KONECRANES PLC INTERIM REPORT, JANUARY-MARCH 2026 APRIL 29, 2026 12:30 PM EEST
Konecranes Plc's Interim report, January-March 2026: Q1 - A solid start to the
year
This release is a summary of Konecranes Plc's Interim report, January-March
2026. The complete report is attached to this release in pdf format and is also
available on Konecranes' website at www.konecranes.com.
The figures presented in this report are unaudited. Figures in brackets, unless
otherwise stated, refer to the same period a year earlier.
JANUARY-MARCH 2026 IN BRIEF
- Order intake increased by 0.3% to EUR 1,065.9 million (1,062.2) and
on a comparable currency basis by 3.7%. Order intake increased in Industrial
Equipment but decreased in Industrial Service and Port Solutions.
- Order book increased by 7.9% to EUR 3,175.4 million (2,941.8) and on
a comparable currency basis by 9.8%.
- Industrial Service agreement base value increased by 2.0% to EUR
347.1 million (340.3) and on a comparable currency basis by 4.6%.
- Net sales decreased by 7.7% to EUR 907.9 million (983.7) and on a
comparable currency basis by 4.8%. Net sales decreased in all Business Areas.
- Comparable EBITA decreased to EUR 105.7 million (109.0) but
comparable EBITA margin increased to 11.6% (11.1%). The comparable EBITA margin
increased in Industrial Service to 20.4% (20.2%) and in Port Solutions to 9.9%
(8.3%) but decreased in Industrial Equipment to 4.2% (4.6%).
- Free cash flow was EUR 34.6 million (58.7).
- Earnings per share (basic) was EUR 0.28 (0.31).
- Net debt was EUR -184.9 million (140.9).
- Gearing was -9.5% (8.0%).
DEMAND OUTLOOK
Within the industrial customers segment, we expect our demand environment to
remain on a healthy level. For our port customers, container throughput
continues to be on a high level, and the long-term prospects for container
handling remain good. However, uncertainty related to geopolitics and trade
policy tensions remains high.
FINANCIAL GUIDANCE
Konecranes expects net sales to remain approximately on the same level or to
increase in 2026 compared to 2025, and comparable EBITA margin to remain
approximately on the same level in 2026 compared to 2025.
KEY FIGURES
[][][][][][][][]
+------------------------+-------+-------+-------+-------+-------+
|EUR million (unless |1-3/ |1-3/ |Change%|R12M[3]|1-12/ |
|otherwise stated) | | | | | |
| |2026 |2025 | | |2025 |
+------------------------+-------+-------+-------+-------+-------+
|Order intake |1,065.9|1,062.2|0.3 |4,393.0|4,389.3|
+------------------------+-------+-------+-------+-------+-------+
|Order book at end of |3,175.4|2,941.8|7.9 | |2,988.4|
|period | | | | | |
+------------------------+-------+-------+-------+-------+-------+
|Net sales total |907.9 |983.7 |-7.7 |4,112.0|4,187.8|
+------------------------+-------+-------+-------+-------+-------+
|Comparable EBITDA[1] |132.9 |136.1 |-2.4 |687.1 |690.3 |
+------------------------+-------+-------+-------+-------+-------+
|Comparable EBITA[1] |105.7 |109.0 |-3.1 |584.8 |588.1 |
+------------------------+-------+-------+-------+-------+-------+
|Comparable EBITA margin,|11.6% |11.1% | |14.2% |14.0% |
|%[1] | | | | | |
+------------------------+-------+-------+-------+-------+-------+
|Comparable operating |97.0 |100.3 |-3.3 |550.1 |553.4 |
|profit[1] | | | | | |
+------------------------+-------+-------+-------+-------+-------+
|Comparable operating |10.7% |10.2% | |13.4% |13.2% |
|margin, %[1] | | | | | |
+------------------------+-------+-------+-------+-------+-------+
|Operating profit |95.6 |100.0 |-4.4 |537.9 |542.4 |
+------------------------+-------+-------+-------+-------+-------+
|Operating margin, % |10.5% |10.2% | |13.1% |13.0% |
+------------------------+-------+-------+-------+-------+-------+
|Profit before taxes |91.3 |97.7 |-6.6 |510.1 |516.5 |
+------------------------+-------+-------+-------+-------+-------+
|Net profit for the |67.2 |73.5 |-8.6 |393.4 |399.8 |
|period | | | | | |
