Kalmar: Little strokes fell great oaks
Translation: Original published in Finnish on 10/8/2024 at 8:37 am EEST.
Kalmar has separately announced five small orders for Q3'24. The value of published orders now exceeds the corresponding figure for Q2'24, indicating a good base flow of customer activity.
Orders concentrated at the smaller end
Yesterday, Kalmar announced its fifth order for Q3, which we estimate at 5-7 MEUR. In total, Kalmar has so far announced five smaller orders to be booked in Q3, which we estimate to have a total value of 16 MEUR. The quarter has not yet been impacted by major individual announcements, such as the container straddle carrier orders from Kingston Freeport Terminal (estimated at 18 MEUR) and Patrick Terminals (estimated at 15 MEUR) in Q3'23. Kalmar already mentioned in the Q2'24 report that demand is now focused on smaller equipment, i.e., reach stackers, forklifts and terminal tractors. Overall, we believe that activity is still reasonable, and the value of orders announced so far for Q3 already exceeds the corresponding value for Q2 (14-15 MEUR).
Kalmar
Kalmar operates in freight handling for ports, terminals, distribution centers and heavy industry. The company develops various solutions, and provides, among other things, border tractors, terminal tractors, reach stackers, empty container handlers and forklifts. Kalmar is a spin-off of the Cargotec group. The company has its headquarters in Helsinki.
Read more on company pageKey Estimate Figures08.08
2023 | 24e | 25e | |
---|---|---|---|
Omsætning | 2.049,6 | 1.684,9 | 1.720,7 |
vækst-% | 5,50 % | -17,79 % | 2,13 % |
EBIT (adj.) | 254,7 | 197,4 | 205,9 |
EBIT-% (adj.) | 12,43 % | 11,71 % | 11,97 % |
EPS (adj.) | 3,17 | 2,31 | 2,31 |
Udbytte | 0,00 | 1,00 | 1,20 |
Udbytte % | 3,15 % | 3,78 % | |
P/E (adj.) | 16,60 | 13,73 | 13,75 |
EV/EBITDA | 11,07 | 9,83 | 8,14 |