Our Business Areas
Our business is divided into three Business Areas - Industrial Service, Industrial Equipment and Port Solutions - each contributing approximately one third of Group sales.
Industrial Service
Konecranes Industrial Service provides industry-leading maintenance services for all types and makes of industrial cranes and hoists. Konecranes has an unparalleled global service network, with an objective to improve the safety, productivity and sustainability of customers’ operations. Konecranes takes a comprehensive, systematic and collaborative approach to managing customer assets through Lifecycle Services; connecting data, machines and people to deliver a digitally enabled customer experience in real-time and to maximize uptime and minimize downtime.
Konecranes is a market leader in crane service with one of the world’s most extensive service networks. There is a roughly €15 billion core market for industrial service and parts, with thousands of participants. We are focused on increasing our share in addressable markets and most profitable segments.
Growth through agreement base expansion and bolt-on M&A
Driving agreement growth:
- Increasing market coverage
- Improving sales and marketing efficiency
- Enhancing customer experience
- Operational excellence
Bolt-on acquisitions
Sales growth clearly faster than the market1
21-25% Comparable EBITA margin2
1 nominal world GDP growth, IMF World Economic Outlook
2 profitability range, depending on the cycle
Orders 2024
1,559.0 MEUR
Sales 2024
1,574.7 MEUR
Comparable EBITA % 2024
21.0%
See also key figure time series at the bottom of the page.
Industrial Equipment
Industrial Equipment provides hoists, cranes and material handling solutions from general manufacturing to various kinds of process industries, and Konecranes is a global leader in sustainable lifting solutions covering a full range of industrial applications. The company’s deep industry knowledge is built into every Konecranes product which has quality at the core. Konecranes designs and manufactures the key crane components (“core of lifting”) in-house, to function flawlessly in the specific lifting applications of customers’ industries
Konecranes is one of the world’s largest suppliers of industrial cranes and wire rope hoists. There is a roughly €10 billion core market for industrial cranes, with thousands of participants. We are focused on increasing market share in established markets and selectively in existing white spots.
Continuing portfolio renewal and business model simplification
Ensuring market coverage by the dual go-to-market model
Operational efficiency
Sales growth in line with the market1
8-11% comparable EBITA margin2
1 nominal world GDP growth, IMF World Economic Outlook
2 profitability range, depending on the cycle
Orders 2024
1,263.5 MEUR
Sales 2024
1,289.3 MEUR
Comparable EBITA % 2024
9.0%
See also key figure time series at the bottom of the page.
Port solutions
Port Solutions provides lifting equipment and solutions, as well as services, to container terminals, intermodal terminals, shipyards and bulk terminals. Konecranes’ container handling offering is the widest and deepest in the industry, and Port Solutions offers a full range of manned and fully automated container yard cranes and automated guided vehicles, mobile harbor cranes, manned and fully automated straddle carriers, and heavy-duty lift trucks. It also provides a complete array of shipyard cranes and Terminal Operating System (TOS) and Equipment Control System (ECS) software, optimizing the operations of entire container terminals.
There is a roughly €15-20 billion addressable core market for port equipment and service, with hundreds of participants. We focus on core offering and service growth as well as capturing automation and electrification opportunities.
Focus on core offering and service growth and capturing automation and electrification opportunities
- Continued focus on core offering with best growth opportunity
- Capturing automation and electrification opportunities
- Growing Port Services and Intermodal
Sales growth clearly faster than the market1
9-11% comparable EBITA margin2
1 nominal world GDP growth, IMF World Economic Outlook
2 profitability range, depending on the cycle
Orders 2024
1,350.5 MEUR
Sales 2024
1,521.7 MEUR
Comparable EBITA % 2024
9.3%
See also key figure time series at the bottom of the page.
Business Area key figures
Time series for Industrial Service
| Service | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Orders received, MEUR 1 | 1,179.0 | 1,332.6 | 1,442.5 | 1,490.7 | 1,559.0 |
| Agreement base value, MEUR | 275.7 | 290.4 | 306.9 | 318.3 | 342.5 |
| Net sales, MEUR | 1,190.0 | 1,205.3 | 1,343.3 | 1,490.4 | 1,574.7 |
| Comparable EBITA, MEUR2 | 205.2 | 222.4 | 249.4 | 296.2 | 331.5 |
| Comparable EBITA, % 2 | 17.2% | 18.5% | 18.6% | 19.9% | 21.0% |
| Operating profit (EBIT), MEUR | 181.4 | 204.9 | 232.3 | 276.9 | 314.6 |
| Operating profit (EBIT), % | 15.2% | 17.0% | 17.3% | 18.6% | 20.0% |
Time series for Industrial Equipment
| Industrial equipment | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Orders received, MEUR1 | 983.3 | 1 174.7 | 1 391.6 | 1 354.4 | 1 263.5 |
| Net sales, MEUR | 1,120.1 | 1,088.7 | 1,205.6 | 1,255.8 | 1,289.3 |
| Comparable EBITA, MEUR2 | 25.4 | 38.0 | 32.5 | 87.4 | 116.5 |
| Comparable EBITA, % 2 | 2.3% | 3.5% | 2.7% | 7.0% | 9.0% |
| Operating profit (EBIT), MEUR | 4.3 | 18.7 | -10.9 | 66.9 | 104.6 |
| Operating profit (EBIT), % | 0.4% | 1.7% | -0.9% | 5.3% | 8.1% |
Time series for Port Solutions
| Port solutions | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Orders received, MEUR1 | 1,008.0 | 1,127.6 | 1,655.3 | 1,468.5 | 1,350.5 |
| Net sales, MEUR | 1,066.0 | 1,072.9 | 1,015.1 | 1,370.8 | 1,521.7 |
| Comparable EBITA, MEUR2 | 59.8 | 79.9 | 63.5 | 102.7 | 142.2 |
| Comparable EBITA, % 2 | 5.6% | 7.5% | 6.3% | 7.5% | 9.3% |
| Operating profit (EBIT), MEUR | 28.1 | 74.8 | 38.4 | 95.1 | 133.5 |
| Operating profit (EBIT), % | 2.6% | 7.0% | 3.8% | 36.9% | 8.8% |
1 Agreement base sales included in orders received from Q1 2023 onwards and historical figures are restated
2 Excluding adjustments and purchase price allocation amortization.