Konecranes Oyj · OMXHEX:KCR
Konecranes Oyj — Q3 2026 Earnings Presentation
33 slides from Konecranes Oyj's earnings presentation, Oct 23, 2026
Slide 1: Strong deliveries in the third quarter
October 23, 2026 Strong deliveries in the third quarter 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 Marko Tulokas Teo Ottola President & CEO CFO Questions & Answers 3 PUBLIC
Slide 4: Key points of the quarter
Key points of the quarter • Updated ambition and strategy announced in September • Updated financial targets, dividend policy and capital allocation framework • New long-term climate ambition set • Order intake was impacted by characteristic quarterly volatility in Port Solutions • Good demand envir
Slide 5: Strong deliveries and high profitability
Strong deliveries and high profitability Strong deliveries in Q3 Order intake Order book • Orders -12.7% Y/Y (comp. FX) • Net sales EUR 1,101 million, +10.3% Y/Y (comp. FX) 1,011 3,302 EUR million EUR million Order book improved year-on-year -12.7%* +6.9%* Excellent comparable EBITA margin at 15.6%
Slide 6: Sales increased year-on-year and sequentially
Sales increased year-on-year and sequentially Order intake Order intake, EUR million Net sales, EUR million -12.0% -12.7% Y/Y reported Y/Y comp. FX 1,500 1,500 1,149 1,101 1,011 1,070 • Increase in Industrial Service and 956 989 1,000 1,000 Industrial Equipment but decrease in Port Solutions 500 500
Slide 7: Konecranes' updated financial targets reflect increased ambition
Konecranes’ updated financial targets reflect increased ambition Konecranes Industrial Service Industrial Equipment Port Solutions Target: CAGR 7% Target: CAGR 7% Target: CAGR 6% Target: CAGR 7% Y/Y Y/Y Y/Y Y/Y Y/Y 17.9% 6.6% -0.9% 0.1% Y/Y Y/Y Y/Y 5.6% Y/Y Y/Y Y/Y Y/Y Y/Y Y/Y Y/Y Y/Y Y/Y Y/Y Y/Y 5.
Slide 8: Konecranes' updated financial targets reflect increased ambition
Konecranes’ updated financial targets reflect increased ambition Konecranes Industrial Service Industrial Equipment Port Solutions Target: 15-17%(1) Target: 23-25%(1) Target: 10-12%(1) Target: 9-12%(1) 21.0 21.8 21.8 19.9 18.6 14.0 13.6 13.1 11.4 10.5 10.5 9.5 9.0 9.4 8.7 9.3 7.0 7.5 6.3 2.7 2022 20
Slide 9: High profitability in the third quarter
High profitability in the third quarter Teo Ottola, CFO
Slide 10: Profitability on a high level in the third quarter
Profitability on a high level in the third quarter Comparable EBITA, EUR million and % Comparable EBITA, EUR million 300 16.7% 15.6% 13.4% 250 200 172 165 41 -30 143 200 -5 1 172 100 165 150 0 Q3/24 Q3/25 Q3/26 100 Comparable EBITA Comparable EBITA margin Comparable EBITA margin 50 • Profitability i
Slide 11: Industrial Service – Orders and sales increased in field service and parts
Industrial Service – Orders and sales increased in field service and parts Order intake and net sales, EUR million Order intake Order intake Net sales +2.6% Y/Y reported +1.2% Y/Y comp. FX 600 • Increase in parts and field service 372 392 390 383 400 398 400 • Increase in EMEA and APAC, stable in th
Slide 12: Industrial Equipment – Orders increased in standard cranes and components
Industrial Equipment – Orders increased in standard cranes and components Order intake and net sales, EUR million Order intake Net sales Order intake +4.6% Y/Y reported +3.6% Y/Y comp. FX 600 • External orders +3.0% Y/Y comp. FX 365 • Increase in standard cranes and components but decrease in 400 34
Slide 13: Port Solutions – solid delivery performance and high profitability
Port Solutions – solid delivery performance and high profitability Order intake and net sales, EUR million Order intake Order intake Net sales 600 -36.6% Y/Y reported -36.7% Y/Y comp. FX 453 401 420 • Increase EMEA but decrease in the Americas and APAC 400 334 326 288 • Customer activity was good in
Slide 14: Increase in net working capital driven by higher inventories and contract assets
Increase in net working capital driven by higher inventories and contract assets Net working capital, EUR million and % of R12M sales Free cash flow, EUR million NWC % of R12M net sales Target, % R12M FCF FCF 1000 600 561 500 424 750 NWC/R12M net sales target: <10% 400 10.4% 298 9.6% 300 500 214 436
Slide 15: Outlook for 2026
Outlook for 2026 Marko Tulokas, President & CEO
Slide 16: 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 17: 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. 17
Slide 18: SS — a |
SS — a |
Slide 19: Appendix
@ 2023 Konecranes. All rights reserved. 'Konecranes', 'Moves what matters' and are 19 either registered trademarks or trademarks of Konecranes Global Corporation. Appendix
