Konecranes

Konecranes

Machinery Manufacturing

Konecranes - Moves what matters.™

About us

Konecranes is a global leader in material handling solutions, serving a broad range of customers across multiple industries. 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. That’s why, with around 16,500 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2023, Group sales totalled EUR 3.9 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).

Website
http://www.konecranes.com
Industry
Machinery Manufacturing
Company size
10,001+ employees
Headquarters
Hyvinkaa
Type
Public Company
Founded
1994
Specialties
Overhead cranes, Process cranes, Safety inspections, Wire rope hoists, Workstation lifting products, Port cranes, Hoists, Nuclear cranes, Lift Trucks, Gantry cranes, Parts, Crane maintenance, Machine Tool Service, Remote data monitoring, Operator training, and Modernization

Locations

Employees at Konecranes

Updates

  • View organization page for Konecranes, graphic

    143,637 followers

    [ICYMI] Today Konecranes published its Half-year financial report, January June 2024 and Q2/2024 financial results, reporting: Record-high comparable EBITA margin in all business segments. To get quick insight on the financial results, listen to our President and CEO, Anders Svensson's short summary about the factors that drove our great performance in the second quarter of 2024. For more details, read the full report here 👉https://okt.to/DgXshU #konecranes #q2 #Q22024

  • View organization page for Konecranes, graphic

    143,637 followers

    [ICYMI] Today Konecranes published its Half-year financial report, January June 2024 and Q2/2024 financial results, reporting: Record-high comparable EBITA margin in all business segments. To get quick insight on the financial results, listen to our President and CEO, Anders Svensson's short summary about the factors that drove our great performance in the second quarter of 2024. For more details, read the full report here 👉https://okt.to/3QjWrx #konecranes #q2 #Q22024

  • Konecranes reposted this

    Today Konecranes reports its Q2 results. The past quarter was great for us, with all of our three Business Segments delivering record-high comparable EBITA margins. Demand environment and order intake remained healthy. Sales grew year-on-year with 13% and exceeded €1 billion. Thanks to that sales growth and good strategy execution, profitability improved year-on-year, and we posted an all-time high quarterly comparable EBITA margin of 14.3%. Our orderbook remains strong and was nearly €3.0 billion at the end of June. Our strategy execution has progressed better than initially expected and as a result, we upgraded our profitability guidance for this year in the financial guidance. We now expect our net sales to remain on the same level or to increase in 2024 compared to 2023, and our comparable EBITA margin to improve from the previous year. That said, we are not expecting our profitability to improve sequentially in Q3 versus Q2. Overall, this Q2 was one of Konecranes’ strongest quarters ever. This is an excellent achievement, and I would like to thank the whole Konecranes team for the strong performance. Our improvement demonstrates that we are doing the right things as a company, and moving what really matters. For those interested in more details, here’s the link to the full report. https://lnkd.in/dkmKtNYt #konecranes

    View organization page for Konecranes, graphic

    143,637 followers

    [NEWS] Today Konecranes publishes its Half-year financial report, January June 2024 and Q2/2024 financial results, reporting: Record-high comparable EBITA margin in all business segments. Check out the key numbers here and for more insight, read the full report from 👉 https://lnkd.in/dyw8XMKe You can also watch our live international webcast and telephone conference for analysts, investors and media held today at 11:30 a.m. EEST on the following link. https://lnkd.in/dwQEntM8. The full financial report will be presented by Konecranes President and CEO, Anders Svensson, Chief Financial Officer, Teo Ottola and Vice President, Investor Relations, Kiira Fröberg. The event will be held in English. #konecranes #q22024 #results #Q2

  • Konecranes reposted this

    View profile for Minna Aila, graphic

    EVP, Corporate Affairs & Brand at Konecranes, Board Member at DFDS A/S

    My first four weeks with Konecranes have been energizing. Today we reported our Q2 earnings - and what a day it was! The quarter was one of Konecranes' strongest ever with a record-high quarterly EBITA margin in all Business Segments thanks to sales growth and good strategy execution. In our internal webcast, I got to introduce myself, together with my Leadership Team colleague Claes Erixon. A great session with our President and CEO Anders Svensson, with lots of great questions from colleagues all around the world. #Konecranes #MovesWhatMatters

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    • No alternative text description for this image
  • Konecranes reposted this

