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Finnish engineering company Konecranes reports revenue in line with expectations for the third quarter. Comparable operating profit was meanwhile 3.5 percent higher than expected.
Revenue increased 11.4 percent to 1 101.5 million euros (988.7). The outcome can be compared with Vara Research’s analyst consensus of 1 099.
Adjusted EBITDA amounted to 198 million euros (189.6), versus 191 expected, with an adjusted EBITDA margin of 18.0 percent (19.2).
Adjusted EBITA amounted to 172.2 million euros (164.9), versus 166 expected, with an adjusted EBITA margin of 15.6 percent (16.7).
Operating profit was 162.7 million euros (153.6). The operating margin was 14.8 percent (15.5).
Adjusted operating profit amounted to 163.5 million euros (156.2), versus 158 expected, with an adjusted operating margin of 14.8 percent (15.8).
Profit before tax was 156.6 million euros (137.5).
Net profit was 119 million euros (103.8).
Earnings per share amounted to 0.50 euros (0.44).
Orders received came in at 1 011.3 million euros (1 148.6), which is 13.3 percent lower than analyst consensus.
Konecranes is meanwhile reiterating its forecast for 2026. The company expects revenue to be approximately unchanged or to increase compared with 2025, while the comparable EBITA margin is expected to be approximately at the same level as last year.
Demand from industrial customers is expected to remain at a good level. For port customers, Konecranes states that container traffic remains at a high level and that the long-term outlook for container handling is good.
Konecranes, EUR millionQ3-2026ConsensusChange vs consensusQ3-2025ChangeOrders received1 011,31 166-13,3%1 148,6-12,0%Net sales1 101,51 0990,2%988,711,4%Adjusted EBITDA1981913,7%189,64,4%Adjusted EBITDA margin18,0%17,4%19,2%Adjusted EBITA172,21663,7%164,94,4%Adjusted EBITA margin15,6%15,1%16,7%Operating profit162,7153,65,9%Operating margin14,8%15,5%Adjusted operating profit163,51583,5%156,24,7%Adjusted operating margin14,8%14,4%15,8%Profit before tax156,6137,513,9%Net profit119103,814,6%Earnings per share, EUR0,500,4413,6%Consensus data from Vara Research
