Konecranes Oyj

KCR

Equity

ISIN FI0009005870 / Valor 429534

NASDAQ Helsinki Ltd, Equities (2025-03-14)

EUR 68.05+1.42%

Konecranes Oyj
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About company

Konecranes Oyj, with its origins tracing back to 1910 when it was initially founded as an electrical motor repair shop under KONE Corporation, has evolved into a global leader in the material handling solutions sector. The company has expanded its operations significantly over the years, both organically and through a series of strategic acquisitions. Konecranes operates through three main business areas: Service, Industrial Equipment, and Port Solutions, catering to a diverse clientele across various industries. The company is renowned for its commitment to innovation, safety, and productivity, aiming to enhance the efficiency of material handling processes for its customers. Konecranes' extensive product and service portfolio includes a wide range of lifting equipment and technologies designed to meet the specific needs of its global customer base, reinforcing its position as a key player in the material handling industry.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Order Intake

In the third quarter of 2024, Konecranes Oyj reported an order intake of EUR 956.2 million, marking a 12.1 percent increase from the previous year's EUR 852.9 million. This growth was primarily driven by increased orders in the Service and Port Solutions segments, although there was a decline in the Industrial Equipment segment.

Sales Growth

Konecranes Oyj achieved sales of EUR 1,069.9 million in Q3 2024, representing a 6.4 percent increase compared to EUR 1,005.1 million in Q3 2023. Sales growth was observed across all segments, contributing to the overall positive performance for the quarter.

Profitability

The company's operating profit for Q3 2024 was EUR 138.1 million, which is 12.9 percent of sales, compared to EUR 97.2 million or 9.7 percent of sales in the same period last year. This improvement in profitability was supported by effective pricing strategies and higher sales volumes.

Earnings Per Share

Konecranes Oyj reported diluted earnings per share of EUR 1.27 for the third quarter of 2024, up from EUR 0.88 in the same quarter of the previous year. This significant increase reflects the company's enhanced profitability and operational efficiency.

Free Cash Flow

For Q3 2024, Konecranes Oyj generated a free cash flow of EUR 187.1 million, compared to EUR 114.6 million in Q3 2023. The increase in free cash flow indicates improved cash generation capabilities, supporting the company's financial stability and future growth initiatives.

Summarized from source with an LLMView Source

Key figures

37.7%1Y

124%3Y

289%5Y

Performance

30.6%1Y

34.5%3Y

38.0%5Y

Volatility