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 - JPMorgan Chase & Co, Research Division - Analyst
: I'll try and be quick. In terms of the pricing, I think it's been very helpful in terms of clearing up some of the commentary on China, and clearly,
things like you are performing quite significantly there. So I can just sort of drill into the comments around the pricing intensifying. Is that solely a
comment around equipment? Or is it also relevant to service? And if you are seeing the pricing intensifying, is that by the local players or is it by
the sort of larger OEMs?
Question: Andrew J. Wilson - JPMorgan Chase & Co, Research Division - Analyst
: Perfect. And just a couple of questions on 24/7, actually following up on one of Lucie's questions earlier. I think we were talking around the engineers
and the way that they work in the field. Am I right and informed from your comments that the engineers, when they're out on a site, they are
documented in all of the repairs that they make are being logged and that data that you use in terms of helping to provide that connected service
down the road? I'm just trying to literally understand the practicalities of how -- where the engineer is working has changed over time?
Question: Andrew J. Wilson - JPMorgan Chase & Co, Research Division - Analyst
: And I guess, just an additional question on 24/7. I think historically, you've sort of set -- I think it was that there could be 1 million connected elevators
or you could have 1 million of it in maintenance base. I guess just of the development that you've seen at 24/7 so far, have you changed your sort
of ambitions or, I guess, increased or decreased confidence in what that might actually mean for the business over the longer term in terms of kind
of percentage of the maintenance base you can get on 24/7?
Question: Tomi Markus Railo - DNB Markets, Research Division - Analyst
: It's Tomi from DNB. I know that the guidance range for the fourth quarter is quite wide, but maybe you could just remind us about the main elements
there and if you have confidence to say whether your EBIT margin would be flat or up from the last year's fourth quarter. Especially maybe keeping
Question: Wasi Rizvi - RBC Capital Markets, Research Division - Analyst
: Just one more from me. Slightly stepping back in the Americas, could you just help me understand what's happening there a bit more? I mean all
segments down double-digit on orders. I mean is the [bar] situation there really meaningfully worse than Europe and the rest of Asia? I mean, is
there some short-term election uncertainty? Or is it muted market position somehow? I'm just trying to understand if there's something more
underlying we should be aware of. I mean we had another industrial company report this morning with exposure to U.S. construction. And obviously,
they're much shorter cycle, but the investment is quite different. So I'm just trying to understand what's going on.
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