Kalmar (KALMAR) Investor presentation summary

Strategy overview

• 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.

• Strong customer proximity, experienced workforce, and attractive market underpin the strategy.

Q3 2025 highlights & performance

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

• Services orders increased, while equipment orders declined due to delayed decisions and market uncertainty.

• Sales grew by 3% (5% in constant currencies), with services share rising to 34%.

• Americas sales declined, but AMEA showed strong growth; Europe remained stable.

Market environment

• Global heavy material handling market expected to grow at ~4% annually, with electrification segment growing 28% per year.

• Electrification and decarbonization are key drivers, with 63% of customers planning low/zero emission capex by 2028.

• Tariffs and trade policy volatility continue to impact decision-making and order timing.