MOCORP Metso Outotec Oyj

S&P Global Ratings revised Metso Outotec outlook from stable to negative but affirmed the preliminary 'BBB-' rating

S&P Global Ratings revised Metso Outotec outlook from stable to negative but affirmed the preliminary 'BBB-' rating

OUTOTEC OYJ   STOCK EXCHANGE RELEASE   MARCH 25, 2020 at 8:45 PM

S&P Global Ratings revised Metso Outotec outlook from stable to negative but affirmed the preliminary 'BBB-' rating



S&P Global Ratings affirmed the preliminary 'BBB-' rating for Metso Outotec but revised its outlook from stable to negative.

The planned transaction in brief

On July 4, 2019, Outotec announced that its Board of Directors has approved a plan to combine Metso Minerals Business and Outotec to create Metso Outotec. The transaction will be executed through a partial demerger of Metso in which all assets and liabilities of Metso that relate to, or primarily serve, the Metso Minerals Business will transfer without liquidation of Metso to Outotec. Currently, the combination is expected to take place June 30, 2020.

For further information please contact:

OUTOTEC

Jari Ålgars, CFO

Tel.  211



e-mail

DISTRIBUTION:

NASDAQ Helsinki

Main media





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25/03/2020

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Reports on Metso Outotec Oyj

Tomi Railo
  • Tomi Railo

Metso (Buy, TP: EUR13.00) - Possible optimism in the air

We have raised our 2024–2026e clean EPS by c2% on average ahead of Q1 results, where we will focus on orders, profitability and the outlook. We reiterate our BUY, and have raised our target price to EUR13 (12.5), continuing to view Metso’s end-market exposure, profit expansion potential and valuation as attractive.

Delphine Brault ... (+2)
  • Delphine Brault
  • Quentin Borie

ODDO : Favour Metso while waiting for the next cycle

We are initiating coverage of the mining equipment segment with Metso on Outperform, Sandvik on Neutral and Epiroc on Underperform. We have adopted a cautious scenario with demand stable or slightly up in the short term (mining business sales up +3% on average between 2024 and 2026), pending positive signals indicating a rebound in greenfield investments (not before 2027, in our view). In this scenario, we think that Metso should confirm the progress achieved in 2023 (margin impr...

Delphine Brault ... (+2)
  • Delphine Brault
  • Quentin Borie

ODDO : Privilégier Metso dans l’attente du prochain cycle

Nous initions le segment des équipementiers miniers avec Metso à Surperformance, Sandvik à Neutre et Epiroc à Sous-performance. Nous adoptons un scénario prudent avec une demande stable ou en légère hausse à court terme (CA des activités minières en hausse moyenne de 3% entre 2024 et 2026), dans l’attente de signaux positifs indiquant un rebond des investissements greenfield (pas avant 2027 selon nous). Dans ce scénario, nous estimons que Metso devrait confirmer les progrès réali...

Tomi Railo
  • Tomi Railo

Metso (Buy, TP: EUR12.50) - Regaining traction

Q4 order and earnings beats were supported by Services, while a solid proposed DPS and raised Aggregates outlook offered relief, in our view. Although our 2024–2025e clean EBITA are unchanged, we have raised our target price to EUR12.5 (11.5). We reiterate our BUY.

MarketLine Department
  • MarketLine Department

Outokumpu Oyj - Mergers & Acquisitions (M&A), Partnerships & Alliances

Summary Marketline's Outokumpu Oyj Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Outokumpu Oyj - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports...

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