Financial information
In this section you can find Valmet's key financial information, such as quarterly and annual financials, financial targets, recent development in improving profitability, overview of financing facilities, financial risk management, investments and net working capital.
Quarterly and annual financials
Financial targets
Valmet's financial targets were updated on June 21, 2016, and the key actions by business and by area were introduced at Capital Markets Day 2016.
Revenue recognition
Profitability improvement
Valmet aims to improve profitability through quality costs, cost competitiveness and procurement among others.
Financing
Financing structure, financing facilities and interest-bearing debt.
Valmet currently has no credit ranking.
Financial risk management
Liquidity and refinancing risk management, capital structure management, interest rate risk, foreign exchange risk, commodity risk, credit and counterparty risk and fair value estimation.
Investments
Net working capital
Calculation of key figures
Valmet’s financial year is the calendar year. The Financials pages are updated when financial information is disclosed.
The financial statements are presented in euros, which is the Parent Company’s functional currency and Valmet’s presentation currency.
Valmet publishes its financial statements under International Financial Reporting Standards (IFRS). The interim reports are prepared in accordance with the principles of recognition and measurement laid down in the IFRS.
