Cargotec Corporation (0MGH) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to HIAP's first standalone earnings call. In the first quarter, our profitability improved, driven by strong execution in all divisions. My name is Aki Vesikallio. I'm from HIAP's investor relations. The results will be presented in more detail by our CEO, Scott Phillips, and the CFO, Mikko Puolakka. First, Scott will go through the group-level topics. Then Mikko will dive deeper into the reporting segments, equipment and services, as well as financials and outlook. After Mikko's presentation, Scott will return to the stage for the key takeaways of the quarter. After the presentation, there will be a Q&A session. With that, over to you, Scott. Thank you, Rocky. Good morning, everyone, from my side. In summarizing the quarter, I'd characterize it as Team HIAB delivered a strong start to the year. The team and our partner network continue to do a nice job of executing our strategic priorities around innovation, commercial, and supply chain excellence, and delivering our services and segment growth plans, all of which enabled HIAB to deliver strong results across all key KPIs. With the growing trade and geopolitical tensions, the level of market uncertainty is much greater versus the comparable period. And consequently, our outlook for profitability remains unchanged for the year. And we'll come back to that point later. So moving to group level topics, The end of the quarter marked the end of the formal program to restructure Cargotech into three separate companies due to the excellent work from our former group colleagues and many of our fellow hirbers around the world. And as a consequence, we started the second quarter as a new member of the NASDAQ Helsinki. With our focus on value creation first, customers next, we continue to be able to invest in different...