Konecranes Plc (KNCRF) Q1 2025 Earnings Call Transcript

2025-04-24 13:15:25 ET

Konecranes Plc (KNCRF)

Q1 2025 Earnings Conference Call

April 24, 2025 7:00 AM ET

Company Participants

Kiira Fröberg – Head-Investor Relations

Anders Svensson – Chief Executive Officer

Teo Ottola – Chief Financial Officer

Conference Call Participants

Daniela Costa – Goldman Sachs

Panu Laitinmäki – Danske Bank

Antti Kansanen – SEB

Johan Eliason – Kepler Cheuvreux

Mikael Doepel – Nordea

Presentation

Kiira Fröberg

Good morning, everyone, and welcome to Konecranes Q1 Earnings Conference. My name is Kiira Fröberg, and I’m the Head of Investor Relations at Konecranes. Here with me today I have our President and CEO, Anders Svensson; and CFO, Teo Ottola.

Before we start the actual presentation, I have a bit of commercials here. So I would kind of like to remind you about our Capital Markets Day, which will be arranged in London on May 20. The registration has been opened for the event and we welcome of course all analysts and investors to join us in-person in London. The registration for the in-person attendance is still open until next Wednesday, so please go and register yourselves as soon as possible. We look very much forward to the event and welcome everyone there. And now before going into the numbers and details the usual disclaimer. So just so you remember the presentation contains forward-looking statements.

Agenda is our usual one. Anders will start by the group figures, after which Teo will talk more about the business area numbers. And then we will, of course, have the Q&A in the end, as always.

And now Anders, please, it’s your turn.

Anders Svensson

Thank you, Kiira, and a warm welcome also from my side to this first quarter webcast 2025. We had a good start to the year and our demand environment held up really well throughout the quarter. Our orders were up 17% year-on-year and we saw an order intake improvement in all three business areas. Sales execution was also strong, almost €1 billion, and that was up 8% compared to the previous year. The Q1 profitability and that’s EBITDA margin was 11.1% and that’s the same level as we had a year ago, which was then record high. Year-on-year pricing is slightly positive, but execution and sales mix was slightly weaker than the previous year. And profitability improved in Industrial Service and in Port Solutions, but decreased within Industrial Equipment.

We now look into the market environment and we start with our Industrial segments. And despite the weak macroeconomics and also the geopolitical situations with tariff threats et cetera, our demand environment held up really well and also we can see that in a strong order intake within the Industrial side. In Port Solutions, continued good activity. And we can see that container throughput index, which is the main indicator here, up 6% year-on-year, signaling quite strong markets. And we can also see that in our order intake and also in our sales funnel and discussions with customers. So, continued on a very good level within Port Solutions....

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