Konecranes

Today Konecranes reports its Q2 results. The past quarter was great for us, with all of our three Business Segments delivering record-high comparable EBITA margins. Demand environment and order intake remained healthy. Sales grew year-on-year with 13% and exceeded €1 billion. Thanks to that sales growth and good strategy execution, profitability improved year-on-year, and we posted an all-time high quarterly comparable EBITA margin of 14.3%. Our orderbook remains strong and was nearly €3.0 billion at the end of June. Our strategy execution has progressed better than initially expected and as a result, we upgraded our profitability guidance for this year in the financial guidance. We now expect our net sales to remain on the same level or to increase in 2024 compared to 2023, and our comparable EBITA margin to improve from the previous year. That said, we are not expecting our profitability to improve sequentially in Q3 versus Q2. Overall, this Q2 was one of Konecranes’ strongest quarters ever. This is an excellent achievement, and I would like to thank the whole Konecranes team for the strong performance. Our improvement demonstrates that we are doing the right things as a company, and moving what really matters. For those interested in more details, here’s the link to the full report. https://lnkd.in/dkmKtNYt #konecranes

[NEWS] Konecranes today announced it is establishing a network of partners including steel structure providers and subcontractors to build port cranes in the United States in the coming years. This long-term plan was started as part of a series of initiatives from the US government, which recognizes Konecranes’ position as a global leader in material handling solutions with deep roots in the country.   Konecranes expects the network to grow in states including Ohio, Virginia and Wisconsin in the coming years, and has received initial indications of interest from a number of customers for Build America Buy America (BABA) cranes including ship-to-shore (STS) cranes. Given that STS cranes take several years to produce and deliver, the company does not see any short-term impact on its financials from this initiative.   Konecranes has operated in the US for decades, and has three crane manufacturing facilities, approximately 2,200 employees and over 60 branches across the country. Customers include privately-run ports, intermodal operators and port authorities, as well as multiple industries needing smart, safe and reliable material handling solutions.   Get more insight on the news from the following link. 👉 https://lnkd.in/dXQrU8Cd Review the White House release from the following link. 👉 https://lnkd.in/exDipnQd #konecranes #ports #whitehouse

[NEWS] The German modular builder Algeco has orderd five Konecranes E-VER electric forklifts to handle special containers used to construct modular buildings. As a global leader in modular construction, Algeco will utilise the E-VER electric forklifts to enhance operational capacity as well as to reduce emissions from its operations. “Because our modular building concept is based around sustainability, we've always striven to minimize emissions. The Konecranes E-VERs we ordered are a fully electric version of our other Konecranes forklifts, and we’re confident they will deliver the same high performance and increase our productivity even more,” says Dominik Jungmann, Fleet and Logistics Manager, Algeco. “Algeco is already operating a fleet of 23 Konecranes 12-ton forklifts, and this new order proves the strength and versatility of the E-VER in specialist applications, all on electric power. We’re pleased our technology and expertise will play a role in helping Algeco expand its business even further,” says Hans-Jürgen Haupt, Sales Manager, Lift Trucks, Konecranes. Get more insight on the deal from the following link. 👉 https://lnkd.in/d_SAruDV #konecranes #forklifts #lifttrucks

Are you ready to take your operations to new heights? If your daily operations rely on overhead cranes, we have fantastic news for you! Let's imagine a scenario where you could enhance your crew's workflow, making it safer, faster, and more productive—all at a minimal cost. With Konecranes Rope Angle Features, you can achieve remarkable improvements in the safety and cycle times of your routine processes. This solution is designed to reduce damage to loads, protect the crane and other machinery, and minimize wear on crane components. Curious to learn more about the key features of Konecranes Rope Angle Features? Click the link below for a closer look: https://okt.to/SKNyc0 #manufacturing #efficiency #safetyfirst #productivityboost #overheadcranes #Konecranes

[ICYMI] Today Konecranes published its Half-year financial report, January June 2024 and Q2/2024 financial results, reporting: Record-high comparable EBITA margin in all business segments. To get quick insight on the financial results, listen to our President and CEO, Anders Svensson's short summary about the factors that drove our great performance in the second quarter of 2024. For more details, read the full report here 👉https://okt.to/DgXshU #konecranes #q2 #Q22024

[ICYMI] Today Konecranes published its Half-year financial report, January June 2024 and Q2/2024 financial results, reporting: Record-high comparable EBITA margin in all business segments. To get quick insight on the financial results, listen to our President and CEO, Anders Svensson's short summary about the factors that drove our great performance in the second quarter of 2024. For more details, read the full report here 👉https://okt.to/3QjWrx #konecranes #q2 #Q22024

My first four weeks with Konecranes have been energizing. Today we reported our Q2 earnings - and what a day it was! The quarter was one of Konecranes' strongest ever with a record-high quarterly EBITA margin in all Business Segments thanks to sales growth and good strategy execution. In our internal webcast, I got to introduce myself, together with my Leadership Team colleague Claes Erixon. A great session with our President and CEO Anders Svensson, with lots of great questions from colleagues all around the world. #Konecranes #MovesWhatMatters

Konecranes reported Q2 earnings today! The quarter was one of Konecranes' strongest ever with a record-high quarterly EBITA margin in all Business Segments thanks to sales growth and good strategy execution ✨ Our strategy execution has progressed better than initially expected, and we upgraded our profitability guidance for this year in June. Although order intake declined year-on-year in Q2 (vs. a very strong comparison period), our demand environment continues healthy and sales funnels remain at a high level 🌟 As our President and CEO Anders Svensson said in his remarks, our performance improvement demonstrates that we are doing the right things as a company, and moving what really matters. We will continue to execute our strategy, and next, our aim is to achieve our profitability target range across all our three Business Segments 💪 Here all smiles with Anders and Konecranes CFO Teo Ottola after our results webcast, not least because summer holiday part II is just to about to begin 😎 #KonecranesIR #Konecranes #MovesWhatMatters P.s. We will be on the road in August-September again. Take a look at our IR calendar at https://lnkd.in/drRJPPR3 for the coming events!

[NEWS] Today Konecranes publishes its Half-year financial report, January June 2024 and Q2/2024 financial results, reporting: Record-high comparable EBITA margin in all business segments. Check out the key numbers here and for more insight, read the full report from 👉 https://lnkd.in/dyw8XMKe You can also watch our live international webcast and telephone conference for analysts, investors and media held today at 11:30 a.m. EEST on the following link. https://lnkd.in/dwQEntM8. The full financial report will be presented by Konecranes President and CEO, Anders Svensson, Chief Financial Officer, Teo Ottola and Vice President, Investor Relations, Kiira Fröberg. The event will be held in English. #konecranes #q22024 #results #Q2

My dive into Konecranes continues – this week I visited our Data Science Lab in Lyon, France, where I met the team behind many of our AI solutions. Scaling technology innovation is one of the key components in Konecranes’ updated strategy. Konecranes established a Data Science Lab in France in 2019. This fall the lab turns 5 years, and the work continues to accelerate as the number of intelligent services grows. Digitalized processes and connected products generate massive amounts of data that help us to improve our customer offering. However, turning data into actionable insights requires skilled data scientists and researchers that understand both data science and the manufacturing industry. AI is not something that is far away – we all have access to it, and it can have a major impact on our daily lives. Thanks to the team for the warm welcome and for sharing great insights to our newest solutions. 🙏 #konecranes #technology #innovation