Metso Corp (OHEL:METSO)

€ 11.755 -0.11 (-0.93%) Market Cap: 9.73 Bil Enterprise Value: 10.55 Bil PE Ratio: 18.25 PB Ratio: 3.59 GF Score: 73/100

Q4 2019 Outotec Oyj Earnings Call Transcript

Feb 06, 2020 / 12:00PM GMT

Release Date Price: €5.37 (-0.59%)

Transcript

Operator

Hello, everyone, and welcome to Outotec's Financial Statement Review. (Operator Instructions)

Today, I am pleased to present CEO, Markku TerÃ¤svasara; and CFO, Jari Ãlgars. Please go ahead.

Markku TerÃ;svasara

Outotec Oyj - Chairman of Executive Board, President & CEO

¤ -

Thank you, and good afternoon all. Let's start our results review. And this year, as we have even written in the title, 2019 was a year of many notable achievements. There was events like agreeing on a merger, combining our company with Metso Minerals. We had some divestments decided at the end of the year. But we also had a lot of improvements in our business performance. And from that list, we can definitely say that from order intake point of view that it was a good year. Our service continued to develop. We said in 2017 that our plan is to grow our service business by 10% per annum in average, and 2019, we followed that plan and actually have been following that all the way from 2016. Service growth in last year was 60%.

Our project performance has

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