Q1 2026 Konecranes Oyj Earnings Call Transcript
Key Points
- Konecranes Oyj (KNCRF) achieved the highest ever Q1 EBITA margin of 11.6%, indicating strong profitability despite lower volumes.
- Order intake grew by almost 4% year-on-year with comparable currencies, reflecting a strong demand environment.
- The order book reached EUR 3.2 billion, the highest level in the last three years, providing a solid foundation for future sales.
- The company demonstrated effective cost control and pricing strategies, contributing to improved profitability.
- Konecranes Oyj (KNCRF) maintained a positive book-to-bill ratio, indicating a strong order pipeline and future revenue potential.
- Geopolitical uncertainties, particularly the conflict in the Middle East, have created supply chain discrepancies and customer apprehension.
- Sales volumes were lower than expected, impacting overall revenue growth.
- The Industrial Equipment segment experienced a slight decrease in EBITA margin due to lower volumes.
- Freight and fuel costs have risen, although the impact on Q1 results was limited.
- The US tariffs remain in place, with negligible net effect, but continue to pose a potential risk to cost structures.
Hello all, and welcome to follow Konecranes' Q1 2026 results webcast. Apologies for the small delay. We had some technical issues here at the studio.
My name is Linda Hakkila, I'm the Head of Investor Relations here at Konecranes. And with me today as our main speakers, we have our President and CEO, Marko Tulokas; and our CFO, Teo Ottola. Before we continue, I would like to remind you about the disclaimer as we might be making forward-looking statements.
As usual, we will first start with our presentations, both from the CEO and CFO. And after that, we're happy to answer your questions through the conference call lines. But now without any further comments, I would like to hand over to our CEO.
Thank you, Linda, and good afternoon, everybody. I'd like to start by describing the first quarter operating environment and some of the key parameters to this first quarter.
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