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Metso Oyj (MXTOF) CEO Pekka Vauramo on Q4 2018 Results - Earnings Call Transcript

Feb. 06, 2019 2:40 PM ETNeles Oyj (MXTOF)
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Metso Oyj (OTCPK:MXTOF) Q4 2018 Earnings Conference Call February 6, 2019 6:00 AM ET

Company Participants

Juha Rouhiainen - VP, IR

Pekka Vauramo - CEO & President

Eeva Sipilä - CFO & Deputy to CEO

Conference Call Participants

Klas Bergelind - Citigroup

Max Yates - Crédit Suisse

Omid Vaziri - Jefferies

Markus Almerud - Kepler Cheuvreux

Andrew Wilson - JPMorgan Chase & Co.

Antti Suttelin - Danske Bank

Robert Davies - Morgan Stanley

Tanuj Agrawal - Barclays Bank

Manu Rimpelä - Nordea Markets

Jonathan Hanks - Goldman Sachs Group

Magnus Kruber - UBS Investment Bank

Juha Rouhiainen

Good afternoon or good morning, ladies and gentlemen. This is Juha from Metso's Investor Relations, and I want to welcome you all to this conference call, where we discuss our fourth quarter and full year 2018 results. Results will be presented by our President and CEO, Pekka Vauramo; and CFO, Eeva Sipilä, and after their presentation, we will have a Q&A session.

Before we begin, a couple of things. First of all, we have the disclaimer on the second page of our presentation, and we'll be discussing and using forward-looking statements during this event. And another thing is that we try to wrap up this conference call in 60 minutes. So please keep that in mind when asking questions.

With these remarks, we are ready to begin. And I'll be handing over to Pekka. Please go ahead.

Pekka Vauramo

Okay. Thank you, Juha, and good afternoon to all of you. Yes, really happy to present our result for quarter four and for full year 2018. We enjoyed, of course, healthy, strong market activity throughout the year, I would say, and that was the case also during the Q4. And this is visible in our numbers, very strong growth in orders, sales and strong improvement in profitability as well. We've also started the acquisitions. And during the Q4, we closed two

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