Annual report 2024


The report covers Valmet’s market environment and the progress of its strategy, operations and sustainability in 2024.

Valmet has a global customer base across various process industries. We are a leading global developer and supplier of process technologies, automation and services for the pulp, paper, and energy industries. With our automation and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day.

The company has more than 225 years of industrial history and a strong track record in continuous improvement, sustainability, and renewal. Valmet’s shares are listed on Nasdaq Helsinki, and the head office is in Espoo, Finland.

A new chapter for Valmet

A new chapter for Valmet

Since joining this remarkable company in mid-August, I have had the privilege of engaging with our valued customers and committed employees across all our regions around the world. It has been rewarding and energizing to witness firsthand the passion and innovation that drive our success.

Read the President and CEO review
As we move forward, I am looking forward to the opportunities that lie ahead. I am confident that Valmet will continue to thrive and reach new heights.
Thomas Hinnerskov, President and CEO

5,837

ORDERS RECEIVED EUR MILLION

5,359

NET SALES EUR MILLION

609

COMPARABLE EBITA EUR MILLION

11.4%

COMPARABLE EBITA MARGIN

Key events in 2024

2024 was an eventful year for Valmet. One of the highlights was the successful launch of Valmet DNAe, our next-generation industrial automation system. We also secured a landmark project to supply the world’s largest single-phase pulp mill, valued at over a billion euros, to Arauco in Brazil. Enjoy some of our key highlights in this video!

Net sales by segment

Net sales by area

Personnel by segment

Personnel by region

Business reviews

Business reviews

Valmet has a financial reporting structure consisting of three reportable segments. The segments are Services, Automation and Process Technologies.

Full view of Business reviews in Annual Review

Sustainability360° agenda

Sustainability is fully integrated into Valmet’s strategy and operations through the comprehensive Sustainability360° Agenda. In 2024, we continued to progress on all of the main topics in our Agenda and undertook consistent actions in our Climate Program. We accelerated engagement with our suppliers and customers to collaborate on joint sustainability targets.

Valmet's progress on sustainability