Konecranes (KCR) Q3 2026 earnings summary

Executive summary

• Strong Q3 deliveries lifted net sales 11.4% YoY to €1,101.5m; comparable-currency growth was 10%. Comparable EBITA reached €172.2m, with a 15.6% margin.

• Order intake fell 12.0% reported, mainly from quarterly volatility in Port Solutions; the period-end order book increased 8.0% reported to €3,302.3m.

Financial highlights

• Q3 comparable EBITDA was €198.0m (+4.4%), comparable EBITA €172.2m (+4.4%), and operating profit €162.7m (+5.9%).

• Profit before taxes rose 13.9% to €156.6m; net profit increased 14.6% to €119.0m and basic EPS rose 14.6% to €0.50.

• 9M net sales were €3,028.8m (+0.1%); comparable EBITA was €407.4m (-4.0%) and comparable EBITA margin was 13.4% versus 14.0%.

• Q3 order intake was €1,011.3m (-12.0% reported; -12.7% comparable FX); order book was €3,302.3m (+8.0% reported; +6.9% comparable FX).

• Q3 included ~€8m of U.S. tariff refunds; larger positive one-offs in Q3 2025 contributed to the comparable EBITA margin decline from 16.7% to 15.6%.

Outlook and guidance

• FY 2026 net sales expected to remain at the 2025 level or increase; comparable EBITA margin expected to remain at the 2025 level.

• Updated sales growth targets: 7% for the group, Industrial Service and Port Solutions; 6% for Industrial Equipment.

• 2030 comparable EBITA margin targets: 15–17% overall, 23–25% Industrial Service, 10–12% Industrial Equipment and 9–12% Port Solutions.

• Industrial demand expected to remain healthy; port throughput is high and long-term container-handling prospects are good, with elevated geopolitical and trade-policy uncertainty.