Valmet - Financial Statements: 2016

Play	Financial Statements
	Pasi Laine President & CEO Kari Saarinen CFO
	Presentation
	Questions and answers
	1. What were the reasons for margin improvement (excluding the one-off)? a. Services net sales were not in line with order development. Why? b. Why is your guidance for net sales flat despite the strong order backlog?
	2. There were many unannounced orders. Have you changed your publication policy for orders received? a. How did you proceed with the savings program in quality and procurement costs?
	3. Can you comment on pricing development? a. How is the margin of the order backlog?
	4. What generated the EUR 17 million loss, was there something special in the project?
	5. Why did your trade receivables go up despite flat net sales?

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