Cargotec Oyj (GREY:CYJBY)

$ 41 0 (0%) Market Cap: 5.27 Bil Enterprise Value: 5.19 Bil PE Ratio: 14.30 PB Ratio: 2.80 GF Score: 69/100

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Q2 2019 Cargotec Oyj Earnings Call Transcript
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Q2 2019 Cargotec Oyj Earnings Call Transcript

Jul 18, 2019 / 12:00PM GMT

Release Date Price: $16.46

Transcript

Hanna;Maria Heikkinen

Cargotec Corporation - VP of IR

Good afternoon, ladies and gentlemen, and welcome to this news conference regarding Cargotec's Half Year 2019 Financial Result.

In Q2, we saw good progress in Kalmar and Hiab, but the quarter was difficult in MacGregor. Today, our CEO, Mika Vehvilainen, will start with the group highlights, then our CFO, Mikko Puolakka, will continue with the business areas and the financials and outlook. After their presentation, there is a possibility to ask questions.

Time to start, Mika.

Mika VehvilÃ;inen

Cargotec Corporation - CEO & President

¤ -

Thank you, Hanna-Maria, and good afternoon, and welcome from my behalf as well to the Cargotec 2019 Q2 Conference Call.

In Q2 2019, we saw our comparable operating profit increase by 12% to EUR 64 million. We saw the good momentum in orders received continuing in Hiab, and we see market softness in MacGregor business reflected in decline in order intake. The Q2 2018 was a very strong quarter for Kalmar and

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