Valmet Oyj (VOYJF) Q1 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Valmet Corp.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:01.594 Good 00:00:01.594 -- 00:00:06.944 morning and welcome to Valmet's first quarter 2025 result publication 00:00:06.944 -- 00:00:12.074 webcast. Valmet's year started strongly in services and automation segments 00:00:12.074 -- 00:00:17.092 while the market conditions remained subdued in the process technology segment. 00:00:17.092 -- 00:00:22.622 I'm Pekka Rouhenen from IR, and with me today are Tomas Hindesku, president and CEO, 00:00:22.622 -- 00:00:27.630 as well as Katri Hokkanen, CFO. Today, Tomas will first go 00:00:27.630 -- 00:00:33.240 through the highlights of the quarter and provide an update on the strategy renewal process. 00:00:33.240 -- 00:00:37.227 After that, Katri will go through the financial development in more detail, also from 00:00:37.227 -- 00:00:41.434 the segment perspective, and Tomas will then conclude on the guidance and short-term 00:00:41.434 -- 00:00:44.926 market outlook. With that, I hand over to the presenters. 00:00:44.926 -- 00:00:46.731 Thomas, the floor is yours. 00:00:46.731 -- 00:00:48.857 Thank you, Pekka. 00:00:48.857 -- 00:00:53.369 I'm very happy to be here. Great to start the year in a good way. 00:00:53.369 -- 00:00:56.653 Let's start looking at Q1. 00:00:58.148 -- 00:01:02.113 Overall, orders received increased to 1.3 billion. 00:01:02.113 -- 00:01:06.079 Particularly pleased to see the performance in our stable business, and we'll come back 00:01:06.079 -- 00:01:08.822 to that several times during the presentation. 00:01:08.822 -- 00:01:14.169 Overall, also, order backlog amount to 4.6 billion, a bit higher than at the 00:01:14.169 -- 00:01:18.668 end of Q4, which, of course, is a positive development that we are happy about. 00:01:18.668 -- 00:01:24.718 Net sales were flat year over y...