Metso Corporation's Interim Review January 1 - September 30, 2011

Metso Corporation's stock exchange release on October 27, 2011 at 12:00 a.m.
local time

Metso will hold two news conferences in Helsinki today, on Thursday, October
27, 2011. The press conference for media in Finnish will be arranged at 1:30
p.m. - 2:15 p.m. Finnish time. The news conference with live webcast and
conference call for investors and analysts in English will be arranged at 03:00
p.m. Finnish time. Both events will take place at Metso Group Head Office,
Fabianinkatu 9 A, Helsinki, Finland (details at the end of this release).

This is a summary of Metso's January - September 2011 Interim Review and the
complete report is attached as a pdf-file to this release and is also available
on our website at www.metso.com/investors.

Figures in brackets, unless otherwise stated, refer to the comparison period,
i.e. the same period in the previous year.

Highlights of the third quarter of 2011

  * Strong performance continued in all our businesses and all financial key
    measurements improved.
  * New orders worth EUR 1,918 million were received in July-September, i.e. 36
    percent more than in the comparison period (EUR 1,409 million). Orders
    received by the services business increased and were EUR 717 million, i.e.
    39 percent of all orders received (EUR 672 million and 48%).
  * Net sales increased 18 percent on the comparison period, and were EUR 1,561
    million (EUR 1,325 million). Our services business net sales totaled EUR
    711 million and accounted for 48 percent of total net sales (EUR 615 million
    and 47%).
  * Earnings before interest, tax and amortization (EBITA), before non-recurring
    items increased 27 percent and were EUR 163.0 million, i.e. 10.4 percent of
    net sales (EUR 128.6 million and 9.7%).
  * Earnings per share were EUR 0.63 (EUR 0.45).
  * Free cash flow was EUR 213 million (EUR 122 million).

Metso's President and CEO Matti Kähkönen comments on the third quarter:

All of our reporting segments received a higher number of new orders for
equipment and services than in the comparison period, and the share of net sales
for our services business was greater than ever before. The global economic
turmoil was not evident in the operations of our customer industries in the
third quarter; rather the general demand continued to be positive in both
emerging and developed markets. Nevertheless, we are carefully monitoring the
development of our market environment.

Our net sales grew organically 18 percent in July-September on the comparison
period, and our profitability was solid thanks to the high delivery volumes and
our good capacity utilization rates. Despite the high volume of deliveries, our
net working capital was kept well under control. We can also be pleased with our
good cash flow for the quarter. In addition, our earnings per share increased
40 percent from the comparison period and were EUR 0.63.

We keep our guidance for this year unchanged and estimate that our net sales in
2011 will grow by around 15 percent and that our profitability (EBITA margin
before non-recurring items) will improve compared to 2010. Assuming that the
growth in the global economy will not be disturbed and the development in our
customer industries remains at current levels, we are confident that our record-
high order backlog, which contains approximately EUR 2.8 billion in orders for
delivery in 2012 and our strong balance sheet give us a solid starting point for
the year ahead.

Metso's key figures

EUR million         Q3/   Q3/2010 Change % Q1-Q3/2011 Q1-Q3/ 2010 Change % 2010
                    2011

Net sales           1,561 1,325   18       4,572      3,865       18       5,552

Net sales of        711   615     16       2,042      1,738       17       2,453
services business

   % of net sales   48    47               47         46                   45

Earnings before
interest, tax and
amortization
(EBITA) and non-    163.0 128.6   27       426.4      341.2       25       491.0
recurring items

   % of net sales   10.4  9.7              9.3        8.8                  8.8

Operating profit    149.4 103.5   44       383.3      313.0       22       445.2

   % of net sales   9.6   7.8              8.4        8.1                  8.0

Earnings per share, 0.63  0.45    40       1.57       1.21        30       1.71
EUR

Orders received     1,918 1,409   36       6,648      4,446       50       5,944

Orders received of  717   672     7        2,431      2,000       22       2,637
services business

Order backlog at                           5,926      4,144       43       4,023
end of period

Free cash flow      213   122     75       330        321         3        435

Return on capital
employed (ROCE)                            16.6        13.0                13.5
before taxes,
annualized, %

Equity to assets
ratio at end of                            38.4       37.2                 38.1
period, %

Gearing at end of                          13.8       21.3                 15.0
period, %


Short-term outlook

During July-September, the demand was healthy in most of our customer industries
with certain variability by customer industry and geographic area. We estimate
that in the emerging markets the operating environment continues to be good. The
uncertainty in the euro zone, the budget deficit in the United States, the
availability of financing and fluctuations in the exchange rates may, however,
slow down market activity during the rest of 2011 and in the early part of
2012. We anticipate that even in a case of a slowdown in western economies, most
of our customer industries will continue to utilize their capacity at a good or
satisfactory level supporting our services business.

Metal prices have come down from the peak levels of the early part of the year,
but remain still relatively high. The activity level for quotations for
equipment and projects from mining companies has been excellent. We expect the
mining market to be at a good level for the rest of the year and in the early
part of 2012. However, a potential further tightening of availability of
financing and a continued decline in metal prices may have a negative impact on
the demand for new equipment. Due to the expected high utilization rates of
mines and our large installed equipment base, we expect demand for our mining
services to continue excellent.

