Konecranes has released its Q4 and 2024 full year financial results with CEO Anders Svensson describing the year’s performance as “excellent”.

Order intake for Q4 2024 was valued at EUR1.16 billion (USD1.2 billion), a 26% increase over Q4 2023, with full year order intake reported as EUR3.99 billion (USD4.11 billion), a dip of 3.9% y-o-y.

Sales for Q4 were reported at EUR1.21billion (USD1.25 billion), an increase of 5.5% percent on Q4 2023 while full year sales were reported to be EUR4.23 billion (USD4.36 billion), a jump of 6.6% on full year sales for 2023.

“Our order intake remained close to the previous year’s level and improved towards the year-end,” Svensson adds. “Sales and comparable EBITA margin were both at an all-time high, and with our 2024 comparable EBITA margin of 13.1% we are well within our profitability target range.”

Konecranes says it expects demand in 2025 to “remain healthy despite macro-economic concerns around us”.