UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
October 25, 2006
Commission file number 1-14400
Metso Corporation
(Translation of registrants name into English)
Fabianinkatu 9 A,
P.O. Box 1220
FI-00101
Helsinki, Finland
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F
Form 20-F þ Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o No þ
If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g-3-2(b):82-
Metso updates its financial targets and dividend policy
(Helsinki, Finland, October 25, 2006) Metso Corporation (NYSE: MX; OMXH: MEO1V)
As a result of Metsos annual strategy process, Metsos Board of Directors has today updated
Metsos financial targets and raised the dividend policy. The decision is based on Metsos positive
financial development and the continuing favorable market situation. The following new financial
targets replace the previous targets set in August 2005:
- An average annual net sales growth of more than 10 percent. The growth
will be attained both organically and through value-enhancing
complementary acquisitions. Major acquisitions with a significant
impact on Metso, such as the Aker-Kvaerner Pulping and Power
acquisition, come on top of this 10% growth target.
- An operating profit margin (EBIT-%) of more than 10 percent.
Furthermore, Metsos target is that its key financial indicators, capital structure and cash flow
metrics support a solid investment grade status in credit rating.
Metso has also upgraded its dividend policy to distribute at least 50 percent (earlier 40 percent)
of annual earnings per share as dividend or in other forms of repatriation of capital.
We will continue to execute our profitable growth strategy with the focus on fully exploiting the
growth opportunities of the current market situation, growing the aftermarket business, as well as
on securing continued, sustainable profitability over the business cycle, says Jorma Eloranta,
President and CEO of Metso Corporation. We still have a lot of opportunities to improve our
performance, and there is no room for complacency despite the consistent, strong development of
our financial performance.
At Metso, our focus is on profitable growth we grow in order to make more profit. In Metso Paper
the focus remains to ensure continued profitability improvement and growth in aftermarket business.
In Metso Minerals and Metso Automation we aim to fully exploit the market growth while ensuring
yearly improving profits. Our positive development, a very strong order backlog and favorable
market outlook give us confidence to expect that also the years to come will be good for Metso and
to our shareholders, Eloranta notes.
Metso is a global engineering and technology corporation with 2005 net sales of approximately
EUR 4.2 billion. Its 22,000 employees in more than 50 countries serve customers in the pulp and
paper industry, rock and minerals processing, the energy industry and selected other industries.
www.metso.com
For further information, please contact:
Jorma Eloranta, President and CEO, Metso Corporation, tel. +358 204 84 3000
Olli Vaartimo, Executive Vice President and CFO, Metso Corporation, tel. +358 204 84 3010
Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
or
USA: Mike Phillips, Senior Vice President, Finance and Administration, Metso USA, Inc., tel. +1 770
246 7237.
It should be noted that certain statements herein which are not historical facts, including,
without limitation, those regarding expectations for general economic development and the market
situation, expectations for customer industry profitability and investment willingness,
expectations for company growth, development and profitability and the realization of synergy
benefits and cost savings, and statements preceded by expects, estimates, forecasts or
similar expressions, are forward-looking statements. These statements are based on current
decisions and plans and currently known factors. They involve risks and uncertainties which may
cause the actual results to materially differ from the results currently expected by the company.
Such factors include, but are not limited to:
(1) general economic conditions, including fluctuations in exchange rates and interest levels which
influence the operating environment and profitability of customers and thereby the orders received
by the company and their margins
(2) the competitive situation, especially significant technological solutions developed by
competitors
(3) the companys own operating conditions, such as the success of production, product development
and project management and their continuous development and improvement
(4) the success of pending and future acquisitions and restructuring.