KONECRANES PLC FINANCIAL STATEMENT RELEASE 2025 FEBRUARY 5, 2026, 12:30 PM EET
Konecranes Plc's Financial statement release 2025: Record-high profitability and
strong orders in 2025
This release is a summary of Konecranes Plc's Financial statement release 2025.
The complete report is attached to this release in pdf format and is also
available on Konecranes' website at www.konecranes.com.
The figures presented in this report are unaudited. Figures in brackets, unless
otherwise stated, refer to the same period a year earlier.
FOURTH QUARTER HIGHLIGHTS
- Order intake EUR 1,081.7 million (1,166.5), -7.3 percent (-4.3 percent on a
comparable currency basis), order intake decreased in all Business Areas
- Industrial Service annual agreement base value EUR 339.3 million (342.5), -0.9
percent (+4.4 percent on a comparable currency basis)
- Order book EUR 2,988.4 million (2,888.4) at the end of December, +3.5 percent
(+7.0 percent on a comparable currency basis)
- Sales EUR 1,163.0 million (1,212.5), -4.1 percent (-1.3 percent on a
comparable currency basis), sales decreased in all Business Areas.
- Comparable EBITA margin 14.1 percent (13.2) and comparable EBITA EUR 164.0
million (159.5); the comparable EBITA margin increased to 21.9 percent (20.6) in
Industrial Service, increased to 11.7 percent (9.7) in Industrial Equipment and
decreased to 9.2 percent (9.7) in Port Solutions
- Operating profit EUR 151.9 million (146.4), 13.1 percent of sales (12.1)
- Earnings per share (diluted) EUR 1.52 (1.36)
- Free cash flow EUR 138.3 million (169.9)
2025 HIGHLIGHTS
- Order intake EUR 4,389.3 million (3,999.6), +9.7 percent (+11.6 percent on a
comparable currency basis)
- Sales EUR 4,187.8 million (4,227.0), -0.9 percent (+0.7 percent on a
comparable currency basis)
- Comparable EBITA margin 14.0 percent (13.1) and comparable EBITA EUR 588.1
million (551.6); the comparable EBITA margin increased in all Business Areas
- Operating profit EUR 542.4 million (511.4), 13.0 percent of sales (12.1) items
affecting comparability totaled EUR 11.0 million (9.3), mainly comprising of
restructuring costs
- Earnings per share (diluted) EUR 5.03 (4.63)
- Free cash flow EUR 529.6 million (427.2)
- Net debt EUR -163.5 million (183.5) and gearing -7.8 percent (9.9)
- The Board of Directors proposes a dividend of EUR 2.25 per share for year 2025
DEMAND OUTLOOK
Within the industrial customers segment, we expect our demand environment to
remain on a healthy level. For our port customers, container throughput
continues to be on a high level, and the long-term prospects for container
handling remain good. However, uncertainty related to geopolitics and trade
policy tensions remains high.
FINANCIAL GUIDANCE
Konecranes expects net sales to remain approximately on the same level or to
increase in 2026 compared to 2025, and comparable EBITA margin to remain
approximately on the same level in 2026 compared to 2025.
