Duyuru • 12h
Konecranes Plc Announces Executive Changes Konecranes appoints Mara Zavagno as Executive Vice President, People & Culture as of 1 October 2026. She will join the Konecranes Leadership Team and report to President and CEO Marko Tulokas. She will succeed Konecranes' current Executive Vice President, People & Culture, Anneli Karkovirta, who will retire, as announced earlier this year. Anneli Karkovirta will step down from the Konecranes Leadership Team on 1 August 2026. Mara Zavagno (b. 1973) is currently Vice President, People & Culture in the Industrial Equipment Business Area and Chief Inclusion & Diversity Officer on group level. She joined Konecranes in 2017 in conjunction with the Terex MHPS acquisition. Before Konecranes, she held several senior Human Resources leadership positions at Terex Corporation and Sanitec Group. She has a Bachelor's degree in Political Science and Economics from the University of Padova, Italy. Reported Earnings • Jul 26
Second quarter 2026 earnings released: EPS: €0.38 (vs €0.42 in 2Q 2025) Second quarter 2026 results: EPS: €0.38 (down from €0.42 in 2Q 2025). Revenue: €1.02b (down 3.1% from 2Q 2025). Net income: €90.6m (down 9.8% from 2Q 2025). Profit margin: 8.9% (in line with 2Q 2025). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 24
Konecranes plc Reiterates Earnings Guidance for the Year 2026 Konecranes Plc reiterated earnings guidance for the year 2026. For the year, the company expects net sales to remain approximately on the same level or to increase in 2026 compared to 2025. Duyuru • May 21
Konecranes Oyj Unveils Modular Generation D Lift Truck Platform With Global Launch Of New Reach Stackers Konecranes introduced its new Generation D lift truck platform at the TOC Europe exhibition in Hamburg, Germany, marking a transition to a modular generation of equipment designed for maximum performance with minimum complexity. The first Generation D models are diesel and electric reach stackers, now available for ordering. The global, modular Generation D platform enables Konecranes lift trucks to be easily configured for customers' different operational needs, while the common architecture simplifies fleet management and maintenance. The platform will meet all upcoming EU regulatory requirements, including those covering machinery safety and cybersecurity. Generation D is built on open cyber-secure digital architecture that can integrate seamlessly with terminal operating systems and third-party applications. Over-the-air update capabilities help keep equipment software up to date, maintain optimal performance, and enable new features to be added over time. Remote monitoring and diagnostics capabilities support troubleshooting and maintenance activities, ultimately helping to reduce unexpected downtime. The new Konecranes diesel reach stackers introduced on the Generation D platform continue to deliver the proven performance that makes the model so popular with customers. The machines combine their familiar durability with simplified and highly predictable maintenance for even higher uptime in demanding container handling operations. The new electric reach stackers on the Generation D platform produce zero tailpipe emissions during operation. Acceleration can be up to 25% faster than comparable diesel models, while a selection of market-leading high-energy-density battery packages and fast-charging combinations optimize the electric reach stacker for single shifts or 24/7 operations. Both the diesel and electric versions retain the familiar ergonomics and superior visibility from earlier generations, complemented by a new Konecranes intuitive digital interface that provides a clear view of core operational data, making it easier for drivers to focus on their work. Initially the Generation D reach stackers will be prioritized for the European and North American markets due to upcoming regulations. Konecranes is already working on expanding the Generation D lift truck platform to also include forklifts and empty and laden container handlers. This launch is part of