Valmet - Interim Review: January - September 2019
Program
Valmet - Interim Review: January - September 2019
Play |
Interim Review |
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Pasi Laine President & CEO
Kari Saarinen CFO |
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Presentation |
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Questions and answers |
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1. Manu Rimpelä, Nordea: What are the reasons for EBITA margin improvement? a. Are the margins of incoming orders still improving? b. Has the execution improved? c. Why would you not be able to deliver as strong Q4 margin as last year? d. Does the slower Services order intake concern you? How will it develop going forward? |
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2. Antti Suttelin, Danske: Is the unannounced pulp order one of the those that have been publicly discussed earlier? a. Are you still more conservative than Andritz what comes to pulp project outlook? b. Is there still room to lift the margin targets, or is 10% as high as it can get in this industry? |
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3. Robert Davies, Morgan Stanley: Where did the Automation order growth come from? Was it due to packaged deals? a. Level of paper and pulp orders in 2020, do you see any impact of lower pulp prices etc? b. In Automation, which process industries have you been most successful in (outside pulp and paper)? |
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4. Tomi Railo, DNB: Where did the margin improvement come from in capital business? a. Scrubber outlook? |
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5. Tom Skogman, Carnegie: How is your performance in scrubber deliveries and installments? a. Services growth since Valmet’s demerger, where has it come from? b. Is the Lenzing project interesting for you? Timing? |
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6. Antti Kansanen, SEB: Is the margin in Paper backlog weaker than in the orders where revenue has now been recognized? a. What has surprised you in paper, your hit ratio or the market activity? b. Why do you win the big paper orders? c. How do you book the revenues from scrubbers? d. How is the profitability of scrubbers? |
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