Konecranes as an investment

Konecranes moves what matters. We are a global leader in material handling solutions, serving a broad range of customers across multiple industries.

With many innovative solutions and a solid patent portfolio, we are a technology leader in our industry. We consistently set the industry benchmark from everyday improvements to the breakthroughs at moments that matter most, because we know we can always find a safer, more productive and sustainable way.

Our service activities represent over 40 percent of total net sales, providing a good base for long-term profitable growth and moving us towards our profitability target. The large service share of business also makes us less cyclical as service sales are more resistant to economic cycles.

For investors, Konecranes aims to generate growth and profitability while remaining competitive in a constantly changing marketplace. The company has done a good job managing its overall profitability through economic cycles and giving back to shareholders.

For other stakeholders and society at large, Konecranes aims to create value, for example, by using resources efficiently, delivering consistent lifting performance to our customers, improving safety at all levels, operating in a responsible and transparent manner and supporting an inclusive society. To demonstrate Konecranes’ strong long-term commitment to sustainability, we have set climate targets in line with limiting global warming to 1.5°C for our operations. The targets have been validated by the Science Based Targets initiative (SBTi).

Reasons to invest in Konecranes

  • Own key componentry: gears, motor and controls enable optimized design, smarter features and better reliability.
  • Digitalized product offering for improved safety and productivity.
  • Access to massive data streams and real-time connectivity enables preventive and predictive maintenance solutions for the highest lifecycle value.
  • In Service, we are the market leader with our unique global service branch network and unmatched offering. There is only limited global or regional competition in industrial crane maintenance.
  • Our family of leading brands secures our position as the global market leader in industrial cranes.
  • We rank #1–3 in the market in all product categories for ports and container terminals.
  • We aim to grow our sales faster than the market1)
  • Significant growth potential in Service with the expansion of Konecranes’ unparalleled service offering to our own as well as third-party installed base.
  • Automation and customers’ commitments to sustainability, as well as our widest and deepest offering provide good opportunities for growth in Port Solutions.

1) Nominal world GDP growth, IMF World Economic Outlook

  • To be reached as soon as possible, but no later than in 2027.
  • Margin improvement mainly driven by sales growth in Service and Port Solutions.
  • Margin improvement mainly driven by simplification of go-to-market model and product platform harmonization in Industrial Equipment.

2) Profitability range, depending on the cycle

  • Healthy balance sheet, providing a good base for long-term development and growth.
  • Konecranes aims to pay a stable to increasing dividend per share, over the cycle.
  • For the 2008–2023 period, the average dividend pay-out ratio was 88 percent of earnings.
  • We enable a decarbonized and circular world.
  • We deliver safe and secure material handling solutions.
  • We create a fair, inclusive, diverse and engaging working environment.
  • We expect the highest ethical standards of ourselves and our business partners.
  • Konecranes aims to have carbon neutral own operations by 2030 and continues the work to reach its sciencebased targets, in line with limiting global warming to 1.5°C

Key figures

3,999.6

Orders received in 2024, MEUR

4,227.0

Net sales in 2024, MEUR

13.1

Comparable EBITA-% in 2024

16,800

Employees worldwide

Our history

We have over 100 years of strong organic and acquisition-based growth, which all started when KONE Corporation was founded in 1910:

  • 1933 – KONE commences crane production
  • 1930s/40s – Product range starts to include hoists and harbor cranes
  • 1980s – Internationalization efforts gather pace with US expansion
  • 1994 – KCI Konecranes is spun off from KONE
  • 2017 – Acquisition of Terex Corporation's MHPS business, including the Demag, Gottwald and Noell brands
  • 2017-2019 – Integration of Terex MHPS: achieving the EUR 140 million cost synergy target and scratching the service growth potential in Demag's installed base

Today Konecranes is a world-leading supplier of industrial cranes and crane components, workstation lifting systems, container handling equipment and maintenance service. We are headquartered in Hyvinkää, Finland and in 2023, Group sales totaled EUR 4.0 billion. The Group has approximately 16,600 employees in around 50 countries.

Three Business Areas

Industrial Service - With our unique field service network and digital capabilities, we provide industry-leading lifecycle services for all types and makes of industrial cranes and hoists. Our objective is to improve the safety, productivity and sustainability of our customers’ operations. Around 50% of our Service agreement base consists of non-Konecranes branded cranes and hoists.