KEY FIGURES
+----------------------+-------+-------+--------+-------+-------+--------+
| |10-12/ |10-12/ |Change %|1-12/ |1-12/ |Change %|
| |2025 |2024 | |2025 |2024 | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Orders received, MEUR |1,081.7|1,166.5|-7.3 |4,389.3|3,999.6|9.7 |
+----------------------+-------+-------+--------+-------+-------+--------+
|Order book at end of | | | |2,988.4|2,888.4|3.5 |
|period, MEUR | | | | | | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Sales total, MEUR |1,163.0|1,212.5|-4.1 |4,187.8|4,227.0|-0.9 |
+----------------------+-------+-------+--------+-------+-------+--------+
|Comparable EBITDA, |189.4 |183.1 |3.4 |690.3 |641.7 |7.6 |
|MEUR 1 | | | | | | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Comparable EBITDA, % 1|16.3% |15.1% | |16.5% |15.2% | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Comparable EBITA, MEUR|164.0 |159.5 |2.8 |588.1 |551.6 |6.6 |
|1 | | | | | | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Comparable EBITA, % 1 |14.1% |13.2% | |14.0% |13.1% | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Comparable operating |155.3 |151.5 |2.5 |553.4 |520.7 |6.3 |
|profit, MEUR 1 | | | | | | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Comparable operating |13.4% |12.5% | |13.2% |12.3% | |
|margin, % 1 | | | | | | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Operating profit, MEUR|151.9 |146.4 |3.8 |542.4 |511.4 |6.1 |
+----------------------+-------+-------+--------+-------+-------+--------+
|Operating margin, % |13.1% |12.1% | |13.0% |12.1% | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Profit before taxes, |148.7 |139.4 |6.7 |516.5 |485.3 |6.4 |
|MEUR | | | | | | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Net profit for the |122.1 |108.3 |12.7 |399.8 |368.4 |8.5 |
|period, MEUR | | | | | | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Earnings per share, |1.54 |1.37 |12.7 |5.05 |4.65 |8.5 |
|basic, EUR | | | | | | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Earnings per share, |1.52 |1.36 |12.0 |5.03 |4.63 |8.4 |
|diluted, EUR | | | | | | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Gearing, % | | | |-7.8% |9.9% | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Net debt / Comparable | | | |-0.2 |0.3 | |
|EBITDA 1 | | | | | | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Return on capital | | | |20.7% |20.3% | |
|employed, % | | | | | | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Comparable return on | | | |22.1% |20.8% | |
|capital employed, % 2 | | | | | | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Free cash flow, MEUR |138.3 |169.9 | |529.6 |427.2 | |
+----------------------+-------+-------+--------+-------+-------+--------+
|Average number of | | | |16,614 | 16,656|-0.3 |
|personnel during the | | | | | | |
|period | | | | | | |
+----------------------+-------+-------+--------+-------+-------+--------+
1) Excluding items affecting comparability, see also note 11 in the summary
financial statements
2) ROCE excluding items affecting comparability, see also note 11 in the summary
financial statements
CEO Marko Tulokas:
The year 2025 reflected strong momentum for Konecranes. We successfully executed
our strategy throughout the year across our businesses and solid performance in
the last quarter sealed excellent full-year results. Amidst geopolitical
uncertainty customer activity remained good, particularly for Port Solutions and
Industrial Equipment, and resulted in a high order intake. Profitability further
strengthened and our comparable EBITA margin reached its highest annual level
ever, 14.0%. This is now the third consecutive year of profitability improvement
in all our Business Areas. Needless to say I am very proud of the Konecranes'
team achievement. We have a leading market position globally and we closed the
year with a robust order book and a strong balance sheet.
In the fourth quarter of 2025, our market environment remained stable, and
performance continued to be solid across the businesses. Our order intake was on
a solid level at EUR 1.08 billion, despite decreasing by 4.3% in comparable
currencies versus the very strong comparison period. Sales reached EUR 1.16
billion, decreasing by 1.3% in comparable currencies. However, comparable EBITA
margin increased to 14.1%, and was driven by good execution, pricing and
efficient cost management.
In Business Area Industrial Service, order intake increased by 2.2% in the
fourth quarter in comparable currencies and was EUR 381 million. Sales increased
by 3.5% in comparable currencies to EUR 413 million. Comparable EBITA margin
reached 21.9% mainly due to pricing, good execution and efficient cost
management. The agreement base continued to grow and rose by 4.4% in comparable
currencies. We also reported sequential growth of the agreement base, something
fundamental to our strategy of expanding our high-margin service business.
In Business Area Industrial Equipment, external order intake remained relatively
stable compared to a year ago and was EUR 314 million. External sales increased
by 2.8% in comparable currencies and amounted to EUR 337 million. Comparable
EBITA margin reached a level of 11.7%, mainly due to solid execution, pricing
and favorable product mix.
In Business Area Port Solutions, performance remained solid in the fourth
quarter. Quarterly fluctuation is a normal feature of this business and our
order intake decreased by 11.4% in comparable currencies versus a strong year
ago comparison, amounting to EUR 406 million. Sales decreased by 7.1% in
comparable currencies to EUR 439 million, mainly due to the timing of the order
book. Comparable EBITA margin declined to 9.2%, with lower volume and a less
advantageous mix, partly offset by continued good project execution. At the end
of the quarter, Port Solutions' order book amounted to EUR 1.67 billion.
