Metso delivered a solid second‑quarter performance for 2026, reporting strong order momentum, improved profitability and continued investment in customer‑focused service expansion.
The company said activity in both the Minerals and Aggregates segments remained healthy, supporting double‑digit order growth and a strengthened backlog.
Orders received rose 18% to €1,462 million (€1,241 million), with minerals up 24% and Aggregates up 1%. Organic order growth in constant currencies reached 16%. Sales increased 6% to €1,334 million (€1,257 million), while adjusted EBITA climbed to €221 million, representing a margin of 16.6% (14.5%). Cash flow from operations improved to €206 million (€147 million), and the net debt‑to‑EBITDA ratio strengthened to 1.3 (1.5).
For January–June, orders rose 12% to €3,017 million, sales increased 5% to €2,587 million, and adjusted EBITA grew 13% to €424 million, or 16.4% of sales.
President and CEO Sami Takaluoma said the quarter progressed as expected, with robust aftermarket demand and strong equipment activity in Minerals driving a book‑to‑bill ratio of 1.10. Profitability improved across both segments, with Aggregates achieving a 16.3% adjusted EBITA margin and minerals reaching 18.3%, supported by higher volumes, operational efficiency and a favourable business mix.
Minerals equipment orders rose 50%, driven by grinding and crushing solutions, with strength across commodities and regions. Aftermarket orders increased 13%, reflecting healthy utilisation across the installed base. Aggregates demand remained solid in North America, though European activity was affected by higher fuel prices.
Metso continued to invest in customer proximity, opening new service and training centres in the USA and Canada, expanding its presence in Argentina, and advancing the second phase of its Aggregates technology centre in Tampere, Finland.
The company said sustainability, safety and employee engagement remain central priorities, with progress made toward net‑zero Scope 1 and 2 emissions and strong uptake of its Metso Plus offering.
Metso expects market activity in both Minerals and Aggregates to remain at current levels over the next six months
