Finland · Delayed Price · Currency is EUR Konecranes Earnings Call Transcripts
Fiscal Year 2026
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Order intake and EBITA margin reached record Q1 levels despite lower sales, with a robust order book and strong cost control. Geopolitical risks and cost pressures were managed, and guidance for stable or higher sales and margins in 2026 was reiterated.
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Sustainability is deeply embedded in strategy, with significant emission reductions and ambitious targets for 2030. Product innovation, inclusive culture, and strong governance drive progress, while top ESG ratings and supplier engagement reinforce leadership.
Fiscal Year 2025
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Strong order growth and record profitability marked the year, with a robust order book and cash position heading into 2026. Margins and sales are expected to remain stable, supported by ongoing cost efficiency and positive demand in key segments, despite persistent market uncertainties.
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Q3 saw record EBITDA margin and strong order intake growth across all segments, despite a sales decline. Profitability was boosted by one-off items and strong execution, with a stable outlook for 2025 amid ongoing market uncertainty.
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Record EBITA margin of 14.3% achieved in Q2 2025, driven by strong Port Solutions growth and solid order intake. Guidance for 2025 expects stable sales and margins amid ongoing geopolitical and FX uncertainties.
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Raised profitability targets and reinforced growth ambitions, especially in service and port solutions, supported by digitalization, automation, and sustainability. Strategic focus includes disciplined M&A, regional supply chain agility, and capital allocation for growth and shareholder returns.
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Orders and sales grew strongly year-over-year, with stable profitability and robust cash flow. U.S. tariffs introduced new uncertainties, but flexible supply chains and pricing adjustments support guidance for stable or improved margins in 2025.
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Sales funnels remain strong, with stable or improving net sales and EBIT margin expected for 2025. U.S. demand is flattening, while European sentiment, especially in Germany, is improving. CEO search continues, and margin profile has improved due to a strategic shift in Germany.
Fiscal Year 2024
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Record Q4 order intake and sales drove all-time high margins and strong free cash flow. 2025 guidance expects stable or improved sales and margins, with continued growth in Service and ongoing optimization in Industrial Equipment.
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No major changes in outlook or guidance, with demand stable and margin improvement expected in 2024. Order book decline mainly affects 2025, and optimization programs continue to drive efficiency. Tariff risks and slower decision-making are noted, but no significant cancellations reported.
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Q3 delivered record profitability and strong order growth, with all segments improving margins and robust free cash flow. Outlook for 2024 remains positive, with sales and EBITA margin expected to rise despite macro headwinds.
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Sales guidance for 2024 has been upgraded due to improved delivery capability, with demand and order intake remaining healthy across most segments. Profitability is supported by stable input costs and successful pricing, while strategic focus remains on service expansion and selective acquisitions.
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Record Q2 EBITDA margin of 14.3% achieved across all segments, with net sales up 13% year-over-year and strong profitability driven by volume, pricing, and strategy execution. 2024 guidance was upgraded, with stable demand and a robust order book supporting positive outlook.
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Agreement coverage and digital adoption in service have improved, with EBITDA margin surpassing 20%. Equipment business profitability is rising, supported by platform harmonization and operational efficiency. Strategic focus remains on growth, digitalization, and bolt-on acquisitions.