Kalmar (KALMAR) Investor presentation summary

Strategy overview

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

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

• Customer proximity, experienced personnel, and a strong financial profile underpin the strategy.

Q4/2025 highlights and performance

• Record order intake of EUR 511 million, with sales up 11% to EUR 487 million.

• Comparable operating profit rose to EUR 60.5 million (12.4% margin), supported by efficiency improvements.

• Strong operating cash flow of EUR 112.8 million, aided by inventory reductions.

• Guidance for 2026: operating profit margin expected above 12.5%.

Market environment

• Global heavy material handling market projected to grow ~4% annually to EUR 16.5 billion by 2028.

• Electrification segment expected to grow 28% annually, driven by decarbonization and increased equipment complexity.

• Modest global GDP and container throughput growth forecasted for 2026.