Q1 2022 Konecranes Abp Earnings Call Transcript
Good morning, everyone, and welcome to Konecranes' Q1 Earnings Conference. My name is Kiira Froberg, and I'm the Head of Investor Relations at Konecranes. Here with me, I have our Interim CEO and CFO, Teo Ottola.
Before we start, I would kindly note that this presentation contains forward-looking statements. Next, Teo will present to you our Q1 results. The presentation is followed by Q&A, as always. Teo, please, the stage is yours.
Thank you, Kiira. And let's go right into the Q1 '22 highlights. So the first quarter was a mixed one. We had excellent orders, record high order intake. Order intake was good actually across the business areas. At the same time, we had low sales volumes and declining profitability in an year-on-year comparison.
If we take a look at the profitability part first, adjusted EBITDA, 6.6%, a decline from 8% last year. When we take a look at this from the group number point of view, 6.6% comparison to 8%, actually, the
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