Q2 2024 Metso Oyj Earnings Call Transcript
Key Points
- Resilient margin development despite reduced sales levels.
- Improvement in cash flow, although still not fully satisfactory.
- Continued good cost management and finding synergies in aggregates area.
- Positive outlook for decision-making improvement in H2, especially in the minerals segment.
- Strong pipeline in minerals segment, with delayed customer decision-making expected to improve.
- Continued headwinds in orders for both segments, impacting sales.
- Significant decline in top line orders and sales, with orders down 14% and sales down 13%.
- North American Mobile Equipment market slowdown, particularly in destocking of dealer stocks.
- Lower order intake in minerals segment, with equipment orders down 34% and services down 6%.
- Challenges in achieving sustainability targets, particularly in logistics with a minus 8% reduction against a target of minus 20% by 2025.
Good afternoon. Good morning, everyone. This is Juha from Metso Investor Relations, and I want to welcome you all to this conference call where we discuss our second-quarter 2024 results, which were published earlier earlier this morning, we will start with a presentation by our President and CEO Pekka Vauramo; and CFO Eeva Sipilae. And after that, we will be taking your questions and we're trying to limit the length of this call to 60 minutes.
So please keep that in mind and tried to limit the number of the questions you'll be asking in the beginning of the presentation. We'll be discussing forward-looking statements. Please take that into account. And with these remarks, I'll be handing over to Pekka to start the presentation. Please go ahead.
Okay, thank you, and welcome to our second-quarter earnings call. If we start with the with the highlights of the of the quarter, first of all, we didn't
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