Valmet Oyj (OTCPK:VOYJF) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET

Company Participants

Pekka Rouhiainen – Head of Investor Relations
Thomas Hinnerskov – President and CEO
Katri Hokkanen – CFO

Conference Call Participants

Sven Weier – UBS
Antti Kansanen – SEB
Johan Eliason – Kepler Cheuvreux
Panu Laitinmaki – Danske Bank
Tomi Railo – DNB

Pekka Rouhiainen

Good afternoon, ladies and gentlemen, and welcome to Valmet’s Third Quarter 2024 Results Publication and Webcast. Valmet’s third quarter was characterized by the fact that the comparable EBITA margin was the highest for third quarter ever at 12%, but then the market activity was slower than expected.

My name is Pekka Rouhiainen. I’m the Head of IR here at Valmet. And in this conference call, we have a new representative, Valmet’s new President and CEO, Thomas Hinnerskov, who started in the mid-August. Welcome, Thomas.

Thomas Hinnerskov

Thank you.

Pekka Rouhiainen

And then, of course, CFO, Katri Hokkanen. The agenda today will be so that Thomas will first go through the third quarter results and brief, discuss about the development of the segments, discuss about the guidance and short-term market outlook, and Katri will then later present the financial development in more detail.

And after that, we will be opening the phone lines for Q&A. And this time, there’s also the possibility to ask questions through the online platform. So please also utilize that opportunity.

But with that, I hand over to you, Thomas.

Thomas Hinnerskov

Thank you very much, Pekka. Despite having lived in eight countries across three continents, it really feels like coming back home to this strong Finnish engineering company, which I worked for earlier as well, not the same one, but also a strong Finnish engineering company. So very happy to be here and feels very good.