Konecranes makes lifting equipment and services for industrial sites, such as overhead cranes, hoists, and other material-handling solutions, along with maintenance, modernization, and related services. Its products are heavy-duty cranes and related components that move large loads; they operate through a combination of mechanical systems (cranes, hoists), electrical controls, and digital services for monitoring, safety, and efficiency. The company differentiates itself through its broad global service network, a wide portfolio that includes both single devices and integrated lifting systems, and a strategy built on servicing and supporting customers across many industries after installation. Its goal is to be a leading global provider of material-handling solutions, helping customers increase safety and productivity by moving heavy loads efficiently and reliably.
Company Size
10,001+
Company Stage
IPO
Headquarters
Hyvinkää, Finland
Founded
1903
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Remote Work Options
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Konecranes management team member Tomas Myntti retires
Inside information: Konecranes upgrades its financial targets and updates dividend policy as part of its accelerated growth strategy. KONECRANES PLC STOCK EXCHANGE RELEASE September 24, 2026 at 18:45 PM EEST Konecranes updates its strategic ambition, financial targets and dividend policy as part of its accelerated growth strategy. Konecranes' new ambition is to be the partner of choice for lifting lifecycle value. The company's purpose is unchanged as together with its customers, Konecranes is shaping the next generation of material handling for a smarter, safer, and better world. Over the last few years, Konecranes has strengthened its market position, improved its financial performance and continued to progress towards its sustainability targets. Building on the structural improvements made, the company is pursuing accelerated profitable growth. Konecranes has defined clear strategic focus areas to enable the successful implementation of the strategy. The upgraded financial targets and capital allocation framework demonstrate the increased ambition level to create long-term value for shareholders. "Konecranes has built a strong foundation, and we are ready for the next wave of accelerated growth. We are committed to our Business Areas, which continue to provide significant opportunities to expand market coverage, while market and megatrends also support the growth ambition. The company has a solid track record of organic and inorganic growth and a strong balance sheet, positioning us well to invest in growth. I'm pleased to discuss the strategy at the Capital Markets Day in October," says Konecranes' President and CEO Marko Tulokas. Upgraded financial targets for Konecranes and its Business Areas Net sales growth of 7% (CAGR1) (previously sales growth faster than the market) Comparable EBITA margin of 15-17%, to be reached latest for the year 2030 (previously 13-16%) * Business Area Industrial Service: Net sales growth of 7% (CAGR1) (previously sales growth clearly faster than the market) Comparable EBITA margin of 23-25% (previously 21-25%) * Business Area Industrial Equipment: Net sales growth of 6% (CAGR1) (previously sales growth in line with the market) Comparable EBITA margin of 10-12% (previously 8-11%) * Business Area Port Solutions: Net sales growth of 7% (CAGR1) (previously sales growth clearly faster than the market) Comparable EBITA margin of 9-12% (previously 9-11%) 1Compound annual growth rate Konecranes' growth focus is on market share expansion both organically and inorganically within the existing Business Areas, complementing the offering, as well as geographical and customer segment presence. The company aims to grow by expanding its product offering, enhancing service and technology capabilities. Konecranes aims to reach its upgraded profitability target through a combination of operating leverage, continued operational excellence, and by further implementing modular product architectures, while leveraging unmatched installed base and operational data. Strategic focus areas drive execution of accelerated growth strategy "Together with the Konecranes team, we defined the focus areas enabling us to continue expanding our market coverage and leading innovation. We leverage our existing lifecycle model and dual channels to expand both offering and presence. We have unparalleled asset and operational data allowing us to harness possibilities of AI for the benefit of our customers and efficiency in how we operate," says Marko Tulokas. "Konecranes' strong culture of driving safe and lean ways of working allows us to continuously improve customer outcomes and operational performance. Empowering our people to act rapidly and flexibly is essential in the current dynamic operating environment," Tulokas continues. * Win with technology. Extend technology leadership by increasing investments in product