Kalmar publishes comparative information for reporting segments and the Group’s key figures from year 2022 onwards
03 Julio 2024 - 2:00AM
Kalmar publishes comparative information for reporting segments and
the Group’s key figures from year 2022 onwards
KALMAR CORPORATION, STOCK EXCHANGE RELEASE, 3 JULY 2024 AT 10:00
AM EEST
Kalmar publishes comparative information for reporting
segments and the Group’s key figures from year 2022
onwards
Kalmar publishes comparative information for reporting segments
and the Group’s key figures from year 2022 onwards. In the
carve-out financial statements which were published as part of the
22 May 2024 dated demerger and listing prospectus, Kalmar was
reported as one segment. As presented in the demerger and listing
prospectus, Kalmar’s reporting business segments are Equipment and
Services as from 1 July 2024. Kalmar offers a wide range of heavy
material handling equipment and services to ports and terminals,
distribution centres, manufacturing industries and to heavy
logistics.
Kalmar publishes comparison figures for reporting segments and
certain other unpublished Group’s key figures from years 2022 and
2023 as well as Q1-Q4/2023 and Q1/2024.
Outlook for 2024 unchanged
Kalmar reiterates its outlook published on 1
July 2024 stating that Kalmar’s comparable operating profit margin
as a standalone company is estimated to be above 11 percent in
2024.
Kalmar’s reporting segments
EquipmentThe Equipment segment consists of a
portfolio of heavy material handling equipment to ports and
terminals, distribution centres, manufacturing industries and heavy
logistics. The Company’s equipment range includes reachstackers,
forklift trucks, empty container handlers, terminal tractors,
straddle carriers and Bromma spreaders.
ServicesThe Services segment consists of an
offering of solutions to ensure Kalmar’s equipment uptime and
productivity. Key offering includes spare parts, on-call and
contract maintenance services, as well as lifecycle services,
including refurbishments, fleet management and upgrades. Data,
analytics and AI have a central role in the services offering.
OtherOther consists of Kalmar’s management and
headquarter functions as well as the cost of certain central
functions that are not allocated to business segments. In addition,
activities not included in the Equipment or the Services segments
are included in Other. These include the remaining activities
related to heavy cranes business, which Kalmar decided to divest in
2022, as well as Kalmar’s share of the profits of the associated
company.
The financial information included in this release is
unaudited.
For further information, please contact:Sakari
Ahdekivi, CFO, tel. +358 50 400 3557Carina Geber-Teir, SVP, IR,
Marketing & Communications, tel. +358 40 502 4697
About KalmarKalmar (Nasdaq
Helsinki: KALMAR) is moving goods in critical supply chains around
the world, with the vision to be the forerunner in sustainable
material handling equipment and services. The company offers a wide
range of industry shaping heavy material handling equipment and
services to ports and terminals, distribution centres,
manufacturing and heavy logistics. Headquartered in Helsinki,
Finland, Kalmar operates globally in over 120 countries and employs
approximately 5,000 people. In 2023, the company's sales on a
carve-out basis totalled approximately EUR 2.0 billion.
www.kalmarglobal.com
Segment information
All information presented is based on carve-out financial
information. All figures presented have been rounded, which may
cause, for example, the sum of individual figures to deviate from
the presented sum total.
Sales, MEUR |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Equipment |
1,318 |
1,442 |
339 |
390 |
354 |
358 |
303 |
Services |
549 |
567 |
145 |
142 |
135 |
145 |
136 |
Other |
76 |
41 |
1 |
20 |
14 |
6 |
0 |
Internal sales |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Total |
1,943 |
2,050 |
485 |
552 |
503 |
509 |
439 |
Sales by geographical area, MEUR |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Europe |
697 |
719 |
166 |
172 |
177 |
204 |
194 |
Finland |
29 |
49 |
13 |
14 |
11 |
12 |
9 |
Other Europe |
667 |
669 |
153 |
158 |
166 |
192 |
185 |
Americas |
842 |
950 |
235 |
270 |
231 |
213 |
167 |
United States |
651 |
735 |
177 |
209 |
183 |
166 |
124 |
Other Americas |
191 |
215 |
58 |
62 |
48 |
46 |
43 |
AMEA |
404 |
381 |
85 |
109 |
95 |
92 |
78 |
Total |
1,943 |
2,050 |
485 |
552 |
503 |
509 |
439 |
Sales by geographical area, % |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Europe |
36% |
35% |
34% |
31% |
35% |
40% |
44% |
Finland |
2% |
2% |
3% |
2% |
2% |
2% |
2% |
Other Europe |
34% |
33% |
32% |
29% |
33% |
38% |
42% |
Americas |
43% |
46% |
48% |
49% |
46% |
42% |
38% |
United States |
34% |
36% |
36% |
38% |
36% |
33% |
28% |
Other Americas |
10% |
10% |
12% |
11% |
10% |
9% |
10% |
AMEA |
21% |
19% |
17% |
20% |
19% |
18% |
18% |
Total |
100% |
100% |
100% |
100% |
100% |
100% |
100% |
Orders received, MEUR |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Equipment |
1,526 |
1,167 |
329 |
302 |
266 |
270 |
247 |
Services |
542 |
538 |
142 |
135 |
126 |
136 |
155 |
Other |
13 |
0 |
0 |
0 |
0 |
0 |
0 |
Total |
2,081 |
1,705 |
471 |
437 |
392 |
405 |
402 |
Orders received by geographical area, MEUR |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Europe |
728 |
708 |
191 |
192 |
174 |
150 |
179 |
Americas |
970 |
608 |
184 |
149 |
106 |
169 |
130 |
AMEA |
383 |
389 |
95 |
96 |
112 |
86 |
94 |
Total |
2,081 |
1,705 |
471 |
437 |
392 |
405 |
402 |
Orders received by geographical area, % |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Europe |
35% |
42% |
41% |
44% |
45% |
37% |
44% |
Americas |
47% |
36% |
39% |
34% |
27% |
42% |
32% |
AMEA |
18% |
23% |
20% |
22% |
28% |
21% |
23% |
Total |
100% |
100% |
100% |
100% |
100% |
100% |
100% |
Order book, MEUR |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Equipment |
1,254 |
928 |
1,224 |
1,146 |
1,063 |
928 |
859 |
Services |
123 |
90 |
119 |
108 |
98 |
90 |
105 |
Other |
51 |
7 |
47 |
26 |
11 |
7 |
7 |
Total |
1,428 |
1,024 |
1,390 |
1,281 |
1,172 |
1,024 |
972 |
Operating profit and EBITDA, MEUR |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Equipment |
106.0 |
201.8 |
43.9 |
56.8 |
51.4 |
49.7 |
39.3 |
Services |
99.0 |
95.6 |
27.0 |
25.6 |
21.8 |
21.2 |
22.8 |
Other |
-86.8 |
-57.2 |
-15.0 |
-10.8 |
-13.7 |
-17.7 |
-16.3 |
Operating profit |
118.3 |
240.2 |
55.9 |
71.6 |
59.4 |
53.2 |
45.8 |
Depreciation, amortisation and impairment |
52.4 |
57.2 |
14.0 |
14.1 |
14.1 |
15.0 |
13.7 |
EBITDA |
170.7 |
297.4 |
70.0 |
85.8 |
73.5 |
68.2 |
59.5 |
Operating profit, % |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Equipment |
8.1% |
14.0% |
12.9% |
14.6% |
14.5% |
13.9% |
13.0% |
Services |
18.0% |
16.9% |
18.6% |
18.1% |
16.1% |
14.6% |
16.8% |
Other |
