Kalmar Oyj B (KMROF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Kalmar's Q2 results webcast. My name is Kamilla Maikola, and I'm from Kalmar's Investor Relations. Today's results will be presented by our president and CEO, Sami Niiranen, and CFO, Sakari Ahdekivi. The presentation will be followed by a Q&A. And please pay attention to the disclaimer, as we will be making forward-looking statements. And now, over to you, Sami. Thank you very much, Camilla, and good morning, everyone. I'm proud to share with you Kalmar's second quarter's performance, showing a continued strong order intake and a steady progress in our key strategic initiatives. 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. Our orders received increased by 20% from last year and overall demand was favorable in Q2. Sales returned to modest growth and increased by 1%. We delivered a resilient profitability of 13.1%, which was supported by the strong equipment profitability. However, there is an increased level of market uncertainties today affected by, for example, new tariff announcements and geopolitical tensions, which is posing a potential risk of slower global growth in the second half of 2025. We keep our guidance unchanged and we expect our comparable operating profit margin to be above 12% in 2025. As mentioned, our orders received in the second quarter increased by 20% compared to last year and totaled 450 million euros, reflecting positive activity and growth in both equipment and services. The order book remained on a good level. Despite prevailing uncertainties, the demand picture overall was favorable during the quarter. In ports and terminals, the demand remained strong globally and was reflect...