Kalmar publishes comparative information for reporting segments and the Group’s key figures from year 2022 onwards
KALMAR CORPORATION, STOCK EXCHANGE RELEASE, 3 JULY 2024 AT 10:00 AM EEST
Kalmar publishes comparative information for reporting segments and the Group’s key figures from year 2022 onwards
Kalmar publishes comparative information for reporting segments and the Group’s key figures from year 2022 onwards. In the carve-out financial statements which were published as part of the 22 May 2024 dated demerger and listing prospectus, Kalmar was reported as one segment. As presented in the demerger and listing prospectus, Kalmar’s reporting business segments are Equipment and Services as from 1 July 2024. Kalmar offers a wide range of heavy material handling equipment and services to ports and terminals, distribution centres, manufacturing industries and to heavy logistics.
Kalmar publishes comparison figures for reporting segments and certain other unpublished Group’s key figures from years 2022 and 2023 as well as Q1-Q4/2023 and Q1/2024.
Outlook for 2024 unchanged
Kalmar reiterates its outlook published on 1 July 2024 stating that Kalmar’s comparable operating profit margin as a standalone company is estimated to be above 11 percent in 2024.
Kalmar’s reporting segments
Equipment
The Equipment segment consists of a portfolio of heavy material handling equipment to ports and terminals, distribution centres, manufacturing industries and heavy logistics. The Company’s equipment range includes reachstackers, forklift trucks, empty container handlers, terminal tractors, straddle carriers and Bromma spreaders.
Services
The Services segment consists of an offering of solutions to ensure Kalmar’s equipment uptime and productivity. Key offering includes spare parts, on-call and contract maintenance services, as well as lifecycle services, including refurbishments, fleet management and upgrades. Data, analytics and AI have a central role in the services offering.
Other
Other consists of Kalmar’s management and headquarter functions as well as the cost of certain central functions that are not allocated to business segments. In addition, activities not included in the Equipment or the Services segments are included in Other. These include the remaining activities related to heavy cranes business, which Kalmar decided to divest in 2022, as well as Kalmar’s share of the profits of the associated company.
The financial information included in this release is unaudited.
For further information, please contact:
Sakari Ahdekivi, CFO, tel. +358 50 400 3557
Carina Geber-Teir, SVP, IR, Marketing & Communications, tel. +358 40 502 4697
About Kalmar
Kalmar (Nasdaq Helsinki: KALMAR) is moving goods in critical supply chains around the world, with the vision to be the forerunner in sustainable material handling equipment and services. The company offers a wide range of industry shaping heavy material handling equipment and services to ports and terminals, distribution centres, manufacturing and heavy logistics. Headquartered in Helsinki, Finland, Kalmar operates globally in over 120 countries and employs approximately 5,000 people. In 2023, the company's sales on a carve-out basis totalled approximately EUR 2.0 billion. www.kalmarglobal.com
Segment information
All information presented is based on carve-out financial information. All figures presented have been rounded, which may cause, for example, the sum of individual figures to deviate from the presented sum total.
