OUKPY - Metso Oyj (OUKPF) Q4 2023 Earnings Call Transcript
2024-02-16 13:32:11 ET
Metso Oyj (OUKPF)
Q4 2023 Earnings Conference Call
February 16, 2024 06:00 ET
Company Participants
Juha Rouhiainen - Investor Relations
Pekka Vauramo - President and Chief Executive Officer
Eeva Sipilä - Chief Financial Officer
Conference Call Participants
Christian Hinderaker - Goldman Sachs
Max Yates - Morgan Stanley
William Mackie - Kepler Cheuvreux
Andreas Koski - Exane BNP Paribas
Panu Laitinmaki - Danske Bank
Antti Kansanen - SEB
Vlad Sergievskiy - Barclays
Erkki Vesola - Inderes
Elliott Robinson - Bank of America
Presentation
Juha Rouhiainen
Good afternoon and good morning everyone. This is Juha from Metso’s IR, and I want to welcome you all to this conference call where we discuss our fourth quarter and full year 2023 results, which were published earlier this morning. Results will be published by our President and CEO, Pekka Vauramo; and CFO, Eeva Sipilä. And after the presentation, we’ll open the lines for your questions.
Before we start, a request that you limit your questions to one or two per person in order for us to accommodate as many questions as possible because the duration of this call is planned to be 60 minutes. And as always, we are going to make forward-looking statements during this call, so that’s why we have the disclaimer in our presentation package.
With these words, we are ready to start. And I’ll be handing over to Pek. Please go ahead.
Pekka Vauramo
Okay. Thank you, Juha, and welcome. So I will start as usual say a few words about overall on a quarter, look at the group numbers, and then Eeva will go deeper into numbers, and then I’ll return with wrap up before Q&A. But the quarter – during the quarter, we saw really stable market activity as we guided. So basically no change from Q3 to Q4 in market activity. Services orders and services sales developed positively. We saw growth on those lines, and that is, of course, very positive development as such. Our EBITA margin continued to improve. Now the quarterly margin was 16.8% and if you recall, I mean, our revised financial target is to exceed 17% in the long run. And despite of the slowness – overall slowness in the market, we are taking steps towards the 17% as we speak....
Metso Oyj (OUKPF) Q4 2023 Earnings Call Transcript