Konecranes aims for a seamless and integrated material flow beyond cranes and port equipment with real-time tracking and provides advanced services with a complementary software offering to ensure optimized operations for its customers.
The company announced it will continue to leverage the global megatrends, digitalization, productivity and sustainability as well as its core competencies to achieve profitable growth in the long-term. The group’s current longer-term profitability margin target is an adjusted EBITA margin of 11%. Konecranes has given financial guidance for full-year 2022, and expects both net sales and adjusted EBITA margin to improve from the previous year. In 2021, Konecranes adjusted EBITA margin totalled 9.8%.
“Thanks to its strong market position, leading technology, unique service offering, and talented people, Konecranes has great potential for continued growth and value creation, and a promising future. In recent years and throughout the pandemic, Konecranes has done excellent job in improving its customer offering, operations and profitability. Konecranes will continue to explore new business concepts and profitable growth potential in material handling. The Konecranes Board of Directors has started the process to find a new CEO for the company,” said Christoph Vitzthum, Chairman, Konecranes.
“We have maintained excellent performance throughout the uncertainty caused by the pandemic and merger planning, demonstrating the strong commitment of our people. Now that we channel our full focus and energy on developing Konecranes and its business, there is a lot to achieve. As before, we remain committed to business excellence, continuous improvement, and sustainability, and will continue our successful trajectory,” added Teo Ottola, Interim CEO and CFO, Konecranes.
In Industrial Equipment, Konecranes will continue to strengthen its position as a global leader in lifting equipment and supporting customers moving from independent manual equipment to smart, connected and automated equipment and overall sustainable material flow solutions. Konecranes provides a broad range of lifting and material handling solutions and equipment to a wide range of industries. In recent years, Konecranes has focused on improving the Industrial Equipment profitability and this work will continue.
In Port Solutions, the long-term prospects related to container handling remain good overall and the focus is on electrification, automation and digitalization of ports and terminals, as the customers are automating operations and seeking productivity, safety and eco-efficiency improvements.
Sustainability is a strength and priority for Konecranes. Earlier this year, Konecranes announced its new science-based climate targets, which are in line with the Paris Agreement, aiming to limit global warming to 1.5°C. Konecranes is committed to reduce emissions in its own operations by 50% by 2030. Konecranes is also committed to reduce emissions in its value chain by 50% by 2030, encompassing the use of sold products and steel-related purchases. Furthermore, Konecranes is committed to the corporate sustainability principles of the UN Global Compact.
