Konecranes (KCR) Q1 2026 earnings summary

Executive summary

• Order intake grew 3.7% year-over-year in comparable currencies, reaching €1,066 million, with growth in Industrial Equipment but declines in Industrial Service and Port Solutions.

• Order book increased 9.8% year-over-year in comparable currencies to €3,175 million, the highest since Q3 2023.

• Comparable EBITA margin improved to 11.6%, the highest Q1 margin in company history, despite lower sales volumes.

• Geopolitical uncertainty, especially in the Middle East, and changes in US tariffs increased costs and affected deliveries, but direct impacts were limited.

• Net sales declined by up to 7.7% year-over-year, mainly due to seasonality, delivery timing, and Middle East disruptions.

Financial highlights

• Comparable EBITA was €105.7 million, down 3.1% year-over-year, but margin improved to 11.6%.

• Net profit for the period was €67.2 million, with basic EPS at €0.28, both down year-over-year.

• Free cash flow was €34.6 million, lower than previous quarters and the prior year.

• Net debt improved to -€184.9 million, with gearing at -9.5%.

• Return on capital employed (R12M) was between 22% and 24%.

Outlook and guidance

• Net sales for 2026 expected to remain at or above 2025 levels; comparable EBITA margin also expected to remain stable.

• Demand environment for industrial and port customers remains healthy, but geopolitical and trade policy uncertainties persist.