Konecranes Oyj · OMXHEX:KCR
Konecranes Oyj — Konecranes Plc Ord — Q4 2025 Earnings Presentation
34 slides from Konecranes Oyj's earnings presentation, Feb 5, 2026
Slide 1: Record-high profitability and strong orders in 2025
February 5, 2026 Record-high profitability and strong orders in 2025 Marko Tulokas, President & CEO Teo Ottola, CFO © 2026
Slide 2: Important Notice
Important Notice The following applies to this presentation, the oral presentation of the information in this presentation by Konecranes Oyj (the “Company” or “Konecranes”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (collectively, t
Slide 3: Presenters and agenda
Presenters and agenda Market update and group Business Area performance Questions & Answers performance and balance sheet Marko Tulokas Teo Ottola President & CEO CFO 3 PUBLIC
Slide 4: 2025 – A strong year for Konecranes
2025 – A strong year for Konecranes
Slide 5: Year 2025 reflects Konecranes’ strength and improved resilience
Year 2025 reflects Konecranes’ strength and improved resilience Order intake Order book • Good customer activity and positive development in many customer segments 4.4 3.0 EUR billion EUR billion • Solid customer demand and strong order intake +11.6%* +7.0%* • Agreement base growth, profitability im
Slide 6: Profitability improved in Q4 2025
Profitability improved in Q4 2025 Order intake Net sales (MEUR) (MEUR) Continued solid order intake and sales, but both decreased against a strong comparison period -7% -4% 1,167 1,213 1,163 1,082 • Orders -4.3% Y/Y (comp. FX) • Net sales EUR 1,163 million, -1.3% Y/Y (comp. FX) Comparable EBITA marg
Slide 7: Industrial Service and Industrial Equipment: cautious positive development within capacity utilization rates
Industrial Service and Industrial Equipment: cautious positive development within capacity utilization rates both in EU and the US EU capacity utilization rate, % US capacity utilization rate, % Manufacturing PMIs European Union Total industry Manufacturing Brazil India China Eurozone USA 90 90 75 7
Slide 8: Port Solutions: container throughput index continues on a high level
Port Solutions: container throughput index continues on a high level RWI/ISL Container Throughput Index (2015 = 100) Monthly index change Y/Y, % 160 20 137.5 140 15 120 10 100 5 80 +3% 0 Y/Y 11/2025 60 -5 40 -10 20 -15 0 -20 11/15 11/16 11/17 11/18 11/19 11/20 11/21 11/22 11/23 11/24 11/25 11/15 11/
Slide 9: Continued good order intake and net sales in Q4 against a strong comparison period
Continued good order intake and net sales in Q4 against a strong comparison period Order intake, EUR million Order intake 1,500 -7.3% -4.3% 1,167 Y/Y reported Y/Y comp. FX 1,082 1,000 926 • Decrease in all Business Areas • Increase in EMEA, decrease in 500 Americas and APAC 0 Q4/23 Q1/24 Q2/24 Q3/24
Slide 10: The year closed with a strong EUR 3 billion order book
The year closed with a strong EUR 3 billion order book Order book, EUR million Industrial Service Industrial Equipment Port Solutions Order book 4,500 +3.5% +7.0% Y/Y reported Y/Y comp. FX 3,750 • EUR 2,988 million of which 3,041 2,988 approximately EUR 2.3 billion for 2,888 3,000 year 2026 • Increa
Slide 11: Significant profitability improvement in 2025
Significant profitability improvement in 2025 Comparable EBITA, EUR million and % Q4 Comparable EBITA margin EBITA EBITA-% R12M EBITA-% 14.1% 0.9 pp Y/Y change 300 • Increase in Industrial Service and 14.1 % 13.2 % Industrial Equipment, decrease in Port 14.0 % Solutions 11.7 % 200 13.1 % • EBITA mar
Slide 12: The third consecutive year of profitability improvement in all Business Areas
The third consecutive year of profitability improvement in all Business Areas and consistent progress towards our mid-term targets Group Industrial Service Industrial Equipment Port Solutions Target: 13-16%(1) Target: 21-25%(1) Target: 8-11%(1) Target: 9-11%(1) 21.8 21.0 19.9 18.5 18.6 17.2 14.0 13.
