Metso Oyj (MXCYY.PK) Q2 2010 Earnings Call Transcript July 29, 2010 8:00 am ET Executives Johanna Henttonen – VP, IR Jorma Eloranta – President and CEO Olli Vaartimo – EVP and CFO Analysts Erkki Vesola – Swedbank Markets Jan Kaijala – Nordea Markets Tomi Railo – Enskilda Securities Ben Maslen – Merrill Lynch Irene Bermont – UBS Johan Eliason – CA Cheuvreux Andreas Willi – JP Morgan Sasu Ristimaki – Carnegie Investment Bank Kenneth Leiling – Danske Markets PresentationJohanna Henttonen
Good afternoon ladies and gentlemen, and welcome to Metso Corporation’s second quarter report web cast. My name is Johanna Henttonen. I am heading Metso’s Investor Relations. Today we will start with a short presentation by our CEO and President, Jorma Eloranta, and after that we will continue with Q&A session together with our CFO, Olli Vaartimo, also present. But before we start, I would like to remind you that certain information we will be discussing today is forward-looking, and thus include uncertainties that may cause our actual results to differ from our current expectations as of today. But Jorma, please, the floor is yours. Jorma Eloranta Thank you Johanna, and very good afternoon to everybody. Second-quarter key takeaways at least for me was the very strong order intake, secondly also the whole key financial figures improved, and thirdly, based on the positive mood in the market in the first half of this year’s development, we have given a bit more precise guidance on net sales for this year. So let us take a bit more closer look at those figures and performance during the second quarter. So during the second quarter this year, overall positive tone in the global economy continued despite certain concerns over the budget deficit in some European countries, including my own country Finland. The recovery of demand remained in most of our customer industries, especially in the emerging markets. We all are at Metso naturally very happy for our key financial figures improved, not only when comparing the second quarter last year, but also from the first quarter this year.