Konecranes Plc (KNCRF) Q4 2024 Earnings Call Transcript

Konecranes Plc (OTCPK:KNCRF) Q4 2024 Results Conference Call February 7, 2025 4:30 AM ET

Company Participants

Kiira Froberg - Head, Investor Relations
Anders Svensson - Chief Executive Officer
Teo Ottola - Chief Financial Officer

Conference Call Participants

Ilaria Buricelli - Goldman Sachs
Antti Kansanen - SEB
Mikael Doepel - Nordea
Panu Laitinmaki - Danske Bank
Johan Eliason - Kepler Cheuvreux
Tom Skogman - Carnegie
Erkki Vesola - Inderes

Kiira Froberg

Good morning, everyone, and welcome to Konecranes earnings conference. We reported our Q4 earnings and 2024 financial statement release today. My name is Kiira Froberg, and I'm the Head of Investor Relations at Konecranes. And here with me, I have our usual people, President and CEO, Anders Svensson; and CFO, Teo Ottola.

Before we start, just a kind reminder, please remember that the presentation includes forward-looking statements. Anders will start and talk about the group level figures. And after that, Teo will focus more on the business segment level numbers. And the presentation is followed by Q&A. [Operator Instructions].

Thanks a lot. Anders, it's your turn now.

Anders Svensson

Thank you, Kiira, and a warm welcome also from my side. So the headline of this quarter is a strong end to an excellent year. And our demand held up really well also in the last quarter of the year. It's actually the second highest order intake for a quarter ever, almost at EUR 1.2 billion and we ended at 26% up from the previous year. Our sales execution was also strong in the quarter, and we delivered the highest sales in the single quarter ever above EUR 1.2 billion. And with that strong sales execution, we managed to deliver a new all-time high for a fourth quarter comparable EBITA margin of 13.2%. Free cash flow was really strong and even excellent in the quarter at EUR 170 million. And the 2024 dividend proposal