Q4 2024 Konecranes Abp Earnings Call Transcript
Key Points
- Konecranes Oyj (KNCRF) reported its second-highest order intake for a quarter ever, reaching almost EUR 1.2 billion, up 26% from the previous year.
- The company achieved the highest sales in a single quarter ever, exceeding EUR 1.2 billion, with a comparable EBITDA margin of 13.2%, a new all-time high for the fourth quarter.
- Free cash flow was exceptionally strong at EUR 170 million, and the 2024 dividend proposal increased to EUR 1.65 per share, up EUR 0.30 from the previous year.
- The company saw strong order intake in both the ports and industrial equipment segments, with significant growth in the EMEA and Americas regions.
- Konecranes Oyj (KNCRF) achieved a 6.9% growth in comparable currencies for the group, surpassing the nominal world GDP growth target of 4% for 2024.
- Despite strong performance, the order book decreased by EUR 150 million year-on-year, down 5% at the end of the year.
- The APAC region experienced a decrease in order intake, contrasting with growth in other regions.
- The company noted that interest rates have caused delays in decision-making for larger process crane orders.
- Utilization of the installed base was below the previous year, indicating potential challenges in maintaining operational efficiency.
- The CEO, Anders Svensson, announced his decision to leave Konecranes Oyj (KNCRF) in mid-July, which may lead to transitional challenges.
Good morning, everyone, and welcome to Konecranes earnings conference. We reported our Q4 earnings and 2024 financial statement release today. My name is Kiira Froberg, and I'm the Head of Investor Relations at Konecranes. And here with me, I have our usual people, President and CEO, Anders Svensson; and CFO Teo Ottola. Before we start, just a kind reminder, please remember that the presentation includes forward-looking statements.
Anders will start and talk about the group level figures. And after that, Teo will focus more on the business segment level numbers. And the presentation is followed by Q&A. As usual, you can send your questions either through the chat function or then through the telephone conference.
Thanks a lot. Anders, it's your turn now.
Thank you, Kiira, and a warm welcome also from my side. So the headline of this quarter is a strong end to an
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