Ecolifting, Konecranes' comprehensive step-by-step roadmap to zero tailpipe emissions that supports the decarbonization of port operations. solutions range from renewable diesel-powered drives, to hybrid and fully-electrified fleets, and emerging options like hydrogen, all designed to meet the needs of each customer and for the future. A strong focus on customers and commitment to business growth and continuous improvement make Konecranes a material handling industry leader. This is underpinned by investments in digitalization and technology, plus work to make material flows more efficient with solutions that support the decarbonization of the economy and advance circularity and safety. Duyuru • May 01
Konecranes plc Reiterates Financial Guidance for Year 2026 Konecranes Plc reiterated financial guidance for year 2026. For the year, The company expects its net sales to remain approximately on the same level or to increase in 2026 compared to 2025. Duyuru • Apr 15
Konecranes Shows Electrified Lift Trucks, Mobile Harbor Cranes and Horizontal Transport Solutions At Intermodal South America 2026 Konecranes is showing its electrified lift trucks, mobile harbor cranes and horizontal transport solutions at Intermodal South America 2026 in São Paulo, Brazil from April 14- April 16. Ports and terminals on the continent are turning to Konecranes as they transition to electrified and automated operations, supported by a comprehensive network of local distributors and service partners. A Brazilian customer recently became the first operator in South America to adopt Konecranes electric empty container handlers. Two units of the Konecranes E-ACE 7/8 ECC 90 will support daily stacking and repositioning at the Port of Santos in Brazil. This follows earlier electrification developments in Brazil supported by Konecranes, including the adoption of electric RTGs at container terminals. The full Konecranes portfolio of electric lift trucks is available in South America. A recent addition is the Konecranes electric reach stacker, which delivers up to 16 hours of operation on a single charge. Downtime is minimized through a fast-charging capability that allows the batteries to be fully recharged in as little as 1-3 hours. The new lift trucks combine high performance with strong safety and ergonomic standards, ensuring a comfortable and efficient operator environment. They are also equipped with TRUCONNECT Remote Monitoring, providing real-time insights to support preventive maintenance and maximize equipment uptime. On the quay side, the newly launched Konecranes Gottwald ESP.4 Mobile Harbor Crane extends the Generation 6 portfolio and supports the diverse operational requirements of South America's ports and terminals. The newest mobile harbor crane family member is the smallest in size - but not in capability - providing a high level of multi-purpose handling across container, bulk material and general/project cargo for smaller ports in particular. This new crane offers the best from the Generation 6, with the modular drive enabling fully electric operation while allowing hybrid and diesel configurations where required. Electric drive technology provides a common foundation across the Konecranes portfolio, supporting consistent performance and standardized maintenance for different equipment types and environments. Konecranes also offers electrification solutions for horizontal transport and ship-to-shore operations. Across South America, a strong network of local distributors and service partners provide Konecranes spare parts and technical expertise for specific operating conditions. This presence ensures reliable equipment performance and positions Konecranes to support customers' long-term fleet development. Duyuru • Mar 10
Konecranes Plc (HLSE:KCR) acquired Ex-Kcranes Service Co., Ltd. Konecranes Plc (HLSE:KCR) acquired Ex-Kcranes Service Co., Ltd during Q1 2026. In related transaction, Konecranes acquired Trimate Industries Ltd. The annual combined sales for these two acquisitions are €2.5 million and the companies will add some 20 employees to Konecranes.
