Konecranes profit drops in Q2 and H1Finnish materials handling equipment maker Konecranes, says it expects demand and sales to remain on par with 2025 results, following the release of its Q2 and H1 numbers which reveal operating profit for April to June fell 12.6% year-on-year (y-o-y) to EUR119.6 (USD136.4) million.
Order intake for Q2 increased by 13.2% y-o-y to EUR1.24 (USD1.25) billion, with order intake increasing across all business areas.
Net sales for Q2 fell 3.1% to EUR1.02 (USD1.16) billion. Net sales increased for Industrial Equipment, but fell for Industrial Services and Port Solutions.
The H1 results for Konecranes are also a mixed bag.
Order intake for H1 increased by 6.9% to EUR 2.3 (USD2.6) billion. Net sales in H1 decreased by 5.3% to EUR1.93 (USD2.2) billion - net sales increased in Industrial Equipment but decreased in Industrial Service and Port Solutions.
Operating profit for H1 fell 9.1% to EUR217.9 (USD248.5) million.
Konecranes says while uncertainty around geopolitics and trade policy tensions remain high, it still expects demand to stay healthy.
CEO Marko Tulokas says Q2 saw some weaking of orders from the EMEA region, but saw “positive development” in the Americas and APAC regions.
“The impact from the conflict in the Middle East remained limited and there have been no new effects on our customer deliveries,” Tulokas explains. “We have seen some upward pressure in our fuel and freight costs, but we have managed to offset the impact through our own actions.
“Our profitability was lower compared to the previous year, mainly due to lower volumes. Profitability improved in Industrial Equipment but decreased in Industrial Service and Port Solutions.”
He adds that the order book is “clearly higher” for the remainder of 2026, and should result in higher deliveries.
“We reiterate our financial guidance for year 2026,” Tulokas continues. “We expect our net sales to remain approximately on the same level or to increase in 2026 compared to 2025, and our comparable EBITA margin to remain approximately on the same level in 2026 compared to 2025.
“During the past year, we have been working with our teams to crystalise Konecranes’ strategic direction and ambition. We are clearly on the right track, and I believe there is an opportunity for further acceleration.”