Kalmar has posted improved profitability for the third quarter of 2025, supported by its services business and continued efficiency gains. The company recorded a record-high comparable operating profit margin of 13.8%, reflecting strong execution despite a softening global market and uncertainty tied to tariffs and trade policy.
Q3 2025 Performance
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Orders received: EUR 375 million (-10% YoY)
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Sales: EUR 436 million (+3% YoY)
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Comparable operating profit: EUR 60 million (+4% YoY)
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Operating margin: 13.8%
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Profit for the period: EUR 45 million
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Eco portfolio accounted for 46% of sales, growing 17% YoY
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Net debt to EBITDA: 0.3x
Kalmar said strong demand for services helped offset softer equipment orders, which were affected by delayed investment decisions in parts of the Americas and timing of larger contracts in Europe. Market activity in AMEA remained stable.
January–September 2025 Summary
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Orders received: EUR 1.31 billion (+9% YoY)
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Sales: EUR 1.25 billion (-2% YoY)
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Comparable operating profit: EUR 163 million
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Profit for the period: EUR 118 million
The company highlighted efficiency gains of approximately EUR 24 million this year and continued progress in electrification and automation, including the start of construction on a new test center in Sweden and the launch of its Move2Green program.
Kalmar reaffirmed its 2025 guidance, expecting a comparable operating profit margin above 12% for the full year.