Konecranes Plc (HLSE:KCR) completed the acquisition Ex-Kcranes Service Co., Ltd during Q1 2026. Duyuru • Feb 20
Konecranes Extends the Generation 6 Mobile Harbor Crane Family with the Introduction of the Konecranes Gottwald Mobile Harbor Crane ESP.4 Konecranes is extending the Generation 6 mobile harbor crane family with the introduction of the Konecranes Gottwald Mobile Harbor Crane ESP.4. The newest family member is the smallest in size -- but not in capability - providing a high level of multi-purpose handling across container, bulk material and general/project cargo for smaller ports in particular. It's clearly time for the ESP.4, which is now available for ordering. The Generation 6 family now ranges from the ESP.4 to the ESP.10 range, and has been well received by terminal operators around the world. The ESP.4 is built on a heritage of over 70 years of proven mobile harbor crane technology and has all the good genes of the recent Generation 6 to handle every kind of cargo. The "E" of ESP stands for "electric: it comes with a proven modular drive concept covering all-electric operation with external power supply and batteries, as well as optimized diesel generator sets. The "S" stands for "smart" it comes with a full range of smart features and digital tools. The "P" stands for " powerful: this crane gives high working speeds and strong lifting capacity curves with a high classification. The ESP.4 is available on a five-axle rubber-tired chassis, on a rail-mounted portal, or on a barge. The electric power of the ESP.4 supports Ecolifting, Konecranes' comprehensive step-by-step roadmap to zero tailpipe emissions driving the decarbonization of port operations. solutions range from renewable diesel-powered drives, to hybrid and fully-electrified fleets, and emerging options like hydrogen, all designed to meet the needs of each customer and for the future. A strong focus on customers and commitment to business growth and continuous improvement make Konecranes a material handling industry leader. This is underpinned by investments in digitalization and technology, plus work to make material flows more efficient with solutions that support the decarbonization of the economy and advance circularity and safety. Duyuru • Feb 10
Konecranes plc Announces Retirement of Anneli Karkovirta as Executive Vice President, People & Culture Konecranes Plc announced a change in its leadership team. Anneli Karkovirta, Executive Vice President, People & Culture, will retire from Konecranes during the summer of 2026. The search for her successor will start immediately. To ensure a smooth transition, Anneli will continue in her current position until her successor starts and will also help with the onboarding. Duyuru • Feb 06
Konecranes plc Provides Earnings Guidance for the Year 2026 Konecranes Plc provided earnings guidance for the year 2026. For the year, company expects net sales to remain approximately on the same level or to increase in 2026 compared to 2025. Duyuru • Nov 26
Konecranes Expands Ecolifting Portfolio with New Electric Reach Stacker to Sustain Future Port Industry Electrification Needs Konecranes launched its first electric reach stacker at the TOC Asia exhibition in Singapore, bolstering its portfolio of low- to zero-tailpipe-emission port equipment to meet increasing demand from port customers. The company also announced full global access for its Remote Services so customers can improve operational efficiency and reduce downtime without the need for on-site personnel. As countries and businesses continue to focus on reducing their carbon emissions, Konecranes continues to earn its position as the recognized industry leader in this space. At TOC Asia Konecranes debuted its electric reach stacker, which from start will be available for the APAC, Middle East and Africa, and South American markets. A high-performance electric drive train using high-energy Li-Ion batteries with a working time of up to 16 hours enables the lifting and transporting of cargo containers without compromising on productivity. Konecranes also has extended Remote Services to cover the APAC region, meaning this comprehensive service is now globally available for customers. Immediate troubleshooting starts with first contact, followed by expert guidance for on-site diagnostics. Terminal operators in Southeast Asia and in Europe have relied on Remote Services to enhance their operational efficiency. These product launches are part of Ecolifting™, Konecranes' vision to increase its handprint - meaning the beneficial environmental impact that can be achieved with product and service portfolio - while reducing customers' carbon footprints. From eco-optimizing diesel drives, to hybridization and fully-electrified fleets, will continue to do more with less. A strong focus on customers and commitment to business growth and continuous improvement make Konecranes a material handling industry leader. This is underpinned by investments in digitalization and technology, plus work to make material flows more efficient with solutions that support the decarbonization of the economy and advance circularity and safety. Duyuru • Nov 06
