Slides
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© 2026 Strong deliveries in the third quarter Marko Tulokas, President & CEO Teo Ottola, CFO October 23, 2026
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PUBLIC 2 Important notice The following applies to this presentation, the oral presentation of the information in this presentation by Konecranes Oyj (the “Company” or “Konecranes”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (collectively, the “Information”). In accessing the Information, you agree to be bound by the following terms and conditions. This presentation does not constitute an offer of or an invitation by or on behalf of, Konecranes, or any other person, to purchase any securities. The Information is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident of, or located in, any locality, state, country or other jurisdiction where such distribution or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. The Information contains forward-looking statements. All statements other than statements of historical fact included in the Information are forward- looking statements. Forward-looking statements give the Company’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the Company’s actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which it will operate in the future. The Information, including but not limited to forward-looking statements, applies only as of the date of this document and is not intended to give any assurances as to future results. Market data used in the Information not attributed to a specific source are estimates of the Company and have not been independently verified.
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PUBLIC 3 Presenters and agenda Questions & Answers Marko Tulokas President & CEO Teo Ottola CFO
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Key points of the quarter • Updated ambition and strategy announced in September • Updated financial targets, dividend policy and capital allocation framework • New long-term climate ambition set • Order intake was impacted by characteristic quarterly volatility in Port Solutions • Good demand environment within ports business and general manufacturing, power and mining segments • Deliveries and result were strong
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PUBLIC Strong deliveries and high profitability 5 Comparable EBITA 15.6% margin -1.1pp Net sales 1,101 EUR million +10.3%* Order intake 1,011 EUR million -12.7%* Order book 3,302 EUR million +6.9%* *Year on year change on a comparable currency basis Strong deliveries in Q3 • Orders -12.7% Y/Y (comp. FX) • Net sales EUR 1,101 million, +10.3% Y/Y (comp. FX) Order book improved year-on-year Excellent comparable EBITA margin at 15.6% • Profitability improved in Industrial Service and Port Solutions, but decreased in Industrial Equipment • The decrease in margin was mainly driven by higher positive one-offs in the comparison period
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PUBLIC Order intake, EUR million Net sales, EUR million 6 Sales increased year-on-year and sequentially Book to bill Order intake -12.0% Y/Y reported -12.7% Y/Y comp. FX • Increase in Industrial Service and Industrial Equipment but decrease in Port Solutions • Increase in EMEA but decrease in the Americas and APAC Net sales +11.4% Y/Y reported +10.3% Y/Y comp. FX • Increase in Industrial Service and Port Solutions, stable in Industrial Equipment • Increase in all regions 956 1,149 1,011 0 500 1,000 1,500 Q3/24 Q3/25 Q3/26 1,070 989 1,101 0 500 1,000 1,500 Q3/24 Q3/25 Q3/26 0.9 1.0 1.1 1.0 1.2 0.9 1.2 1.2 0.9 0.0 0.5 1.0 1.5 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26
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PUBLIC 7 Konecranes’ updated financial targets reflect increased ambition Net sales, EUR million Y/Y 11.5% Y/Y 10.9% Y/Y 5.7% Y/Y -0.8% Y/Y -0.6% 2022 2023 2024 2025 Q3/26 R12M Industrial Service Target: CAGR 7% Y/Y 10.7% Y/Y 4.2% Y/Y 2.7% Y/Y -1.1% Y/Y 0.9% 2022 2023 2024 2025 Q3/26 R12M Industrial Equipment Target: CAGR 6% Y/Y -5.4% Y/Y 35.0% Y/Y 11.0% Y/Y 0.1% Y/Y -0.4% 2022 2023 2024 2025 Q3/26 R12M Port Solutions Target: CAGR 7% Y/Y 5.6% Y/Y 17.9% Y/Y 6.6% Y/Y -0.9% Y/Y 0.1% 2022 2023 2024 2025 Q3/26 R12M Konecranes Target: CAGR 7%
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PUBLIC 8 Konecranes’ updated financial targets reflect increased ambition Note (1): For the year 2030 18.6 19.9 21.0 21.8 21.8 2022 2023 2024 2025 Q3/26 R12M Industrial Service Target: 23-25%(1) 2.7 7.0 9.0 9.4 8.7 2022 2023 2024 2025 Q3/26 R12M Industrial Equipment Target: 10-12%(1) 6.3 7.5 9.3 10.5 10.5 2022 2023 2024 2025 Q3/26 R12M Port Solutions Target: 9-12%(1) 9.5 11.4 13.1 14.0 13.6 2022 2023 2024 2025 Q3/26 R12M Konecranes Target: 15-17%(1) Comparable EBITA margin, % Target range
