Metso Oyj (OUKPF) Q1 2024 Earnings Call Transcript

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Metso Oyj (OTCPK:OUKPF) Q1 2024 Earnings Conference Call April 25, 2024 5:00 AM ET

Company Participants

Eeva Sipilä – Chief Financial Officer
Juha Rouhiainen – Investor Relations

Conference Call Participants

Elliott Robinson – Bank of America Securities
Chitrita Sinha – JP Morgan Securities
Klas Bergelind – Citigroup Global Markets
Max Yates – Morgan Stanley
Anders Idborg – ABG Sundal Collier
Christian Hinderaker – Goldman Sachs
Nick Housden – RBC Capital Markets
Vlad Sergievskii – Barclays
Mikael Doepel – Nordea
Erkki Vesola – Inderes

Juha Rouhiainen

All right. Good morning everyone. This is Juha from Metso’s Investor Relations. I want to welcome you all to this conference call where we discuss our first quarter 2024 results that were announced earlier this morning. As earlier announced this presentation will be held by our CFO, Eeva Sipilä, and this is due to some scheduling conflicts, nothing more dramatic than that.

Before we start the presentation, we have forward-looking statements that is good to remember. Also a reminder that we will have our Annual General Meeting of Shareholders after this call, so that’s why we try and limit the length of the call to 60 minutes. So, please ask questions, one or let’s say max two at a time so we can accommodate all the questions during the duration of the call.

Without further ado, I’ll hand it over to you Eeva.

Eeva Sipilä

Thank you, Juha. And good morning, good afternoon to all of you on my behalf. I’ll start with the highlights of the first quarter. Market activity was in line with our expectations and with what we guided in our market outlook in February. We saw the pickup in Aggregate activities. In Minerals, the activity levels were unchanged with equipment being somewhat muted, whereas aftermarket activity was healthy.

Operationally, it was a

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