Konecranes Oyj · OMXHEX:KCR
Konecranes Oyj — Konecranes Plc Ord — Q2 2025 Earnings Presentation
31 slides from Konecranes Oyj's earnings presentation, Jul 24, 2025
Slide 1: Strong performance continued
July 24, 2025 Strong performance continued Q2 2025 results Marko Tulokas, President & CEO Teo Ottola, CFO © 2025 INTERNAL
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: Driving sustainable and profitable growth towards our financial targets
Driving sustainable and profitable growth through our global presence towards our financial targets Business Area strategies Updated financial targets Industrial Service Sales Growth through agreement base expansion and bolt- Growth faster than the market1 on M&A Industrial Equipment Comparable EBIT
Slide 5: Q2 2025 – Strong performance continued
Q2 2025 – Strong performance continued Order intake Net sales (MEUR) (MEUR) Demand environment remained good +13% +2% • Orders +17.1% Y/Y (comp. FX) 1,097 1,032 1,052 968 • Net sales EUR 1,052 million, +5.3% Y/Y (comp. FX) Strong comparable EBITA margin • The same record-high level of 14.3% as in Q2
Slide 6: Market environment – Industrial Service and Industrial Equipment
Market environment – Industrial Service and Industrial Equipment EU capacity utilization rate, % US capacity utilization rate, % Manufacturing PMIs 90 90 90 European Union Total industry Manufacturing Brazil India 85 China 50-mark 85 85 80 European Union USA 75 80 80 77.6 70 75 77.8 75 76.8 65 60 70
Slide 7: Market environment – Port Solutions
Market environment – Port Solutions RWI/ISL Container Throughput Index (2015 = 100) Monthly index change Y/Y, % 160 20 138.3 140 15 120 10 100 5 +7% 80 Y/Y 0 5/2025 60 -5 40 -10 20 -15 0 -20 5/15 5/16 5/17 5/18 5/19 5/20 5/21 5/22 5/23 5/24 5/25 5/15 5/16 5/17 5/18 5/19 5/20 5/21 5/22 5/23 5/24 5/25
Slide 8: Growth in group order intake and net sales
Growth in group order intake and net sales Order intake, EUR million Order intake 1500 +13.3% +17.1% 1,093 1,097 Y/Y reported Y/Y comp. FX 968 1000 • Increase in Industrial Equipment and Port 500 Solutions, decrease in Industrial Service • Increase in EMEA and the APAC, decrease 0 in the Americas Q2
Slide 9: Group order book remains on a good level
Group order book remains on a good level Order book, EUR million Industrial Service Industrial Equipment Port Solutions Order book 4500 -2.4% +0.2% Y/Y reported Y/Y comp. FX 3750 3,411 • EUR 2,915 million 2,987 2,915 3000 • Decrease in Industrial Service and Port Solutions, approximately flat in Ind
Slide 10: Record-high comparable EBITA margin reached once again
Record-high comparable EBITA margin reached once again Comparable EBITA, EUR million and % Comparable EBITA margin EBITA EBITA-% R12M EBITA-% 14.3% 0.0 pp Y/Y change 300 • Increase in Industrial Service and Port Solutions, decrease in 14.3% 14.3% Industrial Equipment 200 12.3% 13.0% • Gross margin s
Slide 11: Konecranes upgraded its EBITA margin targets
Konecranes upgraded its EBITA margin targets Group Industrial Service Industrial Equipment Port Solutions Target: 13-16%(1) Target: 21-25%(1) Target: 8-11%(1) Target: 9-11%(1) 21.0 21.2% 19.9 18.5 18.6 17.2 13.1 13.0 11.4 9.8 9.5 10.1 9.0 9.3 8.2 7.0 7.4 7.5 7.7 6.3 5.6 3.5 2.3 2.7 2020 2021 2022 20
Slide 12: Demand outlook
Demand outlook Within industrial customer segments: Within port customers: Global container throughput continues on a high level, and long-term prospects related Americas EMEA Asia-Pacific to global container handling remain good overall. Our demand environment within industrial customer segments ha
Slide 13: Financial guidance for 2025
Financial guidance for 2025 Net sales expected to remain approximately on the same level in 2025 compared to 2024. Comparable EBITA margin expected to remain approximately on the same level or to improve in 2025 compared to 2024. 13
Slide 14: Q2 2025 comparable EBITA bridge
Q2 2025 comparable EBITA bridge EUR million 250 200 32 -17 -3 -8 147 150 150 100 14.3% 14.3% Comparable EBITA Comparable EBITA 50 margin margin 0 Comparable EBITA Volume, Variable Fixed FX translation Comparable EBITA Q2 2024 pricing & mix costs costs impact Q2 2025 14 PUBLIC
Slide 15: Industrial Service – improved comparable EBITA margin despite lower volumes
Industrial Service – improved comparable EBITA margin despite lower volumes Order intake and net sales, EUR million Order intake Order intake Net sales -6.3% Y/Y reported -1.7% Y/Y comp. FX 600 • Decrease in field service and parts 406396 381 386 400 374 365 • Increase in APAC, decrease in the Ameri
Slide 16: Industrial Equipment – solid order intake
Industrial Equipment – solid order intake Order intake and net sales, EUR million Order intake Order intake Net sales +4.3% Y/Y reported +8.9% Y/Y comp. FX 600 • External orders +11.7% Y/Y comp. FX • Increase in process cranes and components, decrease in 400 332305 305327 318300 standard cranes • In
Slide 17: Port Solutions – record-high comparable EBITA margin
Port Solutions – excellent performance resulted in a record-high comparable EBITA margin Order intake and net sales, EUR million Order intake Order intake Net sales +41.4% Y/Y reported +41.8% Y/Y comp. FX 600 420 436408 • Increase in the Americas and EMEA, decrease in APAC 400 308 348 • Excellent or
Slide 18: Good net working capital management and strong free cash flow
Good net working capital management and strong free cash flow Net working capital, EUR million, % of R12 sales Free cash flow, EUR million NWC % of R12M sales FCF R12M FCF 800 800 700 700 11.2% 600 11.4% 600 534 8.2% 500 458 500 424 400 354 400 352 300 300 283 200 200 114 118 100 100 22 0 0 Q2/23 Q2
Slide 19: Gearing and return on capital employed
Gearing and return on capital employed Equity & net debt, EUR million Capital employed, EUR million Gearing, % Comparable return on capital employed, % Equity Net debt Gearing-% Capital employed Comp. ROCE-% 2000 4000 1,843 21.8% 42.3% 20.2% 1750 1,634 3500 17.2% 1500 1,435 3000 2,592 2,574 2,422 12
Slide 20: ce! mam = a
a | ce! mam = a
Slide 21: Appendix
@ 2023 Konecranes. All rights reserved. 'Konecranes', 'Moves what matters' and 21 are either registered trademarks or trademarks of Konecranes Global Corporation. Appendix PUBLIC
Slide 22: Konecranes' exposure to US tariffs
Konecranes’ exposureto US tariffs Annual volume: Actions taken: Industrial Service <€50m • Price increases Industrial Equipment ~€100m applied to all parts Port Services ~€30m imported from Europe • Price increases also Annual volume applied to light lifting Annual volume equipment and Industrial Eq
Slide 23: 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 36% 35% 42 % 14 % 48 % Port Solutions Service Total service APAC EMEA 1,633 MEUR 1,578 MEUR 1,884 MEUR 584 MEUR 2,083 MEUR % % % of R12M of R12M of R12M sales sales sales 28% 58%
Slide 24: 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 1000 1,966 Order book Agreement base 1600 2000 1,604 1,575 750 1200 1500 968 912 913 477 471 500 800 1000 427 332 331 314 250 4
Slide 25: Group key figures 1/2
Group key figures 1/2 EUR million 4-6/ 4-6/ Change % Change % 1-6/ 1-6/ Change % Change % 1-12/ 2025 2024 Comp. FX 2025 2024 Comp. FX 2024 Orders received, MEUR 1096.8 967.7 13.3 17.1 2159.0 1876.8 15.0 15.8 3,999.6 Order book at end of period, MEUR 2914.8 2987.1 -2.4 2,888.4 Sales total, MEUR 1052.
Slide 26: Group key figures 2/2
Group key figures 2/2 EUR million 1-6/ 1-6/ Change % 1-12/ 2025 2024 2024 ROCE, %, (R12M) 21.3 19.2 11.1 20.3 Return on equity, %, (R12M) 22.0 21.2 4.0 21.3 Equity per share (EUR) 23.27 20.63 12.8 23.45 Net debt / Comparable EBITDA, (R12M) 0.3 0.7 -66.0 0.3 Equity to asset ratio, % 46.6 41.7 11.8 44
Slide 27: Key figures by segment
Key figures by segment EUR million 4-6/ 4-6/ Change % Change % 1-6/ 1-6/ Change % Change % 1-12/ 2025 2024 Comp. FX 2025 2024 Comp. FX 2024 Industrial Service Orders received, MEUR 381.0 406.4 -6.3 -1.7 789.7 794.9 -0.7 0.5 1,559.0 Agreement base value, MEUR 331.3 331.8 -0.1 4.5 331.3 331.8 -0.1 4.5
Slide 28: Statement of income
Statement of income EUR million 4-6/ 4-6/ Change % 1-6/ 1-6/ Change % 1-12/ 2025 2024 2025 2024 2024 Sales 1052.4 1031.5 2.0 2036.1 1944.6 4.7 4,227.0 Other operating income 2.1 3.1 4.5 7.7 10.5 Materials, supplies and subcontracting -455.3 -436.7 -853.9 -796.6 -1,878.2 Personnel cost -312.8 -312.3
Slide 29: Balance sheet
Balance sheet EUR million 30 Jun 30 Jun EUR million 30 Jun 30 Jun 2025 2024 2025 2024 Non-current assets 2014.2 2007.4 Total Equity 1843.1 1633.7 Goodwill 1041.9 1044.3 Non-current liabilities 1030.6 808.4 Intangible assets 435.0 451.8 Interest-bearing liabilities 618.4 428.9 Property, plant and equ
Slide 30: Cash flow statement
Cash flow statement EUR million 1-6/ 1-6/ 1-12/ 2025 2024 2024 Operating income before change in net working capital 284.2 277.6 631.4 Change in net working capital -26.2 -99.5 -5.3 Cash flow from operations before financing items and taxes 258.0 178.1 626.1 Financing items and taxes -59.0 -83.1 -13
Slide 31: Thank you
Thank you are either registered trademarks or trademarks of Konecranes Global Corporation. @ 2023 Konecranes. All rights reserved. 'Konecranes', 'Moves what matters' and Contact information Linda Häkkilä Vice President, Investor Relations Email: linda.hakkila@konecranes.com, tel: +358 (0) 20 427 205