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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Q3 2019 Konecranes Abp Earnings Call Transcript

Oct 24, 2019 / 08:00AM GMT
Release Date Price: $30.7
Eero Tuulos
Konecranes Plc - VP of IR

Good morning, ladies and gentlemen, and welcome to the Third Quarter 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 Teo Ottola, CFO and Interim CEO of Konecranes. Teo will present you the financial performance of the company in the third quarter, and then we'll have a Q&A session following that.

And now, Teo, the stage is all yours.

Teo Ottola
Konecranes Plc - CFO, Interim CEO, President & Member of Executive Board

Thank you, Eero. And let's jump directly into the third quarter '19 highlights. It was a mixed performance for the third quarter for us. On the one hand, we made good progress with our service growth strategy. Our service agreement base grew with comparable currencies more than 6%. Also, we came back to the growth path in service order intake with a growth of 3.6% with comparable currencies. When we otherwise take a look at the order intake on a group level, so like I said, service order intake grew.

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