Konecranes plc Announces Executive Changes Konecranes Plc has appointed Jussi Rautiainen President, Business Area Industrial Equipment, and a member of the Konecranes Leadership Team. He succeeds Marko Tulokas, who was appointed President and CEO of Konecranes in June 2025. Rautiainen will start in his new role on January 1, 2026, and will report to Marko Tulokas. Jussi Rautiainen (b. 1978) holds a MSc in Industrial Engineering and Management. He is currently SVP, BU Quay & Horizontal at Konecranes' Business Area Port Solutions. He has held various leadership and managerial positions in Konecranes since 2004. As of January 1, 2026, the Konecranes Leadership Team will consist of the following members: Marko Tulokas, President and CEO; Teo Ottola, CFO, Deputy CEO; Fabio Fiorino, President, Business Area Industrial Service; Tomas Myntti, President, Business Area Port Solutions; Jussi Rautiainen, President, Business Area Industrial Equipment; Minna Aila, EVP, Corporate Affairs & Brand; Claes Erixon, EVP, Technologies; Christine George, EVP, Strategy & Business Development; Anneli Karkovirta, EVP, People & Culture and Sirpa Poitsalo, EVP, General Counsel. Duyuru • Oct 25
Konecranes Plc to Report Fiscal Year 2025 Results on Mar 02, 2026 Konecranes Plc announced that they will report fiscal year 2025 results on Mar 02, 2026 Duyuru • Oct 22
Konecranes Introduces the Hydrogen Fuel Cell Straddle Carrier Konecranes is introducing its Konecranes Noell Hydrogen Fuel Cell Straddle Carrier to the Americas and the world at the TOC Americas 2025 event in Panama City. The straddle carrier will debut alongside the Konecranes E-Hybrid RTG and electric empty container handler, showing the concrete steps the company is taking towards offering a comprehensive portfolio of low- to zero-tailpipe-emission products. The new hydrogen-driven straddle carrier is currently being tested at Hamburger Hafen und Logistik AG's (HHLA) hydrogen test field in Hamburg, and initial test results show the same high performance as diesel and hybrid versions. Konecranes is also showcasing in Panama City its E-Hybrid RTG, which exploits Konecranes' proven battery technology along with conventional cable reel or busbar systems connected to the local grid. The batteries are the primary power source, charged by the cable reel or busbar system when needed. This solution is a game-changer for container terminals that suffer frequent power blackouts and are thus reliant on diesel RTGs. Such terminals can also realize significant electrical infrastructure savings versus electric RTGs powered by cable reel or busbar systems. Duyuru • Jun 19
Konecranes Announces its New E-Hybrid Rubber-Tired Gantry (RTG) Crane and Electric Open Container Hander Konecranes announced its new E-Hybrid Rubber-Tired Gantry (RTG) crane and electric empty container handler for the global market at the TOC Europe exhibition in Rotterdam, moving it one step closer to its goal of having fully electric variants of its entire port equipment portfolio by 2026. The new Konecranes E-Hybrid RTG expands the meaning of hybrid power beyond traditional diesel-battery RTG operation to electric-battery operation, a vital option especially for terminals currently unable to drop diesel power given the need for back-up if blackouts occur. Even short, one- or two-second blackouts cause emergency stops, brake issues and maintenance problems, while longer outages halt operations completely. Container terminals can charge the E-Hybrid RTG batteries via a cable reel or busbar system during the normal flow of operations. The electrical power requirement for battery charging is 60 kW, much less than the up to 400 kW needed for RTGs powered directly by cable reel or busbar systems. Therefore, significant CAPEX savings can be achieved when building or adjusting the container yard infrastructure. All of the parts are field-proven, including Konecranes' RTG battery technology, currently used in over 200 hybrid Konecranes RTGs globally. Konecranes has already received an order for E-Hybrid RTGs from a Brazilian container terminal, and the E-Hybrid RTGs is now available globally. KonecranES is also rolling out its electric empty container handler 9-10t in Europe and North America after successful launches in Asia, MEA and Latin America. The truck has been praised by customers, who like its fast acceleration and lifting speed, quick charging, low noise and vibration, and zero tailpipe emissions. This empty container handler is the latest addition to the series of fully electric lift trucks that Konecranes has introduced in recent years, starting with the 10-18t and 18-25t electric forklifts. These introductions at TOC Europe 2025 are part of Ecolifting, Konecranes' vision to increase its handprint - meaning the beneficial environmental impact that can be achieved with product and service portfolio - while reducing customers' carbon footprints. From eco-optimizing diesel drives, to hybridization and fully-electrified fleets, will continue to do more with less. A strong focus on customers and commitment to business growth and continuous improvement make Konecranes a material handling industry leader. This is underpinned by investments in digitalization and technology, plus work to make material flows more efficient with solutions that decarbonize the economy and advance consistency and safety. Duyuru • Apr 04
Konecranes Plc (HLSE:KCR) acquired Polipastos y Instalaciones MEG S.L. Konecranes Plc (HLSE:KCR) acquired Polipastos y Instalaciones MEG S.L. on April 2, 2025.
