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Metso 4Q: No Surprises

CAPITAL GOODS
  • No spread impact. Bonds quoted around unchanged so far.
  • Revenue in line, EBITA beat expectations by 4%.
  • FCF in line with consensus. Leverage increased to 1x from 0.75x.
  • Management pointing to stable to marginal growth in 2024. Orders received -14% YoY, in line with expectations.

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