Konecranes Oyj

KCR

Equity

ISIN FI0009005870 / Valor 429534

NASDAQ Helsinki Ltd, Equities (2024-09-17)

EUR 61.00+2.01%

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

Konecranes Oyj reported an order intake of EUR 1,876.8 million for the first half of 2024, a decrease of 21.2 percent compared to EUR 2,382.5 million in the same period of 2023. This decline was consistent on a comparable currency basis, reflecting a challenging market environment.

Sales Growth

For the first half of 2024, Konecranes Oyj achieved sales of EUR 1,944.6 million, marking a 7.3 percent increase from EUR 1,812.3 million in the first half of 2023. This growth was observed across all segments and was slightly higher on a comparable currency basis at 7.8 percent.

Comparable EBITA Margin

Konecranes Oyj's comparable EBITA margin improved to 12.8 percent in the first half of 2024, up from 10.7 percent in the same period of 2023. The comparable EBITA amounted to EUR 249.0 million, compared to EUR 193.7 million in the previous year, driven by better pricing, higher volumes, and effective strategy execution.

Operating Profit

The operating profit for Konecranes Oyj in the first half of 2024 was EUR 226.9 million, representing 11.7 percent of sales. This was an increase from EUR 183.7 million, or 10.1 percent of sales, in the first half of 2023. Items affecting comparability totaled EUR 6.7 million, mainly due to restructuring costs.

Earnings Per Share

Konecranes Oyj reported diluted earnings per share of EUR 2.00 for the first half of 2024, a significant increase from EUR 1.38 in the same period of 2023. This improvement reflects the company's strong operational performance and effective cost management.

Summarized from source with an LLMView Source

Key figures

91.8%1Y

61.3%3Y

99.8%5Y

Performance

29.5%1Y

36.2%3Y

38.7%5Y

Volatility