Konecranes Plc (HLSE:KCR) completed the acquisition of Polipastos y Instalaciones MEG S.L. on April 2, 2025. Duyuru • Mar 27
Konecranes Plc Announces Board Changes Konecranes Plc announced Sami Piittisjärvi is deemed not to be independent of the Company due to his position as an employee of Konecranes. Pauli Anttila is deemed not to be independent of a significant shareholder of the Company as he acts as Solidium's Advisor. The company also Ulf Liljedahl elected as Vice Chair of the Board in the Annual General Meeting, at its AGM held on March 27, 2025. Duyuru • Feb 20
Konecranes Plc announces Annual dividend, payable on April 08, 2025 Konecranes Plc announced Annual dividend of EUR 1.6500 per share payable on April 08, 2025, ex-date on March 28, 2025 and record date on March 31, 2025. Duyuru • Dec 16
Konecranes Plc, Annual General Meeting, Mar 27, 2025 Konecranes Plc, Annual General Meeting, Mar 27, 2025. Duyuru • Dec 05
Konecranes Plc (HLSE:KCR) completed the acquisition of Peinemann Port Services BV and Peinemann Container Handling BV. Konecranes Plc (HLSE:KCR) agreed to acquire Peinemann Port Services BV and Peinemann Container Handling BV on October 18, 2024. The acquisition requires approval from the Dutch competition authority and is expected to close in the fourth quarter of 2024.
Konecranes Plc (HLSE:KCR) completed the acquisition of Peinemann Port Services BV and Peinemann Container Handling BV on December 3, 2024. The transaction has received the approval from the Dutch competition authority. Duyuru • Sep 13
Konecranes Plc Updates Sales Guidance for the Year 2024 Konecranes Plc updated sales guidance for the year 2024. For the year, the company expects net sales to increase in 2024 compared to 2023 compared to previous guidance of net sales to remain approximately on the same level or to increase in 2024 compared to 2023. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €63.95, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €95.04 per share. Reported Earnings • Jul 28
Second quarter 2024 earnings released: EPS: €1.26 (vs €0.71 in 2Q 2023) Second quarter 2024 results: EPS: €1.26 (up from €0.71 in 2Q 2023). Revenue: €1.03b (up 13% from 2Q 2023). Net income: €99.7m (up 76% from 2Q 2023). Profit margin: 9.7% (up from 6.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 15
Konecranes plc Announces Resignation of Juha Pankakoski as EVP Port Solutions Konecranes Plc announced that Juha Pankakoski, EVP Port Solutions, will leave Konecranes. Juha Pankakoski, Executive Vice President, Port Solutions, and a member of the Konecranes Leadership Team, has decided to leave Konecranes to take a position at another company. He will leave Konecranes in November 2024 at the latest. Duyuru • Jun 13
Konecranes plc Provides Earnings Guidance for 2024 Konecranes Plc provided earnings guidance for 2024. The company expects net sales to remain approximately on the same level or to increase in 2024 compared to 2023. Duyuru • Apr 30
Konecranes Plc Announces Management Changes Konecranes Plc has appointed Claes Erixon as Executive Vice President, Technologies, and member of the Konecranes Leadership Team. He succeeds Juha Pankakoski, who was appointed Executive Vice President, Port Solutions in September 2023. In his role, Claes Erixon will be responsible for Technology, Cyber Security, IT and Procurement. He will start at Konecranes on May 13, 2024, and will report to Konecranes' President and CEO Anders Svensson. Claes Erixon (b. 1969) holds a MSc in Engineering Physics. Prior to joining Konecranes, he has worked almost 30 years at Scania in different roles within technology, research and development, and engineering, most recently as Scania's Chief Technology Officer. In addition, as announced earlier, Minna Aila will join Konecranes as Executive Vice President, Corporate Affairs & Brand on July 1, 2024. Duyuru • Apr 27
Konecranes plc Provides Earnings Guidance for the Year 2024 Konecranes Plc provided earnings guidance for the year 2024. For the year, the company expects net sales to remain approximately on the same level or to increase in 2024 compared to 2023. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: €0.75 (vs €0.67 in 1Q 2023) First quarter 2024 results: EPS: €0.75 (up from €0.67 in 1Q 2023). Revenue: €917.7m (up 2.0% from 1Q 2023). Net income: €59.3m (up 13% from 1Q 2023). Profit margin: 6.5% (up from 5.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Apr 04
