Valmet, developer and supplier of services and technologies for the pulp, paper and energy industries, recently announced its third quarter results. The company received orders worth EUR 466 million in the third quarter of 2014 as compared to EUR 382 million in the third quarter of 2013.
Valmet witnessed an increase in orders in the Paper, and Pulp and Energy business lines. The company’s Pulp and Energy division received orders worth EUR 96 million, up 46 percent compared to the same period of 2013. The orders for Paper division increased 60 percent to EUR 128 million.
“Since becoming an independent company, Valmet has been able to improve profitability every quarter and we are moving towards our targeted level. We have been able to steadily reduce our selling, general and administrative expenses, and increase our gross profit. Going forward, Valmet will continue to focus on improving profitability,” said, Pasi Laine, President and CEO, Valmet.
Valmet’s net sales reached EUR 590 million, down 2 percent. The dip in consolidated net sales is primarily due to a dip of 14 percent and 8 percent in net sales of Paper and Services division respectively.
According to the company, the activity in board and paper markets will remain on a good level. The activity in the services, pulp, energy, and tissue markets is estimated to remain satisfactory.