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High profitability in the third quarter Teo Ottola, CFO
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PUBLIC 10 Profitability on a high level in the third quarter Comparable EBITA, EUR million Comparable EBITA margin • Profitability improved in Industrial Service and Port Solutions, but decreased in Industrial Equipment • The third quarter was impacted positively by US tariff refunds in the amount of roughly EUR 8 million, but overall impact of one-offs was smaller than in the comparison period. Comparable EBITA marginComparable EBITA Comparable EBITA, EUR million and % 143 165 172 13.4% 16.7% 15.6% 0 100 200 300 Q3/24 Q3/25 Q3/26 165 41 -30 -5 1 172 0 50 100 150 200 250 Comparable EBITA Q3 2025 Volume, pricing & mix Variable costs Fixed costs FX translation impact Comparable EBITA Q3 2026
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PUBLIC 11 Industrial Service – Orders and sales increased in field service and parts • Increase in parts and field service • Increase in all regions Net sales Comparable EBITA margin • Increase was mainly due to good execution and positive pricing Order intake +2.6% Y/Y reported +1.2% Y/Y comp. FX +4.0% Y/Y reported +2.4% Y/Y comp. FX • Increase in parts and field service • Increase in EMEA and APAC, stable in the Americas • Agreement base: EUR 351.7 million , +3.0% Y/Y comp. FX • Order book: EUR 468.8 million , +8.5% Y/Y 23.7% +1.0pp Y/Y change Order intake and net sales, EUR million Net salesOrder intake Comparable EBITA, EUR million and % EBITA-% R12M EBITA-%EBITA 372 390 400392 383 398 0 200 400 600 Q3/24 Q3/25 Q3/26 85 87 94 21.6% 22.7% 23.7% 21.0% 21.5% 21.8% 0 40 80 120 160 200 Q3/24 Q3/25 Q3/26
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PUBLIC 12 Industrial Equipment – Orders increased in standard cranes and components • External sales -1.6% Y/Y comp. FX • Increase in components and process cranes but decrease in standard cranes • Increase APAC but decrease in the Americas and EMEA Net sales Comparable EBITA margin • Decrease mainly due to lower volumes as well as higher positive impact of one-offs in the comparison period Order intake +4.6% Y/Y reported +3.6% Y/Y comp. FX +0.2% Y/Y reported -0.9% Y/Y comp. FX • External orders +3.0% Y/Y comp. FX • Increase in standard cranes and components but decrease in process cranes • Increase in the Americas and EMEA but decrease in APAC • Order book: EUR 1,125.5 million, +21.0% Y/Y 10.9% -3.2pp Y/Y change Order intake and net sales, EUR million Net salesOrder intake Comparable EBITA, EUR million and % EBITA-% R12M EBITA-%EBITA 289 349 365317 324 325 0 200 400 600 Q3/24 Q3/25 Q3/26 31 46 36 9.8% 14.1% 10.9% 8.3% 8.8% 8.7% 0 40 80 120 160 Q3/24 Q3/25 Q3/26
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PUBLIC 13 Port Solutions – solid delivery performance and high profitability Order book: • EUR 1,708.0 million, +0.8% Y/Y Net sales Comparable EBITA margin • Increase was mainly driven by higher volumes Order intake -36.6% Y/Y reported -36.7% Y/Y comp. FX +28.8% Y/Y reported +28.3% Y/Y comp. FX • Increase EMEA but decrease in the Americas and APAC • Customer activity was good in Mobile Harbor Cranes and Lift Trucks 12.0% +0.2pp Y/Y change Order intake and net sales, EUR million Net salesOrder intake Comparable EBITA, EUR million and % EBITA-% R12M EBITA-%EBITA 334 453 288 401 326 420 0 200 400 600 Q3/24 Q3/25 Q3/26 39 38 50 9.6% 11.8% 12.0% 8.8% 10.6% 10.5% 0 40 80 120 160 Q3/24 Q3/25 Q3/26
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PUBLIC 424 561 298 187 214 146 -100 0 100 200 300 400 500 600 Q3/24 Q3/25 Q3/26 R12M FCF FCF 14 Increase in net working capital driven by higher inventories and contract assets NWC/R12M net sales target: <10% Free cash flow, EUR millionNet working capital, EUR million and % of R12M sales 400 285 436 9.6% 6.7% 10.4% 0 250 500 750 1000 Q3/24 Q3/25 Q3/26 NWC % of R12M net sales Target, %
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Outlook for 2026 Marko Tulokas, President & CEO
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PUBLIC 16 Demand outlook Within the industrial customers segment, we expect our demand environment to remain on a healthy level. For our port customers, container throughput continues to be on a high level, and the long-term prospects for container handling remain good. However, uncertainty related to geopolitics and trade policy tensions remains high.
