Kalmar reported solid profitability and successful stock market listing with decreased orders and sales.

From GlobeNewswire: 2024-08-08 02:20:00

In the first half of 2024, Kalmar Corporation reported a solid profitability and successful listing on the stock market. Orders received decreased by 14% to EUR 375 million, with an order book of EUR 925 million at the end of June. Sales declined by 25% to EUR 417 million, but eco portfolio sales represented 40% of total sales. The comparable operating profit margin was 12.6% in the second quarter.

President & CEO Sami Niiranen expressed pride in the successful listing of Kalmar and continued solid profitability. The demerger from Cargotec was completed in June, with Kalmar listed on Nasdaq Helsinki in July. Despite mixed demand, orders amounted to EUR 375 million, with sales declining by 25% to EUR 417 million. The service sector showed more stability than equipment sales. The operating profit margin was 12.6% in the second quarter.



Read more at GlobeNewswire:: Kalmar’s half-year financial report January–June 2024: