Kalmar Oyj B (KMROF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Kalmar's first quarter results webcast. My name is Karina Geberteir, and I'm heading the investor relations at Kalmar. Today's result will be presented by our president and CEO Sami Niiranen and CFO Sakari Ahdekivi. The presentation will be followed by a Q&A. And as always, please pay attention to the disclaimer. And now over to you, Sami. Thank you very much, Karina, and good morning, everyone. I'm pleased to share with you Kalmar's first quarter's results, which demonstrate solid performance driven by our focus on operational and commercial excellence. We managed to generate stable revenues and a resilient margin by successfully leveraging Kalmar's leading position in the market and driving excellence in our operations. We advanced our strategy towards sustainable growth and focused on building upon the strong foundation. Our orders received increased by 20% from last year, and overall demand was favorable in Q1. Despite lower sales, we delivered a resilient profitability of 12.0%, which was supported by the record high services profitability. We have continued our focus on growth and investments in sustainable innovations, and we are proud to announce the launch of a five-year Move to Green R&D program, including a 20 million euros funding from Business Finland. However, today there is an increased level of uncertainties in the market environment, affected by, for example, the recent tariff announcements and geopolitical tensions. As mentioned, our orders received in the first quarter increased by 20% compared to last year, and totaled 480 million euros, following the good development from the previous quarter. Demand in ports and terminals remained stable. We saw some early market recovery signals in the beginning of the qua...