Konecranes Oyj (OTCPK:KNCRF)
$ 64.7 0 (0%) Market Cap: 5.09 Bil Enterprise Value: 5.35 Bil PE Ratio: 13.78 PB Ratio: 2.82 GF Score: 78/100
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Q2 2019 Konecranes Abp Earnings Call Transcript

Jul 25, 2019 / 08:00AM GMT
Release Date Price: $35.79
Eero Tuulos
Konecranes Plc - VP of IR

Ladies and gentlemen, good morning, and welcome to the Second Quarter and Half Year 2019 Analyst and Press Conference of Konecranes. My name is Eero Tuulos, and I'm the Head of Investor Relations at Konecranes. I'm here with Panu Routila, the President and CEO of Konecranes. As usual, Panu will focus on the group level highlights; and then Teo Ottola, our Chief Financial Officer, will follow with more detailed discussion on our business area performance of the quarter.

But now Panu, the floor is yours.

Panu Routila
Konecranes Plc - President, CEO & Member of the Group Executive Board

Thank you, Eero. I'm pleased [that you] remembered my title and my name. Thank you. So good morning, everybody. The second quarter marked a key milestone in the integration of Terex MHPS. We reached the target of EUR 140 million in run rate cost synergies, 6 months ahead of our original plan. Despite completing the synergy savings program, which started at the beginning of 2017, we continued to drive further efficiency

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