< -100% |
< -100% |
< -100% |
-53.1% |
-98.8% |
< -100% |
< -100% |
Total |
6.1% |
11.7% |
11.5% |
13.0% |
11.8% |
10.5% |
10.4% |
Items affecting comparability, MEUR |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Equipment |
-0.4 |
- |
0.0 |
0.0 |
- |
- |
0.0 |
Services |
-0.8 |
0.0 |
0.0 |
0.0 |
- |
0.0 |
0.0 |
Other |
-49.4 |
-14.6 |
-0.5 |
0.1 |
-7.1 |
-7.1 |
-8.2 |
Items affecting comparability, total |
-50.6 |
-14.5 |
-0.4 |
0.0 |
-7.1 |
-7.0 |
-8.1 |
Restructuring costs |
-41.9 |
-1.2 |
-0.4 |
0.0 |
-0.5 |
-0.3 |
-0.1 |
Other items affecting comparability |
-8.7 |
-13.3 |
- |
- |
-6.6 |
-6.7 |
-8.1 |
Comparable operating profit, MEUR |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Equipment |
106.5 |
201.8 |
43.9 |
56.8 |
51.4 |
49.7 |
39.3 |
Services |
99.8 |
95.6 |
27.0 |
25.6 |
21.8 |
21.2 |
22.8 |
Other |
-37.4 |
-42.7 |
-14.6 |
-10.8 |
-6.7 |
-10.6 |
-8.1 |
Total |
168.9 |
254.7 |
56.3 |
71.6 |
66.5 |
60.3 |
53.9 |
Comparable operating profit, % |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Equipment |
8.1% |
14.0% |
12.9% |
14.6% |
14.5% |
13.9% |
13.0% |
Services |
18.3% |
16.9% |
18.6% |
18.1% |
16.1% |
14.6% |
16.7% |
Other |
-49.3% |
< -100% |
< -100% |
-53.4% |
-47.8% |
< -100% |
< -100% |
Total |
8.7% |
12.4% |
11.6% |
13.0% |
13.2% |
11.8% |
12.3% |
Average number of employees |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Equipment |
2,624 |
2,662 |
2,656 |
2,669 |
2,679 |
2,662 |
2,542 |
Services |
2,291 |
2,233 |
2,251 |
2,235 |
2,241 |
2,233 |
2,161 |
Other |
147 |
231 |
202 |
218 |
228 |
231 |
426 |
Total |
5,062 |
5,125 |
5,109 |
5,121 |
5,147 |
5,125 |
5,129 |
Number of employees at the end of the period |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Equipment |
2,653 |
2,562 |
2,666 |
2,702 |
2,699 |
2,562 |
2,535 |
Services |
2,269 |
2,188 |
2,227 |
2,235 |
2,243 |
2,188 |
2,164 |
Other |
177 |
241 |
217 |
233 |
244 |
241 |
419 |
Total |
5,099 |
4,991 |
5,110 |
5,170 |
5,186 |
4,991 |
5,118 |
Number of employees at the end of the period by
geographical area |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Europe |
2,903 |
2,806 |
2,918 |
2,947 |
2,952 |
2,806 |
2,946 |
Americas |
620 |
616 |
634 |
682 |
662 |
616 |
600 |
AMEA |
1,576 |
1,569 |
1,558 |
1,541 |
1,572 |
1,569 |
1,572 |
Total |
5,099 |
4,991 |
5,110 |
5,170 |
5,186 |
4,991 |
5,118 |
Other comparative information
Kalmar Group, carve-out |
2022 |
2023 |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
Gross profit, MEUR |
385.5 |
509.3 |
122.2 |
132.6 |
121.9 |
132.5 |
112.4 |
Gross profit, % of sales |
19.8% |
24.8% |
25.2% |
24.0% |
24.2% |
26.0% |
25.6% |
Profit before taxes, MEUR |
117.5 |
241.5 |
55.6 |
71.4 |
61.1 |
53.4 |
47.7 |
Profit before taxes, % of sales |
6.0% |
11.8% |
11.5% |
12.9% |
12.1% |
10.5% |
10.9% |
Profit for the period, MEUR |
92.6 |
193.8 |
44.9 |
55.8 |
49.7 |
43.3 |
33.4 |
Profit for the period, % of sales |
4.8% |
9.5% |
9.3% |
10.1% |
9.9% |
8.5% |
7.6% |
Cash flow from operations before finance items and taxes, MEUR |
178.5 |
256.8 |
-2.0 |
-1.5 |
131.3 |
128.9 |
101.7 |
Return on capital employed (ROCE), last 12 months, % |
12.4% |
24.4% |
15.4% |
22.7% |
23.2% |
24.4% |
22.5% |
- release-data-attachment-en