Konecranes published its Half-year financial report January-June 2026 on July 24, 2026. Here we have summarized the main messages and discussion topics.
Strong orders in the second quarter
The second quarter of 2026 was very strong from an orders perspective for Konecranes. Order activity was robust across all three Business Areas, resulting in a clearly higher order book. Profitability remained on a solid level while net sales reflected the timing of deliveries.
In the second quarter, Konecranes’ order intake increased by 13.4% in comparable currencies versus a year ago and amounted to EUR 1.24 billion. There was positive development with orders in the Americas and APAC regions and some weakening in the EMEA region.
Net sales amounted to EUR 1.02 billion in the second quarter, decreasing by 2.8% in comparable currencies versus a year ago. This was mainly due to the timing of the order book. The impact from the conflict in the Middle East remained limited and there have been no new effects on customer deliveries. There has been some upward pressure in fuel and freight costs, but the company has managed to offset the impact through its own actions.
The group comparable EBITA margin was 12.7% in the second quarter. 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.
As a result of good customer activity, order book increased both sequentially and compared to the previous year. At the end of the quarter, the order book stood at a very high level of EUR 3.4 billion. The order book is clearly higher for the rest of the year than a year ago and therefore higher deliveries are expected for the second half.
Good M&A activity
Konecranes recently announced that it will acquire a majority interest in Mitsubishi Electric FA Industrial Products in Japan, which is a key step for its geographical expansion. This acquisition enables the company to enter one of the largest wire rope hoist markets in the world and to further strengthen its global presence. In addition, earlier this year Konecranes announced acquisitions to expand its APAC Industrial Service presence in Thailand and New Zealand and its crane and port service network in Spain. The company aims to continue doing this kind of acquisitions within the core businesses also in the future.
Demand outlook and guidance
Going forward, we expect our demand environment to remain on a healthy level within industrial customer segments. For our port customers, container throughput continues to be on a high level, and the long-term prospects for container handling remain good. However, uncertainty related to geopolitics and trade policy tensions remains high.
We reiterated our financial guidance for year 2026. 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.
Capital Markets Update in October
Konecranes’ focus on organic and inorganic growth and long-term shareholder value creation remains strong. We are pleased to give you an update on our strategy and ambitions at a Capital Markets Update event on October 23, 2026. More details will follow closer to the event.
Changes in the Investor Relation Team
Linda Häkkilä, VP, Investor Relations will go on maternity leave in August. During her absence, Ruusa Vallin will act as Interim Head of Investor Relations and be the main contact person for investors.
Q&A
Your orders are up year-on-year, what is driving this?
Our orders were strong across the Business Areas and increased by 13.4% in comparable currencies. There was a large process crane order of USD 51 million in Industrial Equipment (release here). There were two large orders in Port Solutions, one of which was the published Yilport order (release here).
Why did the sales decrease? Is there a risk you will downgrade your sales guidance for this year?
In the second quarter, sales decreased by 2.8% from the previous year in comparable currencies. Order book timing impacted deliveries, especially in Port Solutions. The order book is clearly higher for the rest of the year than a year ago and we expect higher deliveries for the second half. We have not seen any reason to amend our guidance at this point.
Profitability decreased year-on-year. What was driving this?
The group comparable EBITA margin was 12.7% in the second quarter. The decrease compared to the previous year was mainly driven by lower volumes.
We reiterated our financial guidance for year 2026. 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.
Half-year financial report January-June, result presentation and webcast can be found here:
https://investors.konecranes.com/reports-presentations?lang=en