    View profile for Kiira Fröberg, graphic

    VP, Investor Relations at Konecranes

    Konecranes reported Q2 earnings today! The quarter was one of Konecranes' strongest ever with a record-high quarterly EBITA margin in all Business Segments thanks to sales growth and good strategy execution ✨ Our strategy execution has progressed better than initially expected, and we upgraded our profitability guidance for this year in June. Although order intake declined year-on-year in Q2 (vs. a very strong comparison period), our demand environment continues healthy and sales funnels remain at a high level 🌟 As our President and CEO Anders Svensson said in his remarks, our performance improvement demonstrates that we are doing the right things as a company, and moving what really matters. We will continue to execute our strategy, and next, our aim is to achieve our profitability target range across all our three Business Segments 💪 Here all smiles with Anders and Konecranes CFO Teo Ottola after our results webcast, not least because summer holiday part II is just to about to begin 😎 #KonecranesIR #Konecranes #MovesWhatMatters P.s. We will be on the road in August-September again. Take a look at our IR calendar at https://lnkd.in/drRJPPR3 for the coming events!

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  • View organization page for Konecranes, graphic

    143,637 followers

    [NEWS] Today Konecranes publishes its Half-year financial report, January June 2024 and Q2/2024 financial results, reporting: Record-high comparable EBITA margin in all business segments. Check out the key numbers here and for more insight, read the full report from 👉 https://lnkd.in/dyw8XMKe You can also watch our live international webcast and telephone conference for analysts, investors and media held today at 11:30 a.m. EEST on the following link. https://lnkd.in/dwQEntM8. The full financial report will be presented by Konecranes President and CEO, Anders Svensson, Chief Financial Officer, Teo Ottola and Vice President, Investor Relations, Kiira Fröberg. The event will be held in English. #konecranes #q22024 #results #Q2

  • Konecranes reposted this

    View profile for Claes Erixon, graphic

    EVP, Technologies, Konecranes

    My dive into Konecranes continues – this week I visited our Data Science Lab in Lyon, France, where I met the team behind many of our AI solutions. Scaling technology innovation is one of the key components in Konecranes’ updated strategy. Konecranes established a Data Science Lab in France in 2019. This fall the lab turns 5 years, and the work continues to accelerate as the number of intelligent services grows. Digitalized processes and connected products generate massive amounts of data that help us to improve our customer offering. However, turning data into actionable insights requires skilled data scientists and researchers that understand both data science and the manufacturing industry. AI is not something that is far away – we all have access to it, and it can have a major impact on our daily lives. Thanks to the team for the warm welcome and for sharing great insights to our newest solutions. 🙏 #konecranes #technology #innovation

  • View organization page for Konecranes, graphic

    143,637 followers

    Are you planning to improve spare parts ordering this year? Imagine a port equipment service that automatically sent you a list of spare parts required per crane, before you needed it. Together with our best-in-class online Ports Store, our Predict & Plan service has the potential to completely revolutionize your maintenance and spare parts planning. Learn more: https://okt.to/JcGY08 Konecranes Port Services, Expect More. #konecranes #portsolutions #portservices #spareparts #advancedservices #porttechnology #digitalports

    Konecranes | Predict & Plan Maintenance Packages

    Konecranes | Predict & Plan Maintenance Packages

    konecranes.com

  • View organization page for Konecranes, graphic

    143,637 followers

    Crane modernizations offer a cost-effective solution to enhance productivity without breaking the bank. With modernizations, you can: ✅ Update machinery to meet current industry standards ✅ Extend the lifespan of existing equipment ✅ Minimize downtime and budget commitments ✅ Improve productivity with next-gen components and technology Ready to take your lifting operations to the next level? Let's chat! https://okt.to/8AFm2c #CraneModernizations #Productivity #ROI #konecranes

    Crane modernizations provide the latest productivity and technology advances without the cost of new equipment

    Crane modernizations provide the latest productivity and technology advances without the cost of new equipment

    konecranes.com

  • View organization page for Konecranes, graphic

    143,637 followers

    🌟 Employee Spotlight: Tony Brook, Site Supervisor 🌟 Introducing Tony Brook, our skilled Site Supervisor. With 17 years of experience, Tony excels in crane technology and team collaboration. He values Konecranes' commitment to growth and the supportive, professional environment that drew him here. Ready for your next career move? Check our career pages! ➡️ https://okt.to/dRGyE1 #EmployeeSpotlightKonecranes #HiringNow

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Funding

Konecranes 1 total round

Last Round

Post IPO debt

US$ 350.0M

See more info on crunchbase