Thursday, 28 February 2019 08:52

Valmet revises upwards its net sales guidance for 2019 due to the acquisition of GL&V

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Valmet announced the acquisition of GL&V, a global provider of technology and services to the pulp and paper industry, by press release on February 26, 2019. Following the acquisition, Valmet revises upwards its net sales guidance for 2019. The new guidance is subject to the completion of the acquisition, which is estimated to take place on April 1, 2019 at the earliest.

New guidance for 2019:

valmet logoValmet estimates that net sales in 2019 will increase in comparison with 2018 (EUR 3,325 million) and Comparable EBITA in 2019 will increase in comparison with 2018 (EUR 257 million). The guidance is subject to the completion of the acquisition of GL&V.

Previous guidance for 2019 (as announced in the Financial Statements Review 2018 on February 7, 2019):

Valmet estimates that net sales in 2019 will remain at the same level as in 2018 (EUR 3,325 million) and Comparable EBITA in 2019 will increase in comparison with 2018 (EUR 257 million).

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2018 were approximately EUR 3.3 billion. Our more than 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

Read more www.valmet.com

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