Cargotec Corporation (0MGH) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to HIEP's second quarter 2025 earnings call. My name is Aki Vesikallio. I'm from HIEP's investor relations. Our excellent performance continued, resulting in a strong first half of the year. Today's results will be presented by our CEO, Scott Phillips, and with our CFO, Mikko Puolakka. We will be making forward-looking statements in the presentation, so please pay attention to the disclaimer. With that, I would like to hand over to you, Scott. Thank you, Aki. And good morning, everyone, from my side, and welcome to our second quarter earnings call. For the quarter, I'd say we had several highlights in the quarter, a couple of which I'd like to point out here on the opening slide. Our orders received increased versus the comparable period. I'll give a bit more color on that later in the presentation. Similarly, our comparable operating profit improved from a margin perspective. I'm really proud of the team for the great execution of our operational excellence pillar, which is the key driver behind the improved profitability despite the decline in sales. However, the good performance internally is a bit offset with the continued elevated market uncertainty due to the ongoing trade tensions and changes in trade policy. We will specify our outlook today. for the remainder of the year, and proud to report that with excellent work of colleagues that are current and former colleagues within Cargotech and Hayab. We've announced the closing of the sale of McGregor, which is expected on 31st of this month. All right. Let's see if I can get the technology to work here. Apologies for that, everybody. So I'd like to start off the group presentation by highlighting a few of the key investments we have made in the quarter as we continue to execute on our strategy. First, mo...