Q1 2021 Cargotec Corp Earnings Call Transcript
Good afternoon, ladies and gentlemen, and welcome to Cargotec's First Quarter 2021 Results Call. Please pay attention to the disclaimer in the presentation. Just a kind reminder that we cannot discuss any merger-related topics in this presentation due to the U.S. securities laws. Cargotec's first quarter orders were strong. Orders received increased by 43%, and also our profitability improved. Service orders received increased by 11%. We also announced during the first quarter that we agreed to sell our Navis software business for a enterprise value of EUR 380 million. The transaction is expected to be completed by the end of third quarter this year.
Earlier today, we also announced our aim to reduce CO2 emissions in our value chain by 1 million tonnes by 2024. Today, the earnings will be presented by our CEO, Mika Vehvilainen; and CFO, Mikko Puolakka. We will first go through Q1 -- first quarter '21 highlights, followed by market environment and group-level development. Then our CFO, Mikko Puolakka, will go through the business areas, finances and the outlook.
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