Valmet - Financial Statements: 2015

Play	Financial Statements
	Pasi Laine President & CEO Kari Saarinen CFO
	Presentation
	1. a) Reasons for the change in the short-term market outlook for pulp? b) Why improvement in the short-term market outlook for board? c) Effects of the recent board price downturn?
	2. a) Is the new pulp outlook for all size of pulp orders? b) Is the EBITA improvement coming from savings or Services growth? c) Were there some unannouced orders?
	3. a) Growth outlook per business line b) What do you expect for margins in 2016? c) Is it fair to assume that the margin should improve in 2016?
	4. a) How was the orders received split between pulp and energy? b) Do you expect to get awarded at least one big pulp mill project in 2016? c) Is Automation profitability between 10 and 12% still valid going forward?

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