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MetsoHelsinki, Finland
Report FactsCompany name: Metso CorporationFiscal year end: December 31, 2008 Report title: Annual Report 2008 President and CEO: Jorma Eloranta Number of books: Two Report length: 152 + 36 pages Auditors: PricewaterhouseCoopers Production: Gyro Scandinavia - Kreab Gavin Anderson E-mail: metso.info@metso.com |
Report Rating(Rating scale below) Profile-Mission (Excerpts, as from the report)Metso is a global supplier of sustainable technology and services for mining construction, energy, metal recycling and the pulp and paper industries. We have... operations in more than 50 countries... we employ more than 29,000 professionals. Core competence areas are: engineering and process know-how, services business, project management, supply chain management and efficiency... (Annual Report source) (Italics are own company’s words)Key FiguresNet sales: EUR 6,400 millionOperating profit: EUR 637.2 million Profit (before taxes): EUR 548 million Earnings per share: EUR 2.75 Dividend per share: EUR 0.70 Return on equity: 26.0% Return on capital employed: 23.2% Equity to total assets: 30.9% Number of employees: 29,322 (Source: 2008 figures sourced from the annual report) Competitors or Rivals
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Strongest> A Management discussion on strategy comes on pp 6-11 and addresses key drivers of growth strategy, key requirements for success, core competences developed, short-term priorities and medium-term challenges.> Clear description of the operating environment and its megatrends. > Outstanding chapter about risk factors and their management (see Selected Page below). It contains: key facts for the year in review, next year goals in risk policies, the implementation of management (diagram), a thorough list of risk factors, and, last but not least, a Risk map mapping setting out risk profile, examples... |
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Stronger> Metso in brief charts orders, sales and personnel by market area, and sales by customer industry, which gives an immediate grasp of segment contribution in percentage. Businesses at a glance (pp 30-31) goes further on.> Prosperity for our stakeholders sums up benefits: wages and salaries, income taxes, purchases, capital and debt structures, capitalization, and earnings and dividends. |
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Good Too> Why almost hiding the Key figures (rich in percentage items) as a small table stuck on p 9?> Board of Directors’ report is unevenly developed. |
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Buts> Little use of covers as a communication vehicle. On second thought, it represents the use of the logo but...> CEO’s greetings (sic) are very short –in all meanings. > Lack of details on board and executive compensation. > Design concept, layout, illustration, typography are plainly functional and sometimes do not encourage readability (see e.g. that one-column grid for CEO’s message and for introducing business areas). |
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How does the company report in key areas? What are the main report pluses and minuses?
The Report Scan gives an overview of strengths and weaknesses, and scores each item.
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Selected Page(p 21 of Metso Annual Report 2008)
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