| Sales, MEUR | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Equipment | 1,318 | 1,442 | 339 | 390 | 354 | 358 | 303 |
| Services | 549 | 567 | 145 | 142 | 135 | 145 | 136 |
| Other | 76 | 41 | 1 | 20 | 14 | 6 | 0 |
| Internal sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1,943 | 2,050 | 485 | 552 | 503 | 509 | 439 |
| Sales by geographical area, MEUR | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Europe | 697 | 719 | 166 | 172 | 177 | 204 | 194 |
| Finland | 29 | 49 | 13 | 14 | 11 | 12 | 9 |
| Other Europe | 667 | 669 | 153 | 158 | 166 | 192 | 185 |
| Americas | 842 | 950 | 235 | 270 | 231 | 213 | 167 |
| United States | 651 | 735 | 177 | 209 | 183 | 166 | 124 |
| Other Americas | 191 | 215 | 58 | 62 | 48 | 46 | 43 |
| AMEA | 404 | 381 | 85 | 109 | 95 | 92 | 78 |
| Total | 1,943 | 2,050 | 485 | 552 | 503 | 509 | 439 |
| Sales by geographical area, % | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Europe | 36% | 35% | 34% | 31% | 35% | 40% | 44% |
| Finland | 2% | 2% | 3% | 2% | 2% | 2% | 2% |
| Other Europe | 34% | 33% | 32% | 29% | 33% | 38% | 42% |
| Americas | 43% | 46% | 48% | 49% | 46% | 42% | 38% |
| United States | 34% | 36% | 36% | 38% | 36% | 33% | 28% |
| Other Americas | 10% | 10% | 12% | 11% | 10% | 9% | 10% |
| AMEA | 21% | 19% | 17% | 20% | 19% | 18% | 18% |
| Total | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Orders received, MEUR | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Equipment | 1,526 | 1,167 | 329 | 302 | 266 | 270 | 247 |
| Services | 542 | 538 | 142 | 135 | 126 | 136 | 155 |
| Other | 13 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2,081 | 1,705 | 471 | 437 | 392 | 405 | 402 |
| Orders received by geographical area, MEUR | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Europe | 728 | 708 | 191 | 192 | 174 | 150 | 179 |
| Americas | 970 | 608 | 184 | 149 | 106 | 169 | 130 |
| AMEA | 383 | 389 | 95 | 96 | 112 | 86 | 94 |
| Total | 2,081 | 1,705 | 471 | 437 | 392 | 405 | 402 |
| Orders received by geographical area, % | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Europe | 35% | 42% | 41% | 44% | 45% | 37% | 44% |
| Americas | 47% | 36% | 39% | 34% | 27% | 42% | 32% |
| AMEA | 18% | 23% | 20% | 22% | 28% | 21% | 23% |
| Total | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Order book, MEUR | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Equipment | 1,254 | 928 | 1,224 | 1,146 | 1,063 | 928 | 859 |
| Services | 123 | 90 | 119 | 108 | 98 | 90 | 105 |
| Other | 51 | 7 | 47 | 26 | 11 | 7 | 7 |
| Total | 1,428 | 1,024 | 1,390 | 1,281 | 1,172 | 1,024 | 972 |
| Operating profit and EBITDA, MEUR | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Equipment | 106.0 | 201.8 | 43.9 | 56.8 | 51.4 | 49.7 | 39.3 |
| Services | 99.0 | 95.6 | 27.0 | 25.6 | 21.8 | 21.2 | 22.8 |
| Other | -86.8 | -57.2 | -15.0 | -10.8 | -13.7 | -17.7 | -16.3 |
| Operating profit | 118.3 | 240.2 | 55.9 | 71.6 | 59.4 | 53.2 | 45.8 |
| Depreciation, amortisation and impairment | 52.4 | 57.2 | 14.0 | 14.1 | 14.1 | 15.0 | 13.7 |
| EBITDA | 170.7 | 297.4 | 70.0 | 85.8 | 73.5 | 68.2 | 59.5 |
| Operating profit, % | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Equipment | 8.1% | 14.0% | 12.9% | 14.6% | 14.5% | 13.9% | 13.0% |
| Services | 18.0% | 16.9% | 18.6% | 18.1% | 16.1% | 14.6% | 16.8% |
| Other | < -100% | < -100% | < -100% | -53.1% | -98.8% | < -100% | < -100% |
| Total | 6.1% | 11.7% | 11.5% | 13.0% | 11.8% | 10.5% | 10.4% |
| Items affecting comparability, MEUR | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Equipment | -0.4 | - | 0.0 | 0.0 | - | - | 0.0 |
