Valmet has released its Q3 Interim Review January 1 – September 30, 2024, reporting record-high third quarter margin, but slower market activity than expected. Key points include;
- Orders received decreased 11% to €3,374m
- Net sales decreased 5% to €3,831m
- Comparable EBITA remained at the previous year’s level and amounted to €417m
Thomas Hinnerskov, President and CEO, commented, “I had the honour to join Valmet as President and CEO in mid-August. The third quarter results were two-fold. On one hand, Comparable EBITA margin was 12.0%, the best third quarter margin for Valmet ever. On the other hand, the market activity in Services and board and paper process technologies was slower than we earlier expected, and some customers postponed their final investment decisions. Looking ahead, we are excited about the opportunities ahead of us.”