intelligence, autonomy and modularity that will drive differentiation and efficiency for the customer in the long-term. * Grow lifecycle value. Increase the service business and the value it creates for customers by expanding data-enabled offerings and deepening customer relationships. * Deepen customer reach. Increase and optimize market presence and customer proximity through the company's proven and unique dual channel approach - Konecranes' own sales and service network and the distribution partners of regional brands. * Perform with agility. Further develop resilience to economic and geopolitical forces through customer centricity, empowered culture, operational efficiency, agile supply chains, as well as geographical and industry diversification. Capital allocation and updated dividend policy Konecranes' capital allocation reflects its ambition for accelerated growth and long-term shareholder value creation. The company aims to maintain a healthy financial position and reiterates its gearing ceiling target of 80%. As part of the normal business operations, Konecranes ensures it allocates adequate funds into its operations, technology capabilities and innovation. Konecranes updates its dividend policy, linking it directly to earnings. According to the updated policy, the dividend payout ratio is 40-60% of earnings over the business cycle, excluding exceptional gains or losses. According to the previous dividend policy the company aimed to distribute a stable to increasing dividend, over the cycle. Konecranes aims to accelerate capital allocation to inorganic growth opportunities. The company intends to distribute excess cash to the shareholders after investments into innovation, capital expenditure, dividend payments and organic and inorganic growth initiatives by way of share buybacks. Capital Markets Day and presentation of its January-September 2026 interim report Konecranes invites analysts, institutional investors and financial media to an update for Capital Markets on October 23, 2026 in connection with its January-September 2026 interim results. Management will present the accelerated growth strategy and financial targets in more detail at the event. The event will take place in Helsinki, Finland at Sanomatalo. Konecranes will publish its January-September 2026 interim report at approximately 11:30 a.m. EEST. The virtual interim report webcast will start at 1:00 p.m. EEST. The CMD presentations will start at around 2:30 p.m. EEST. It is also possible to follow the presentations via a live webcast, and a recording will be made available on Konecranes' website shortly after the event. It is possible to ask the management questions during the event, also via the webcast. Registration and more information In order to attend the Capital Markets Day in person at Sanomatalo, please visit the website and register (https://investors.konecranes.com/capital-markets-day-2026) by October 9, 2026, at the latest. Due to the limited number of seats, early registration is recommended. In order to follow the event via a live webcast, please visit the website and register by the start of the event on October 23, 2026, at the latest. The live webcast will be available only for registered participants. In case of any questions, please contact [email protected]. KONECRANES PLC Ruusa Vallin Interim Head of Investor Relations FURTHER INFORMATION Ruusa Vallin, Interim Head of Investor Relations, tel. +358 (0) 20 427 2050 In a rapidly changing world, its customers need reliable partners to keep their businesses moving. Konecranes has helped ports and industries move what matters for more than a century. Its long industry expertise, global reach and close customer relationships set Transparency International apart. Transparency International combine insights from its broad installed base, technology and services to turn knowledge into better performance and customer value. In 2025, Konecranes sales totaled EUR 4.2 billion. The company employs around 16,500 employees. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR). DISTRIBUTION Nasdaq Helsinki Major media www.konecranes.com
Commissioning four new monorails at Cenovus Christina Lake. Its team is currently at Cenovus Christina Lake commissioning four new monorails added to existing buildings. These monorails are installed to simplify the maintenance on process tank-mixer operations by eliminating the need for roof access with mobile cranes. This marks the small but final role in a joint effort that began with sales and concept development, continued through engineering and erection, and now concludes with commissioning. Robustengineering is pleased to have partnered with Konecranes Canada and Jrod Steelworks throughout this project. While its contribution may be insignificant at the macro level of a major industrial site, it is critical at the micro level. Its work ensures that this specific equipment is safe and that the crews who rely upon it can do so with full confidence. What's your reaction? 3Good! 0Bad!
