Konecranes Business and Financial Information

Konecranes is a leading global provider of cranes and material handling solutions. The company has a strong presence in the market with a diverse range of products and services.

Konecranes operates in over 50 countries worldwide, offering a wide range of cranes and services to various industries. Their products include overhead cranes, hoists, and automation solutions.

The company has a significant presence in the Nordic countries, where it was founded in 1910. Konecranes has a long history of innovation and has developed several groundbreaking products over the years.

Konecranes has a diverse revenue stream, with a significant portion coming from the service business. In 2020, the service business accounted for around 60% of the company's revenue.

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Konecranes originated within the Finnish Kone Corporation, which started producing Electric Overhead Traveling Cranes in 1933.

The company went through a significant transformation in 1994, when Kone divested its crane division to create an independent entity called KCI Konecranes. This move allowed the company to focus on expanding its operations globally.

KCI Konecranes saw significant growth during the 2000s, with the establishment of new factories and acquisitions in various markets. The company listed on the Helsinki Stock Exchange in 1996 and continued to expand its product range through strategic acquisitions.

Konecranes originated within the Finnish Kone Corporation in 1933, when it began producing Electric Overhead Traveling Cranes.

The company's history is closely tied to Kone's expansion into the crane business, which was combined into the KONE Cranes Division in 1988.

KONE Cranes Division remained an integral part of Kone until 1994, when Kone decided to refocus its efforts on the elevator business.

This led to the divestiture of the crane division into an independent entity, which was named KCI Konecranes and transferred to the equity company Industri Kapital in February 1994.

Dr. Stig Gustavson became the first CEO of KCI Konecranes after the company's establishment.

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In 2015, Konecranes announced a merger plan with US-based Terex Corporation, which would have created the industry leader Konecranes Terex plc based in Finland.

The merger was estimated to be completed by the end of the first half of 2016, but it was called off due to a competing offer from China-based Zoomlion.

In May 2016, Terex agreed to sell its Material Handling and Port Solutions division to Konecranes for 1.3 billion euros instead of going through with the merger.

The European Commission approved the sale in August 2016, but with the condition that Konecranes would have to divest its STAHL Cranesystems business.

Konecranes sold STAHL Cranesystems to US-based Columbus McKinnon in December 2016.

The acquisition of the Terex MHPS division was completed in January 2017, and it was renamed Demag Cranes & Components.

Rob Smith joined Konecranes as the new CEO in February 2020, coming from AGCO.

Konecranes is a leading global supplier of cranes and material handling solutions. The company has a rich history dating back to 1900.

Konecranes has operations in over 50 countries, serving a wide range of industries including manufacturing, mining, and ports.

In 2006, Konecranes released a new global brand strategy that dropped the KCI from the company name and adopted the slogan "Lifting Businesses".

This strategy allowed the company to tap into new markets and industries beyond its traditional stronghold in port and container handling equipment.

Konecranes continued to diversify its product portfolio, expanding it to include a broader range of lifting equipment, material handling, and industrial services.

By 2008, the company had established a more robust presence in North America, Asia, and other emerging markets through strategic partnerships and key competitor acquisitions.

Konecranes set up new manufacturing facilities and service centers across various continents during this period.

The company invested heavily in research and development in the early 2010s, introducing technologies such as automation, remote monitoring, and predictive maintenance into its product offerings.

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Konecranes operates in three business areas. This diversification allows the company to cater to different markets and customer needs.

The company's business operations are a key part of its overall strategy. By operating in multiple areas, Konecranes can spread its risk and increase its potential for growth.

Konecranes has a solid foundation in its business operations. This foundation is built on a strong understanding of the industries it serves and the needs of its customers.

Nordea has raised its target price for Konecranes to 93 euros.

Konecranes has received an upgrade from DNB Carnegie to Buy, with a new target price of 100 euros.

The target price for Konecranes has been raised by both Nordea and DNB Carnegie, with Nordea's target price at 93 euros and DNB Carnegie's at 100 euros.

These upgrades and price increases indicate a positive outlook for Konecranes.

Konecranes is a Finnish company that has been around since 1948. The company was founded by Arno Merikanto and Ilmari Sundström.

Their brand is recognized globally, with operations in over 50 countries. Konecranes' products are used in a wide range of industries, including manufacturing, oil and gas, and ports and terminals.

Konecranes is known for its innovative and high-quality solutions, which have earned the company numerous awards and recognition. Their products are designed to improve efficiency and safety in various operations.

The company's commitment to innovation is evident in its research and development efforts, which focus on creating sustainable and efficient solutions for the future.

Konecranes' market capitalization has fluctuated between 5.65B and 11.56B over the years, with a current capitalization of 28.22B.

The company's enterprise value has also varied, ranging from 5.67B to 70.93B, with a current value of 28.32B.

Konecranes' free-float percentage is a significant 82.9%, indicating a high level of liquidity in the market.

The company's P/E ratio is expected to be around 15.6x in 2026, down from 17.2x in 2025.

Here's a breakdown of Konecranes' financial performance over the years:

Konecranes' net debt has been relatively low, ranging from -217M to 22.31M, with a current net debt of 97.11M.

The valuation of Konecranes Oyj is a crucial aspect of understanding its financial health. The company's market capitalization is around 6.48 billion euros, which is a significant indicator of its value.

The P/E ratio for 2025 is 17.2x, which is an important metric for investors to consider. This ratio is used to determine the relationship between a company's stock price and its earnings.

Enterprise value, another key metric, is around 6.51 billion euros. This value is calculated by adding the company's debt and equity to its market capitalization.

The free-float percentage is a significant 82.9%, indicating that a substantial portion of the company's shares are available for trading.

Here's a summary of the key valuation metrics:

The EV/Sales ratio for 2025 is 1.54x, indicating a relatively low valuation multiple compared to its peers. The yield for 2025 is 2.21%, which is a relatively low return compared to other investment options.

These valuation metrics provide a comprehensive picture of Konecranes Oyj's financial health and value.

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Nordea has raised its target price for Konecranes to 93 Euros.

Analysts' recommendations for Konecranes are varied, but recent upgrades have been notable. DNB Carnegie upgraded Konecranes to Buy, raising its target price to 100 Euros.

SEB Downgraded Konecranes to Hold (Buy) on September 29, setting a price target of 75 Euros.

Goldman Sachs upgraded Konecranes to Buy, boosting its price target. OP Corporate Bank raised its target price for Konecranes to 79 Euros on September 8.

Konecranes Oyj has received several analyst recommendations in recent times.

Nordea has raised its target price for Konecranes to 93 Euros (82) and reiterated a Buy recommendation.

DNB Carnegie has upgraded Konecranes to Buy and raised its target price to 100 Euros.

SEB has downgraded Konecranes to Hold (Buy) with a price target of 75 Euros.

OP Corporate Bank has raised its target price for Konecranes to 79 Euros and reiterated an "Increase" recommendation.

Goldman Sachs has upgraded Konecranes to Buy and boosted its price target.

Here's a summary of the analyst recommendations:

Konecranes is a global leader in the design, manufacture, and maintenance of cranes and material handling solutions. The company was founded in 1900.

Konecranes is headquartered in Finland, with a presence in over 50 countries worldwide. Its products and services are used in various industries, including manufacturing, ports, and construction.

Konecranes has a diverse portfolio of products, including overhead cranes, hoists, and forklift trucks, which are designed to improve efficiency and safety in the workplace.

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Konecranes has a strong presence in the market through its fully owned subsidiaries.

One of its notable subsidiaries is Demag Cranes & Components, which is a significant part of the company's operations.

Konecranes also owns Donati Sollevamenti, a subsidiary that plays a vital role in the company's growth.

The company's portfolio includes Eurofactory, a subsidiary that contributes to its overall success.

MHE-Demag is another subsidiary of Konecranes, which is a key player in the industry.

In addition to these, Konecranes owns Morris Material Handling, a subsidiary that has been a part of the company for a long time.

Port Equipment Southern Africa is a subsidiary that has been instrumental in the company's expansion into new markets.

R&M Materials Handling is also a subsidiary of Konecranes, which has been a valuable addition to the company.

Saudi Cranes & Steel Works Factory is a subsidiary that has been a part of Konecranes for a while, contributing to its growth.

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SWF Krantechnik is another subsidiary of Konecranes, which has been an important player in the industry.

Lastly, Verlinde is a subsidiary of Konecranes, which has been a significant part of the company's operations.

Here is a list of some of Konecranes' fully owned subsidiaries:

Our company was founded in 2010 by a team of entrepreneurs who saw a gap in the market for innovative solutions.

The company's headquarters is located in New York City, with additional offices in London and Tokyo.

We have a diverse team of over 500 employees from more than 30 countries, bringing a wealth of experience and expertise to the table.

Our company's mission is to provide cutting-edge technology that makes a real difference in people's lives.

We've developed a range of products and services that cater to various industries, including healthcare, finance, and education.

Konecranes has a strong presence in the global market with a network of over 1,000 locations in more than 50 countries.

The company has a diverse product portfolio that includes cranes, hoists, and other material handling equipment.

Konecranes' cranes are designed to be highly efficient and durable, with some models featuring advanced technologies like the Konecranes Gottwald Mobile Harbor Cranes.

The company's cranes are used in various industries, including ports and terminals, manufacturing, and construction.

Konecranes has a long history of innovation, with the company's first crane being invented in 1910.

The company has also been at the forefront of sustainability, with a goal to reduce its carbon footprint and promote eco-friendly practices.

Konecranes on huollossa ollut vahva, sillä huollon EBIT-marginaali oli vuoden 2025 toisella neljänneksellä 20,8 prosenttia.

Tällä hetkellä Konecranesilla on laaja valikoima suuria sähköisiä satamanostureita, kuten Battery RTG- ja Gottwald-mobiilisatamanostureita.

Konecranesin huolto tukee yhtiön liikevaihdosta noin 40 prosenttia.

Yhtiön kannattavuus on vankka, sillä palveluiden EBIT-marginaali oli vuoden 2025 toisella neljänneksellä 16,9 prosenttia.

Konecranesin taseet ovat vahvassa kunnossa, ja yhtiö on lähes nettovelattomia.

Yhtiön nettovelkaantumisaste oli Q2/2025 lopussa vain yhdeksän prosenttia.