FY15 guidance is updated to the lower end of the range. Orders were down 13% yoy to €823m but like-for like (ex. PAS) was only -1% thanks to some large mining Equipment orders, sales decreased sharply by -21% yoy to €756m primarily due to lower mining Equipment sales. Demand for customers’ capex projects remained soft during the quarter but demand for services was stable. Metso reported that equipment pricing was under pressure despite the order increase to around €140m i
23 Jul 2015
Guidance revised slightly down amidst difficult markets
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Guidance revised slightly down amidst difficult markets
Metso Corporation (METSO:HEL) | 0 0 -0.1% | Mkt Cap: 1,447m
- Published:
23 Jul 2015 -
Author:
Lionel Pellicer -
Pages:
2
FY15 guidance is updated to the lower end of the range. Orders were down 13% yoy to €823m but like-for like (ex. PAS) was only -1% thanks to some large mining Equipment orders, sales decreased sharply by -21% yoy to €756m primarily due to lower mining Equipment sales. Demand for customers’ capex projects remained soft during the quarter but demand for services was stable. Metso reported that equipment pricing was under pressure despite the order increase to around €140m i