Kone Oyj Q2 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Andrew J. Wilson - JPMorgan Chase & Co, Research Division - Analyst : I think it's a bit of a follow-on from Alex's question previously, actually. I'm just trying to get a sense of -- I think when we've talked before about the expectation on the second half in China, it's been -- we expected, I guess, the market conditions to improve. And obviously, I'm interested in an update on how you're thinking about that. Now clearly, it's going to improve on Q2, which is heavily impacted by lockdowns. But when you think about what the government has or hasn't done with regards to policy and how that's, I guess, impacting activity on the ground, can you just give us a sense of sort of if what you've seen from a policy perspective and I guess, from the customer indications perspective that you're as confident around that recovery as you were previously? I appreciate that's quite a general question. But just really trying to get a sense on your confidence around that improving at least order number, I think, probably for China.

Question: Andrew J. Wilson - JPMorgan Chase & Co, Research Division - Analyst : And just as a follow-up, and I appreciate it's a slightly different area. But maybe just looking for a little bit of help on some of the margin drivers. Kind of talked a couple of times around the lowering product costs and some of the actions around productivity. I don't know if you could help us try and quantify some of the potential benefits. I appreciate you've often got to isolate these, but just to guess give us a bit more confidence in terms of the help on the margin for the second half versus -- and I guess, into '23 as well, please?