Konecranes CEO Mark Tukolas says tariffs are creating uncertaintyFinnish equipment maker Konecranes has reported Q3 sales of EUR988.7 million (USD1.15 billion), a 7.6% quarter-on-quarter decrease, with sales in Industrial Services and Port Solutions accounting for a large portion of the drop, while sales in industrial equipment increased for the quarter.
Order intake for Q3 increased 20% q-o-q to EUR1.15 billion (USD1.34 billion).
Konecranes reports sales for the first three quarters of 2025 were EUR3.01 billion (USD3.52 billion), an increase of 0.3% for the same period year-on-year, while order intake jumped 16.8% to EUR3.31 billion (USD3.86 billion).
“The third quarter of 2025 was excellent for Konecranes,” says CEO Marko Tulokas. “Despite all the volatility and prevailing uncertainty in the operating environment, we delivered strong results once again.
“The market held up well throughout the quarter and our performance was robust across all our businesses.
“In Business Area Industrial Equipment, performance was exceptionally strong in the third quarter. External order intake increased by 26.1% in comparable currencies versus a year ago. External sales also increased by 6.3% in comparable currencies and amounted to EUR303.1 million (USD353 million).
“This major improvement compared to a year ago was mainly driven by volume but also one-off items and good execution.”
Tulokas states tariffs continue to “cause uncertainty in customer decision-making throughout the third quarter, especially in North America” and this is having an impact on the business.
“We have been successful in managing their adverse impact through our own pricing actions and had a timing-related tailwind for the third quarter, but recently the situation has become more challenging,” he adds
“Moving forward, we expect the tariffs to cause some headwinds but not place us in a generally weaker position against our competition.
“We expect our net sales to remain approximately on the same level in 2025 compared to 2024. We also expect the full-year 2025 comparable EBITA margin to remain approximately on the same level or to improve from 2024.”