Kone Oyj B (KNYJF) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.382 Good morning, everyone, and welcome to Kone's third quarter result webcast. 00:00:04.382 -- 00:00:08.253 My name is Natalia Valkisari. I head up the IR function here at Kone, and I'm very pleased 00:00:08.253 -- 00:00:10.819 to be joined by our president and CEO, Philippe Delon. 00:00:10.819 -- 00:00:11.702 Good morning, everyone. 00:00:11.702 -- 00:00:16.780 And our CFO, Ilkara. As usual, we'll start by walking you through the financial highlights 00:00:16.780 -- 00:00:20.405 of the quarter, what we're seeing in the business, and what we're seeing in the markets. 00:00:20.405 -- 00:00:24.851 Then we'll move on to your questions. And I would like to ask you already at this time 00:00:24.851 -- 00:00:28.776 that during the questions and answers session, please limit yourself to one question, 00:00:28.776 -- 00:00:32.181 one follow-up. And if you have anything else, you can feel free to hop back into the 00:00:32.181 -- 00:00:35.185 queue. But with that, over to you, Philippe. 00:00:35.185 -- 00:00:39.046 Thank you. Thank you, Natalia, and good morning, everyone. 00:00:39.046 -- 00:00:43.834 I'm very pleased to be presenting our third quarter results today, and let me start by 00:00:43.834 -- 00:00:47.741 saying that Q3 was in many ways a strong quarter. 00:00:47.741 -- 00:00:50.486 Order development was, of course, a key highlight. 00:00:50.486 -- 00:00:55.735 Nearly 8% growth is an excellent achievement, and I'm happy that growth 00:00:55.735 -- 00:00:57.980 was broad-based. 00:00:57.980 -- 00:01:03.788 We delivered again on our target to consistently improve profitability 00:01:03.788 -- 00:01:09.075 towards our mid-term margin corridor. Not only did we grow earnings, but we also 00:01:09.075 -- 00:01:13.261 had healthy cash conve...