Change in the Konecranes Leadership Team: Mara Zavagno appointed Executive Vice President, People & Culture. Stock exchange releases 29.07.2026 - 09:00 EEST KONECRANES PLC STOCK EXCHANGE RELEASE JULY 29, 2026 at 9.00 EEST Konecranes appoints Mara Zavagno as Executive Vice President, People & Culture as of 1 October 2026. She will join the Konecranes Leadership Team and report to President and CEO Marko Tulokas. She will succeed Konecranes' current Executive Vice President, People & Culture, Anneli Karkovirta, who will retire, as announced earlier this year. Anneli Karkovirta will step down from the Konecranes Leadership Team on 1 August 2026. Mara Zavagno (b. 1973) is currently Vice President, People & Culture in the Industrial Equipment Business Area and Chief Inclusion & Diversity Officer on group level. She joined Konecranes in 2017 in conjunction with the Terex MHPS acquisition. Before Konecranes, she held several senior Human Resources leadership positions at Terex Corporation and Sanitec Group. She has a Bachelor's degree in Political Science and Economics from the University of Padova, Italy. "I am very pleased that we found such an excellent successor for our People & Culture leadership from within the company. Mara Zavagno has extensive experience from all our Business Areas in several countries, and as a Chief Inclusion & Diversity Officer, she has systematically developed Konecranes' diversity culture to meet the best industry standards. Her background and experience will greatly complement the Konecranes Leadership Team, and she will be a key contributor to Konecranes' strategic ambitions. At the same time, I would like to warmly thank Anneli Karkovirta for her commitment and contribution to Konecranes over the past twelve years, and for growing such an excellent successor to take on her role," says President and CEO Marko Tulokas. "I am humbled and excited to take on this new role at Konecranes. Throughout my career, working with people from diverse backgrounds and perspectives has reinforced my belief that inclusion, trust, and diversity of thought are essential drivers of innovation, growth, and transformation. In times of profound change, these qualities help organizations build resilience, navigate complexity, and create sustainable value. Konecranes' values resonate strongly with my own leadership philosophy, and I look forward to contributing to the company's continued success while working together with colleagues around the world to achieve great things," Mara Zavagno comments. A photograph and a CV of Mara Zavagno are attached to this release. As of 1 October 2026, the Konecranes Leadership Team will consist of the following members: Marko Tulokas, President and CEO Teo Ottola, CFO, Deputy CEO Fabio Fiorino, President, Business Area Industrial Service Tomas Myntti, President, Business Area Port Solutions Jussi Rautiainen, President, Business Area Industrial Equipment Claes Erixon, EVP, Technologies Christine George, EVP, Corporate Strategy & Communications Sirpa Poitsalo, EVP, General Counsel Mara Zavagno, EVP, People & Culture KONECRANES PLC Linda Häkkilä Vice President, Investor Relations FURTHER INFORMATION Linda Häkkilä, Vice President, Investor Relations, tel. +358 (0) 20 427 2050 Konecranes is a global leader in material handling solutions, serving a broad range of customers across multiple industries. Konecranes consistently set the industry benchmark, from everyday improvements to the breakthroughs at moments that matter most, because Konecranes know Konecranes can always find a safer, more productive and sustainable way. That's why, with around 16,500 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2025, Group sales totalled EUR 4.2 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).

