Half Year 2026 Konecranes Oyj Earnings Call Transcript
Key Points
- Konecranes Oyj (KNCRF) reported a strong order intake growth of 30% year-on-year, leading to the highest order book in three years.
- The company announced a significant acquisition of a 70% majority interest in Mitsubishi Electric Corporation's wired hoist and geared motor business in Japan, marking a strategic expansion.
- Order intake was strong across all three business areas, with notable growth in Port Solutions and Industrial Equipment.
- The company maintained solid margins despite a challenging volume environment, demonstrating effective cost control.
- Konecranes Oyj (KNCRF) expressed confidence in its demand outlook, supported by a robust order book and stable profitability development.
- Sales were slightly behind the previous year, primarily due to timing issues in port deliveries and customer apprehension in industrial services.
- The company experienced a decline in group comparable EBITDA by 1.6 percentage points, attributed to lower volumes.
- Free cash flow was negative in the second quarter, impacted by timing issues related to order intake and advanced payments.
- The service segment faced challenges with lower sales despite good order intake, attributed to slower invoicing from the agreement base.
- Geopolitical uncertainties and volatile tariff policies continue to pose risks to the demand outlook.
Hello all, and welcome to follow Konecranes' Q2 2026 results webcast. My name is Linda Häkkilä. I'm the VP, Investor Relations here at Konecranes. And today with me as our main speakers, we have our 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 per usual, we will first start with a presentation from our CEO, after that, our CFO, and then we are happy to answer your questions in the Q&A session.
But now, without any further comments, I would like to hand over to our CEO.
Thank you very much, Linda, and good afternoon from my behalf also.
I'd like to start with some key topics of the quarter and start with commenting the customer activity. And I'm happy to say that we had a continued very strong and good customer activity throughout
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