Metso's Interim Review January 1 - September 30, 2014

Metso Corporation's stock exchange release on October 23, 2014 at 12:00 noon
local time

We will arrange an audiocast on Metso's January-September 2014 Interim Review at
15:00 EEST (8:00 EDT, 13:00 BST, 14:00 CEST). The audiocast is viewable at
www.metso.com/IRwebcasts. A simultaneous conference call is arranged which
allows participants to ask questions.  Details of the event can be found at the
end of this release.

This is a summary of Metso's January-September 2014 Interim Review. The complete
report is attached to this release as a pdf-file and is also available at
www.metso.com/investors.

Figures in brackets refer to the comparison period, i.e. the same period last
year and all figures relate to Metso's continuing operations, unless otherwise
stated.

Third quarter 2014 in brief

  * Metso launched its new strategy targeting focused growth and higher
    profitability
  * Market conditions remained largely unchanged compared to the previous
    quarter
  * Services business continued to develop well
  * Orders received: EUR 786 million (EUR 825 million), of which EUR 493 million
    (EUR 470 million) were services orders
  * Net sales: EUR 861 million (EUR 937 million), of which EUR 490 million
    services (EUR 495 million)
  * EBITA before non-recurring items: EUR 104 million or 12.1 percent of net
    sales (EUR 129 million, 13.7%). Non-recurring items totaled EUR -27 million
    (EUR 0 million), majority of which was related to the impairment loss of a
    long-term loan to Northland Resources.
Financial guidance for 2014
Our guidance for 2014 (originally published on February 6, 2014) remains
unchanged. We estimate that our net sales in 2014 will be somewhat below 2013
and that our EBITA margin before non-recurring items for 2014 will be around 12
percent of net sales.
This guidance is based on our current market outlook, the order backlog for
2014, and cost efficiency actions, as well as foreign exchange rates remaining
similar to those in September 2014.
President and CEO Matti Kähkönen:
"The most important highlight for us in the third quarter was the launch of
Metso's new strategy. Under this, we will continue our transformation into a
more focused and more integrated company with higher profitability. Metso is in
a good position to leverage its core competencies and assets to strengthen its
leadership in minerals processing, as well as gain ground in flow control. Going
forward, we will scale up our efforts aimed at reaching our operational and
financial targets and delivering greater value for our shareholders.


Operationally, there were two aspects to our third quarter. Positive
developments were seen in the Services business and in Flow Control, both of
which reported increased orders and higher profitability year-on-year.
Challenges in the mining equipment market, which we have seen for a number of
quarters, continued, however. Demand remained weak, at roughly the same level of
the two previous quarters this year. A smaller order backlog puts pressure on
net sales for this business, and this has had a negative impact on our quarterly
result. I must say, however, that I'm pleased to see that these challenges are
largely volume-driven, and that our personnel have worked hard to maintain
stable gross margins in these difficult circumstances."


Key figures

 EUR million                             Q1-Q3/ 2014 Q1-Q3/ 2013
                       Q3/  Q3/ Change %                         Change %  2013
                      2014 2013
-------------------------------------------------------------------------------
 Orders received       786  825       -5       2,608       2,824       -8 3,709

 Orders received by    493  470        5       1,572       1,581       -1 2,038
 the services
 business

   % of orders          63   57                   60          56             55
 received

 Order backlog at the                          1,872       2,117      -12 1,927
 end of the period

 Net sales             861  937       -8       2,640       2,840       -7 3,858

 Net sales of the      490  495       -1       1,435       1,468       -2 1,976
 services business

   % of net sales       57   53                   54          52             51

 Earnings before       104  129      -19         323         349       -8   496
 interests, tax and
 amortization (EBITA)
 and non-recurring
 items

   % of net sales     12.1 13.7                 12.2        12.3           12.8

 Operating profit       72  124      -42         250         315      -21   423

   % of net sales      8.4 13.3                  9.5        11.1           11.0

 Earnings per share,  0.26 0.52                 0.89        1.24           1.59
 EUR

 Free cash flow         46  104      -56         141         186      -24   251

 Return on capital                              15.5        18.5           18.6
 employed (ROCE)
 before taxes,
 annualized, %

 Equity-to-asset                                38.9        36.1           36.9
 ratio at the end of
 the period, %

 Net gearing at the      4   46                 49.6        40.4           41.6
 end of the period, %


For illustrative purposes, the balance sheet key figures for the comparison
period have been restated to represent continuing operations.
Short-term market outlook
We expect demand for mining equipment and projects to remain weak but stable.
Due to our large installed equipment base and our stronger services presence, we
expect demand for our mining services to remain good.
Demand for aggregates equipment and related services is expected to be
satisfactory.
Demand for products and services for our valves and pumps businesses is expected
to remain good, whereas demand for our process automation systems business is
expected to remain satisfactory.


Metso is a leading process performance provider, with customers in the mining,
oil and gas, and aggregates industries. Metso's cutting-edge services and
solutions improve availability and reliability in minerals processing and flow
control, providing sustainable process and profit improvements. Metso is listed
on the NASDAQ OMX Helsinki, Finland. In 2013, Metso's net sales totaled EUR 3.8
billion. Metso employs approximately 16,000 industry experts in 50 countries.
Expect results.
www.metso.com, www.twitter.com/metsogroup

Further information, please contact:

Matti Kähkönen, President and CEO, Metso Corporation, tel. +358 20 484 3001
Harri Nikunen, CFO, Metso Corporation, tel. +358 20 484 3010
Juha Rouhiainen, VP, Investor Relations, Metso Corporation, tel +358 20 484 3253



Metso will arrange an audiocast today at 15:00 EEST (8:00 EDT, 13:00 BST, 14:00
CEST). The audiocast is viewable at www.metso.com/IRwebcasts. A simultaneous
conference call is arranged which allows participants to ask questions.

Recording of the event is available at same location www.metso.com/IRwebcasts
after the event has finished and a transcript will be available on Tuesday,
October 28, 2014 at the latest.

Conference call details

Conference call participants are requested to dial in five minutes before the
scheduled time on:
United States: +1 855 269 2605
other countries: +44 20 3194 0550

Metso will not arrange a separate event at its headquarters for investors,
analysts or media.

Metso Corporation



Harri Nikunen

CFO



Juha Rouhiainen

VP, Investor Relations



Distribution:

NASDAQ OMX Helsinki Ltd

Media

www.metso.com