Konecranes (KCR) investor relations material

Executive summary

• Order intake reached the highest level in three years, rising 13.2% in Q2 and supported by strong demand in ports, defense, power, and aviation, as well as strategic acquisitions in Japan and Spain to expand global presence.

• Net sales declined by 2.8% to 3.1% year-on-year in Q2, mainly due to lower volumes and timing of deliveries, with Industrial Equipment showing growth while Port Solutions and Industrial Service declined.

• Profitability remained solid but below prior year, with comparable EBITA margin at 12.7% in Q2, mainly impacted by lower volumes.

• Order book reached a record EUR 3.4 billion, up 15–16.1% year-on-year, supporting expectations for higher deliveries in H2.

• Major acquisition agreements, including a 70% stake in Mitsubishi Electric FA Industrial Products in Japan, were announced to strengthen global presence.

Financial highlights

• Q2 order intake: EUR 1,241 million (+13.2%); Q2 net sales: EUR 1,019–1,019.5 million (-2.8% to -3.1%); comparable EBITA margin: 12.7% (down 1.6pp year-on-year).

• Net profit for Q2: EUR 90.6 million, down 9.7% year-on-year; EPS (basic): EUR 0.38.

• Free cash flow: EUR -20.2 million in Q2 (vs. EUR 118.4 million prior year); net debt reduced to EUR 22.3 million, gearing at 1.1%.

• Rolling 12-month ROCE: 20.6–22.5%.

• Order book at end of period: EUR 3,385–3,400 million, up 15–16.1% year-on-year.

Outlook and guidance

• Net sales and comparable EBITA margin expected to remain at or above previous year levels in 2026; demand environment for industrial customers remains healthy, with port segment supported by high container throughput.

• Guidance maintained due to strong order book, especially for the second half, with EUR 200 million higher order book compared to last year.

• Geopolitical and trade policy uncertainties persist, particularly affecting the port segment.