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Valmet's Annual Report for 2024

On February 27, 2025, Valmet, a leading global provider of process technologies, announced the publication of its Annual Report for 2024. This comprehensive report, accessible on Valmet's official website, encompasses crucial insights into the company's operations, strategic initiatives, and commitment to sustainability. The annual report is divided into two main sections: the Annual Review and the Financial Statements along with the Report of the Board of Directors.

Detailed Overview of the Annual Review

The Annual Review presents a thorough examination of Valmet's operations for the year. The report details the company's strategic direction, evaluates the market environment, and emphasizes its sustainability efforts. By aligning with the EU's Corporate Sustainability Reporting Directive (CSRD), Valmet showcases its dedication to transparency regarding its sustainability practices.

Financial Performance Highlights

Accompanying the Annual Review, the Financial Statements provide critical data on Valmet's financial performance throughout 2024. In a testament to its robust business model, Valmet reported net sales of approximately EUR 5.4 billion. This figure represents a significant achievement, affirming the company's position as a leader in the pulp, paper, and energy industries. The data suggests not only resilience in challenging markets but also a continued path of growth and innovation.

Governance and Remuneration Reports

In addition to its financial disclosures, Valmet published the Corporate Governance Statement and the Remuneration Report for 2024. These documents adhere to the Finnish Corporate Governance Code, ensuring that the company's governance practices are transparent and accountable. The Remuneration Report outlines the compensation policies in place for the leadership team and aligns with best practices in corporate governance.

Green Finance Commitment

A noteworthy aspect of this year's report is the Green Finance Report, which highlights Valmet's commitment to environmentally sustainable practices. The report delves into the allocation and impact of proceeds from green debt transactions, emphasizing how the funds contribute to sustainable projects within the company. Valmet remains committed to integrating sustainable practices into its operations, which aligns with the broader global trend towards environmentally responsible business practices.

Independent Assurance and Reporting

Valmet’s sustainability initiatives have been scrutinized by independent auditors PricewaterhouseCoopers Oy, who provided a limited assurance report on the Sustainability Statement included in the Financial Statements. This third-party validation enhances the credibility of Valmet's sustainability claims and demonstrates its dedication to maintaining high standards in corporate responsibility.

Access to Reports

All of these essential reports—The Annual Review, Financial Statements, Corporate Governance Statement, Remuneration Report, and Green Finance Report—can be accessed at Valmet’s website. These documents are crucial for stakeholders, investors, and anyone interested in understanding Valmet's business trajectory and commitment to sustainability.

Conclusion

Valmet's 2024 Annual Report serves not only as a historical record of its performance but also as a roadmap for future endeavors. The company's focus on sustainability, transparent governance, and strong financials illustrates its readiness to meet the challenges of the future. With a dedicated workforce of over 19,000 professionals worldwide, Valmet continues to innovate and improve its services, ensuring a promising outlook for both the company and its stakeholders.