Metso Oyj (OUKPY) Q2 2026 Earnings Call Transcript

Metso Oyj Q2 2026 Earnings Call July 24, 2026 6:00 AM EDT

Good afternoon, and good morning, everyone. This is Juha from Metso's Investor Relations, and it's my pleasure to welcome you to this conference call where we review our second quarter '26 results. We'll begin with the presentation given by our CEO, Sami Takaluoma; and CFO, Pasi Kyckling, after which we'll be taking your questions. And as a reminder, the length of this call is 60 minutes, and we will be making some forward-looking statements, and that's why we have the disclaimer in the presentation deck. But with these short remarks, let's kick off, and I'll be handing over to Sami. Please go ahead.

Thank you, Juha. Good afternoon, good morning also from my behalf. The key message today is that the second quarter was a strong quarter for Metso. Orders, sales, profitability all improved year-on-year, and our cash generation also strengthened. The strongest momentum was in Minerals, where customer activity remained healthy across both equipment and aftermarket. First, I will summarize the Q2 performance and the main business drivers. Then I will touch our strategy execution and market outlook. After that, CFO, Pasi Kyckling, will cover the financials, cash flow, balance sheet and the segments. Finally, we will then move to the