating successes in 2024
"The year 2024 was marked by multiple achievements and key events for Valmet. The main highlights were the successful launch of Valmet DNAe, our next-generation industrial automation system, and the landmark order to supply the world's largest single-phase pulp mill project, valued at over a billion euros, to Arauco in Brazil. In terms of financial results, we were pleased to see Valmet's orders received increase to a new record with a mix of roughly 60 percent stable business and 40 percent capital business. A strong order backlog of close to EUR 4.5 billion gives us a solid starting point going into 2025.
Despite the increase in orders received, Valmet's net sales and Comparable EBITA did not grow in 2024 and we saw a clear decrease both in revenues and profitability in the Process Technologies segment. Going forward, we need to make sure we have an efficient operation that will perform also in the challenging market.
Looking at the fourth quarter, the big order from Arauco meant that we set a record for quarterly order intake for Valmet. I was pleased to see orders growing strongly in all our three segments. When looking at Comparable EBITA, I would like to highlight the strong performance of Services, which ensured a strong finish for the year for Valmet.
Towards the end of the year, we have initiated work to renew our strategy with the aim of defining our future growth areas, accelerating growth, and simplifying our ways of working. I'm excited about this and believe the changes we are planning will enable us to be faster and more focused as an organization. Our legacy, spanning more than 225 years, provides a solid foundation for the next chapter in our story."
Key figures1
1 The calculation of key figures is presented on section 'Formulas for calculation of indicators'.
2 At end of period.
Segment key figures
News conference and webcast for analysts, investors and media
Valmet will arrange a news conference in English as a live webcast at https://valmet.videosync.fi/q4-2024 on Thursday, February 13, 2025, at 11:00 a.m. Finnish time (EET). President and CEO Thomas Hinnerskov and CFO Katri Hokkanen will be presenting the results.
Recording of the webcast will be available shortly after the event on website.
It is possible to take part in the news conference through a conference call by registering through the link below:
https://player.videosync.fi/valmet/q4-2024/dial-in
After the registration you will be provided phone numbers and a conference ID to access the conference. If you wish to ask a question during the conference, please dial *5 to enter the question queue.
The event is held in English.
The event can also be followed on social media platform X at www.x.com/valmetir.
Further information, please contact:
Pekka Rouhiainen, VP, Investor Relations, Valmet, tel. +358 10 672 0020
VALMET
Katri Hokkanen
CFO
Pekka Rouhiainen
VP, Investor Relations
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.valmet.com
Valmet has a global customer base across various process industries. We are a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, and with our automation and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward – every day.
The company has more than 225 years of industrial history and a strong track record in continuous improvement, sustainability and renewal. Valmet's net sales in 2024 were approximately EUR 5.4 billion.
Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.
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