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17 Net sales expected to remain approximately on the same level or to increase in 2026 compared to 2025. Comparable EBITA margin expected to remain approximately on the same level in 2026 compared to 2025. Financial guidance
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Q&A
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@ 2023 Konecranes. All rights reserved. 'Konecranes', 'Moves what matters' and are either registered trademarks or trademarks of Konecranes Global Corporation. 19 Appendix
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75.9 50 55 60 65 70 75 80 85 90 Sep-16 Sep-18 Sep-20 Sep-22 Sep-24 Sep-26 77.9 50 55 60 65 70 75 80 85 90 Sep-16 Sep-18 Sep-20 Sep-22 Sep-24 Sep-26 20Source: Eurostat, Federal Reserve Economic Data Industrial Service and Industrial Equipment: Capacity utilization level in the EU and US broadly stable EU capacity utilization rate, % US manufacturing capacity utilization rate, % +0.0pp Y/Y +0.2pp Y/Y
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21 Industrial Service and Industrial Equipment: Manufacturing demand for industrial goods remains on a healthy level Source: S&P Global Manufacturing PMIs 52.9 52.1 55.9 55.1 25 30 35 40 45 50 55 60 65 70 75 Sep-19 Sep-20 Sep-21 Sep-22 Sep-23 Sep-24 Sep-25 Sep-26 Eurozone USA India China
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141.9 0 20 40 60 80 100 120 140 160 8/16 8/18 8/20 8/22 8/24 8/26 22 Port Solutions: Container throughput index continues at a high level Source: RWI/ISL: Monthly container throughput index +1% Y/Y RWI/ISL Container Throughput Index, (2015 = 100) Monthly index change Y/Y, % -20 -15 -10 -5 0 5 10 15 20 8/16 8/18 8/20 8/22 8/24 8/26
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PUBLIC 23 Order book increased in Industrial Service and Industrial Equipment Order book, EUR million Order book +8.0% Y/Y reported +6.9% Y/Y comp. FX • EUR 3,302 million • Increase in Industrial Service and Industrial Equipment, stable in Port Solutions 2,847 3,057 3,302 0 1,000 2,000 3,000 4,000 Q3/24 Q3/25 Q3/26 Industrial Service Industrial Equipment Port Solutions
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PUBLIC 24 Balance sheet remains strong Net debt, EUR million Gearing, % Earnings per share (basic), EUR R12M Comparable return on capital employed, % 0.43 0.44 0.50 1.50 1.62 1.68 0.0 0.5 1.0 1.5 2.0 Q3/24 Q3/25 Q3/26 EPS, basic R12M EPS, basic 267 -31 -108 15.4% -1.6% -5.0% -300 -200 -100 0 100 200 300 Q3/24 Q3/25 Q3/26 Net debt Gearing-% 20.4% 21.7% 21.8% 0% 10% 20% 30% Q3/24 Q3/25 Q3/26
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PUBLIC 51% EMEA 2,143 MEUR 37% AME 1,564 MEUR 12% APAC 484 MEUR 42% Total service 1,849 MEUR 57% Total equipment 2,508 MEUR 36% Industrial Service 1,554 MEUR 30% Industrial Equipment 1,287 MEUR 35% Port Solutions 1,517 MEUR 25 Group R12M sales split Note (1): Total service includes Industrial Service and Port Solutions’ service sales, Total equipment includes Industrial Equipment and Port Solutions excluding Port Solutions’ service sales % of R12M sales Group R12M sales by regionGroup R12M sales by Business Area Group R12M sales by offering type (1) % of R12M sales % of R12M sales
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PUBLIC 26 Industrial Service agreement base and order book by Business Area Industrial Service agr. base & order book, MEUR Port Solutions order book, MEURIndustrial Equipment order book, MEUR 444 432 469 329 335 352 0 500 1,000 1,500 2,000 Q3/24 Q3/25 Q3/26 Order book Agreement base 867 930 1,126 0 500 1,000 1,500 2,000 Q3/24 Q3/25 Q3/26 1,537 1,695 1,708 0 500 1,000 1,500 2,000 Q3/24 Q3/25 Q3/26
