Analyst’s comments after Metso’s Capital Markets Day. ![]()
Metso plans changes to its operating model and other efficiency measures in parts of its Minerals business area to more effectively support the development of growth and profitability. The measures aim for annual savings of 13 million euros.
Metso is initiating change negotiations in accordance with the Act on Co-operation within Undertakings, which concern parts of the Minerals business area’s digital and equipment business. The plan includes developing operating models and other efficiency-enhancing measures, as well as permanent personnel reductions.
The estimated number of personnel reductions is approximately 95 positions globally. Of these, a maximum of 55 are in Finland. Final decisions on the measures will be made once the negotiations have been concluded in accordance with the local legislation of each country.
Metso has opened a new, state-of-the-art flotation technology laboratory at its Pori research center. The laboratory expands services offered to mining industry customers and supports Metso’s strategy as a global partner in advanced flotation and beneficiation solutions.
The latest flotation technology at the Pori research center is represented by a new type of coarse flotation machine, which enables the recovery of coarse particles without fluidized bed technology. The technology is intended to be brought to market after industrial-scale testing in 2026.
Nordea published its updated Metso analysis. The target price rises to EUR 14.00 (previous: EUR 13.00), the recommendation remains at BUY. ![]()
Here are also Aapeli’s preliminary comments, as Metso announces its Q3 results on Thursday. ![]()
We expect the company’s margins to have returned to more normal levels after a weaker previous quarter, and this also to have driven moderate earnings growth for the company compared to the reference period. We also forecast the company’s order intake to have seen slight growth. On the report, our focus will naturally be on more detailed market comments, but we do not expect any other significant news after the recently held CMD.
Results published: Osavuosikatsaus tammi-syyskuulta 2025 - Metso
Third quarter 2025 in brief
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Market activity remained at the previous quarter’s level
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Orders received grew by 2% and amounted to a total of EUR 1,264 million (EUR 1,237 million). Aggregates +8% and Minerals +1%
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Revenue grew by 10% to EUR 1,328 million (EUR 1,211 million). Aggregates +9% and Minerals +10%
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Adjusted EBITA was EUR 222 million, or 16.7% of revenue (EUR 204 million and 16.8%)
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Operating profit was EUR 205 million, or 15.5% of revenue (EUR 185 million and 15.3%)
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Cash flow from operations was EUR 266 million (EUR -19 million)
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New strategy and financial targets were published in September
Nordea published its updated Metso analysis following the Q3 results. The target price rises to 15.00 euros (previous: 14.00 €), the recommendation remains at BUY level. ![]()
Updated view. ![]()

Analyst’s comments after Metso’s Q3 results. ![]()
Target price rises to 12.50 euros (previous: 11.00 €), recommendation remains unchanged at REDUCE level.
Here are OP’s Jussi Mikkonen’s thoughts on Metso’s Q3 in video form ![]()
Metso published its Q3 report yesterday, where both orders and earnings exceeded forecasts, especially in the Minerals segment. Senior Analyst Jussi Mikkonen, who follows the company, reviews in the video the most important figures from the results, the company management’s comments, and the future outlook.
Metso has received an order to supply a third sintering plant to Steel Authority of India Ltd. (SAIL)'s IISCO Iron & Steel Plant (ISP) in Asansol, West Bengal, India. The order was booked in the Ferrous business line during the third quarter of 2025. The Ferrous business is currently being divested and will be presented as a discontinued operation. The value of the order is approximately EUR 32 million.
Metso’s delivery includes the design, equipment supply, installation, and supervision of commissioning for the new sintering plant. The plant will have a capacity of 2.67 million tons per year and is part of SAIL ISP’s significant crude steel expansion project, which has a capacity of four million tons per year. The order includes Metso’s Emission Optimized Sintering (EOS) technology, which significantly reduces solid fuel consumption and cuts CO2 emissions by over 54,000 tons annually, contributing to SAIL’s goal of moving towards more sustainable steel production. The new sintering plant production line is expected to be operational in 2029, supporting India’s efforts towards a more efficient and sustainable future.