Konecranes debuts "Twist-Verify" 3D Laser Profiling for boxhunter reach stackers. Sep 19, 2026. Konecranes has introduced the "Twist-Verify" system for its Boxhandler reach stackers. In busy intermodal rail yards and seaports, operators must engage the twist-locks of 40-ton shipping containers stacked 5-high. Visibility is frequently compromised by fog, rain, and darkness. If the operator lowers the spreader and the twist-locks are misaligned with the container's corner castings, the massive hydraulic down-pressure of the spreader can shear off the lock housings or dent the container roof. The Twist-Verify system integrates "Miniature Laser Profiling Sensors" into each of the four twist-lock housings on the spreader head. The engineering breakthrough is the "Real-Time Castin Alignment." As the spreader descends toward the container, the lasers project a precise contour map of the corner castings. The ECU analyzes the distance and lateral offset of each of the four corners simultaneously. If the spreader is tilted or laterally misaligned by more than 20 millimeters, the system automatically halts the descent hydraulic circuit, preventing the physical collision of the locks. The ECU then commands the spreader's hydraulic yaw and side-shift cylinders to micro-adjust the spreader's position in 3D space, perfectly aligning all four twist-locks with the container castings. Only when all four lasers confirm a positive geometric match does the system allow the descent to continue and the locks to engage. This automated 3D verification eliminates blind-container structural damage and reduces twist-lock replacement costs by 90%. No Information
Port Otago orders 10 Konecranes hybrid straddle carriers. Published on 2026-09-02 at 13:30 Konecranes has received an order from Port Otago for 10 hybrid Konecranes Noell straddle carriers for its container operations in New Zealand's South Island. The NZ$28m investment will see the machines deployed at the Port Chalmers Container Terminal, where they are expected to reduce fuel consumption compared with the port's existing diesel-powered equipment. Konecranes said the units will be delivered fully assembled by the end of August 2027. Port Otago operates 14 straddle carriers at the terminal, averaging 17 years old. Ten are diesel-powered and will be replaced by the new machines, while the remaining four are diesel-electric units averaging about 10 years old. The diesel-electric machines will be reconditioned to extend their operating lives before being replaced, with their retirement scheduled for 2031. "The straddles will use 35% less diesel - that's around 190,000 litres per year - than the 10 diesel machines and ongoing maintenance costs will be half. The new machines will also offer significantly improved up-time availability and deliver improved productivity by lifting our gross crane rate. This, in turn, will lift our service levels to shipping lines," said Port Otago Chief Executive Kevin Winders. The straddle carriers will be Konecranes Noell NSD 644 EHY models, manufactured in Germany. The units will have a 60-tonne lifting capacity and can stack containers four-high. They will be fitted with twin-lift spreaders capable of handling either two 20-foot containers or one 40-foot container. Safety and productivity features include GPS tracking, 360-degree cameras, open data transfer and integration with the terminal operating system, compatibility with Port Otago's business-intelligence systems, and inbuilt maintenance monitoring and notification. "Hybrid straddles represent 90-95% of current world-wide straddle production, and the Konecranes model is capable of being converted to fully electric or hydrogen when these alternative fuels become economically viable," the port said. Fleet management. The order also includes Konecranes' Noell Fleet Management System, which provides telemetry and operational data across the fleet. Port Otago says the system will provide real-time information on machine activity and positioning, supporting the development of routing and productivity tools as the terminal moves towards more data-led operations. "The new straddles will be connected in real-time to Port Otago's systems, providing accurate positioning and activity data points for each straddle. These features are prerequisites for the introduction of new routing software to improve productivity, reduce waste and ultimately support autonomous operations," said Winders. Winders said while the investment is significant financially, it is also significant strategically. Specifically, he explained that the condition of the terminal's mobile plant gave Port Otago a "once-in-a-lifetime opportunity to change the terminal's operating mode" as part of a broader review of the facility's future. "The straddle carrier replacement is just one part of that review. It dovetails into the terminal's NZ$12.5 million rail pad investment that will connect the terminal to Southern Link inland port. It also sits alongside our NZ$30 million development of Dunedin Bulk Port for log storage, and the NZ$23 million extension of the Multipurpose Wharf back in 2019," he added. The wider investment programme is focused on three priorities: enabling the port to handle larger ships, creating more landside space for growth and making the container terminal more data-led. "WorldCargo News is pleased to support Port Otago in the renewal of its container handling fleet. Its hybrid straddle carriers, digital fleet management tools and experienced service technicians in Australia and New Zealand will help deliver higher productivity, lower total cost of ownership and long-term operational reliability, says Peter Kania, Sales Director, Konecranes. Konecranes' regional service organization in Australia and New Zealand will provide local support for the fleet.