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

Q3 2021 Cargotec Corp Earnings Call Transcript

Oct 28, 2021 / 12:00PM GMT
Release Date Price: $27.1
Aki Vesikallio
Cargotec Corporation - IR Director

Welcome to Cargotec's Third Quarter 2021 Results Call. My name is Aki Vesikallio. I'm from Cargotec's Investor Relations.

Please note that today, we are not allowed to discuss any topics related to the Konecranes merger due to the Securities Laws, for example, in the United States. The results will be today presented by our CEO, Mika Vehvilainen, and our CFO, Mikko Puolakka. The presentation will be followed by a Q&A session.

With that, I'll hand over to Mika.

Mika Vehvilainen
Cargotec Corporation - CEO & President

Thank you, Aki. Good afternoon from my side as well, and thank you for joining the Cargotec Q3 2021 Call. The robust demand in our business has continued through the Q3 as well, and we recorded nearly EUR 1 billion of orders, one of the highest quarters in Cargotec history.

Service orders also developed the service business overall very well with the service orders increasing by 18%. The longer delivery times are very visible really driven by the global

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