Metso identifies aftermarket sales as growth opportunity

The board of directors of Finland-based Metso Corp. has approved a company strategy for 2026 to 2030 that includes increasing its share of aftermarket service and components revenue.

The company, which has a business unit that makes aggregates and wood recycling equipment, is calling its new strategy “We go beyond,” with the five-year plan focusing on business growth and improved profitability, customer-centricity, market leadership and increasing its share of aftermarket revenue.

Metso lists as its four strategic objectives: the best customer experience, a higher share of aftermarket in sales, leadership in sustainability and safety, and financial excellence.

The company says its plan is supported by global megatrends. In its Aggregates segment, it says those trends mean markets are expected to grow driven by the growth of construction and infrastructure projects and the increasing recycling of construction materials.

“Our ‘We go beyond’ strategy was developed with our two customer segments in mind, collaborating closely with customers and key stakeholders and involving colleagues from across the company,” Metso President and CEO Sami Takaluoma says.

“In the Aggregates segment, we’re driving growth in the aftermarket business, strengthening our regional market position and establishing a leading role in aggregates and [infrastructure] recycling. Digitalization, channel management, and continuous technology development are the enablers of these goals.”

The Metso board has set a target in its Aggregates segment of an adjusted earnings before interest, taxes and amortization margin of at least 17 percent.

“With the strategic choices we've made, we can achieve our growth targets, with the primary driver being organic growth supported by selective complementary acquisitions in both segments,” Takaluoma says.

The company also calls safety an integral part of its culture, adding the new Metso “Start with safety" mindset focuses on preventing workplace injuries and continuously improving safety performance.

Metso also aims to continue being an industry frontrunner in sustainability, targeting net zero emissions in its own operations by 2030.

“We will further strengthen our existing science-based climate targets throughout the value chain from suppliers to customers and continue developing our Metso Plus offering, [which] brings significant advantages to our customers by delivering enhanced operational efficiency, reduced environmental impact, and long-term cost savings,” the company says.

Metso’s management intends to present the company’s strategy and business plans at a Capital Markets Day event Oct. 2.