Cargotec Corporation (0MGH) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.075 Welcome to HIEP's third quarter 2025 00:00:03.075 -- 00:00:08.841 results call. My name is Haki Vesikallio. I'm from the investor relations. 00:00:08.841 -- 00:00:13.887 Today's results will be presented by CEO Scott Phillips and CFO Mikko 00:00:13.887 -- 00:00:15.409 Puolakko. 00:00:15.409 -- 00:00:17.712 And as a reminder, please 00:00:17.712 -- 00:00:22.037 pay attention to the disclaimer in the presentation as we will be making forward-looking 00:00:22.037 -- 00:00:24.019 statements. 00:00:24.019 -- 00:00:29.596 HIEP's Q3 profitability was affected by lower sales in the US. 00:00:29.596 -- 00:00:34.664 Our orders decreased slightly. Comparable operating profit margin decreased to 00:00:34.664 -- 00:00:39.891 11.4% due to lower sales in the US, which was caused by elevated 00:00:39.891 -- 00:00:43.877 market uncertainty due to increased trade tensions. 00:00:43.877 -- 00:00:47.903 However, our services business continued to grow. 00:00:47.903 -- 00:00:53.292 Sale of McGregor was closed on 31st of July, and the business is now separated 00:00:53.292 -- 00:00:55.612 from the company. 00:00:55.635 -- 00:00:59.097 Let's then view today's agenda. 00:01:00.022 -- 00:01:03.946 First, Scott will present the group-level topics. 00:01:03.946 -- 00:01:09.271 Mikko will go through reporting segments, finance sales in more detail, 00:01:09.271 -- 00:01:11.514 and the outlook. 00:01:11.514 -- 00:01:18.121 After Mikko, Scott will join the stage for key takeaways before the Q&A session. 00:01:18.121 -- 00:01:20.984 With that, over to you, Scott. 00:01:20.984 -- 00:01:23.346 Thank you, Aki. 00:01:23.346 -- 00:01:26.262 And greetings, everyone, from my side. 00:01:26.262 -- 00:01:31.391 I will start with a few highlights looking towards executing...