Sunday

27-04-2025 Vol 19

Konecranes: Positive Start to 2025 in Q1 Results Report

Konecranes Plc recently released an interim report for the first quarter of 2025, showing promising results. The complete report, which includes detailed financial figures, is available in PDF format. Key figures are unaudited, with comparisons made to the same period from the previous year. The highlights of the first quarter include an order intake of EUR 1,062.2 million, representing a 16.8 percent increase compared to EUR 909.1 million last year.

This growth was driven by sectors such as Industrial Service, Industrial Equipment, and Port Solutions. Additionally, the annual agreement base value in Industrial Service rose to EUR 340.3 million, a 4.4 percent increase. Although the order book declined slightly to EUR 2,941.8 million from EUR 3,046.4 million, overall sales grew by 7.7 percent to reach EUR 983.7 million. Konecranes reported a stable comparable EBITA margin of 11.1 percent and an operating profit of EUR 100.0 million.

Earnings per share saw a significant rise to EUR 0.93. The company also generated free cash flow of EUR 58.7 million while reducing its net debt to EUR 140.9 million. Looking ahead, Konecranes anticipates stable net sales for 2025 and an EBITA margin that may improve compared to 2024. CEO Anders Svensson expressed optimism about the solid start to the year despite geopolitical uncertainties.

All business areas saw year-on-year growth in orders, with a particularly strong performance in Port Solutions, where intake rose 37.5 percent. While demand remains healthy, the company notes increased volatility and longer decision-making times, particularly in North America. However, the prospects for container handling remain strong. As part of ongoing communications, Konecranes plans to provide updates regarding their business areas and future goals during the Capital Markets Day in London on May 20, inviting analyst and investor participation.

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