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Metso Oyj (MXCYY.PK)

MXCYY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Metso is investing in screening media manufacturing
Thursday, 2 Mar 2017 05:00am EST 

Metso Oyj : Says is investing in screening media manufacturing to meet growing demand from the mining industry . Is expanding its global manufacturing capacity for rubber screening media used in minerals processing by investing in three new injection presses .Says 1.7 million euro ($1.79 million) investment will increase Metso's global rubber screening media manufacturing capacity.  Full Article

Metso Q4 adjusted EBITA EUR 64 mln, misses expectations
Friday, 3 Feb 2017 02:00am EST 

Metso Oyj : Q4 adjusted EBITA 64 million euros ($69 million)(Reuters poll: 83.9 million euros) . Q4 net sales 676 million euros (Reuters poll: 704 million euros) . Says board of directors proposes a dividend of 1.05 euro per share (Reuters poll: 0.98 euro) . Says 2017 overall trading conditions are expected to be slightly better than in 2016. . Says 2017 demand remains weak for mining equipment and satisfactory for mining services. . Says will continue to look after our costs and take measures where necessary also going forward. ."It is still too early to announce a meaningful recovery.".  Full Article

Metso sets sustainability targets for the years 2016-2018
Tuesday, 30 Aug 2016 04:00am EDT 

Metso Oyj :Revised its sustainability strategy and set targets related to its own approach to sustainability for years 2016-2018.  Full Article

Metso says Blackrock's aggregate holding in the company exceeded 5 pct threshold
Tuesday, 23 Aug 2016 07:08am EDT 

Metso Oyj : Says on August 22, 2016, Blackrock, Inc's aggregate holding in Metso exceeded 5 percent threshold and amounted to 7.6 million shares .Says on August 22, Blackrock, Inc.'s total position in Metso amounted to 9,155,653 or 6.08 percent of Metso's shares and votes.  Full Article

Metso signs landmark deal with copper miner Codelco in Chile
Monday, 15 Aug 2016 04:29am EDT 

Metso Oyj : Metso signs landmark deal with the world's largest copper miner Codelco in Chile . Project is scheduled to continue until 2020 .Order was booked in Metso's second-quarter 2016 orders received.  Full Article

Metso shares rise after Q2 report
Thursday, 21 Jul 2016 02:33am EDT 

Metso Oyj :Shares rise 7.7 percent after Q2 report.  Full Article

Metso Q2 adjusted EBITA EUR 77 million, beats expectations
Thursday, 21 Jul 2016 02:02am EDT 

Metso Oyj : Q2 new orders 761 million euros ($839.08 million) versus 752 million euros in Reuters poll . Q2 net sales 671 million euros versus 683 million euros in Reuters poll . Q2 adjusted EBITA 77 million euros versus 71.0 million euros in Reuters poll . Expects to invoice about 1.0 billion during remainder of 2016 . Overall trading conditions in 2016 will be somewhat weaker compared to 2015 . Says demand remains weak for mining equipment and satisfactory for mining services . Says restructuring costs are expected to be higher than in 2015 . Net financial costs are expected to be on same level as in 2015 .Says mining equipment market seems to have stabilized.  Full Article

Metso divests head office property
Tuesday, 12 Jul 2016 05:05am EDT 

Metso Oyj : Divests its head office property . Property is located at Fabianinkatu 9, Helsinki, Finland .Sells property to Genesta's Nordic Property Fund for debt-free price of 19.6 million euros ($21.78 million).  Full Article

Metso to continue exclusive Lokotrack distributor agreement with Garriock Bros
Tuesday, 28 Jun 2016 02:48am EDT 

Metso Oyj :To continue exclusive Lokotrack distributor agreement with Garriock Bros in UK.  Full Article

Moody's- EMEA manufacturing profits to grow by up to 8%
Wednesday, 8 Jun 2016 04:49am EDT 

Moody's : Emea Manafacturing profits to grow by up to 8% as restructuring and cost-cutting pay off . Forecasts operating profitability growth for EMEA manufacturers of nearly 8% in 2016 and 5% in 2017 . Changed its outlook on the EMEA manufacturing sector to stable from negative, reflecting companies' higher operating profits . Weaker economic growth prospects in emerging markets pose a downside risk to companies in the short term . Slowdown in chinese growth could cause sales, revenues to decline for EMEA manufacturing in near term owing to declining chinese demand .Expects that emerging markets' growth will stabilise into 2017.  Full Article

More From Around the Web

UPDATE 1-Metso yet to benefit from mining industry recovery

HELSINKI, Feb 3 Finnish engineering group Metso on Friday reported fourth-quarter profit below market expectations, a sign that demand from its mining customers is not picking up despite a recovery in commodity prices.