Cargotec Corporation (0MGH) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to HIEP's third quarter 2025 results call. My name is Haki Vesikallio. I'm from the investor relations. Today's results will be presented by CEO Scott Phillips and CFO Mikko Puolakko. And as a reminder, please pay attention to the disclaimer in the presentation as we will be making forward-looking statements. HIEP's Q3 profitability was affected by lower sales in the US. Our orders decreased slightly. Comparable operating profit margin decreased to 11.4% due to lower sales in the US, which was caused by elevated market uncertainty due to increased trade tensions. However, our services business continued to grow. Sale of McGregor was closed on 31st of July, and the business is now separated from the company. Let's then view today's agenda. First, Scott will present the group-level topics. Mikko will go through reporting segments, finance sales in more detail, and the outlook. After Mikko, Scott will join the stage for key takeaways before the Q&A session. With that, over to you, Scott. Thank you, Aki. And greetings, everyone, from my side. I will start with a few highlights looking towards executing on our strategy of profitable growth for the future. First, I am pleased to share with you that we announced a partnership with Fortera to further develop automated solutions for our load handling systems business. So really exciting development there. Next, we launched a new 3.5-ton truck-mounted forklift for the EU, which will enable our Moffett branded solutions to be the clear industry leader in this size class of delivery solutions. And I would also like to highlight that we announced the launch of the smartest cable hoist solution in the U.S. market under our Golf App brand, so really proud of the work the teams have done on both sides of the Atlantic there. ...