Kalmar (KALMAR) Q2 2026 earnings summary

Executive summary

• Sales grew 14% year-over-year to EUR 480 million in Q2 2026, with strong cash flow and a robust balance sheet.

• Comparable operating profit increased by 9% to EUR 60 million, margin at 12.4%.

• Order intake remained resilient at EUR 449 million, stable compared to the prior year despite fewer large orders.

• Eco Portfolio sales surged 27% year-over-year, now representing 48% of total sales.

• Leadership transitions announced for CFO and President of Services, with changes effective Q3/Q4 2026.

Financial highlights

• Sales grew 14% year-over-year to EUR 480 million in Q2 2026; services accounted for 33% of total sales.

• Equipment segment sales up 17% to EUR 321 million; services segment sales up 10% to EUR 158 million.

• Comparable operating profit margin at 12.4% for the quarter; LTM margin at 12.7%.

• Operating cash flow strong at EUR 82 million; cash conversion for LTM at 99%.

• Return on capital employed reached 24.1%.

Outlook and guidance

• Guidance for 2026 unchanged: comparable operating profit margin expected above 12.5%.

• Market demand for the next six months anticipated to remain stable, with no major changes expected.

• Long-term targets for 2028: 5% annual sales growth, 15% comparable operating profit margin, >25% ROCE, and dividend payout ratio of 30-50%.