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Gun Nilsson was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Buy Or Sell Opportunity • Mar 28
Now 21% undervalued Over the last 90 days, the stock has risen 19% to €48.73. The fair value is estimated to be €62.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of €1.35 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 09 April 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.2%). Buy Or Sell Opportunity • Mar 12
Now 20% undervalued Over the last 90 days, the stock has risen 31% to €49.19. The fair value is estimated to be €61.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period. Duyuru • Mar 12
Konecranes plc Appoints Christine George as Executive Vice President, Corporate Strategy & Business Development, and Member of the Leadership Team, Effective April 8, 2024 Konecranes Plc has appointed Christine George Executive Vice President, Corporate Strategy & Business Development, and member of the Konecranes Leadership Team. She will start at Konecranes on April 8, 2024 and will report to Konecranes' President and CEO Anders Svensson. Christine George has held various leadership positions in global organizations within strategy, business development, transformation and operations. She joins Konecranes from Seqens, where she intervened in the position of Senior Transformation Leader. Her previous positions include CEO and Chair of the Board at Ergosup (hydrogen technology start-up), Vice President of Strategy at Air Liquide, and other leadership positions at Air Liquide. As of April 8, 2024, the Konecranes Leadership Team will consist of the following members: Anders Svensson, President and CEO, Teo Ottola, CFO, Fabio Fiorino, Executive Vice President, Industrial Service & Equipment Juha Pankakoski, Executive Vice President, Port Solutions, and for the time being, Executive Vice President, Technologies, Christine George, Executive Vice President, Corporate Strategy & Business Development Anneli Karkovirta, Executive Vice President, People & Culture Sirpa Poitsalo, Executive Vice President, General Counsel. Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: €3.48 (vs €1.77 in FY 2022) Full year 2023 results: EPS: €3.48 (up from €1.77 in FY 2022). Revenue: €3.97b (up 18% from FY 2022). Net income: €275.6m (up 96% from FY 2022). Profit margin: 6.9% (up from 4.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 05
Dividend increased to €1.35 Dividend of €1.35 is 8.0% higher than last year. Ex-date: 28th March 2024 Payment date: 9th April 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 2.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 03
Full year 2023 earnings released: EPS: €3.48 (vs €1.77 in FY 2022) Full year 2023 results: EPS: €3.48 (up from €1.77 in FY 2022). Revenue: €3.98b (up 18% from FY 2022). Net income: €275.6m (up 96% from FY 2022). Profit margin: 6.9% (up from 4.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 31
Niko Mokkila, Helene Svahn and Christoph Vitzthum Not to Stand for Re-Election as Board Members of Konecranes Plc Konecranes Plc announced that Niko Mokkila, Helene Svahn and Christoph Vitzthum of the current Board members were not available for re-election at the Annual General Meeting to be held on March 27, 2024. Duyuru • Dec 15
Konecranes Plc Appoints Minna Aila as Executive Vice President, Corporate Affairs & Brand, and Member of the Leadership Team, Effective July 1, 2024 Konecranes Plc has appointed Minna Aila Executive Vice President, Corporate Affairs & Brand, and member of the Konecranes Leadership Team. In her role she will be responsible for communications, brand, public affairs and investor relations. She will start at Konecranes on July 1, 2024, and will report to Konecranes' President and CEO Anders Svensson. Minna Aila rejoins Konecranes from Neste Corporation. Prior to Neste, Minna Aila held the position of Executive Vice President, Marketing and Corporate Affairs and was a member of the leadership team at Konecranes. Buying Opportunity • Dec 14
