Financial targets

Shaping next generation material handling for a smarter, safer and better world: Konecranes announces new financial targets

May 10, 2023: Read the release

Reflecting the growing global demand for material handling solutions and services that sustainably meet people’s needs, Konecranes has established the following new financial targets:

• Sales growth faster than the market¹
• Profitability: Comparable EBITA margin of 12-15%2 as soon as possible, but no later than in 2027 (2022 9.5%)

The financial targets of Konecranes’ Business Segments are the following:

Service:

• Sales growth clearly faster than the market¹
• Comparable EBITA margin of 20-24%²

Industrial Equipment:

• Sales growth in line with the market¹
• Comparable EBITA margin of 8-10%²

Port Solutions:

• Sales growth clearly faster than the market¹
• Comparable EBITA margin of 9-11%²

¹ nominal world GDP growth, IMF World Economic Outlook

² profitability range, depending on the cycle

 

Growth is expected to be mainly organic. The comparable EBITA margin target range is expected to be reached as soon as possible, but no later than in 2027.

Konecranes also implements a dividend policy and aims to pay a stable to increasing dividend per share, over the cycle.

Konecranes’ commitment to driving the material handling industry towards a more sustainable future – an effort that has been recognized externally by leading bodies/organizations including the CDP – will remain at the core of how it operates. Konecranes now aims to have carbon neutral own operations by 2030 and continues its work to limiting global warming to 1.5°C and creating carbon-neutral supply chains.