Konecranes (KCR) Q4 2025 earnings summary

Executive summary

• Achieved record-high profitability in 2025, with a comparable EBITA margin of 14.0%, reflecting improved resilience and robust strategy execution amid geopolitical turbulence.

• Order intake for the year rose 11.6% year-over-year on a comparable currency basis, reaching EUR 4.4 billion, with strong performance across industrial and port sectors.

• Net profit increased 8.5% year-over-year to EUR 399.8 million, and earnings per share (basic) rose to EUR 5.05.

• Board proposes a 1:3 share split and a dividend of EUR 2.25 per share for 2025.

• Continued new product roll-outs and positive development across multiple customer segments.

Financial highlights

• Net sales for 2025 were EUR 4,187.8 million, up 0.7% year-over-year on a comparable currency basis.

• Comparable EBITA rose 6.6% to EUR 588.1 million, with margin up to 14.0% from 13.1% a year earlier.

• Free cash flow reached a record EUR 529.6 million, with cash conversion well above 100%.

• Net debt improved to EUR -163.5 million, with gearing at -7.8%.

• Return on capital employed (ROCE) reached 22.1% at year-end 2025.

Outlook and guidance

• Net sales in 2026 are expected to remain at the same level or increase compared to 2025, with comparable EBITA margin also expected to remain stable.

• Order book at the start of 2026 is over EUR 100 million higher than a year ago, especially in Port Solutions.

• Demand outlook stable, with positive prospects in industrial and port customer segments, but market volatility and geopolitical risks remain.