Annual Report 2023
2023 was a significant year for Konecranes, establishing solid foundations for the years to come. We unveiled an updated strategy and new financial targets, announced an inspirational purpose and ambition, renewed our company values and revamped the Konecranes brand for a launch in early 2024. Financially, we reported strong results amid challenging market conditions.
Anders Svensson, President and CEO
The year 2023 in numbers
4,161.4
MEUR (-1.6%) Order intake3,966.3
MEUR (+17.9%) Net sales11.4 %
Comparable EBITA margin3,040.8
MEUR (4.8%) Order book2,100
Number of active and pending patents22.9 %
GearingKonecranes in 2023
KONECRANES UPDATED ITS STRATEGY. Our ambition is to become the world leader in material handling solutions creating value for everyone, with our purpose summarized as shaping next generation material handling for a smarter, safer and better world. Our new brand promise is Moves what matters and it crystallizes our dedication to our customers and the world.
WE AGAIN TOOK STRIDES WITHIN SUSTAINABILITY. We published our new target of having carbon neutral own operations by 2030, which follows our 2022 accomplishment of powering our factories with 100% renewable electricity. In 2023, we reached a carbon neutrality milestone as our Hämeenlinna, Finland site became the first factory to receive a CarbonNeutral® building certification.
WE ANNOUNCED THE LAUNCH OF OUR ZERO4 RESEARCH AND INNOVATION PROGRAM, aiming to increase industrial productivity in Finland and create hundreds of new jobs in the next five years. The program aims to bring together more than 70 partners into a research ecosystem, exemplifying Konecranes’ focus on research and development both in-house and together with partners.
NEARLY 8,000 KONECRANES EMPLOYEES took part in a collaborative process to renew the company’s values, which were in place for nearly 30 years. The work was crystallized in four new values that guide our behaviors and support our future success.
Sustainability
Sustainability is at the core of Konecranes’ strategy and operations. We deliver safe and secure material handling solutions and enable a decarbonized, circular world. We are committed to limiting global warming to 1.5 °C and making our own operations carbon neutral. We hold ourselves to the highest ethical standards and take ownership of our actions.
Sustainability
Sustainability is at the core of Konecranes’ strategy and operations. We deliver safe and secure material handling solutions and enable a decarbonized, circular world. We are committed to limiting global warming to 1.5 °C and making our own operations carbon neutral. We hold ourselves to the highest ethical standards and take ownership of our actions.