Source - SMW
Metso said its third-quarter earnings fell after it took some charges related to cost overruns and write downs at mining projects.

Adjusted Ebitda fell to €43.0m from €77.2m, including €33.3m of charges. 

Adjusted Ebitda excluding the charges was still slightly lower at €76.3m.

Third-quarter order intake grew 30% but chief executive Nico Delvaux said the company's performance "was clearly not satisfactory". 

"Going forward, we will need to focus on our delivery capability and improve our operational excellence," he added.