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."
|