Metso`s restated financial information for 2017 (IFRS 15 and Flow Control`s services business)
(WorldNews Finland)

Metso`s restated financial information for 2017 (IFRS 15 and Flow Control`s services business) Metso Corporation, stock exchange release, April 16, 2018 at 9:45 a.m. EEST As of January 1, 2018, Metso has adopted the IFRS 15 Revenue from Contracts with Customers standard by using the full retrospective method. The Interim Review for January-March 2018 will be published according to the new standard, and the comparison period for 2017 will be restated accordingly. Under IFRS 15, reported sales is reduced by the amount of late delivery penalties, which up until now have been expensed. Accordingly, cost of goods sold (COGS) is affected...