In 2025, our order intake increased by 11.6% in comparable currencies and
amounted to EUR 4.39 billion. Due to good activity in many customer sectors for
both industrial and ports businesses, our order book was nearly EUR 3 billion at
the end of the year. With our industrial customers, we saw positive development
especially in the power, aviation and aerospace, and defense sectors. Sales
reached EUR 4.19 billion, increasing by 0.7% in comparable currencies. I am
pleased that in all three Business Areas both order intake and sales increased
in comparable currencies. It shows that we are on the right track and that our
businesses have been able to execute consistently despite the uncertain and
volatile operating environment. Our comparable EBITA margin continued to
improve, and record cash flow strengthened our balance sheet.
Earnings per share for 2025 was EUR 5.05. Konecranes' Board of Directors is
proposing a dividend of EUR 2.25 per share to be paid for year 2025, aligned
with our dividend policy.
Looking into 2026 and beyond, we have an ambition to create long-term value
through growth by further leveraging our strengths - broad customer access,
technology leadership and lifecycle model. Our strong financial position, wide
offering and global market leadership provide attractive opportunities, which we
are actively evaluating.
We have not seen any major changes in our market environment thanks to our
diversified customer base, but the uncertainty related to geopolitics and trade
policy tensions remains high. Our sales funnels have remained on a good level in
all Business Areas, but we continue to observe somewhat longer decision-making
times within our customers.
Within the industrial customers segment, we expect our demand environment to
remain on a healthy level. For our port customers, container throughput
continues to be on a high level, and the long-term prospects for container
handling remain good. Business Area Port Solutions' sales pipeline consists of
projects of various sizes.
When we reflect on the outlook, we expect our net sales to remain approximately
on the same level or to increase in 2026 compared to 2025, and our comparable
EBITA margin to remain approximately on the same level in 2026 compared to 2025.
The year 2025 demonstrated Konecranes' strength. The continuous and steady
development of our proven global business model has provided resilience and
stability in the current operating environment. I am very pleased where
Konecranes is today. After delivering such strong results we are well positioned
to drive for further success towards our financial targets. I want to thank our
customers and stakeholders for the past year and all our teams for their
commitment and continued solid execution - momentum that I am confident we will
continue in 2026.
ANALYST AND PRESS BRIEFING
A live international webcast and telephone conference for analysts, investors
and media will be arranged today at 2:00 p.m. EET. The Financial statement
release will be presented by President and CEO Marko Tulokas and CFO Teo Ottola.
Questions may be presented at the end of the conference. The conference will be
recorded, and an on-demand version of the conference will be published on the
company´s website later during the day.
The webcast can be watched through the following link:
https://konecranes.events.inderes.com/q4-2025
To ask questions, the telephone conference can be joined by registering through
the following link:
https://events.inderes.com/konecranes/q4-2025/dial-in
Phone numbers and the conference ID to access the conference will be provided
after the registration. In case you would like to ask a question during the
conference, please dial *5 on your telephone keypad to enter the question queue.
NEXT REPORT
Konecranes Plc plans to publish its Interim report, January-March 2026 on April
29, 2026.
KONECRANES PLC
Linda Häkkilä
Vice President, Investor Relations
FURTHER INFORMATION
Linda Häkkilä,
Vice President, Investor Relations,
tel. +358 (0) 20 427 2050
IMPORTANT NOTICE
The information in this release contains forward-looking statements, which are
information on Konecranes' current expectations and projections relating to its
financial condition, results of operations, plans, objectives, future
performance and business. These statements may include, without limitation, any
statements preceded by, followed by or including words such as “target,”
“believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,”
“project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other
words and terms of similar meaning or the negative thereof. Such forward-looking
statements involve known and unknown risks, uncertainties and other important
factors beyond Konecranes' control that could cause Konecranes' actual results,
performance or achievements to be materially different from the expected
results, performance or achievements expressed or implied by such forward
-looking statements. Such forward-looking statements are based on numerous
assumptions regarding Konecranes' present and future business strategies and the
environment in which it will operate in the future.
Konecranes is a global leader in material handling solutions, serving a broad
range of customers across multiple industries. We consistently set the industry
benchmark, from everyday improvements to the breakthroughs at moments that
matter most, because we know we can always find a safer, more productive and
sustainable way. That's why, with around 16,500 professionals in over 50
countries, Konecranes is trusted every day to lift, handle and move what the
world needs. In 2025, Group sales totalled EUR 4.2 billion. Konecranes shares
are listed on Nasdaq Helsinki (symbol: KCR).
DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com