Finland's Konecranes Q3 sales rise on Port Solutions performance

Overview

• Finland industrial lifting firm's Q3 net sales rose 11.4% yr/yr on strong deliveries

• Order intake fell 12% yr/yr, mainly due to volatility in Port Solutions

• Comparable EBITA margin declined to 15.6% from last year's all-time high

Outlook

• Konecranes expects 2026 net sales to remain at or increase from 2025 levels

• Company sees 2026 comparable EBITA margin remaining approximately at 2025 level

Result Drivers

• PORT SOLUTIONS DELIVERIES - Strong delivery performance in Port Solutions contributed to higher Q3 net sales and improved margin

• INDUSTRIAL SERVICE EXECUTION - Improved margin in Industrial Service driven by good execution and positive pricing

• POSITIVE ONE-OFFS - Q3 results benefited from US tariff refunds of roughly EUR 8 mln, though overall one-off impact was smaller than last year

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

• Wall Street's median 12-month price target for Konecranes Oyj is €36.00, about 25.6% above its October 22 closing price of €28.66

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads

• Oct 23 - Finland's Hiab Q3 revenue rises 39% on EVS acquisition

• Oct 22 - Sweden's Atlas Copco Q3 revenue slightly beats estimates, orders up 29%

• Oct 22 - Finland's Metso Q3 orders jump as mining demand lifts minerals segment

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)