Metso and SAIL have a long-standing partnership regarding grate-kiln sintering plants, and Metso has successfully delivered four sintering plants to SAIL already.
As part of its efficiency targets, Metso has assessed that a credit rating from one service provider is sufficient for it. As a result of the assessment, Metso has decided to terminate its credit rating cooperation with Standard & Poor’s Global Ratings, and has requested it to withdraw its rating, which is currently BBB with a stable outlook. Moody’s Investors Service will continue as Metso’s international credit rating agency, with its current credit rating for Metso being Baa2 with a stable outlook.
Metso has concluded the change negotiations initiated on October 7, 2025, in its Minerals business area. As a result of the negotiations, a total of approximately 80 positions will be reduced globally. Of these, 43 are positions in Finland.
The negotiations concerned changes in the operating model and other efficiency measures. With these and previously implemented measures, annual cost savings of 13 million
Here’s a video on the “electrification trend” and how it affects Metso. ![]()
https://x.com/STNXfi/status/1986058125279916137
Those without an X account can watch here ![]()
Fortescue’s Christmas Creek Green Metal Project in Australia Utilizes Metso’s Revolutionary DRI Technology
Metso will supply the core process design and technology for Fortescue Ltd.'s Christmas Creek Green Metal project in Pilbara, Western Australia. Equipment installation began in September 2025.
The project will validate the functionality of carbon-free manufacturing technology for producing high-quality molten iron. The produced direct reduced iron, also known as DRI, can be further processed into so-called green steel. The technology supplied by Metso covers hydrogen-based CircoredTM fluidized bed technology for direct reduction and a smelting process utilizing renewable electricity.
The pilot project’s annual production will be over 1,500 tons, and studies are currently underway for the construction of a commercial-scale plant.
Metso has received an order for the delivery of a compact pelletizing plant to Kuminex Steels Pvt. Ltd. in Hospet, Karnataka, India. This is Metso’s first modular, compact iron ore pelletizing plant, tailored to the needs of emerging players in India’s dynamic steel market. The order, valued at eleven million euros, has been booked in the Ferrous business line for the last quarter of 2025. This business is currently being divested and will be reported as part of discontinued operations.
Metso’s delivery covers the design and supply of equipment, instrumentation, and automation systems belonging to the pelletizing plant. In addition, Metso will provide supervision services and technical training for the project.
Updated view. ![]()

Metso to supply key process equipment to Harmony’s Eva Copper Mine project in Queensland, Australia. Eva Copper is the largest new copper concentrator of this size in the region in over ten years, and it plays a significant role in ensuring the availability of critical metals in Australia. The order value is approximately EUR 55 million and it has been booked in the Minerals segment’s third quarter 2025 orders received.
Metso has received an order for the delivery of a compact pelletizing plant to Greta Energy Ltd. in Chandrapur, Maharashtra state, India. This is Metso’s second modular, compact iron ore pelletizing plant in India. The order, the value of which is not disclosed, has been booked in the Ferrous business for the last quarter of 2025. This business is currently being divested and will be reported as part of discontinued operations.
The core of Metso’s delivery is a three-meter-wide pelletizing furnace. The delivery also includes instrumentation as well as the design and installation of automation systems.
Metso launched compact pelletizing plants in 2022. Since then, the company has received three projects from China and two from India.
Metso celebrated the opening of a new competence center located in Pittsburgh, USA, on December 9. The new facility strengthens Metso’s engineering expertise in material handling solutions and improves customer focus in the North American market. The establishment of the facility demonstrates Metso’s commitment to developing customer service and technical support in the region.
The new competence center currently employs nearly 20 specialists, and the number of personnel is planned to increase. The unit’s location provides diverse career opportunities for university graduates and supports the development of young professionals in collaboration with the University of Pittsburgh, Carnegie Mellon University, and Duquesne University.