How robust orders and Mitsubishi deal will impact Konecranes (HLSE:KCR) investors. July 28, 2026 * Konecranes Plc recently reported past second-quarter 2026 results showing sales of €1,019.5 million and net income of €90.6 million, alongside reaffirmed full-year 2026 guidance for net sales to remain roughly flat or increase versus 2025. * At the same time, the company highlighted a strong order intake, a three-year high order book of €3.40 billion, and a planned majority acquisition of Mitsubishi Electric's Japanese wire rope hoist and gear motor business, underscoring its efforts to expand its installed base and future service potential. * Now we'll examine how this robust order book and reiterated guidance might influence Konecranes' existing investment narrative and risk balance. Konecranes investment narrative recap. To own Konecranes, you need to believe that its large order book and service potential can offset cyclicality in industrial and port demand. The latest results show softer sales and earnings, but the three year high backlog and reaffirmed 2026 sales guidance help support the near term revenue outlook. The biggest near term risk still looks like order volatility and execution on that backlog, rather than any single quarter's margin or earnings print, so this news does not radically shift the story. The most relevant recent announcement here is the planned majority acquisition of Mitsubishi Electric's Japanese wire rope hoist and gear motor business. Combined with Q2's 13% year on year order intake growth and €3.40 billion order book, this move points to a broader installed base that could support future service activity. For investors focused on catalysts, the question is whether this expanding footprint can meaningfully counterbalance macro driven order swings in core industrial and port segments. Yet despite the solid backlog, investors should be aware that execution risks around converting that €3.40 billion order book into profitable revenue could... Konecranes' narrative projects €4.8 billion revenue and €508.0 million earnings by 2029. This requires 5.1% yearly revenue growth and about a €114.5 million earnings increase from €393.5 million today. Exploring other perspectives. Some of the lowest analysts were already cautious, assuming revenue of about €5.0 billion and earnings of roughly €540.8 million by 2029, so if you worry that execution and protectionism could undermine today's strong backlog, this more pessimistic view offers a useful counterpoint to consider alongside the latest guidance and orders. Explore 6 other fair value estimates on Konecranes - why the stock might be worth 26% less than the current price! The verdict is yours. Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. * A great starting point for your Konecranes research is our analysis highlighting 5 key rewards and 2 important warning signs that could impact your investment decision. * Our free Konecranes research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Konecranes' overall financial health at a glance. Want some alternatives? Every day counts. These free picks are already gaining attention. See them before the crowd does: * Invest in the nuclear renaissance through our list of 90 elite nuclear energy infrastructure plays powering the global AI revolution. * The latest GPUs need a type of rare earth metal called Neodymium and there are only 29 companies in the world exploring or producing it. Find the list for free. * Capitalize on the AI infrastructure supercycle with our selection of the 56 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Valuation is complex, but we're here to simplify it. Discover if Konecranes might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Konecranes lifts Brazil renewables. Konecranes has won two crane modernization projects from AXIA Energia, one of Brazil's leading renewable energy and electricity transmission companies. The projects involve the modernization of overhead cranes and gantry cranes at the Manso and Mascarenhas de Moraes hydroelectric power plants in Brazil. * The contracts were signed in May 2026, with the modernization scheduled for 2027. The modernization projects will support AXIA Energia's broader program to upgrade its hydroelectric power generation facilities. The cranes and gantries are essential for the maintenance and modernization of the plants' turbines and will play an important role throughout the plant upgrade process. The scope of supply includes the electrical and mechanical modernization of five cranes at the two power plants: two overhead cranes and three gantry cranes. The work includes the replacement of drives and drive motors, installation of new braking systems, implementation of variable frequency drives (VFDs), upgrades to the control and automation systems, installation of radio remote controls and modernization of operator cabins. At the Mascarenhas de Moraes Hydroelectric Power Plant in Minas Gerais, Konecranes will modernize one gantry crane with a 200-ton main hoist and a 25-ton auxiliary hoist. The modernization is scheduled for February 2027. At the Manso Hydroelectric Power Plant in Mato Grosso, Konecranes will modernize four cranes, including two overhead cranes with capacities of 65/15/5 tons and two gantry cranes with capacities of 20 tons and 15 tons. The work is expected to be completed by the end of 2027. "Hydropower plant modernizations place high demands on lifting equipment and its reliability. By upgrading the cranes' mechanical and control systems, we are preparing the equipment for intensive use during the turbine modernization projects and improving its safety, reliability and availability to support the plant upgrades," says Fellipi Pereira, Senior Account Executive, Konecranes. The projects involve the modernization of overhead cranes and gantry cranes at the Manso and Mascarenhas de Moraes hydroelectric power plants in Brazil. A strong focus on customers, commitment to business growth, and continuous improvement make Konecranes a material handling industry leader. This is underpinned by investments in digitalization and technology, as well as efforts to make material flows more efficient with solutions that support the decarbonization of the economy and advance circularity and safety.