Kalmar (KALMAR) Investor presentation summary

Strategy and market positioning

• Focus on sustainable material handling, electrification, and intelligent operations to address productivity, safety, and decarbonization trends.

• Strategic pillars include investing in innovation, growing services, and driving operational excellence.

• Holds leading market positions in reachstackers, terminal tractors, straddle carriers, and crane spreaders, with a strong global service network.

• Addressable markets span ports, terminals, distribution, manufacturing, and heavy logistics, with a diversified customer base.

• Asset-light business model supports global reach, efficient operations, and robust cash conversion.

Financial performance and targets

• Q1 2026 sales grew 5% year-on-year to €420 million, with a 10% increase in constant currencies.

• Comparable operating profit margin improved to 12.3%, driven by higher volumes and commercial execution.

• Return on capital employed reached 24.2% in Q1 2026, supporting long-term growth.

• 2028 targets include 5% annual sales growth, 15% operating profit margin, and >25% ROCE.

• Maintains a strong balance sheet with negative net debt and high cash conversion (80%).

Segment performance

• Equipment segment sales rose 7% to €271 million, with improved profitability (12.6% margin).

• Services segment saw a 2% sales increase to €148 million, but profitability declined to 16% due to tariffs and North American market challenges.

• Eco portfolio sales grew 10% to €187 million, representing 45% of total sales.

• Order intake decreased 6% year-on-year, mainly due to a strong comparison period and timing of large orders.