Valmet - Half Year Financial Review: January - June 2017

Play	Financial review
	Pasi Laine President & CEO Kari Saarinen CFO
	Presentation
	Questions and answers
	1. What was the impact of the accounting change [revenue recognition] in Q1 and Q2? a. How have you performed in the cost savings measures? b. Will the mix have an impact on H2 margin as there will be more net sales from the project business? c. When will the Services orders start to show in net sales?
	2. What was the accounting change and when did it take place? a. Can you repeat what the impact was? b. How are you proceeding with cost savings in procurement and quality? c. Are you disappointed with Services’ Q2 orders and net sales? d. Any chance of improvement in the Pulp market?

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