Konecranes' CEO Mark Tulokas happy with Q2 resultsKonecranes has released its half-yearly and quarterly financial reports, forecasting sales and the full-year 2025 comparable EBITA margin to remain in line with 2024 figures.
In Q2, Konecranes’ sales increased 5.3% year-on-year to EUR1.05 billion (USD1.23 billion).
The Finnish materials handling equipment manufacturer says its order book at the end of Q2 was EUR2.9 billion (USD3.4 billion), down 2.4% y-o-y.
Operating profit for H1 was EUR236.9 million (USD239.8 million), an increase of 4.4% y-o-y.
Konecranes says in a statement: “Our demand environment within industrial customer segments has remained good and continues on a healthy level. However, the demand-related uncertainty and volatility due to the geopolitical and trade policy tensions remain.”
“Global container throughput continues on a high level, and long-term prospects related to global container handling remain good overall,” the company states.
His first financial report since taking on the role of CEO with Konecranes, Mark Tulokas says he is pleased with the strong results in the Business Area Port Solutions division of the business.
“During the second quarter, demand for our products remained healthy in general, and our financial performance was supported by a good operating leverage,” Tulokas adds.
“Despite the tariff-related uncertainty, we delivered good results and continued to benefit from our global business model.
“The operating environment continues to be impacted by geopolitical tensions and volatility, especially related to tariffs, resulting in a higher level of uncertainty, particularly in North America.
“Consequently, we have seen somewhat cautious behaviour within our industrial customers, both in timing of new orders as well as delays in project delivery acceptance.
“We reiterate our financial guidance for this year. 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.”