Now 20% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be €46.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings is also forecast to grow by 5.2% per annum over the same time period. Reported Earnings • Oct 26
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €1.01b (up 14% from 3Q 2022). Net income: €69.9m (up 14% from 3Q 2022). Profit margin: 6.9% (in line with 3Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Duyuru • Oct 26
Konecranes Plc Reiterates Earnings Guidance for 2023 Konecranes Plc reiterated earnings guidance for 2023. The company expected net sales to increase in full-year 2023 compared to 2022. Duyuru • Sep 08
Konecranes Plc Announces Executive Changes Konecranes Plc has appointed Juha Pankakoski Executive Vice President, Port Solutions and member of the Konecranes Leadership Team. He will start in this position, September 7, 2023, and will report to Konecranes' President and CEO Anders Svensson. Juha Pankakoski will succeed Mika Mahlberg, Executive Vice President, Port Solutions, who will step down from the Konecranes Leadership Team with immediate effect. He will continue with Konecranes as a Senior Advisor until November 7, 2023, ensuring smooth handover of his duties. Juha Pankakoski joined Konecranes in 2004 and has held several key leadership positions during his career at Konecranes. He has been a member of the Konecranes Leadership Team and holding the position of Executive Vice President, Technologies, since 2015. Juha Pankakoski and Mika Mahlberg will together ensure a successful transition. The successor for the Executive Vice President, Technologies will be announced in due course. Until then, Juha Pankakoski will continue to lead the Technologies function in addition to his new role. As of September 7, 2023, the Konecranes Leadership Team will consist of the following members: Anders Svensson, President and CEO, Teo Ottola, CFO, Fabio Fiorino, Executive Vice President, Industrial Service & Equipment, Juha Pankakoski, Executive Vice President, Port Solutions, and for the time being, Executive Vice President, Technologies, Sirpa Poitsalo, Senior Vice President, General Counsel, Anneli Karkovirta, Senior Vice President, People & Culture. Reported Earnings • Jul 27
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €915.9m (up 16% from 2Q 2022). Net income: €56.6m (up 106% from 2Q 2022). Profit margin: 6.2% (up from 3.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Duyuru • Jul 26
Konecranes plc Provides Earnings Guidance for the Year 2023 Konecranes Plc provided earnings guidance for the year 2023. The company expects net sales to increase in full-year 2023 compared to 2022. The company expects the full-year 2023 comparable EBITA margin to improve from 2022. Duyuru • Jul 14
Topi Tiitola to Leave Konecranes plc as Senior Vice President, Integration and Project Management on July 14, 2023 Konecranes Plc announced that Topi Tiitola, Senior Vice President, Integration and Project Management, has decided to leave the company to pursue other opportunities. He will step down from Konecranes Leadership Team on July 14, 2023, but will continue to be employed by Konecranes until January 14, 2024, ensuring smooth handover of his duties. As of July 14, 2023 Konecranes Leadership Team will consist of the following members: Anders Svensson, President and CEO; Teo Ottola, CFO; Fabio Fiorino, Executive Vice President, Business Area Industrial Service & Equipment; Mika Mahlberg, Executive Vice President, Business Area Port Solutions; Juha Pankakoski, Executive Vice President, Technology; Anneli Karkovirta, Senior Vice President, People & Culture and Sirpa Poitsalo, Senior Vice President, General Counsel. Duyuru • Jun 23
Konecranes Plc (HLSE:KCR) acquired industrial crane service business of Munck Cranes AS from Munck Cranes As. Konecranes Plc (HLSE:KCR) acquired industrial crane service business of Munck Cranes AS from Munck Cranes As on June 21, 2023.Konecranes Plc (HLSE:KCR) completed the acquisition of industrial crane service business of Munck Cranes AS from Munck Cranes As on June 21, 2023. Duyuru • Jun 08
