Finland's Konecranes Q1 net sales fall

Konecranes Oyj

29/04/2026 10:38

Overview

Finland material handling firm's Q1 net sales fell 7.7% yr/yr across all business areas

Comparable EBITA margin rose to 11.6%, driven by favorable mix and pricing

Order book grew 7.9% yr/yr, reaching EUR 3.2 bln at quarter end

Outlook

Konecranes expects 2026 net sales to remain at or increase from 2025 levels

Company expects 2026 comparable EBITA margin to remain at about the same level as 2025

Result Drivers

DELIVERY TIMING & SEASONALITY - Co said lower net sales reflected typical Q1 seasonality and timing of deliveries

MIDDLE EAST IMPACT - Situation in the Middle East affected customer deliveries and raised fuel and freight costs

FAVORABLE MIX & PRICING - Comparable EBITA margin increase driven by good execution, favorable mix and pricing

Company press release: ID:nWkrdD1Sr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 907.90 mln
Q1 Net Income
EUR 67.20 mln
Q1 Adjusted EBITA
EUR 105.70 mln
Q1 EBIT
EUR 95.60 mln
Q1 EBIT Margin
10.50%
Q1 Orders
EUR 1.07 bln
Q1 Pretax Profit
EUR 91.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "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 Konecranes Oyj is €34.00, about 12.8% above its April 28 closing price of €30.14

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

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.)