Slide 20: Capacity utilization level in the EU and US broadly stable
Industrial Service and Industrial Equipment: Capacity utilization level in the EU and US broadly stable EU capacity utilization rate, % US manufacturing capacity utilization rate, % 90 90 85 85 80 77.9 80 75.9 75 75 70 70 65 65 60 60 +0.0pp +0.2pp 55 55 Y/Y Y/Y 50 50 Sep-16 Sep-18 Sep-20 Sep-22 Sep-
Slide 21: Manufacturing demand for industrial goods remains on a healthy level
Industrial Service and Industrial Equipment: Manufacturing demand for industrial goods remains on a healthy level Manufacturing PMIs Eurozone USA India China 75 70 65 60 55.9 55 55.1 52.9 50 52.1 45 40 35 30 25 Sep-19 Sep-20 Sep-21 Sep-22 Sep-23 Sep-24 Sep-25 Sep-26 Source: S&P Global 21
Slide 22: Port Solutions: Container throughput index continues at a high level
Port Solutions: Container throughput index continues at a high level RWI/ISL Container Throughput Index, Monthly index change Y/Y, % (2015 = 100) 160 20 141.9 140 15 120 10 100 5 +1% 0 80 Y/Y 60 -5 40 -10 20 -15 0 -20 8/16 8/18 8/20 8/22 8/24 8/26 8/16 8/18 8/20 8/22 8/24 8/26 Source: RWI/ISL: Month
Slide 23: Order book increased in Industrial Service and Industrial Equipment
Order book increased in Industrial Service and Industrial Equipment Order book, EUR million Order book Industrial Service Industrial Equipment Port Solutions 4,000 +8.0% +6.9% Y/Y reported Y/Y comp. FX 3,302 3,057 • EUR 3,302 million 3,000 2,847 • Increase in Industrial Service and Industrial Equipm
Slide 24: Balance sheet remains strong
Balance sheet remains strong Earnings per share (basic), EUR Net debt, EUR million Gearing, % EPS, basic R12M EPS, basic 2.0 1.68 1.62 1.50 300 267 1.5 Net debt Gearing-% 1.0 200 15.4% 0.43 0.44 0.50 0.5 0.0 100 Q3/24 Q3/25 Q3/26 R12M Comparable return on capital employed, % 0 -1.6% 30% -31 -5.0% 20
Slide 25: 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% 42% 51% Industrial Service Total service 12% EMEA Port Solutions 1,554 MEUR 1,849 MEUR APAC 2,143 MEUR 1,517 MEUR 484 MEUR % % % of R12M of R12M of R12M sales sales sales
Slide 26: Industrial Service agreement base and order book by Business Area
Industrial 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 1,695 1,708 1,537 1,500 1,500 1,500 1,126 1,000 1,000 930 1,000 867 469
Slide 27: Value for customers through circular services and electrified equipment
We create value for our broad customer base through circular services, and electrified and hybrid equipment offering Group BA Industrial Equipment BA Port Solutions Circular Services Fully electrified equipment Fully electrified and hybrid equipment 40% 100% 68% Share of Share of Share of 2026 YTD 2
Slide 28: Group key figures
Group key figures EUR million (unless otherwise stated) 7-9/2026 7-9/2025 Change % 1-9/2026 1-9/2025 Change % R12M 1-12/2025 Order intake 1,011.3 1,148.6 -12.0 3,318.2 3,307.6 0.3 4,400.0 4,389.3 Order book at end of period 3,302.3 3,057.4 8.0 2,988.4 Net sales total 1,101.5 988.7 11.4 3,028.8 3,024
Slide 29: Key figures by Business Areas
Key figures by Business Areas Change % Change % Industrial Service 7-9/2026 7-9/2025 Change % 1-9/2026 1-9/2025 Change % 1-12/2025 Comp. FX Comp. FX Order intake 400.4 390.3 2.6 1.2 1,192.1 1,180.0 1.0 2.4 1,561.1 Agreement base value 351.7 334.6 5.1 3.0 351.7 334.6 5.1 3.0 339.3 Net sales 398.4 383
Slide 30: Statement of income
Statement of income EUR million 7-9/2026 7-9/2025 Change % 1-9/2026 1-9/2025 Change % 1-12/2025 Net sales 1,101.5 988.7 11.4 3,028.8 3,024.8 0.1 4,187.8 Other operating income 0.7 2.2 4.2 6.8 9.0 Materials, supplies and -481.5 -396.6 -1,237.1 -1,250.5 -1,795.1 subcontracting Personnel cost -312.9 -3
Slide 31: Balance sheet
Balance sheet EUR million 30.9.2026 30.9.2025 EUR million 30.9.2026 30.9.2025 Non-current assets 1,950.9 2,003.5 Total Equity 2,153.4 1,951.7 Goodwill 1,044.3 1,041.0 Non-current liabilities 487.2 969.6 Intangible assets 390.7 426.0 Interest-bearing liabilities 118.1 565.5 Property, plant and equipm
Slide 32: Cash flow statement
Cash flow statement EUR million 1-9/2026 1-9/2025 1-12/2025 Operating income before change in net working capital 438.3 476.3 663.5 Change in net working capital -148.5 49.1 50.1 Net cash flows from operating activities before financing items and taxes 289.8 525.4 713.6 Financing items and taxes -96
Slide 33: Thank you
@ 2023 Konecranes. All rights reserved. 'Konecranes', 'Moves what matters' and are either registered trademarks or trademarks of Konecranes Global Corporation. Email: [email protected], tel: +358 (0) 20 427 2050 Thank you Interim Head of Investor Relations Contact information Ruusa Vallin