Valmet Oyj's press release November 21, 2024 at 2:00 p.m. EET 

ESPOO, Finland, Nov. 21, 2024 /PRNewswire/ -- Jukka Tiitinen, Area President, North America, has decided to retire after a long and successful career at Valmet. Jukka Tiitinen will step down from his role on 31 December 2024 and do the handover to an interim Head of North America in January 2025.

"I want to express my warmest gratitude to Jukka for his contribution and long-term commitment to Valmet's success over the years. Jukka is a home-grown Valmeteer with vast experience from many different organizations and cultures, and he has been a trusted member of Valmet's Executive Team since 2013. I have enjoyed working with Jukka and wish him all the best in his up-coming well-deserved retirement days," says Thomas Hinnerskov, President and CEO, Valmet.

Valmet Oyj press release, November 12, 2024, at 11:00 a.m. EET

ESPOO, Finland, Nov. 12, 2024 /PRNewswire/ -- Valmet will supply a complete papermaking line from stock preparation to reel and winders with services and a comprehensive automation solution package to one of its major customers in Asia-Pacific. The papermaking line will produce uncoated woodfree grades. The start-up is scheduled for 2026.

The order is included in Valmet's orders received of the fourth quarter 2024. The value of the order will not be disclosed, but such a papermaking line is typically worth between EUR 90 million and EUR 120 million.

ESPOO, Finland., Nov. 7, 2024 /PRNewswire/ -- Valmet's website, valmet.com, has reached the top position in Finland in the Comprend Webranking 2024.

Webranking by Comprend is Europe's leading survey of corporate websites and uses fifty key criteria and more than two hundred measurement points. The survey ranks the websites of Europe's largest listed companies by market capitalization. This year, a total of 642 companies participated.

The ranking of Valmet's website in Comprend's survey has risen steadily, which is a result of the company's long-term and systematic work in developing its website's functionality and user experience. Valmet's score improved by 4.7 points compared to last year and was now 84.8/100.

ESPOO, Finland, Oct. 30, 2024 /PRNewswire/ -- 

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

July–September 2024: Orders received increased to EUR 1,041 million

Orders received increased 6 percent to EUR 1,041 million (EUR 980 million).Orders received increased in the Services and Automation segments and decreased in the Process Technologies segment.Orders received increased in South America, EMEA (Europe, Middle East and Africa) and Asia-Pacific, remained at the previous year's level in North America, and decreased in China.Net sales remained at the previous year's level and amounted to EUR 1,295 million (EUR 1,295 million).Net sales increased in the Automation and Services segments and decreased in the Process Technologies segment.Comparable earnings before interest, taxes and amortization (Comparable EBITA) remained at the previous year's level and amounted to EUR 156 million (EUR 150 million).Comparable EBITA increased in the Automation segment, remained at the previous year's level in the Services segment, and decreased in the Process Technologies segment.Comparable EBITA margin was 12.0 percent (11.6%).Earnings per share (EPS) were EUR 0.37 (EUR 0.47). EPS decreased mainly due to lower operating profit and higher net financial expenses. Adjusted EPS was EUR 0.49 (EUR 0.52).Items affecting comparability amounted to EUR -17 million (EUR -4 million) and were  mainly related to Process Technologies and Services segments.Cash flow provided by operating activities totaled EUR 110 million (EUR 57 million).

Valmet Oyj's stock exchange release (inside information) on October 29, 2024 at 9.00 a.m. EET

ESPOO, Finland, Oct. 29, 2024 /PRNewswire/ -- On September 25, 2024, Valmet announced that Arauco had selected it as the supplier for a complete pulp mill including full-scope automation and flow control solutions. The new mill will be built in Inocência, in the state of Mato Grosso do Sul, Brazil.

Valmet now confirms that the supply contracts have been officially signed. This order will be booked in Valmet's Q4 2024 orders received. As earlier announced, the value of the order for Valmet is over EUR 1 billion.

Valmet Oyj's press release on October 21, 2024 at 12:00 p.m. EEST

ESPOO, Finland, Oct. 21, 2024 /PRNewswire/ -- Valmet announced on September 5, 2024, the start of change negotiations in its Paper business line's Board and Paper Mills business unit that included a plan to consider measures aimed at improving the profitability and competitiveness of the business operations. The business unit develops and delivers board and paper making lines and technologies globally. The scope of the negotiations covered all employees in Board and Paper Mills business unit in Finland, totaling approximately 1,300 employees. Other organizations or employees in the Paper Business Line were not included in the scope of the change negotiations.

Valmet Oyj's press release on October 16, 2024 at 9:30 a.m. EEST

ESPOO, Finland, Oct. 16, 2024 /PRNewswire/ -- Valmet's Interim Review January – September 2024 will be published on Wednesday, October 30, 2024, at approximately 2:00 p.m. Finnish time (EEST). The stock exchange release and presentation material in English and in Finnish will be available at that time on Valmet's website at www.valmet.com/investors.

Webcast

Valmet will arrange a news conference in English as a live webcast at https://valmet.videosync.fi/q3-2024 on Wednesday, October 30, 2024, at 3:00 p.m. Finnish time (EEST). President and CEO Thomas Hinnerskov and CFO Katri Hokkanen will be presenting the results.

Valmet Oyj's stock exchange (inside information) release on October 15, 2024 at 4:30 p.m. EEST

ESPOO, Finland, Oct. 15, 2024 /PRNewswire/ -- Metsä Fibre Oy has filed a request for arbitration against Valmet Technologies Oy, which is a subsidiary of Valmet. The arbitration concerns Metsä Fibre's bioproduct mill in Kemi, Finland, which came into operation as planned on September 20, 2023.

Valmet Technologies Oy disputes the claims brought by Metsä Fibre and will also actively pursue claims of its own against Metsä Fibre. Metsä Fibre's preliminary monetary claims put forward amount to approximately EUR 47 million. In addition, Metsä Fibre has informed that it will claim that Valmet Technologies Oy would be declared liable for certain potential costs which Metsä Fibre might incur later based on contractual relationships between Metsä Fibre and other parties. Metsä Fibre estimates that the current value of such potential claims is approximately EUR 65 million, but estimates that this amount is likely to decrease.

ESPOO, Finland, Oct. 11, 2024 /PRNewswire/ --Valmet Oyj's stock exchange release (inside information) on October 11, 2024 at 4:05 p.m. EESTValmet changes its Comparable EBITA guidance for 2024. For net sales, the guidance remains unchanged.

The services market has developed somewhat slower in EMEA, China and Asia-Pacific than Valmet earlier expected. Furthermore, the market activity in board and paper process technologies has been slower than earlier expected and some customers have postponed their final investment decisions.

Valmet Oyj press release, October 3, 2024, at 9:30 a.m. EEST 

ESPOO, Finland, Oct. 3, 2024 /PRNewswire/ -- Valmet is to supply an OptiConcept M board making line with automation and services to Anhui Linping Circular Development in China. The new board line PM 8 will produce recycled liner grades. The start-up is scheduled for the end of 2025.

The order is included in Valmet's orders received of the third quarter 2024. The value of the order will not be disclosed, but such a board making line is typically worth between EUR 40 million and EUR 60 million.