Konecranes Oyj (OHEL:KCR)
€ 52.6 -0.4 (-0.75%) Market Cap: 4.17 Bil Enterprise Value: 4.50 Bil PE Ratio: 14.96 PB Ratio: 2.73 GF Score: 79/100

Q3 2023 Konecranes Abp Earnings Call Transcript

Oct 25, 2023 / 08:30AM GMT
Release Date Price: €28.84 (-3.09%)
Kiira Froberg
Konecranes Plc - VP of IR

Good morning, everyone and welcome to Konecranes' earnings conference. My name is Kiira Froberg and I'm the Head of Investor Relations at Konecranes. Here with me today, I have our President and CEO, Anders Svensson; and our CFO, Teo Ottola. Before we start, the usual kind reminder, this presentation contains forward-looking statements. Next, Anders and Teo will walk you through our Q3 earnings. Anders will start by presenting the group results, after which Teo will focus on our business segments. The presentation is followed by Q&A, as always.

Please Anders, with that, the stage is yours.

Anders Svensson
Konecranes Plc - President & CEO

Thank you, Kiira, and a warm welcome also from my side to this webcast for the third quarter report of 2023 for Konecranes. We headlined the quarter as all-time high quarterly comparable EBITA margin. We had a strong performance in the third quarter. The demand environment remained good, despite the order decline. Orders declined 18.7% year-on-year in comparable

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