Metso Corp. reported consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported operating profit of €114 million, profit before taxes of €91 million and profit attributable to shareholders of the company of €62 million or €0.44 per share on net sales of €1,196 million compared to the operating profit of €172 million, profit before taxes of €137 million and profit attributable to shareholders of the company of €97 million or €0.69 per share on net sales of €1,528 million for the same quarter year ago. Net cash provided by operating activities was €259 million compared to the €112 million for the same quarter year ago. Capital expenditures on fixed assets was €23 million compared to the €88 million for the same quarter year ago. For the nine months period, the company reported operating profit of €239 million, profit before taxes of €180 million and profit attributable to shareholders of the company of €125 million or €0.88 per share on net sales of €3,663 million compared to the operating profit of €447 million, profit before taxes of €393 million and profit attributable to shareholders of the company of €277 million or €1.96 per share on net sales of €4,561 million for the same period year ago. Net cash provided by operating activities was €487 million compared to the €129 million for the same period year ago. Capital expenditures on fixed assets was €78 million compared to the €200 million for the same period year ago. Return on equity was 11.4% compared to the 24.5% for the same period year ago. The company estimate that net sales will exceed €5 billion in 2009. The company expect profitability level to be satisfactory in 2009. The company also expect free cash flow to improve considerably on 2008. The company estimate that 2010 net sales will be lower than 2009 and expect company profitability to be satisfactory.

Metso Corp., Q3 2009 Earnings Call, Oct-29-2009

Metso Corp. will supply Affaersverken i Karlskrona AB with a biomass boiler plant for combined heat and power production (CHP) in the municipality of Karlskrona, Sweden. The boiler plant including several auxiliary boilers will be delivered by the Metso-Waertsilae joint venture MW Power. Equipment related to environmental systems will be delivered by Metso's Power business line. The total value of the order is approximately EUR 30 million. The start-up of the plant is scheduled for the first quarter of 2012. The biomass boiler plant will utilize bubbling fluidized bed (BFB) technology and will use wood chips as the main fuel. The plant will produce approximately 36 MW of district heat for the Karlskrona area and approximately 13 MW of electricity for the national grid. With the new plant, Affaersverken i Karlskrona will be able to fulfill the growing demand of district heat and increase the usage of biomass in heat and power generation.