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PUBLIC 27 Group Circular Services 40% Share of 2026 YTD Group net sales BA Industrial Equipment Fully electrified equipment 100% Share of 2026 YTD BA’s net sales BA Port Solutions Fully electrified and hybrid equipment 68% Share of 2026 YTD Equipment net sales We create value for our broad customer base through circular services, and electrified and hybrid equipment offering
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PUBLIC 28 Group key figures EUR million (unless otherwise stated) 7-9/2026 7-9/2025 Change % 1-9/2026 1-9/2025 Change % R12M 1-12/2025 Order intake 1,011.3 1,148.6 -12.0 3,318.2 3,307.6 0.3 4,400.0 4,389.3 Order book at end of period 3,302.3 3,057.4 8.0 2,988.4 Net sales total 1,101.5 988.7 11.4 3,028.8 3,024.8 0.1 4,191.9 4,187.8 Comparable EBITDA 198.0 189.6 4.4 485.8 500.9 -3.0 675.2 690.3 Comparable EBITA 172.2 164.9 4.4 407.4 424.2 -4.0 571.3 588.1 Comparable EBITA margin, % 15.6% 16.7% 13.4% 14.0% 13.6% 14.0% Comparable operating profit 163.5 156.2 4.7 381.4 398.1 -4.2 536.7 553.4 Comparable operating margin, % 14.8% 15.8% 12.6% 13.2% 12.8% 13.2% Operating profit 162.7 153.6 5.9 377.9 390.4 -3.2 529.8 542.4 Operating margin, % 14.8% 15.5% 12.5% 12.9% 12.6% 13.0% Profit before taxes 156.6 137.5 13.9 364.2 367.8 -1.0 512.9 516.5 Net profit for the period 119.0 103.8 14.6 276.8 277.7 -0.3 398.9 399.8 Free cash flow 145.8 214.2 160.2 391.4 298.5 529.6 Earnings per share, basic, EUR 0.50 0.44 14.6 1.16 1.17 -0.3 1.68 1.68 Net debt -107.6 -31.3 -163.5 Gearing, % -5.0% -1.6% -7.8% Net debt / Comparable EBITDA, R12M -0.2 0.0 -0.2 Return on capital employed, %, R12M 20.4% 20.7% Comparable return on capital employed, %, R12M 21.8% 22.1% Average number of personnel during the period 16,430 16,650 -1.3 16,614 Note: Konecranes Plc‘s Annual General Meeting on March 26, 2026, decided on a share issue without payment (share split) in which two (2) new shares were issued for each existing share. The share-specific indicators have been calculated using the post-share split number of shares. Share-specific indicators for the comparison periods have been adjusted to correspond to the post-share split number of shares.
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PUBLIC 29 Key figures by Business Areas Industrial Service 7-9/2026 7-9/2025 Change % Change % Comp. FX 1-9/2026 1-9/2025 Change % Change % Comp. FX 1-12/2025 Order intake 400.4 390.3 2.6 1.2 1,192.1 1,180.0 1.0 2.4 1,561.1 Agreement base value 351.7 334.6 5.1 3.0 351.7 334.6 5.1 3.0 339.3 Net sales 398.4 383.1 4.0 2.4 1,140.5 1,149.5 -0.8 0.5 1,562.8 Comparable EBITA 94.3 87.0 8.4 248.6 250.7 -0.8 341.5 Comparable EBITA margin, % 23.7% 22.7% 21.8% 21.8% 21.8% Industrial Equipment 7-9/2026 7-9/2025 Change % Change % Comp. FX 1-9/2026 1-9/2025 Change % Change % Comp. FX 1-12/2025 Order intake 364.7 348.6 4.6 3.6 1,119.4 1,024.5 9.3 10.8 1,367.6 of which external 338.4 325.1 4.1 3.0 1,047.2 952.2 10.0 11.6 1,266.5 Net sales 325.1 324.4 0.2 -0.9 929.2 917.5 1.3 2.5 1,275.3 of which external 301.6 303.1 -0.5 -1.6 865.3 856.6 1.0 2.3 1,193.2 Comparable EBITA 35.5 45.6 -22.2 69.8 78.1 -10.6 120.0 Comparable EBITA margin, % 10.9% 14.1% 7.5% 8.5% 9.4% Port Solutions 7-9/2026 7-9/2025 Change % Change % Comp. FX 1-9/2026 1-9/2025 Change % Change % Comp. FX 1-12/2025 Order intake 287.5 453.2 -36.6 -36.7 1,126.5 1,231.8 -8.6 -8.6 1,637.8 Net sales 419.7 325.9 28.8 28.3 1,077.8 1,084.6 -0.6 -0.7 1,523.4 of which service 80.0 75.7 5.8 4.7 217.1 226.5 -4.1 -3.5 304.6 Comparable EBITA 50.5 38.5 31.2 118.7 119.2 -0.4 159.6 Comparable EBITA margin, % 12.0% 11.8% 11.0% 11.0% 10.5%
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PUBLIC 30 Statement of income EUR million 7-9/2026 7-9/2025 Change % 1-9/2026 1-9/2025 Change % 1-12/2025 Net sales 1,101.5 988.7 11.4 3,028.8 3,024.8 0.1 4,187.8 Other operating income 0.7 2.2 4.2 6.8 9.0 Materials, supplies and subcontracting -481.5 -396.6 -1,237.1 -1,250.5 -1,795.1 Personnel cost -312.9 -302.1 -971.1 -952.1 -1,270.7 Depreciation and impairments -34.5 -33.4 -104.4 -102.4 -136.4 Other operating expenses -110.5 -105.2 -342.5 -336.0 -452.2 Operating profit 162.7 153.6 5.9 377.9 390.4 -3.2 542.4 Share of associates' and joint ventures' result -2.8 0.1 -3.1 0.7 0.9 Financial income 2.7 2.5 18.9 35.4 37.0 Financial expenses -6.1 -18.7 -29.6 -58.8 -63.7 Profit before taxes 156.6 137.5 13.9 364.2 367.8 -1.0 516.5 Taxes -37.6 -33.7 -87.4 -90.1 -116.8 Profit for the period 119.0 103.8 14.6 276.8 277.7 -0.3 399.8
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PUBLIC 31 Balance sheet EUR million 30.9.2026 30.9.2025 Total Equity 2,153.4 1,951.7 Non-current liabilities 487.2 969.6 Interest-bearing liabilities 118.1 565.5 Other long-term liabilities 210.6 226.5 Other 158.5 177.6 Current liabilities 1,999.8 1,828.6 Interest-bearing liabilities 280.6 165.5 Advance payments received 696.9 677.0 Accounts payable 377.7 326.2 Provisions 101.9 95.0 Other current liabilities 542.6 564.9 Liabilities directly attributable to assets held for sale 0.0 0.0 Total Equity and Liabilities 4,640.4 4,749.9 EUR million 30.9.2026 30.9.2025 Non-current assets 1,950.9 2,003.5 Goodwill 1,044.3 1,041.0 Intangible assets 390.7 426.0 Property, plant and equipment 424.2 414.5 Other 91.7 122.0 Current assets 2,689.5 2,746.4 Inventories 1,076.1 1,009.4 Accounts receivable 585.9 544.8 Receivables and other current assets 522.3 435.7 Cash and cash equivalents 505.2 756.5 Assets held for sale 0.0 0.0 Total Assets 4,640.4 4,749.9
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PUBLIC 32 Cash flow statement EUR million 1-9/2026 1-9/2025 1-12/2025 Operating income before change in net working capital 438.3 476.3 663.5 Change in net working capital -148.5 49.1 50.1 Net cash flows from operating activities before financing items and taxes 289.8 525.4 713.6 Financing items and taxes -96.0 -95.4 -144.0 Net cash flows from operating activities 193.8 430.0 569.5 Net cash flows from investing activities -35.3 -44.7 -41.3 Net cash flows before financing activities 158.5 385.3 528.2 Net cash flows from financing activities -287.6 -324.2 -591.9 Translation differences in cash 2.4 -14.6 -14.3 Change of cash and cash equivalents -126.7 46.5 -78.0 Free cash flow 160.2 391.4 529.6 Note: Change in loans receivable has been moved from cash flows from financing activities to cash flows from investing activities in 1-9/2026. Figures for the comparison periods have been adjusted correspondingly.
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@ 2023 Konecranes. All rights reserved. 'Konecranes', 'Moves what matters' and are either registered trademarks or trademarks of Konecranes Global Corporation. Thank you Contact information Ruusa Vallin Interim Head of Investor Relations Email: ruusa1.vallin@konecranes.com, tel: +358 (0) 20 427 2050