Finnish engineering group Konecranes reported a record-high quarterly profitability margin for the third quarter, driven by a significant increase in orders that pushed its order book to its highest level in over a year.
The company's comparable EBITA margin, a key measure of operational profitability, rose to 16.7% from 13.4% a year earlier, with margin growth across all its business areas, according to a company report on Thursday.
Order intake surged by 20.1% to 1.15 billion euros, while sales fell 7.6% to 988.7 million euros, which the company attributed mainly to the timing of projects in its Port Solutions business.
The company's order book grew to 3.06 billion euros at the end of September.
"The third quarter of 2025 was excellent for Konecranes," said CEO Marko Tulokas.
"Despite all the volatility and prevailing uncertainty in the operating environment, we delivered strong results once again."
Free cash flow for the quarter was a record-strong 214.2 million euros, up from 187.1 million euros in the same period last year.
Konecranes maintained its full-year financial guidance, expecting net sales to remain at a similar level to 2024 and its comparable EBITA margin to stay the same or improve.
The company said its demand environment remains good but noted continued uncertainty due to geopolitical and trade policy tensions.
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