In the Asia-Pacific region and Brazil, economic growth continues and
infrastructure construction projects are maintaining demand for construction
equipment at a good level. We anticipate that demand for equipment used in
aggregates processing by the construction industry in Europe and in North
America will stay at the current relatively low level going forward. We estimate
that demand for our services for the construction industry will remain
satisfactory.

Demand for power plants that utilize renewable energy sources is expected to
continue satisfactory in 2011 and in the early part of 2012. There is continuous
need to replace old energy sources and build new capacity. Several European
countries and the United States have published targets to increase the use of
renewable energy and this is expected to support demand for our power plant
solutions fuelled by biomass and recycled waste. However, the pending policies
over subsidy mechanisms for renewable energy are estimated to have a key impact
on investment decisions. Demand for the power plant services business is
expected to be good.

We estimate that demand for our automation products will continue to be good
this year and early next year, while we anticipate the activity from the pulp
and paper industry to somewhat slow down.  We expect the demand for our
automation solution services to continue excellent.

Demand for paper, board and tissue lines is expected to be satisfactory in 2011
and in the early part of 2012. Capacity utilization rates in the paper and board
industry may fall somewhat, yet keep the demand for our services at a good
level.

We expect the market for pulp mills to slow down after recent large project
orders. The demand for rebuilds and services is expected to continue good even
though lower pulp prices and lower capacity utilization rates may stabilize the
demand.

We expect the demand for metal and solid waste recycling equipment to be
satisfactory. Demand for recycling equipment services is expected to stabilize
as the production utilization rates in the steel industry have started to slow
down.

As earlier, we estimate that our net sales in 2011 will grow by around 15
percent and that our profitability (EBITA margin before non-recurring items)
will improve compared to 2010. Our estimate is based on Metso's development in
January-September and on our order backlog, which contains orders worth about
EUR 1.8 billion for delivery in 2011.

Assuming that the growth in the global economy will not be disturbed and the
development in our customer industries remains at current levels, we are
confident that our record-high order backlog, which contains approximately EUR
2.8 billion in orders for delivery in 2012, and our strong balance sheet give us
a solid starting point for the year ahead.

The estimates for our financial performance in 2011 and 2012 are based on
Metso's current market outlook and business scope as well as on foreign exchange
rates similar to those of September 2011.

Helsinki, October 27, 2011

Metso Corporation's Board of Directors

Metso is a global supplier of sustainable technology and services for mining,
construction, power generation, automation, recycling and the pulp and paper
industries. We have about 29,000 employees in more than 50 countries.
www.metso.com

Further information, please contact:

Matti Kähkönen, President and CEO, Metso Corporation, tel. +358 20 484 3000

Harri Nikunen, CFO, Metso Corporation, tel. +358 20 484 3010

Juha Rouhiainen, VP, Investor Relations, Metso Corporation, tel.
+358 20 484 3253


Invitation to news conferences

Metso will hold two news conferences in Helsinki on Thursday, October 27, 2011

  * The press conference for media in Finnish will be arranged at 1:30 p.m. -
    2:15 p.m. Finnish time
  * The news conference with live webcast and conference call for investors and
    analysts in English will be arranged at the following local times:

      * 03:00 p.m. EEST (Helsinki)
      * 01:00 p.m. BST (London)
      * 02:00 p.m. CEST (Paris)
      * 08:00 a.m. EDT (New York)

Both events will take place at Metso Group Head Office, Fabianinkatu 9 A,
Helsinki, Finland.

The news conference in English can also be followed through a live webcast at
www.metso.com/investors or through a simultaneously arranged conference call.
Due the live webcast, we are kindly asking those attending the news conference
starting at 3:00 p.m. EEST, to be present 5 minutes prior the start of the
event.

Conference call details

Conference call participants are requested to dial in a few minutes prior to the
start of the teleconference

  * US: +1 334 323 6201
  * other countries: +44 20 7162 0025 or
  * +44 20 7162 0077.
  * access code: 885200

A replay will be available for 14 days until November 10, 2011 on the following
phone numbers:

  * US: +1 954 334 0342
  * other countries: +44 20 7031 4064
  * access code 885200

After the news conference there will be an audio file (mp3) available for
downloading and at the latest on Friday, October 28, a transcript of the event
at www.metso.com/investors. The presentation material will be available after
the publishing of the Interim Review at www.metso.com/Investors.

You are most welcome to participate in these events.


It should be noted that certain statements herein which are not historical
facts, including, without limitation, those regarding expectations for general
economic development and the market situation, expectations for customer
industry profitability and investment willingness, expectations for company
growth, development and profitability and the realization of synergy benefits
and cost savings, and statements preceded by "expects", "estimates", "forecasts"
or similar expressions, are forward-looking statements. These statements are
based on current decisions and plans and currently known factors. They involve
risks and uncertainties which may cause the actual results to materially differ
from the results currently expected by the company.

Such factors include, but are not limited to:

1) general economic conditions, including fluctuations in exchange rates and
interest levels, which influence the operating environment and profitability of
customers and thereby the orders received by the company and their margins

(2) the competitive situation, especially significant technological solutions
developed by competitors

(3) the company's own operating conditions, such as the success of production,
product development and project management and their continuous development and
improvement

(4) the success of pending and future acquisitions and restructuring.


Metso Corporation

Harri Nikunen

CFO

Juha Rouhiainen

VP, Investor Relations


Distribution:

NASDAQ OMX Helsinki Ltd

Media

www.metso.com