Kalmar (KALMAR) AGM 2025 summary

Opening remarks and agenda

• The first AGM as an independent listed company was held on 27 March 2025, led by President & CEO Sami Niiranen, emphasizing the significance of 2024, the successful demerger, and the Helsinki Stock Exchange listing.

• The agenda included review of 2024 results, sustainability initiatives, financial results, dividend distribution, remuneration policy, and election of board members.

Financial performance review

• 2024 orders received totaled €1,679M, sales reached €1,720M, with a 12.6% comparable operating profit margin and 18.7% ROCE.

• Services accounted for 33% of sales and one-third of operative profit, with a strong balance sheet and 0.3x leverage.

• Equipment segment sales were €1,160M (12.9% margin); services sales were €560M (17.5% margin).

• The board proposed a dividend of €1.00 per class B share and €0.99 per class A share, with payment scheduled for 7 April 2025.

• Guidance for 2025 expects a comparable operating profit margin above 12%, aiming for 15% by 2028.

Board and executive committee updates

• Eight board members were elected, including new vice chairman Casimir Lindholm.

• The management team, including President & CEO, CFO, and business unit heads, was introduced.

• The board was discharged from liability for the financial year.