Slide 13: Record-high annual cash flow strengthened balance sheet
Record-high annual cash flow strengthened balance sheet Teo Ottola, CFO
Slide 14: Profitability improvement driven by good execution and pricing
Profitability improvement driven by good execution and pricing EUR million 250 200 23 -10 -2 -7 159 164 150 100 13.2% 14.1% Comparable EBITA Comparable EBITA margin margin 50 0 Comparable EBITA Volume, Variable Fixed FX translation Comparable EBITA Q4 2024 pricing & mix costs costs impact Q4 2025 14
Slide 15: Industrial Service – higher profitability and continued agreement base expansion
Industrial Service – higher profitability and continued agreement base expansion Order intake and net sales, EUR million Order intake Net sales Order intake 600 -2.7% Y/Y reported +2.2% Y/Y comp. FX 378403 392 419 381 413 400 • Increase in parts, decrease in field service • Increase in EMEA, decreas
Slide 16: Industrial Equipment – good performance and profitability improvement
Industrial Equipment – good performance and profitability improvement without significant volume Order intake and net sales, EUR million Order intake Net sales Order intake 600 -3.9% Y/Y reported +0.9% Y/Y comp. FX 357 362 • External orders -0.8% Y/Y comp. FX 400 341 343358 285 • Increase in compone
Slide 17: Port Solutions – good execution partly mitigated the impact from lower volumes
Port Solutions – good execution partly mitigated the impact from lower volumes, a strong order book at year-end Order intake and net sales, EUR million Order intake Net sales Order intake 600 445 461 473 439 -11.8% Y/Y reported -11.4% Y/Y comp. FX 406 400 • Strong comparison period 304 • Increase in
Slide 18: Efficient net working capital management and record annual free cash flow
Efficient net working capital management and record annual free cash flow Net working capital, EUR million, % of R12M sales Free cash flow, EUR million NWC % of R12M sales 800 600 R12M FCF FCF 530 511 700 500 600 427 9.0 % 8.9 % 400 500 6.8 % 379 400 354 300 284 300 200 167 170 138 200 100 100 0 0 Q
Slide 19: Balance sheet further strengthened at the end of the year
Balance sheet further strengthened at the end of the year Net debt, EUR million Capital employed, EUR million Gearing, % Comparable return on capital employed, % Net debt Gearing-% Capital employed Comp. ROCE-% 500 4,000 22.1 % 20.8 % 3,500 400 366 17.7 % 3,000 2,754 300 2,550 2,557 2,500 200 22.9 %
Slide 20: Outlook for 2026
Outlook for 2026 Marko Tulokas, President & CEO
Slide 21: Board proposes share split and dividend of EUR 2.25 per share
The Board of Directors proposes to the AGM a share split with 1:3 ratio due to the high unit price and to enhance liquidity of shares. The Board of Directors proposes to the AGM that a dividend of EUR 2.25 per share is paid for year 2025, in line with dividend policy. 21 PUBLIC
Slide 22: Demand outlook
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 geopoli
Slide 23: Financial guidance
Financial guidance Net sales expected to remain approximately on the same level or to increase in 2026 compared to 2025. Comparable EBITA margin expected to remain approximately on the same level in 2026 compared to 2025. 23
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Slide 25: Appendix
@ 2023 Konecranes. All rights reserved. 'Konecranes', 'Moves what matters' and are 25 either registered trademarks or trademarks of Konecranes Global Corporation. Appendix PUBLIC
Slide 26: Group R12M sales split
Group R12M sales split Group R12M sales by Business Area Group R12M sales by offering type(1) Group R12M sales by region 35% 36% 43% 13% 51% Port Solutions Service Total service APAC EMEA 1,523 MEUR 1,563 MEUR 1,867 MEUR 523 MEUR 2,122 EUR % % % of R12M of R12M of R12M sales sales sales 29% 57% 37%
Slide 27: Service agreement base and order book by Business Area
Service agreement base and order book by Business Area Industrial Service agr. base & order book, MEUR Industrial Equipment order book, MEUR Port Solutions order book, MEUR 2,000 Order book Agreement base 2,000 2,000 1,705 1,672 1,559 1,500 1,500 1,500 1,000 1,000 892 893 911 1,000 444 436 405 500 5
Slide 28: Group key figures 1/2
Group key figures 1/2 EUR million 10-12/ 10-12/ Change % Change % 1-12/ 1-12/ Change % Change % 2025 2024 Comp. FX 2025 2024 Comp. FX Orders received, MEUR 1,081.7 1,166.5 -7.3 -4.3 4,389.3 3,999.6 9.7 11.6 Order book at end of period, MEUR 2,988.4 2,888.4 3.5 Sales total, MEUR 1,163.0 1,212.5 -4.1
Slide 29: Group key figures 2/2
Group key figures 2/2 EUR million 1-12/ 1-12/ Change % 2025 2024 ROCE, %, (R12M) 20.7 20.3 2.0 Return on equity, %, (R12M) 20.3 21.3 -4.7 Equity per share (EUR) 26.35 23.45 12.4 Net debt / Comparable EBITDA, (R12M) -0.2 0.3 -166.7 Equity to asset ratio, % 53.8 44.4 21.2 Investments total (excl. acqu
Slide 30: Key figures by segment
Key figures by segment EUR million 10-12/ 10-12/ Change % Change % 1-12/ 1-12/ Change % Change % 2025 2024 Comp. FX 2025 2024 Comp. FX Industrial Service Orders received, MEUR 381.1 391.7 -2.7 2.2 1,561.1 1,559.0 0.1 2.9 Agreement base value, MEUR 339.3 342.5 -0.9 4.4 339.3 342.5 -0.9 4.4 Sales, MEU
Slide 31: Statement of income
Statement of income EUR million 10-12/ 10-12/ Change % 1-12/ 1-12/ Change % 2025 2024 2025 2024 Sales 1,163.0 1,212.5 -4.1 4,187.8 4,227.0 -0.9 Other operating income 2.2 1.6 9.0 10.5 Materials, supplies and subcontracting -544.6 -593.0 -1,795.1 -1,878.2 Personnel cost -318.5 -315.8 -1,270.7 -1,264.
Slide 32: Balance sheet
Balance sheet EUR million 31 Dec 31 Dec EUR million 31 Dec 31 Dec 2025 2024 2025 2024 Non-current assets 1,981.8 2,069.2 Total Equity 2,087.4 1,857.7 Goodwill 1,041.1 1,058.4 Non-current liabilities 686.2 939.5 Intangible assets 417.7 449.9 Interest-bearing liabilities 303.7 539.3 Property, plant an
Slide 33: Cash flow statement
Cash flow statement EUR million 1-12/ 1-12/ 2025 2024 Operating income before change in net working capital 663.5 631.4 Change in net working capital 50.1 -5.3 Cash flow from operations before financing items and taxes 713.6 626.1 Financing items and taxes -144.0 -134.5 Net cash from operating activ
Slide 34: Thank you
Thank you either registered trademarks or trademarks of Konecranes Global Corporation. @ 2023 Konecranes. All rights reserved. 'Konecranes', 'Moves what matters' and are Contact information Linda Häkkilä Vice President, Investor Relations Email: linda.hakkila@konecranes.com, tel: +358 (0) 20 427 205