Valmet updates its previously published financial reporting in 2025

Valmet Oyj's stock exchange release on December 18, 2024 at 4:00 p.m. EET

ESPOO, Finland, Dec. 18, 2024 /PRNewswire/ -- Valmet updates the publication date for its Interim Review for January-March 2025 to April 23, 2025. Other financial reporting in 2025 remains unchanged, as communicated earlier as Valmet's stock exchange release on September 3, 2024:

•  February 13, 2025 - Financial Statements Review for 2024

•  April 23, 2025 - Interim Review for January-March 2025 (updated)

Valmet Oyj's stock exchange release on December 18, 2024 at 10:15 a.m. EET

ESPOO, Finland, Dec. 18, 2024 /PRNewswire/ -- The Board of Directors of Valmet Oyj has decided on establishment of a new long-term share incentive plan for Valmet's executives and selected key employees. The long-term incentive plan is Performance Share Plan ("PSP"). The aim of the plan is to align the interests of the shareholders and the key employees to increase the value of Valmet Oyj (the Company) in the long run, to commit the executives and key employees to achieving the Company's strategic targets, to retain the key employees to the Company, and to offer them a competitive reward plan based on holding the Company's shares.

Valmet Oyj's press release December 16, 2024 at 3:30 p.m. EET 

ESPOO, Finland, Dec. 16, 2024 /PRNewswire/ -- Anu Salonsaari-Posti, SVP Marketing, Communications, Sustainability and Corporate Relations and a member of Valmet's Executive Team since 2013, leaves Valmet and continues her career outside the company. Her last day at Valmet will be December 31, 2024.

"On behalf of everyone at Valmet, I would like to thank Anu for her valuable contributions to Valmet during the last more than 11 years and wish her the best of luck and success in her future endeavors," says President and CEO Thomas Hinnerskov.

Valmet Oyj's stock exchange release on December 3, 2024 at 1:00 p.m. EET

ESPOO, Finland, Dec. 3, 2024 /PRNewswire/ -- Proposal for the composition of the Board of Directors

Valmet Oyj's ("Valmet") shareholders' Nomination Board proposes to the next Annual General Meeting, which is planned to be held on March 26, 2025, that the number of members of the Board of Directors for the term expiring at the close of the Annual General Meeting 2026 be seven (7), and that

Anu Hämäläinen, Pekka Kemppainen, Per Lindberg, Annareetta Lumme-Timonen, Monika Maurer and Annika Paasikivi are re-elected as Board members, andPekka Vauramo be elected as the new Chair of the Board and Per Lindberg be elected as the new Vice-Chair of the Board.

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.