Konecranes Plc Ord (KNCRF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, all, and welcome to follow Conecranes' Q1 2026 results webcast. Apologies for the small delay. We had some technical issues here at the studio. My name is Linda Häkkilä. I'm the head of investor relations here at Conecranes, and with me today as our main speakers, we have our president and CEO, Marko Tulokas, and our CFO, Teo Ottola. Before we continue, I would like to remind you about the disclaimer, as we might be making forward-looking statements. As usual, we will first start with our presentations, both from the CEO and CFO, and after that, we're happy to answer your questions through the conference call lines. But now, without any further comments, I would like to hand over to our CEO. Thank you, Linda, and good afternoon, everybody. Good afternoon. I'd like to start by describing the first quarter operating environment and some of the key parameters to this first quarter. First of all, as we all have obviously seen, that there's quite a lot of geopolitical uncertainty, and this first quarter, it of course continued in the form of the conflict in the Middle East. This has created some uncertainty and apprehension amongst our customers, but also some supply chain discrepancies. But what we are very happy about, and what I'm very happy about, is that we managed to end the quarter with very good orders. If we look at our demand environment in general, there are many segments that held very, very well, but others also slowed, and the same is valid for the different regions and business areas. What I'm particularly happy about is that our relative profitability held very well, improved and actually was the first, the best quarter one ever in ConnectGrain's history, despite the lower volumes of this first quarter. So that really speaks for ConnectGrain's team'...