President and CEO Pasi Laine: Orders received and Comparable EBITA
increased in the third quarter
"Valmet’s orders received increased to EUR 1.2 billion in the third quarter of 2022. Orders
received increased in the Automation and Services segments, and decreased in the Process
Technologies segment. Our order backlog amounted to EUR 4,672 million, which is EUR 576
million higher than at the end of 2021.
Net sales increased in all three segments and amounted to EUR 1,288 million. Comparable
EBITA increased as well, but Comparable EBITA margin decreased. Comparable EBITA
increased in Automation and Services, and decreased in Process Technologies. Cost inflation
continued to impact Valmet’s margins during the quarter. Valmet’s goal is to offset the cost
inflation through increased productivity, procurement savings and price increases.
The integration of Flow Control is proceeding well. Even though the merger was completed
only six months ago, Flow Control is already a strong part of Valmet. Orders received of Flow
Control have developed well. Valmet has today a stronger stable business and a unique,
competitive and balanced offering for process industries. With this wide offering we can serve
our customers even better than before."