+------------------------+-------+-------+-------+-------+-------+
|Free cash flow |34.6 |58.7 | |505.5 |529.6 |
+------------------------+-------+-------+-------+-------+-------+
|Earnings per share, |0.28 |0.31 |-8.6 |1.66 |1.68 |
|basic, EUR | | | | | |
+------------------------+-------+-------+-------+-------+-------+
|Net debt |-184.9 |140.9 | | |-163.5 |
+------------------------+-------+-------+-------+-------+-------+
|Gearing, % |-9.5% |8.0% | | |-7.8% |
+------------------------+-------+-------+-------+-------+-------+
|Net debt / Comparable |-0.3 |0.2 | | |-0.2 |
|EBITDA, R12M[1] | | | | | |
+------------------------+-------+-------+-------+-------+-------+
|Return on capital | | | |22.1% |20.7% |
|employed, %, R12M | | | | | |
+------------------------+-------+-------+-------+-------+-------+
|Comparable return on | | | |24.0% |22.1% |
|capital employed, %, | | | | | |
|R12M[2] | | | | | |
+------------------------+-------+-------+-------+-------+-------+
|Average number of |16,436 |16,766 |-2.0 | |16,614 |
|personnel during the | | | | | |
|period | | | | | |
+------------------------+-------+-------+-------+-------+-------+
1) Excluding items affecting comparability, see also note 11 in the summary
financial statements
2) ROCE excluding items affecting comparability, see also note 11 in the summary
financial statements
3) Rolling 12 months
Konecranes Plc‘s Annual General Meeting on March 26, 2026, decided on a share
issue without payment (share split) in which two (2) new shares were issued for
each existing share. The share-specific indicators have been calculated using
the post-share split number of shares. Share-specific indicators for the
comparison periods have been adjusted to correspond to the post-share split
number of shares.
CEO Marko Tulokas:
The beginning of 2026 was framed by geopolitical uncertainty and towards the end
of the quarter by the conflict in the Middle East. Despite the turbulence in the
operating environment, the Konecranes team managed the situation well and
delivered solid results in the first quarter. Our order intake held at a good
level regardless of the increased uncertainty around customer demand, and
profitability strengthened with our comparable EBITA margin reaching 11.6%. This
was a good achievement under challenging project delivery conditions and lower
sales volumes.
Our order intake increased by 3.7% in the first quarter in comparable currencies
versus a year ago and was EUR 1.07 billion. Order intake improved in the
Americas and APAC regions while we saw some softening in the EMEA region.
In the first quarter, our net sales amounted to EUR 908 million, decreasing by
4.8% in comparable currencies versus a year ago. This reflects both typical
seasonality - the first quarter is usually the lowest delivery quarter of the
year - as well as the timing of deliveries. Also, the situation in the Middle
East impacted some of our customer deliveries and raised fuel and freight costs.
Looking at the regional split, our net sales decreased in all three regions.
Despite the lower sales volumes, we kept our profitability on a strong level.
Comparable EBITA margin increased to 11.6% and was driven by good execution,
favorable mix and pricing. Profitability improved in Industrial Service and Port
Solutions and decreased in Industrial Equipment.
Our order book strengthened both sequentially and compared to a year ago and
reached EUR 3.2 billion at the end of the quarter. This is the highest level
since the third quarter of 2023, which was supported by the post-pandemic demand
boost.
In Business Area Industrial Service, order intake remained stable in comparable
currencies and amounted to EUR 393 million. Net sales were EUR 365 million, also
stable in comparable currencies. Comparable EBITA margin, however, improved
slightly to 20.4%. We continued to expand our agreement base, which grew
sequentially and by 4.6% compared to a year ago in comparable currencies.