| Services | -0.8 | 0.0 | 0.0 | 0.0 | - | 0.0 | 0.0 |
| Other | -49.4 | -14.6 | -0.5 | 0.1 | -7.1 | -7.1 | -8.2 |
| Items affecting comparability, total | -50.6 | -14.5 | -0.4 | 0.0 | -7.1 | -7.0 | -8.1 |
| Restructuring costs | -41.9 | -1.2 | -0.4 | 0.0 | -0.5 | -0.3 | -0.1 |
| Other items affecting comparability | -8.7 | -13.3 | - | - | -6.6 | -6.7 | -8.1 |
| Comparable operating profit, MEUR | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Equipment | 106.5 | 201.8 | 43.9 | 56.8 | 51.4 | 49.7 | 39.3 |
| Services | 99.8 | 95.6 | 27.0 | 25.6 | 21.8 | 21.2 | 22.8 |
| Other | -37.4 | -42.7 | -14.6 | -10.8 | -6.7 | -10.6 | -8.1 |
| Total | 168.9 | 254.7 | 56.3 | 71.6 | 66.5 | 60.3 | 53.9 |
| Comparable operating profit, % | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Equipment | 8.1% | 14.0% | 12.9% | 14.6% | 14.5% | 13.9% | 13.0% |
| Services | 18.3% | 16.9% | 18.6% | 18.1% | 16.1% | 14.6% | 16.7% |
| Other | -49.3% | < -100% | < -100% | -53.4% | -47.8% | < -100% | < -100% |
| Total | 8.7% | 12.4% | 11.6% | 13.0% | 13.2% | 11.8% | 12.3% |
| Average number of employees | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Equipment | 2,624 | 2,662 | 2,656 | 2,669 | 2,679 | 2,662 | 2,542 |
| Services | 2,291 | 2,233 | 2,251 | 2,235 | 2,241 | 2,233 | 2,161 |
| Other | 147 | 231 | 202 | 218 | 228 | 231 | 426 |
| Total | 5,062 | 5,125 | 5,109 | 5,121 | 5,147 | 5,125 | 5,129 |
| Number of employees at the end of the period | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Equipment | 2,653 | 2,562 | 2,666 | 2,702 | 2,699 | 2,562 | 2,535 |
| Services | 2,269 | 2,188 | 2,227 | 2,235 | 2,243 | 2,188 | 2,164 |
| Other | 177 | 241 | 217 | 233 | 244 | 241 | 419 |
| Total | 5,099 | 4,991 | 5,110 | 5,170 | 5,186 | 4,991 | 5,118 |
| Number of employees at the end of the period by geographical area | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Europe | 2,903 | 2,806 | 2,918 | 2,947 | 2,952 | 2,806 | 2,946 |
| Americas | 620 | 616 | 634 | 682 | 662 | 616 | 600 |
| AMEA | 1,576 | 1,569 | 1,558 | 1,541 | 1,572 | 1,569 | 1,572 |
| Total | 5,099 | 4,991 | 5,110 | 5,170 | 5,186 | 4,991 | 5,118 |
Other comparative information
| Kalmar Group, carve-out | 2022 | 2023 | Q1/23 | Q2/23 | Q3/23 | Q4/23 | Q1/24 |
| Gross profit, MEUR | 385.5 | 509.3 | 122.2 | 132.6 | 121.9 | 132.5 | 112.4 |
| Gross profit, % of sales | 19.8% | 24.8% | 25.2% | 24.0% | 24.2% | 26.0% | 25.6% |
| Profit before taxes, MEUR | 117.5 | 241.5 | 55.6 | 71.4 | 61.1 | 53.4 | 47.7 |
| Profit before taxes, % of sales | 6.0% | 11.8% | 11.5% | 12.9% | 12.1% | 10.5% | 10.9% |
| Profit for the period, MEUR | 92.6 | 193.8 | 44.9 | 55.8 | 49.7 | 43.3 | 33.4 |
| Profit for the period, % of sales | 4.8% | 9.5% | 9.3% | 10.1% | 9.9% | 8.5% | 7.6% |
| Cash flow from operations before finance items and taxes, MEUR | 178.5 | 256.8 | -2.0 | -1.5 | 131.3 | 128.9 | 101.7 |
| Return on capital employed (ROCE), last 12 months, % | 12.4% | 24.4% | 15.4% | 22.7% | 23.2% | 24.4% | 22.5% |
Attachment
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release
Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a
DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release
Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68
Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release
Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.
Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release
AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us
Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release
VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin