Valmet Corp (OHEL:VALMT)
€ 23.4 -0.3 (-1.27%) Market Cap: 4.31 Bil Enterprise Value: 5.36 Bil PE Ratio: 14.93 PB Ratio: 1.72 GF Score: 77/100
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Q2 2020 Valmet Oyj Earnings Call Transcript

Jul 23, 2020 / 01:00PM GMT
Release Date Price: €22.65 (-2.75%)
Pekka Rouhiainen
Valmet Oyj - Director of IR

Good afternoon, ladies and gentlemen, and welcome to Valmet's Q2 2020 Result Publication and Webcast. My name is Pekka Rouhiainen. I'm the Head of Investor Relations here at Valmet, and with me today are Pasi Laine, President and CEO; as well as Kari Saarinen, CFO. (Operator Instructions) Without further ado, Pasi, please go ahead.

Pasi Kalevi Laine
Valmet Oyj - President & CEO

Thank you, Pekka. So welcome. So our headline is today, orders received decreased to EUR 826 million and comparable EBITA increased to EUR 76 million in the second quarter. So what I will go through today is first number on the quarter in brief, development of the business lines, a couple of words about the share acquisition in Neles. Kari will go through the financial development, and I'll come back with the guidance and short-term market outlook.

First, quarter 2 2020 in brief. So our orders received decreased in stable business to EUR 426 million. In capital business, orders received decreased to EUR 416 million. Net sales

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