In Business Area Industrial Equipment, external order intake increased by 13.4%
in comparable currencies compared to a year ago and was EUR 358 million.
External sales amounted to EUR 260 million, remaining stable in comparable
currencies. Comparable EBITA margin decreased to 4.2% mainly due to lower
volumes, partly offset by positive pricing and solid cost control.
In Business Area Port Solutions, performance reflected the typical quarterly
fluctuation of this business. Order intake decreased by 3.8% in comparable
currencies versus a year ago, amounting to EUR 330 million. Net sales decreased
by 13.4% to EUR 303 million in comparable currencies and were impacted by the
timing of deliveries and the volatile situation in the Middle East. Comparable
EBITA margin improved to 9.9% and was mainly driven by strong execution, partly
offset by lower volumes. Port Solutions' order book strengthened further and
reached EUR 1.7 billion at the end of the quarter.
During the first quarter, Konecranes held its Annual General Meeting 2026. The
dividend proposal of EUR 2.25 per share for year 2025 was approved, along with a
1:3 share split. The share split was conducted at the end of the quarter and the
number of our shares increased from 79 million to 238 million.
Our sales funnels have continued to be at a good level despite the increased
volatility and timing-related uncertainty around customer demand.
Looking ahead, we expect our demand environment to remain on a healthy level
within our industrial customers. For our port customers, container throughput
continues to be on a high level, and the long-term prospects for container
handling remain good. However, uncertainty related to geopolitics and trade
policy tensions remains high.
We reiterate our financial guidance for year 2026. We expect our net sales to
remain approximately on the same level or to increase in 2026 compared to 2025,
and our comparable EBITA margin to remain approximately on the same level in
2026 compared to 2025.
Overall, the start of the year was solid for Konecranes considering the
volatility in the operating environment. We are well positioned with our strong
order book and solid financial position to continue our progress towards our
financial targets.
RESULTS WEBCAST FOR ANALYSTS, INVESTORS AND MEDIA
A live webcast and conference call for analysts, investors and media will be
arranged today at 2:00 p.m. EEST. The event will be held in English and is
presented by President and CEO Marko Tulokas and CFO Teo Ottola. Questions may
be presented at the webcast event, and the recording will be published on the
company's website later during the day.
The webcast can be watched through the following link:
https://konecranes.events.inderes.com/q1-2026/
To ask questions, the telephone conference can be joined by registering through
the following link:
https://events.inderes.com/konecranes/q1-2026/dial-in
Phone numbers and the conference ID to access the conference will be provided
after the registration. In case you would like to ask a question during the
conference, please dial *5 on your telephone keypad to enter the question queue.
NEXT REPORT
Konecranes Plc plans to publish its Half-year financial report, January-June
2026 on July 24, 2026.
KONECRANES PLC
Linda Häkkilä
Vice President, Investor Relations
FURTHER INFORMATION
Linda Häkkilä,
Vice President, Investor Relations,
tel. +358 (0) 20 427 2050
IMPORTANT NOTICE
The information in this report contains forward-looking statements, which are
information on Konecranes' current expectations and projections relating to its
financial condition, results of operations, plans, objectives, future
performance and business. All statements other than statements of historical
fact included herein are forward-looking statements. Such forward-looking
statements involve known and unknown risks, uncertainties and other important
factors beyond Konecranes' control that could cause Konecranes' actual results,
performance or achievements to be materially different from the expected
results, performance or achievements expressed or implied by such forward
-looking statements. Information in this report, including but not limited to
forward-looking statements, applies only as of the date of this document.
Konecranes is a global leader in material handling solutions, serving a broad
range of customers across multiple industries. We consistently set the industry
benchmark, from everyday improvements to the breakthroughs at moments that
matter most, because we know we can always find a safer, more productive and
sustainable way. That's why, with around 16,500 professionals in over 50
countries, Konecranes is trusted every day to lift, handle and move what the
world needs. In 2025, Group sales totalled EUR 4.2 billion. Konecranes shares
are listed on Nasdaq Helsinki (symbol: KCR).
DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com