Kalmar (KALMAR) SEB Nordic Seminar presentation summary

Q3 2025 highlights and financial performance

• Record-high comparable operating profit margin of 13.8%, driven by services and efficiency improvements.

• Services orders increased, while equipment orders declined; sales totaled €436 million in Q3 2025.

• Eco portfolio accounted for 46% of sales, with a 17% year-on-year increase in eco portfolio sales.

• Profit for the period rose 24% year-on-year to €44.7 million; return on equity reached 22.8%.

• Outlook for 2025 unchanged: comparable operating profit margin expected above 12%.

Market environment and growth drivers

• Global heavy material handling market projected to grow at ~4% annually from 2023 to 2028.

• Electrification segment expected to grow 28% annually, with electric vehicles offering up to 2x revenue per unit.

• 63% of customers plan zero or low emission capex by 2028; 11% of equipment orders were fully electric in Q3 2025 LTM.

• Global GDP, container throughput, and manufacturing output forecast to grow steadily through 2028.

• Connected fleet base exceeds 68,000 units, with 14,500+ connected equipment and positive activity trends.

Electrification, automation, and sustainability

• Electrification and automation are key market drivers, with new lithium-ion battery solutions and DC charging partnerships launched.

• Electric reachstackers offer up to 24% lower total cost of ownership over five years compared to diesel.

• Fully automated terminal solutions deployed, including industry firsts in safety and automation at major ports.

• Strategic partnerships and modernization agreements support sustainable growth and service expansion.