Konecranes tumbles after Q1 miss as deliveries come in soft
29/04/2026 12:56
Corrects analyst name in paragraph 3 ** Shares in Finnish industrial crane maker Konecranes KCRA.HE fall about 12% after its Q1 results missed expectations ** Its quarterly comparable EBITA of 105.7 million euros ($123.70 million) was below the Vara Research consensus of 122.8 million, while orders came it at 1,065.9 million euros versus the consensus of 1,092 million ** Timing of deliveries and foreign exchange explains some of the Q1 weakness, Danske Bank analyst Panu Laitinmäki says, while also pointing to a softer-than-expected service business ** OP Financial Group analyst Jussi Mikkonen also highlights soft deliveries in the quarter, but notes the impact of the Middle East situation cannot be easily quantified ** Konecranes at the bottom of Europe's STOXX 600 index .STOXX and on track for its biggest one-day fall since October 2025 ($1 = 0.8545 euros) (Reporting by Alexander Klyve Gudbrandsen) ((alexanderklyve.gudbrandsen@thomsonreuters.com))