Finland's Kalmar Q2 sales rise on higher volumes
Finland's Kalmar Q2 sales rise on higher volumes
Overview
Finland heavy equipment maker's Q2 sales rose 14% yr/yr to EUR 480 mln
Comparable operating profit for Q2 rose 9% to EUR 60 mln
Eco portfolio sales grew 27% and now represent 48% of total sales
Outlook
Kalmar expects 2026 comparable operating profit margin to be above 12.5%
Company expects total market demand for next six months to remain at similar levels
Kalmar says order book provides solid foundation for second half of 2026
Result Drivers
HIGHER VOLUMES - Co said Q2 sales growth and improved comparable operating profit were mainly driven by higher volumes in both Equipment and Services segments
ECO PORTFOLIO GROWTH - Co said eco portfolio sales rose 27% in Q2, supported by orders for fully electric equipment and launch of new electric terminal tractor
EFFICIENCY INITIATIVES - Co said efficiency gains from Driving Excellence programme and active pricing management helped offset margin pressure from tariffs
Company press release: ID:nGNE6G9klj
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| EUR 480 mln |
|
Q2 Net Income |
| EUR 44.10 mln |
|
Q2 Operating Income |
| EUR 58.30 mln |
|
Q2 Pretax Profit |
| EUR 55.60 mln |
|
Q2 ROCE |
| 24.10% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Kalmar Oyj is €48.00, about 25.3% above its July 21 closing price of €38.32
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago
Reuters Recommended Reads
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July 22 - Finland's Kone posts higher Q2 sales, flags China weakness
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)