Edward Hussey's questions to Metso Oyj (OUKPY) leadership • Q1 2025
Question
Edward Hussey of UBS Group AG asked about the dynamic between brownfield and greenfield projects, the proportion of the U.S. in the equipment pipeline, and the drivers behind the company's resilient margins and potential operating leverage.
Answer
President and CEO Sami Takaluoma explained that while greenfield discussions are active, they have long lead times and are more exposed to tariff uncertainty than stable brownfield projects. He stated the U.S. share of the pipeline is consistent with its ~15% of sales. He attributed margin resilience to a deeply embedded culture and a combination of multiple factors, making it 'sticky,' and confirmed operating leverage exists for H2 sales growth but did not quantify it.