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    Klas Bergelind

    Managing Director and Senior Equity Research Analyst at Citigroup Inc.

    Klas Bergelind is a Managing Director and Senior Equity Research Analyst at Citigroup Inc., specializing in European Industrial and Capital Goods sectors with a particular focus on companies such as Siemens, ABB, Schneider Electric, Volvo, and Atlas Copco. Bergelind is widely recognized for his data-driven approach and in-depth industry knowledge, achieving consistent top-tier analyst rankings, including high placements in surveys such as Institutional Investor's All-Europe Research Team and strong performance metrics noted on platforms like TipRanks. He began his equity research career at J.P. Morgan before joining Citi in 2015, steadily advancing to his current senior role where he drives actionable investment insights and supervises research teams. Bergelind is FINRA registered and holds key securities licenses, underscoring both his regulatory compliance and professional standing.

    Klas Bergelind's questions to Outotec (OUKPY) leadership

    Klas Bergelind's questions to Outotec (OUKPY) leadership • Q1 2025

    Question

    Klas Bergelind of Citigroup Inc. asked for clarification on potential order pushouts due to market volatility, the relative risk in Minerals versus Aggregates, the trend in Minerals service orders, and the state of dealer inventories in the Aggregates segment.

    Answer

    Sami Takaluoma, President and CEO, clarified that no order pushbacks have occurred, though U.S. mining customers may face delays recalculating project costs. He noted Aggregates appears less affected. For Minerals services, he attributed lower Q1 sales to a lack of upgrade orders in mid-2024, while underlying demand remains solid. He also confirmed a healthy decrease in North American distributor inventories, signaling strong end-customer demand.

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    Klas Bergelind's questions to Outotec (OUKPY) leadership • Q1 2024

    Question

    Klas Bergelind asked about the near-term order trend and geographic developments in Aggregates, the drivers behind strong Minerals service orders, and whether there was a price-cost normalization in the Aggregates margin.

    Answer

    CFO Eeva Sipilä noted that while the Aggregates market is healthier, it remains below last year's levels, with North America being the strongest region and Europe the weakest. She attributed strong Minerals service orders to customers' focus on production amid higher metal prices and confirmed that disciplined price and cost management supported the Aggregates margin.

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    Klas Bergelind's questions to Outotec (OUKPY) leadership • Q1 2024

    Question

    Klas Bergelind from Citigroup asked about the near-term order trend for Aggregates, geographic developments, the drivers behind strong Minerals service orders, and the margin performance in Aggregates considering under-absorption.

    Answer

    CFO Eeva Sipilä noted that while comparisons get easier, the Aggregates market remains below last year's levels, with North America being the strongest market and Europe the weakest. She attributed strong Minerals service orders to customers' focus on production amid higher metal prices. For Aggregates margins, she credited tight cost management and pricing discipline for compensating for lower volumes and operational leverage.

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