Core Insights - Kalmar Corporation reported improved profitability in Q3 2025, achieving a record-high comparable operating profit margin of 13.8 percent, driven by strong performance in Services and enhanced efficiency [5][7][10] Financial Performance - Orders received decreased by 10 percent to EUR 375 million in Q3 2025 compared to EUR 416 million in Q3 2024, while year-to-date orders increased by 9 percent to EUR 1,306 million [6][21] - Sales increased by 3 percent to EUR 436 million in Q3 2025, up from EUR 425 million in Q3 2024, but year-to-date sales decreased by 2 percent to EUR 1,254 million [6][21] - Operating profit for Q3 2025 was EUR 61 million, representing 13.9 percent of sales, while comparable operating profit was EUR 60 million, an increase of 4 percent year-over-year [6][21] - Profit for the period rose to EUR 45 million, up from EUR 36 million in the previous year, with basic earnings per share increasing to EUR 0.70 from EUR 0.56 [6][21] Market Dynamics - Global market uncertainty and volatility in tariff and trade policies have affected decision-making, particularly in the Americas, where demand remains subdued [5][9][13] - The eco portfolio sales represented 46 percent of consolidated sales, increasing by 17 percent year-over-year, indicating a growing customer adoption of sustainable solutions [6][12][21] Strategic Initiatives - Kalmar is focused on sustainable growth, with key initiatives including the Move2Green program and the construction of a new test center in Sweden to accelerate electric and autonomous product development [11][13] - The company aims to enhance operational excellence and profitability through sourcing optimization and process improvements, securing approximately EUR 24 million in annualized gross efficiency improvements in 2025 [10][16] Future Outlook - Kalmar expects its comparable operating profit margin to exceed 12 percent in 2025, maintaining its guidance despite the challenging market environment [3][5] - The company is committed to investing in sustainable innovations and expanding its services business to drive future growth [13][16]

Core Insights - Kalmar Corporation reported improved profitability in Q3 2025, achieving a record-high comparable operating profit margin of 13.8 percent, driven by strong performance in Services and enhanced efficiency [4][13]. - Despite global market uncertainties and a slight decline in orders received, the company maintained a solid financial performance with a stable order book and growth in eco portfolio sales [5][6][10]. Financial Performance - Orders received in Q3 2025 decreased by 10 percent to EUR 375 million compared to EUR 416 million in Q3 2024, while year-to-date orders increased by 9 percent to EUR 1,306 million [5][18]. - Sales grew by 3 percent to EUR 436 million in Q3 2025, up from EUR 425 million in Q3 2024, but year-to-date sales decreased by 2 percent to EUR 1,254 million [7][18]. - Comparable operating profit for Q3 2025 was EUR 60 million, representing a 4 percent increase from EUR 57 million in Q3 2024, with a comparable operating profit margin of 13.8 percent [7][18]. - Profit for the period increased by 24 percent to EUR 45 million in Q3 2025, compared to EUR 36 million in Q3 2024 [18]. Market and Demand Analysis - The market activity in Q3 2025 aligned with expectations of a softer environment, particularly in the Americas, while demand in Europe remained strong despite a decline attributed to the timing of larger orders [5][6]. - The eco portfolio sales represented 46 percent of consolidated sales, increasing by 17 percent to EUR 201 million, reflecting growing customer adoption of sustainable solutions [9][18]. Strategic Initiatives - Kalmar is focused on sustainable growth, with key initiatives including the Move2Green program and the construction of a new test center in Sweden to support electric and autonomous product development [8][10]. - The company aims to enhance operational excellence and profitability while investing in sustainable innovations to maintain its competitive edge [10][15]. Operational Efficiency - Cash flow from operations before finance items and taxes was EUR 25.6 million in Q3 2025, a decrease from EUR 71.8 million in Q3 2024, with a cash conversion rate of 75 percent over the last twelve months [7][18]. - Net debt decreased by 14 percent to EUR 84 million, with a leverage ratio of 0.3x, indicating a healthy financial position [7][18].

Core Insights - Kalmar Corporation reported strong financial performance in the second quarter of 2025, with a resilient comparable operating profit margin of 13.1% and robust order intake despite geopolitical challenges [4][12][10] Financial Performance - Orders received increased by 20% year-on-year, totaling EUR 450 million, with strong growth in the Equipment segment, which saw a 28% increase [5][12][22] - Sales for the second quarter grew modestly by 1% to EUR 420 million, while the first half of 2025 saw a 4% decline in sales compared to the same period in 2024 [6][12][24] - Comparable operating profit amounted to EUR 54.9 million, reflecting a 5% increase from the previous year, with a comparable operating profit margin of 13.1% [6][12][26] - Cash flow from operations before finance items and taxes was EUR 21.9 million, with a strong cash conversion rate of 95% over the last twelve months [6][12][18] - Net debt decreased by 42% from EUR 157 million to EUR 91 million, resulting in a healthy leverage ratio of 0.4x [6][12][18] Strategic Initiatives - The company is focused on innovation and sustainability, with its eco portfolio representing 44% of total sales, which increased by 9% year-on-year [8][12][18] - Kalmar's commitment to sustainability is underscored by the approval of its science-based emissions reduction targets, aiming for net-zero by 2045 [8][12][10] - The Driving Excellence initiative has secured approximately EUR 16 million in annualized gross efficiency improvements during the first half of 2025 [6][12][10] Market Environment - Despite a strong performance, the global landscape remains volatile due to trade tensions and geopolitical uncertainties, particularly affecting demand in the Americas [7][12][10] - The demand environment was generally favorable, with strong growth in Europe and solid performance in the AMEA region, although the US market faced increased uncertainty [5][12][10] Future Outlook - Kalmar maintains its guidance for 2025, expecting a comparable operating profit margin above 12% [3][10] - The company emphasizes its strategic focus on customer proximity, sustainable innovations, and expanding its service offerings to drive future growth [15][12][10]