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Konecranes Plc (KNCRF) CEO Richard Smith on Q2 2021 Results - Earnings Call Transcript

Aug. 01, 2021 4:24 AM ETKonecranes Plc (KNCRF), KNCRY
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Konecranes Plc (OTCPK:KNCRF) Q2 2021 Earnings Conference Call July 28, 2021 3:30 AM ET

Company Participants

Kiira Froberg - VP, IR

Richard Smith - President & CEO

Teo Ottola - CFO & Deputy CEO

Conference Call Participants

Artem Tokarenko - Crédit Suisse

Magnus Kruber - UBS

Antti Suttelin - Danske Bank

Aurelio Tejedor - Morgan Stanley

Daniela Costa - Goldman Sachs Group

Antti Kansanen - SEB

Sebastian Growe - Commerzbank

Kiira Froberg

Good morning, and welcome to Konecranes Q2 earnings conference. My name is Kiira Froberg, and I'm the Head of Investor Relations at Konecranes. Here with me today, I have our President and CEO, Rob Smith; and our CFO, Teo Ottola.

Before we start, I would kindly remind you about our practice. This conference is to discuss Konecranes Q2 earnings. Securities laws in the United States and in some other jurisdictions restrict us from discussing or disclosing information on the contemplated merger with Cargotec. Information regarding the merger can be found at www.sustainablematerialflow.com.

Until the completion of the merger, Konecranes and Cargotec will operate as separate and independent companies. Here's our today's agenda. Rob will start by reviewing our group level performance, after which they will continue with a more detailed walk-through on our three businesses. The presentation is followed by Q&A, as always. Please, Rob, the stage is yours.

Richard Smith

Thank you very much, Kiira. Ladies and gentlemen, thank you for coming, and welcome to our second quarter earnings conference. One point is a point and 2 points make a line. Three points define a trend. And the fourth point confirms the trend.

And it's actually the same thing in quarters. This morning, Konacranes reported our fourth consecutive quarter of record profitability, confirming our exciting trend. Solid sales growth and high performance across the whole company delivered that second quarter result

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