Finland's Konecranes Q2 orders rise on growth in Americas, APAC

Konecranes Oyj

24/07/2026 10:48

Overview
Finland material handling firm's Q2 orders rose 13%, but net sales fell 3% yr/yr
Comparable EBITA margin declined to 12.7% from 14.3%, mainly due to lower volumes
Company expects 2026 net sales and EBITA margin to remain stable or increase vs 2025

Outlook
Konecranes expects 2026 net sales to remain at or increase from 2025 levels
Company sees 2026 comparable EBITA margin remaining at about the same level as 2025
Konecranes says demand in industrial segments expected to stay healthy; port outlook positive but geopolitical uncertainty high

Result Drivers
ORDER INTAKE GROWTH - Q2 orders rose across all business areas, with strong activity in the Americas and APAC, per CEO Marko Tulokas
LOWER VOLUMES - Net sales and profitability declined mainly due to timing of deliveries and lower volumes, according to the company
SEGMENT PERFORMANCE - Profitability improved in Industrial Equipment on higher volumes and pricing, but fell in Industrial Service and Port Solutions due to lower volumes

Company press release: ID:nWkr6TTF9J

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
EUR 1.02 bln
 
Q2 Net Income
 
EUR 90.60 mln
 
Q2 Adjusted EBITA
 
EUR 129.50 mln
 
Q2 EBIT
 
EUR 119.60 mln
 
Q2 EBIT Margin
 
11.70%
 
Q2 Orders
 
EUR 1.24 bln
 
Q2 Pretax Profit
 
EUR 116.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "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 20.7% above its July 23 closing price of €28.18
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago
     

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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.)