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Kalmar
Kalmar (KALMAR) investor relations material
Kalmar Pre-silent call summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Pre-silent call summary22 Jan, 2026
Executive summary
Record-high comparable operating profit margin of 13.8% in Q3 2025, driven by strong Services, improved efficiencies, and solid equipment performance.
Services orders increased by 12% year-over-year in Q3, while Equipment orders declined by 20% due to timing and delayed decisions.
Order backlog increased by about EUR 100 million over the last 12 months, supporting future deliveries.
Market sentiment remains stable across regions, with no major changes in demand or competitive dynamics.
Outlook for 2025 remains unchanged, targeting a comparable operating profit margin above 12%.
Trading performance and revenue trends
Orders received in Q3 2025 totaled 1,792 MEUR LTM, with sales at 1,694 MEUR.
Europe saw an 11% YTD increase in order intake despite a Q3 decline; Americas grew 17% YTD, and AMEA remained stable.
Services orders grew 12% year-on-year in Q3, while equipment orders declined by 20%.
Q4 saw a higher number of order releases, including significant and large orders in both equipment and services.
No seasonality in order intake; timing of large orders drives quarterly fluctuations.
Profitability and margins
Comparable operating profit margin reached 13.8% in Q3 2025, up 0.3 percentage points year-over-year.
Comparable operating profit margin on an LTM basis was 12.7%.
Gross profit margin stood at 26.6% for the last twelve months.
Return on capital employed was 20.8%, with a cash conversion rate of 75%.
Service margins were exceptionally high in Q3, driven by strong commercial performance and volume growth.
Clarify Americas demand sentiment
Driving Excellence impact on 2026 margin
Tariff impact on competitive pricing power
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Next Kalmar earnings date
Q4 202513 Feb, 2026
Kalmar
Next Kalmar earnings date
Q4 202513 Feb, 2026
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Frequently asked questions
Kalmar Oyj is a Finnish company specializing in providing equipment and services for cargo handling in ports, terminals, distribution centers, and other heavy logistics environments. The company offers a wide range of material handling solutions, including terminal tractors, reach stackers, forklift trucks, and straddle carriers. Kalmar also focuses on automation and digitalization, offering systems that enhance the efficiency, safety, and sustainability of its clients' operations. Kalmar Oyj is headquartered in Helsinki, Finland, and its shares are listed on the Helsinki Stock Exchange.
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