Kalmar Corporation Class B · OMXHEX:KALMAR
Kalmar Corporation Class B — Kalmar Oyj B — Q2 2025 Earnings Presentation
38 slides from Kalmar Corporation Class B's earnings presentation, Jul 25, 2025
Slide 1: Kalmar interim report January–March 2025
Kalmar interim report January–March 2025 Solid first quarter with strong order intake
Slide 2: Solid first quarter with strong order intake
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Kalmar's interim report January–March 2025: Solid first quarter with strong order intake • Overall favourable demand environment • Equipment segment orders increased by 31 percent year-on-year • Record-high services profitabi
Slide 3: President & CEO Sami Niiranen
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) President & CEO Sami Niiranen: by starting the sale of our third generation electric terminal tractor (OT2 EV) in North America. Additionally, we will expand our global delivery capability with the startup of electric empty T
Slide 4: Vision and strategy
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Vision and strategy • Growing services and expanding our aftermarket footprint with a focus on harvesting on our vast installed base, improving capture rate, increasing the share of recurring business through Kalmar is a mark
Slide 5: Kalmar's key figures
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Kalmar’s key figures MEUR Q1/25 Q1/24 Change 2024 Carve-out Orders received 480 402 20% 1,679 Order book, end of period 1,041 972 7% 955 Sales 398 439 -9% 1,720 Eco portfolio sales 170 176 -3% 698 Eco portfolio sales, % of sa
Slide 6: Reporting segments' key figures
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Reporting segments’ key figures Orders received Operating profit MEUR Q1/25 Q1/24 Change 2024 MEUR Q1/25 Q1/24 Change 2024 Carve-out Carve-out Equipment 322 247 31% 1,099 Equipment 28.2 39.3 -28% 139.4 Services 158 155 2% 580
Slide 7: Telephone conference for analysts, investors and media
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Telephone conference for analysts, investors and media A live international telephone conference for analysts, investors and media will be arranged on the publishing day at 10:00 a.m. EEST. The event will be held in English.
Slide 8: Operating environment
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Kalmar's interim report January–March 2025 Forward-looking statements The interim report provides estimates on future prospects involving risk and uncertainty factors, and other factors as a result of which the performance, o
Slide 9: Group financial performance
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Group financial performance Orders received and order book Orders received, MEUR MEUR Q1/25 Q1/24 Change 2024 600 Carve-out 486 480 Orders received 480 402 20% 1,679 437 Eco portfolio orders received 213 n/a n/a 450 405 402 4
Slide 10: Sales
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Sales Sales, MEUR MEUR Q1/25 Q1/24 Change 2024 750 Carve-out Sales 398 439 -9% 1,720 552 Eco portfolio sales 170 176 -3% 698 503 509 20 500 14 6 439 440 142 418 425 145 0 1 398 January–March 2025 135 0 1 1 136 139 146 In the
Slide 11: Impacts of currencies
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Sales by segment Q1/2025, % Sales by geographical area Q1/2025, % 0.3% (0.0%) 23% 23% (18%) 36% (31%) Equipment Europe 45% Services (44%) Americas Other AMEA 63% (69%) 31% 31% (38%) Impacts of currencies Orders Sales received
Slide 12: Group financial result
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Group financial result Comparable operating profit, MEUR and % Operating profit and comparable operating profit 100 13.5% 15% 13.0% 13.2% MEUR Q1/25 Q1/24 Change 2024 12.3% 12.6% 11.8% 12.1% 12.0% Carve-out 80 12% Operating p
Slide 13: Driving excellence, cash flow and financing
Driving excellence Cash flow and financing In May 2024, as part of the demerger and listing prospectus, Kalmar Corporation announced its Cash flow new strategy and plan towards sustainable and profitable growth. The driving excellence Cash flow from operating activities before financial items and ta
Slide 14: Reporting segments: Equipment
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Reporting segments Equipment Equipment; Sales, orders received, order book, MEUR MEUR Q1/25 Q1/24 Change 2024 500 Orders received 322 247 31% 1,099 1,146 1,250 1,063 Order book, end of period 902 859 5% 831 400 Sales 252 303
Slide 15: Services
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Services Services; Sales, orders received, order book, MEUR MEUR Q1/25 Q1/24 Change 2024 250 136 150 Orders received 158 155 2% 580 120 Order book, end of period 136 105 29% 120 200 108 110 120 105 103 Sales 145 136 6% 560 98
Slide 16: Other information
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Other information Sustainability Research and development Kalmar’s sustainability work is based on the environmental, social and governance (ESG) Research and product development expenditure in the first quarter totalled EUR
Slide 17: Leadership Team
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) In the Services segment, Kalmar has focused on further elevating its digital service offering and platforms to improve customer experience and online availability. MyKalmar customer platform Leadership Team is continuously be
Slide 18: Shares and trading
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) The Board of Directors At the end of March 2025, Kalmar held a total of 181,389 own class B shares, accounting for 0.28 The number of the Board members was confirmed at eight (8). Jaakko Eskola, Lars Engström, percent of the
Slide 19: Largest shareholders
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) At the end of the period, the number of registered shareholders was 41,117. The number of Finnish household shareholders was 39,142, corresponding to around 16,8 percent ownership of In accordance with the Charter of the Nomi
Slide 20: Risks and uncertainties
