Kalmar Reports Strong Q2 Growth on Eco Portfolio Surge
Event summary
- Kalmar's Q2 sales grew 14% YoY to EUR 480M, with eco portfolio sales up 27% to EUR 233M.
- Comparable operating profit increased 9% to EUR 60M (12.4% margin).
- Order book stood at EUR 986M, providing a solid foundation for H2.
- Services segment showed early recovery with 17.0% comparable operating profit margin.
- Cash flow from operations before finance items and taxes totalled EUR 82M in Q2.
The big picture
Kalmar's strong Q2 performance highlights the growing demand for sustainable material handling solutions, particularly in electrification. The company's ability to mitigate tariff impacts and maintain profitability despite geopolitical uncertainty underscores its strategic resilience. With a solid order book and continued focus on innovation, Kalmar is well-positioned to capitalize on industry megatrends such as decarbonisation and intelligent operations.
What we're watching
- Eco Portfolio Momentum
- Whether Kalmar can sustain the 27% YoY growth in eco portfolio sales amid global trade tensions.
- Services Segment Recovery
- How the early recovery in the Services segment will impact long-term profitability and recurring revenue.
- Execution Risk
- The pace at which Kalmar can achieve its EUR 50M target for annualised gross efficiency improvements under Driving Excellence initiative.
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