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Metso cautious about COVID impact

Finland’s Metso, nearing the close of its EUR4 billion merger with Outotec, has arranged EUR290 million of new debt funding that will transfer to the combined entity to prepare “for the impacts of COVID-19 on its businesses”.

Staff reporter
Metso cautious about COVID impact

Metso has reported March quarter sales that were slightly down year-on-year at EUR832 million, with adjusted EBITA down 12.6% yoy at EUR91 million and free cash flow EUR78 million, well up on 38 million...

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