Konecranes plc Announces Changes in the Composition of the Nomination Board Konecranes Plc announced following HC Holding Oy Ab sold its Konecranes shares, Peter Therman, the member appointed by HC Holding Oy Ab, has resigned from Konecranes Shareholders’ Nomination Board. Accordingly, Varma Mutual Pension Insurance Company has with its 2,085,293 shares appointed Markus Aho, Chief Investment Officer of Varma, as a member of the Konecranes’ Shareholders’ Nomination Board. From June 7, 2023, onwards the Konecranes’ Shareholders Nomination Board consists of the following members: Reima Rytsölä, CEO of Solidium, appointed by Solidium Oy; Stig Gustavson, appointed by Stig Gustavson; Markus Aho, Chief Investment Officer of Varma, appointed by Varma Mutual Pension Insurance Company, and Mikko Mursula, Deputy CEO, Investments of Ilmarinen, appointed by Ilmarinen Mutual Pension Insurance Company. Christoph Vitzthum, the Chairman of the Board of Directors of Konecranes, serves as an expert in the Nomination Board without being a member. Buying Opportunity • May 22
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €44.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings is also forecast to grow by 9.7% per annum over the same time period. Reported Earnings • May 01
First quarter 2023 earnings released: EPS: €0.67 (vs €0.26 loss in 1Q 2022) First quarter 2023 results: EPS: €0.67 (up from €0.26 loss in 1Q 2022). Revenue: €899.3m (up 34% from 1Q 2022). Net income: €52.7m (up €73.2m from 1Q 2022). Profit margin: 5.9% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 24% per year. Buying Opportunity • Mar 31
Now 20% undervalued Over the last 90 days, the stock is up 5.8%. The fair value is estimated to be €38.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of €1.25 per share at 4.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 12 April 2023. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%). Buying Opportunity • Mar 13
Now 21% undervalued Over the last 90 days, the stock is up 4.3%. The fair value is estimated to be €38.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Buying Opportunity • Feb 12
Now 20% undervalued Over the last 90 days, the stock is up 3.7%. The fair value is estimated to be €37.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: €1.75 (vs €1.86 in FY 2021) Full year 2022 results: EPS: €1.75 (down from €1.86 in FY 2021). Revenue: €3.36b (up 5.6% from FY 2021). Net income: €138.5m (down 5.7% from FY 2021). Profit margin: 4.1% (down from 4.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • Jan 19
Konecranes Plc to Report Fiscal Year 2022 Results on Feb 02, 2023 Konecranes Plc announced that they will report fiscal year 2022 results at 8:30 AM, E. Europe Standard Time on Feb 02, 2023 Duyuru • Dec 22
Konecranes plc Announces Board Changes Konecranes Plc at its Annual General Meeting to be held on March 29, 2023, Janina Kugel and Per Vegard Nerseth of the current Board members will not available for re-election. The Composition of the Shareholders' Nomination Board: The Shareholders' Nomination Board comprises Reima Rytsölä, CEO of Solidium, Peter Therman, deputy chairman of the Board of Hartwall Capital, Mikko Mursula, Deputy CEO, investments of Ilmarinen Mutual Pension Insurance Company, and Stig Gustavson. In addition, Christoph Vitzthum, the Chairman of the Board of Directors of Konecranes, serves as an expert in the Shareholders' Nomination Board without being a member. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Vice Chairman of the Board of Directors Pasi Laine was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 15% share price gain to €25.96, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 1.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €43.56 per share. Reported Earnings • Oct 27
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €888.0m (up 15% from 3Q 2021). Net income: €61.2m (up 94% from 3Q 2021). Profit margin: 6.9% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Duyuru • Oct 27
Konecranes Plc to Report Fiscal Year 2022 Final Results on Feb 28, 2023 Konecranes Plc announced that they will report fiscal year 2022 final results on Feb 28, 2023 
