Finland's Kalmar Q3 orders rise on North American demand
Finland's Kalmar Q3 orders rise on North American demand
Overview
Finland heavy equipment maker's Q3 orders rose 22% yr/yr, but sales slipped 1%
Comparable operating profit for Q3 fell 6% from prior year
Company maintained guidance for 2026 profit margin above 12.5%
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 as previous quarters
Kalmar notes continued macroeconomic disruption could extend delivery delays in APAC
Result Drivers
ORDER GROWTH - Co said Q3 orders rose 22%, driven mainly by Equipment segment in North America
SERVICES OFFSET EQUIPMENT DECLINE - Co said sales held steady as growth in Services compensated for modest decline in Equipment sales
ECO PORTFOLIO ORDERS UP - Co said eco portfolio order intake grew 32% yr/yr, though eco portfolio sales fell 7%
Company press release: ID:nGNETdCvT
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| EUR 433 mln |
|
Q3 Net Income |
| EUR 38.60 mln |
|
Q3 Operating Income |
| EUR 52 mln |
|
Q3 Pretax Profit |
| EUR 49.90 mln |
|
Q3 ROCE |
| 22.40% |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and 1 "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 €46.00, about 26.3% above its October 28 closing price of €36.42
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago
Reuters Recommended Reads
Oct 28 - Finland's Valmet Q3 orders jump on biomaterial services demand
Oct 28 - Finland's Kone Q3 sales rise 5.2%, orders up 7.2%
Oct 28 - Specialized equipment maker Terex Q3 sales beat on higher shipment volumes
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(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.)