Konecranes jumps as Q4 orders beat estimates, outlook stays upbeat

Konecranes Oyj

07/02/2025 08:32

** Shares in Konecranes  KCRA.HE  rise 8% after the Finnish 
industrial group reported better-than expected orders in Q4 and
said it expects healthy demand in 2025 despite macro-concerns
    ** The group's orders in the quarter rose 26% to 1.67
billion euros ($1.74 billion), 5% above consensus expectations
    ** It says long-term prospects related to global container
handling remain good, even though macro indicators continued to
signal weak market conditions in the quarter
    ** Konecranes expects revenue and comparable EBITDA in 2025
to be on the 2024 level
    ** Inderes analyst Erkki Vesola says that while the guidance
is somewhat soft, the positive surprise in orders should drive
shares up
    ** Konecranes among top gainers on STOXX 600  .STOXX 


($1 = 0.9625 euros)

 (Reporting by Boleslaw Lasocki)
 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))