Valmet Oyj Reports Earnings Results for the Full Year Ended December 31, 2023

Valmet Oyj is an industrial group organized around 5 areas of activity: - services (31.7% of net sales): pulps, papers and textile fibers production equipment and bioenergy power plant care and maintenance services, machine automation and production process performance improvement services. The group also provides spare parts; - sale of paper production machines and equipment (26.5%); - sale of energy and pulp production equipment (21.3%); - sale of flow control solutions for the process industries (10.9%); - sales of factory automation systems (9.6%): monitoring and control systems, measuring systems, vision systems, production processes performance boosting solutions etc., dedicated primarily to the pulp and paper and power generation industries. Net sales are distributed geographically as follows: Europe/Middle East/Africa (37%), China (16.3%), Asia/Pacific (11.7%), North America (20.8%) and South America (14.2%).