Kalmar’s order intake in Q4 clearly exceeded both our and the market’s forecasts. Revenue decreased by 14%, which was more moderate than expected.

Kalmar's Q4 report turned positive in terms of order intake, while the operational figures were fairly well in line with market expectations.

We expect the development to remain relatively stable compared to previous quarters, although mirroring the company's comments, the EBIT margin level is expected to decline from Q3 levels.