Konecranes updates its financial targets to reflect higher profitability ambition and success in achieving the previous financial targets set in 2023.

Konecranes’ comparable EBITA margin target range has been upgraded to 13-16% and to be reached as soon as possible, but no later than in 2029 (previously 12-15% and to be reached as soon as possible, but no later than in 2027). Of the Business Areas, Konecranes raises the profitability target level in Industrial Service and Industrial Equipment, while Port Solutions’ target range remains unchanged. Konecranes’ target to grow sales faster than the market is unchanged.

Konecranes now has the following financial targets:

• Sales growth faster than the market1
• Profitability: Comparable EBITA margin of 13-16%2 as soon as possible, but no later than in 2029 (previously 12-15% and to be reached as soon as possible, but no later than in 2027)

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

Industrial Service:

• Sales growth clearly faster than the market1
• Comparable EBITA margin of 21-25%2 (previously 20-24%)

Industrial Equipment:

• Sales growth in line with the market1
• Comparable EBITA margin of 8-11%2 (previously 8-10%)

Port Solutions:

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

Konecranes hosts a Capital Markets Day today. In the event, Konecranes will provide an update to its three Business Areas and future ambitions.
Source: Konecranes