Q3 2020 Valmet Oyj Earnings Call Transcript
Ladies and gentlemen, welcome to Valmet's Q3 2020 result publication webcast.
Valmet's orders during the third quarter decreased, but the comparable EBITA was one of the best for Valmet. My name is Pekka Rouhiainen. I'm the Head of Investor Relations here at Valmet. And with me today are Pasi Laine, Valmet's President and CEO; as well as Kari Saarinen, CFO. We will start with presentations. And after the presentation, you will have the chance to ask questions over the phone lines.
But without further ado, Pasi, please go ahead.
Thank you, Pekka. So Valmet's orders received decreased to EUR 700 million and comparable EBITA increased to EUR 91 million in the third quarter.
So today, I will talk briefly about quarter 3, then development of business lines, then some words about Neles and PMP Group. Financial development will be presented by Kari, and then I'll come back to guidance and short-term market outlook.
So first, quarter
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