Valmet tops STOXX on 1 bln euro order in Brazil
** Shares in Valmet VALMT.HE rise 10% after the Finnish engineering company got an order valued at around 1 billion euros ($1.1 billion) from a pulp mill in Brazil
** This compares with the 1.28 billion euros of total orders Valmet booked for Q2 2024
** Inderes analyst Antti Viljakainen say the order, which will be booked in Q4, will help Valmet cover fixed costs in the near term
** "The order was a surprise as we did not expect an investment decision on huge pulp projects yet this year," Viljakainen adds
** However, he warns that huge orders involve also significant risks
** Valmet's shares top Europe's benchmark STOXX 600 index .STOXX and are set for their best day since June if the gains hold
($1 = 0.8936 euros)
Reporting by Boleslaw Lasocki
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