Finnish cranes and lifting equipment manufacturer Konecranes has reported a net profit of €73.5m, or €0.93 per diluted share, for the first quarter of 2025, a 24% increase compared to €59.3m, or €075 per diluted share, for the same period of 2024.
The company reported a 16.8% increase in orders received, totalling €1.06bn, in the first quarter of 2025, compared to €909.1m in the same period of 2024.
Sales reached €983.7m, marking a 7.7% rise from the previous year’s €913.1m.
The company’s comparable EBITDA for the quarter stood at €136.1m, reflecting a 9.4% increase from €124.4m in the first quarter of 2024.
Comparable operating profit also saw an uplift, reaching €100.3m, a 6.8% growth compared to €93.9m in the prior year.
For the first quarter of 2025, the operating profit improved by 12.2%, amounting to €100m, up from €89.1m in the same period last year.
Konecranes CEO Anders Svensson said: “Konecranes had a good start to the year and reported a solid Q1.
“Despite the increased macro-related uncertainty, our orders received grew year-on-year and deliveries continued on a strong level. Profitability remained the same as a year ago, and we posted a comparable EBITA margin of 11.1%.
“Although macro indicators signalled sluggish market conditions in Q1 and global trade uncertainty increased towards the end of the quarter, our demand environment remained good.
“Order intake increased 15.9% year-on-year in comparable currencies, and we saw year-on-year order growth in all three Business Areas. Our orderbook grew sequentially and exceeded €2.9 billion at the end of March.”
