Kalmar (KALMAR) Pre-silent call presentation summary

Financial performance and profitability

• Profitability remained resilient in Q4 2024 despite lower sales, with a comparable operating profit margin of 12.1% for the quarter and 12.6% for the full year 2024.

• Highest quarterly orders in two years were recorded in Q4 2024, driven by several large orders.

• Full-year 2024 sales totaled €1,720 million, with services accounting for 41% and eco portfolio for 33%.

• Board proposes a dividend of €0.99 per class A share and €1.00 per class B share.

• Guidance for 2025 targets a comparable operating profit margin above 12%.

Orders, demand, and market environment

• Q4 2024 saw a 20% increase in orders received, totaling €486 million, with the order book at €955 million.

• Demand in ports and terminals remained strong globally, while distribution segment demand in the US was subdued but improving.

• Equipment segment received €1,099 million in orders and services segment €580 million in 2024.

• Announced large orders in Q1 2025 include straddle carriers for Morocco and the UK, and reachstackers for Sweden.

• Market outlook indicates modest global growth with some uncertainties, with average GDP and container throughput growth rates of 3.2% for 2024–2028.

Business structure and global presence

• Sales are geographically diversified: Europe 41%, Americas 38%, AMEA 20%.

• Sales and service network spans over 120 countries, with more than 1,400 service technicians and legal entities in 30+ countries.

• Approximately 34% of global sales in 2024 were through dealers.

• US operations generate significant revenue from both equipment and services.