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) conflict in the Middle East. These conflicts may also cause delays in transportation of either parts related to the introduction of new technologies, which may arise in product development, the or delivery of products due to
Slide 21: Events after the reporting period and guidance for 2025
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Events after the reporting period On 8 April 2025 Kalmar announced that Mathias Höglund, Kalmar’s SVP, Human Resources and member of the Kalmar leadership team will leave the company as of April 8th, 2025 and that the recruit
Slide 22: Consolidated statement of income
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Consolidated statement of income Consolidated statement of comprehensive income MEUR Note Q1/25 Q1/24 2024 MEUR Q1/25 Q1/24 2024 Carve-out Carve-out Sales 4, 13 398.1 439.1 1,720.5 Profit for the period 34.1 33.4 127.9 Cost o
Slide 23: Consolidated balance sheet
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Consolidated balance sheet EQUITY AND LIABILITIES, MEUR Note 31 Mar 2025 31 Mar 2024 31 Dec 2024 Carve-out ASSETS, MEUR Note 31 Mar 2025 31 Mar 2024 31 Dec 2024 Equity attributable to the shareholders of the Carve-out parent
Slide 24: Consolidated statement of changes in equity
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Consolidated statement of changes in equity Attributable to the shareholders of the parent company Invested Reserve for equity and invested Non- retained Fair value unrestricted Translation Retained controlling MEUR earnings
Slide 25: Consolidated statement of cash flows
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Consolidated statement of cash flows MEUR Note Q1/25 Q1/24 2024 MEUR Note Q1/25 Q1/24 2024 Net cash flow from financing activities Net cash flow from operating activities Treasury shares acquired — — -8.0 Profit for the perio
Slide 26: Notes to the interim report
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Notes to the interim report expectations on future events, which can be considered reasonable. The actual amounts may differ significantly from the estimates used in the financial statements. Kalmar follows the 1. General inf
Slide 27: Segment information and sales by geographical area
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) the CEO. Segment reporting follows the operational structure and Equipment segment is Sales by geographical area, MEUR Q1/25 Q1/24 2024 aggregated from operating segments in the equipment business area. The aggregated operati
Slide 28: Items affecting comparability
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Items affecting comparability, MEUR Q1/25 Q1/24 2024 Orders received by geographical area, % Q1/25 Q1/24 2024 Equipment -0.9 — -10.7 Europe 47% 44% 44% Services -1.4 0.0 0.0 Americas 32% 32% 31% Other — -8.2 -31.7 AMEA 21% 23
Slide 29: Revenue from contracts with customers; share-based payments
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) 4. Revenue from contracts with customers Share-based long-term incentive plans After the demerger of Cargotec Corporation in 2024, Kalmar’s Board decided to continue the Kalmar, MEUR Q1/25 Q1/24 2024 earlier share-based long-
Slide 30: Comparable operating profit
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Restricted Share Plan The Restricted Share Plan consists of annually commencing individual restricted share plans. Each plan comprises a restriction period with an overall length of three years, extending to the first half of
Slide 31: Capital expenditure, net working capital, taxes
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) 7. Capital expenditure, depreciation, amortisation and impairment 9. Net working capital Capital expenditure, MEUR Q1/25 Q1/24 2024 MEUR 31 Mar 2025 31 Mar 2024 31 Dec 2024 Owned assets Inventories 459.4 452.9 437.3 Intangibl
Slide 32: Interest-bearing net debt and liquidity; derivatives
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) 10. Interest-bearing net debt and liquidity MEUR 31 Mar 2025 31 Mar 2024 31 Dec 2024 Carve-out MEUR 31 Mar 2025 31 Mar 2024 31 Dec 2024 Cash and cash equivalents 315.6 79.6 260.6 Carve-out Cash pool receivables, Cargotec Grou
Slide 33: Contingent liabilities and commitments
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Nominal values of derivative financial instruments are parties to legal actions and claims which arise in the ordinary course of business. While the outcome of some of these matters cannot precisely be foreseen, they are not
Slide 34: Acquisitions and disposals; events after the reporting period
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Balances with Cargotec Group Between August 2023 and May 2024 Kalmar acquired software consulting services from an entity, which is controlled by a member of top management. Total value of the acquired services At the date an
Slide 35: Calculation of key figures
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Calculation of key figures IFRS key figures Profit attributable to the shareholders of the parent company Basic earnings per share (EUR) = Average number of outstanding shares during the period Profit attributable to the shar
Slide 36: Key figure definitions
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Key figure Definition Reason for use Reconciliation Items significantly affecting comparability = Items affecting comparability include income Factor used to calculate Comparable operating Note 6. Comparable operating profit
Slide 37: Key figure definitions: cash conversion
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Key figure Definition Reason for use Reconciliation Cash conversion (%) = Cash flow from operations before financing Cash conversion is used to evaluate efficiency in Statement of cash flows items and taxes, last 12 months te
Slide 38: Quarterly key figures
Kalmar, interim report January–March 2025, 29 April 2025 at 9:00 AM (EEST) Quarterly key figures Kalmar Q1/25 Q4/24 Q3/24 Q2/24 Q1/24 Q4/23 Q3/23 Q2/23 Last 12 months Carve-out Carve-out Carve-out Carve-out Carve-out (LTM) Orders received MEUR 480 486 416 375 402 405 392 437 1,758 Order book MEUR 1,