Kalmar Oyj - Other information disclosed according to the rules of the Exchange

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Kalmar publishes comparison figures for reporting segments and certain other unpublished Group’s key figures from years 2022 and 2023 as well as Q1-Q4/2023 and Q1/2024.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

• release-data-attachment-en

Attachments:

release-data-attachment-en.xlsx