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 Openings397
Revenue (FY, 2019)€3.3 B(+6%)
Share Price (Nov 2021)€38.9(+3%)
Cybersecurity ratingCMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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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 (10-Nov-2021)

3.1b

Closing stock price (10-Nov-2021)

38.9

Cash (30-Jun-2020)

503.9m

EV

3.9b
Konecranes's current market capitalization is €3.1 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€148.3 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: 35.3% from Servise , 33.2% from Industrial Equipment, 31.3% from Ports Solutions and 0.2% from Other

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

Human Capital Metrics

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Konecranes Cybersecurity Score

Cybersecurity ratingPremium dataset

C

72/100

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

    76/100

  • CEO Rating

    A+

    78/100

  • Compensation

    A-

    76/100

  • Diversity

    A

    79/100

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Konecranes News and Updates

Cargotec and Konecranes note CMA’s announced Provisional Findings regarding the planned merger of Cargotec and Konecranes

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 26 NOVEMBER 2021 AT 9:15 AM (EET)

Cargotec and Konecranes announce planned high-level operating model and leadership team for the Future Company

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 4 NOVEMBER 2021 AT 9:00 AM (EET)

State Administration for Market Regulation has approved the merger between Cargotec and Konecranes in China

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 10 AUGUST 2021 AT 8.30 AM EEST

Nokia, Edzcom deploy 5G SA private wireless network to support Konecranes advanced R&D work

Espoo, Finland – Nokia and Edzcom today announced that they will jointly deliver a 5G standalone (SA) private wireless network for Konecranes at its Hyvinkää smart factory in Finland.read more
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Konecranes Blogs

Maximizing safety for equipment and personnel

Maximizing safety for equipment and personnel Moira Honeyman Fri, 09/24/2021 - 21:14   Delivering safety improvements We engage customers through a consultative, open and transparent approach to deliver measurable improvements in safety, productivity and sustainability.​ Whenever we service eq…

Konecranes Self Service tools

Konecranes Self Service tools Perttu Tiainen Wed, 06/16/2021 - 14:21 Select the right tool for your need MHC Product Advisor Mobile Harbor Cranes offer a high degre…

Digital tool information on yourKONECRANES

Digital tool information on yourKONECRANES moira.honeyman… Tue, 03/09/2021 - 22:35 CheckApp for Daily Inspections  CheckApp helps crane users quickly and easily record their findings when performing pre-shift and/or pre-lift inspections. The Daily Inspection view in yourKONECRANES shows daily in…

Slings and Accessories Inspection

Slings and Accessories Inspection moira.honeyman… Wed, 02/03/2021 - 17:43 Konecranes Slings and Accessories Inspection combines radio frequency identification (RFID) tags and a smartphone app to help you quickly and reliably identify attachments and record device inspection data. Inspection data…

Port Services Retrofits

Port Services Retrofits susannah.holz… Sat, 01/23/2021 - 16:04 Ports. Evolved. Global Port Services Dragonflies reach speeds of ne…

Retrofits

Retrofits susannah.holz… Sat, 01/23/2021 - 16:04 Ports. Evolved. Global Port Services Dragonflies reach speeds of nearly 35 mph an…
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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 Cargotec, KONE and Columbus McKinnon.

  • 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.