OverviewSuggest Edit

Konecranes is a company engaged in the manufacture and marketing of lifting equipment, as well as the provision of lifting solutions and services. The company's operations are divided into three business areas. The Service business area provides specialized maintenance services and spare parts for all types and makes of industrial cranes and hoists. The Industrial Equipment area offers hoists, cranes and material handling solutions for a wide range of customers. The Port Solutions area offers a full range of container handling equipment, equipment for handling bulk, general and project cargo, shipyard handling equipment and heavy-duty lift trucks, backed by a complete range of services.

TypePublic
Founded1910
HQHyvinkää, FI
Websitekonecranes.com
Employee Ratings3.6
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)16,196
Job Openings184
Revenue (FY, 2019)€3.3 B(+6%)
Share Price (Nov 2020)€27.8
Cybersecurity ratingCMore

Key People/Management at Konecranes

Carolin Paulus

Carolin Paulus

Executive Vice President, Industrial Equipment
Rob Smith

Rob Smith

President and CEO
Mika Mahlberg

Mika Mahlberg

Executive Vice President, Business Area Port Solutions
Sirpa Poitsalo

Sirpa Poitsalo

Secretary of the Board
Teo Ottola

Teo Ottola

Chief Financial Officer
Fabio Fiorino

Fabio Fiorino

Executive Vice President, Business Area Service
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Konecranes Office Locations

Konecranes has offices in Hyvinkää, Espoo, Springfield, Ingleburn and in 51 other locations
Hyvinkää, FI (HQ)
Koneenkatu 8, Pl 661
Espoo, FI
Keilaranta 13 A, 3rd floor
Ingleburn, AU
14 Heald Rd
Brunn am Gebirge, AT
Rennweg 87
Chittagong, BD
Ispahani Building, Sheikh Mujib Rd
Lummen, BE
75 Bosstraat
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Konecranes Financials and Metrics

Konecranes Revenue

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Konecranes's revenue was reported to be €3.33 b in FY, 2019 which is a 5.4% increase from the previous period.
EUR

Revenue (Q2, 2020)

704.7m

Gross profit (Q2, 2020)

411.2m

Gross profit margin (Q2, 2020), %

58.4%

Net income (Q2, 2020)

30.3m

EBIT (Q2, 2020)

42.7m

Market capitalization (13-Nov-2020)

2.2b

Closing stock price (13-Nov-2020)

27.8

Cash (30-Jun-2020)

503.9m

EV

3.0b
Konecranes's current market capitalization is €2.2 b.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

3.1b3.2b3.3b

Revenue growth, %

48%1%5%

Cost of goods sold

1.4b1.4b1.5b

Gross profit

1.7b1.8b1.8b
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020Q2, 2020

Revenue

672.8m772.2m800.2m910.8m758.2m794.0m841.3m933.3m769.6m704.7m

Cost of goods sold

262.4m325.5m351.9m432.1m322.5m329.4m388.0m465.1m344.5m293.5m

Gross profit

410.4m446.7m448.3m478.7m435.7m464.6m453.3m468.2m425.1m411.2m

Gross profit Margin, %

61%58%56%53%57%59%54%50%55%58%
Annual
EURFY, 2017FY, 2018FY, 2019

Cash

233.1m230.5m378.2m

Accounts Receivable

538.2m548.0m530.4m

Inventories

545.0m635.8m658.7m

Current Assets

1.6b1.6b1.9b
Quarterly
Annual
EURFY, 2017FY, 2018FY, 2019

Net Income

225.0m98.3m82.8m

Depreciation and Amortization

117.0m119.9m123.6m

Inventories

(3.4m)(91.1m)(18.9m)

Cash From Operating Activities

249.4m109.2m172.8m
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

8.3m30.6m62.5m13.2m33.3m37.0m11.5m41.8m

Depreciation and Amortization

27.4m54.4m80.4m29.9m61.6m92.9m33.5m67.5m

Inventories

(77.3m)(109.7m)(127.7m)(53.3m)(99.0m)(100.3m)(37.2m)(114.8m)

Cash From Operating Activities

3.4m(9.1m)20.3m30.1m42.8m132.7m63.7m130.5m
EURFY, 2017

Revenue/Employee

191.6k

Debt/Equity

0.6 x

Debt/Assets

0.2 x

Financial Leverage

2.8 x
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Konecranes Acquisitions / Subsidiaries

Company NameDateDeal Size
Morris Material HandlingDecember 31, 5004
DemagJanuary 02, 2020€148.30 m
SanmaJuly 12, 2014
Saudi Cranes & Steel Works Co.December 31, 2011
WMI CranesDecember 31, 2011
KitoDecember 31, 2010
ACS TechnologiesDecember 31, 2009
Dynamic Crane SystemsDecember 31, 2009
Knight EuropeDecember 31, 2009
Machine Tool Solutions UnlimitedDecember 31, 2009
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Konecranes Revenue Breakdown

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Konecranes revenue breakdown by business segment: 31.3% from Ports Solutions, 33.2% from Industrial Equipment, 35.3% from Servise and 0.2% from Other

Konecranes revenue breakdown by geographic segment: 14.0% from APAC, 34.4% from AME and 51.5% from EMEA

Human Capital Metrics

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Konecranes Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Konecranes Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Konecranes Online and Social Media Presence

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Konecranes Company Culture

  • Overall Culture

    A+

    84/100

  • CEO Rating

    A+

    86/100

  • Compensation

    A

    79/100

  • Diversity

    A+

    82/100

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Konecranes News and Updates

Beam Cranes 2020 Global Market Key Players – Eilbeck Cranes, Konecranes, Terex, EMH - Analysis and Forecast to 2026

Wiseguyreports.Com Publish New Market Research Report On-“Beam Cranes Market 2020 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2026” Posted via Industry Today. Follow us on Twitter @IndustryToday

Cargotec and Konecranes to Merge Creating a Global Leader in Sustainable Material Flow

CARGOTEC CORPORATION INSIDE INFORMATION 1 OCTOBER 2020 AT 9:00 A.M. EEST

Overhead Cranes 2020 Global Market Key Players – KITO GROUP, Konecranes, Terex, ABUS - Analysis and Forecast to 2026

Wiseguyreports.Com Publish New Market Research Report On-“Covid-19 Impact on Overhead Cranes Market 2020 Global Analysis by Sales, Demand, Trends, Consumption and Growth, Forecast 2026” Posted via Industry Today. Follow us on Twitter @IndustryToday

Konecranes to strengthen its market position in Southeast Asia by buying full ownership of MHE-Demag

KONECRANES PLC INSIDER INFORMATION December 5, 2019 at 9:00 am EET Konecranes to strengthen its market position in Southeast Asia by buying full ownership of MHE-Demag

Konecranes to Supply All Cranes for New Green Bay Packaging Paper Mill

SPRINGFIELD, Ohio, Nov. 15, 2019 (GLOBE NEWSWIRE) -- Konecranes has been chosen to supply nine cranes, including four automated roll storage cranes, for the first new paper mill built in Wisconsin in over 30 years. 

Konecranes wins maintenance and consulting services agreement with GE Power in France

Konecranes has won an agreement with GE Power to provide services covering 264 cranes and jibs that will help the global energy leader bolster operations and improve efficiency at two locations in northern France.
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Konecranes Blogs

Waste To Energy and Biomass Consulting Solution

Waste To Energy and Biomass Consulting Solution abhijeet.das@k… Tue, 11/03/2020 - 11:40 Partnering with you for growth Renewable energy provides some of the most challenging crane applications. Konecranes has been meeting the rigorous demands of WtE solutio…

CheckApp

CheckApp CheckApp for Daily Inspections brochure /sites/default/files/2020-05/CheckApp_brochure_Mar2020_Konecranes.pdf sebastian.kija… Wed, 07/15/2020 - 10:27 for daily Inspection

Truconnect

Truconnect yourKONECRANES helps you make informed maintenance decisions /sites/default/files/download/yourkonecranes_customerstory_dec2017_konecranes.pdf TRUCONNECT® Remote Monitoring: Improved Safety and Optimized Crane Maintenance /sites/default/files/download…

yourKONECTANES

yourKONECTANES yourKONECRANES helps you make informed maintenance decisions /sites/default/files/download/yourkonecranes_customerstory_dec2017_konecranes.pdf sebastian.kija… Wed, 07/15/2020 - 10:25 Lorem ipsum

Social responsibility

Social responsibility aku.iivonen Mon, 06/08/2020 - 12:31 When talking about social responsibility at Konecranes, we talk about our own employees and all the people we have an impact on: workers in our supply chain, users of our products and the communities around us. Universal human rights are a…

Webform - Chat leads

Webform - Chat leads kcadmin Thu, 04/09/2020 - 10:44 Off
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Konecranes Frequently Asked Questions

  • When was Konecranes founded?

    Konecranes was founded in 1910.

  • Who are Konecranes key executives?

    Konecranes's key executives are Carolin Paulus, Rob Smith and Mika Mahlberg.

  • How many employees does Konecranes have?

    Konecranes has 16,196 employees.

  • What is Konecranes revenue?

    Latest Konecranes annual revenue is €3.3 b.

  • What is Konecranes revenue per employee?

    Latest Konecranes revenue per employee is €205.4 k.

  • Who are Konecranes competitors?

    Competitors of Konecranes include Terex, Columbus McKinnon and KONE.

  • Where is Konecranes headquarters?

    Konecranes headquarters is located at Koneenkatu 8, Pl 661, Hyvinkää.

  • Where are Konecranes offices?

    Konecranes has offices in Hyvinkää, Espoo, Springfield, Ingleburn and in 51 other locations.

  • How many offices does Konecranes have?

    Konecranes has 55 offices.