Industrial Equipment - we have been in the lifting business for decades and our deep industry knowledge is built into every Konecranes product which has quality at the core. We design and manufacture our key components in-house, to function flawlessly in the specific lifting applications of our customers’ industries. The business has come a long way from old conventional cranes and continues to develop further towards more comprehensive material handling solutions by leveraging automation and other modern technologies.

Port Solutions - Through our widest and deepest offering in container handling, we are in an excellent position to develop the automation systems of tomorrow based on our customers’ needs. We deliver leading technology in a fair way to improve the safety, sustainability and productivity of our customers' operations. We bring our global knowledge to meet our customers' local needs, to maximize the efficiency of their operations with the lowest possible life-time cost of ownership.

Unique service concept

Konecranes is the clear market leader in crane service with the world’s most extensive service network. Our Service segment is unique in the industry. With thousands of service technicians around the world, we are servicing industrial and port cranes of all makes. Majority of the equipment in our maintenance contract base has been manufactured by other companies, which means that the growth potential is not limited to our own installed base.

We estimate that two-thirds of the global crane fleet is still serviced in-house. The level of outsourcing is higher in developed countries while it is lower in developing countries. A common challenge for in-house service is that the productivity of the service technicians is usually low and the performed service is often reactive, resulting in too high downtime and too low productivity. In addition, the technological development increases the requirement of skills needed to maintain modern lifting equipment.

To maintain this skill set, critical mass of expertise is needed. By outsourcing service, companies receive preventive maintenance performed by well-trained professionals, which will help to tackle these everyday challenges. Konecranes provides crane maintenance services through five service programs ranging from on-demand services, inspections and preventive maintenance, to long-term maintenance and operation of customers’ lifting equipment.

Outsourcing of service creates a win-win situation for both our customers and Konecranes. Konecranes can lower customers’ maintenance costs through increased performance and uptime for the equipment in use. On the other hand, the increased density of the equipment under maintenance contracts enhances the productivity of Konecranes’ service operations.

Synergetic business model

Konecranes is in the business of improving its customers’ material handling safety, sustainability and productivity. We firmly believe that we can deliver the highest lifecycle value to our customers by maximizing their productivity of uptime and minimizing their cost of downtime. Our ambition is to become the world leader in material handling solutions creating value for everyone.

Service and Industrial Equipment segments are interlinked by a high degree of synergy. Every service customer relationship creates opportunities for equipment sales. Also, every crane sold creates opportunities for providing services. The solutions provided by Konecranes’ business segments complement each other and enable customers to meet most of their lifting needs through one supplier. 

Leading market position in equipment

Konecranes is the world’s largest supplier of industrial cranes as well as wire rope hoists, and one of the largest manufacturers of light crane systems and chain hoists. Konecranes is also a major global supplier of cranes and lift trucks for container handling. Konecranes possesses state-of-the-art automation technology for ports and terminals.

During the years Konecranes has developed a solid knowledge and understanding for its customers’ processes and is thus able to offer equipment that help the customers to maximize their productivity. Our products feature high quality and reliability, they are safe to operate and maintain, and they incorporate a high level of ergonomics and eco-efficiency. Coupled with excellent service back-up, we strive for the lowest total cost of ownership for our products.

Konecranes has efficient product platforms and supply chains as well as global distribution channels that enable scale benefits both in production and sales. Our products are based on modularity and standardization, and make use of the latest technology and designs with an efficient use of raw materials. Maintaining a globally uniform product platform gives us valuable flexibility in terms of capacity utilization and resource allocation.

Segment-based offering

Konecranes aims to meet the diverse needs of customers worldwide by combining smart electronics and control systems with innovative mechanical solutions. This approach enables it to create next generation, modular products that are scalable and cost-efficient to produce.

A key strategic initiative for Konecranes is its customer segment-based offering, which addresses the diverse needs of Konecranes’ customers.

Konecranes provides both basic features for its standard-customer segment and highly advanced solutions in lifting equipment in its advanced needs-customer segment. Yet, Konecranes offering for both customer segments encompasses products that are safe, enhance productivity and are of high quality. Both of these customer segments are available in emerging and developed markets.

Last modified: Feb 07, 2025