The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Andrew J. Wilson - JP Morgan Chase & Co, Research Division - Analyst
: I just wanted to ask a little bit around the cost savings and see if you might give us a little bit of help in terms of thinking of the shape coming into
the numbers. I mean is it fair to assume that we should see basically an increasing contribution Q4, Q1 and then as we get into the full run rate for
next year? And if that's right, maybe you could help us a little bit on the phasing.
Question: Andrew J. Wilson - JP Morgan Chase & Co, Research Division - Analyst
: I'll certainly try. In terms of -- just a follow-up to that. Just thinking more, I guess, bigger picture about how these plans have come into place. As I
understand it, each of the businesses are kind of given a remit to come forward with their own cost savings and their plans of how to react to the
demand. I mean are the businesses still -- I mean a, has that taken hold and are the businesses coming up with their own plans individually? And
secondly, if potentially we do see a further decline in volumes, and maybe if we focus on SMS because it's easier, are there further levers for the
guys at the business level to pull? And are they presenting you with what we would do next if we do see a further deterioration?
Question: Andrew J. Wilson - JP Morgan Chase & Co, Research Division - Analyst
: Understood. And maybe if I can just squeeze in a quick one on the Mining side. Just if we think about the aftermarket, I think from the release, you
talked about it growing kind of mid-single digits still. And it feels that sort of every quarter, we just get sustained good news on the aftermarket
side. I mean I guess, is there any reason for us to think that, that would change? I mean clearly, a lot of it is based on production in the market, but
a lot of it also feels like it's still the benefits of some of the changes you made when you came into the group. I mean if we sort of run forward, does
that kind of mid-single-digit growth -- is that still a sensible place for us to be modeling?
Question: Andreas Juhani Koski - Nordea Markets, Research Division - Analyst
: I have 2 questions. The first one is on Sandvik Mining and Rock Technology. It's related to automated machine, comparing to nonautomated
machines. Could you just give us a sense or an indication of how much more expensive an automated machine is compared to a nonautomated
machine, just for us to try to understand what the price/mix impact could be if all the miners start to buy automated machines?
Question: Andreas Juhani Koski - Nordea Markets, Research Division - Analyst
: Okay. And just a second question...
Question: Andreas Juhani Koski - Nordea Markets, Research Division - Analyst
: Yes. Okay. So there could still be some upside from a mix shift or?
Question: Andreas Juhani Koski - Nordea Markets, Research Division - Analyst
: I must ask about your cost savings program as well because you communicated already in Q2 that 450 people have left SMS. So I can't see what
the change is to your cost savings program today compared to 3 months ago more than you now include those 450 people in your numbers. And
can you explain a little bit...
Question: Andreas Juhani Koski - Nordea Markets, Research Division - Analyst
: That explains it. Because according to the slide, it says that 450 people already left the company as of end of Q2...
Question: Andreas Juhani Koski - Nordea Markets, Research Division - Analyst
: So I guess they were included in the 2,500, but they are not. Okay.
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