Cargotec Corporation (0MGH) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to High App's First Quarter twenty twenty six Results Call. My name is Aki Vesikalio. I'm from the Investor Relations team. Today's results will be presented by CEO, Scott Phillips and CFO, Mikko Puarlakka. As a reminder, please pay attention to the disclaimer in the presentation as we will be making forward looking statements. Before handing over to Scott and Micko, let's take a look at the highlights of the quarter. Book to bill was positive in all three geographical areas. Our sales were still impacted by low order intake in The U. S. During the previous three quarters. However, our comparable operating profit margin increased sequentially to 13.5%, and we continued to deliver strong cash flow. The new operating model announced in January was successfully implemented in the beginning of April. We also specified our outlook for full year comparable operating profit margin from above 13% to above 13.5 Let's then view today's agenda. First, Scott will present the group level topics. Mikko will go through reporting segments, financials in more detail and the outlook. After Mikko, Scott will join the stage for key takeaways before the Q and A session. With that, over to you, Scott. Thank you, Aki. And greetings, everyone, and a warm welcome to our first earnings report for 2026. I would like to start out sharing three developments highlighting our execution of our profitable growth strategy. So during the third quarter earnings report, as you'll recall, we shared our plans to reduce our costs by EUR 20,000,000 within this year as a result of the increased uncertainty that has led to a more challenging demand environment in The U. S. As well as the overall development of the order backlog. Consequently, we have announced plans during the quarter to evolve our or...