UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
April 3, 2007
Commission file number 1-14400
Metso Corporation
(Translation of registrant’s name into English)
Fabianinkatu 9 A,
P.O. Box 1220
FI-00101
Helsinki, Finland
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F
Form 20-F þ Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o No þ
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g-3-2(b):82-
Metso’s Annual General Meeting on April 3, 2007: Review by President and CEO Jorma Eloranta
(Helsinki, Finland, April 3, 2007) – Metso Corporation (NYSE: MX; OMXH: MEO1V)
At Metso Corporation’s Annual General Meeting being held at 2 p.m. today, President and CEO Jorma
Eloranta estimates in his review that Metso’s profitable growth will continue also in 2007. The
good order intake in the first quarter supports the positive development for full year.
“As we noted in February, in connection with the publication of our Financial Statements,
Metso’s net sales in 2007 are estimated to grow by more than 20 percent on 2006, and the operating
profit is estimated to clearly improve. We also repeat our estimate regarding the 2007 operating
profit margin: It is estimated that the operating profit margin will be slightly below Metso’s 10
percent target. Metso’s order backlog has further strengthened from the year-end, which supports
our favorable full-year estimate”
However, Eloranta reminds that in businesses like Metso’s the net sales and operating profit
can vary significantly between quarters: “We estimate that this year the first quarter will be the
weakest, and the net sales and operating profit for the last three quarters of the year will
clearly improve from the first quarter. This is mainly due to the timing and mix of deliveries and
normal seasonal variation,” Eloranta says.
To further strenghten profitable growth, Metso targets to exploit the favorable market situation
by, for example, strengthening its global presence close to the customers. It will also improve its
supply chain management globally. De-bottlenecking investments target improved delivery capability
and customer service.
According to Eloranta, continuous improvement of productivity and operational quality are key
matters for profitability development. Additionally, Metso is developing its business processes and
supporting information systems.
“Growth will also require business renewal. We see great potential in, for example, environmental
and service business development,” Eloranta says. Metso will also consider corporate acquisitions
that complement its current product and service offering or strengthen its geographical presence.
Metso is a global engineering and technology corporation with 2006 net sales of approximately
EUR 5 billion. Its 25,500 employees in more than 50 countries serve customers in the pulp and paper
industry, rock and minerals processing, the energy industry and selected other industries.
www.metso.com
Further information for the press, please contact:
Jorma Eloranta, President and CEO, Metso Corporation, tel. +358 204 84 3000
Olli Vaartimo, Executive Vice President and CFO, Metso Corporation, tel. +358 204 84 3010
Further information for investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
or
USA: Mike Phillips, Senior Vice President, Finance and Administration, Metso USA, Inc., tel. +1 770
246 7237.
It should be noted that certain statements herein which are not historical facts, including,
without limitation, those regarding expectations for general economic development and the market
situation, expectations for customer industry profitability and investment willingness,
expectations for company growth, development and profitability and the realization of synergy
benefits and cost savings, and statements preceded by
“expects”, “estimates”, “forecasts” or
similar expressions, are forward-looking statements. These statements are based on current
decisions and plans and currently known factors. They involve risks and uncertainties which may
cause the actual results to materially differ from the results currently expected by the company.
Such factors include, but are not limited to:
| (1) |
|
general economic conditions, including fluctuations in exchange rates and interest levels which
influence the operating environment and profitability of customers and thereby the orders received
by the company and their margins |
| (2) |
|
the competitive situation, especially significant technological solutions developed by
competitors |
| (3) |
|
the company’s own operating conditions, such as the success of production, product development
and project management and their continuous development and improvement |
| (4) |
|
the success of pending and future acquisitions and restructuring. |