contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
      id
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    pageUrl
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analytiker

Erkki Vesola

Kalmar operates in freight handling for ports, terminals, distribution centers and heavy industry. The company develops various solutions, and provides, among other things, border tractors, terminal tractors, reach stackers, empty container handlers and forklifts. Kalmar is a spin-off of the Cargotec group. The company has its headquarters in Helsinki.

Kalmar

Kalmar's Q3 figures were in line with or better than our expectations across the board. In particular, margins were strong and the profitability guidance for 2024 was raised. An initial positive share price reaction to the report is justified. 

Translation: Original published in Finnish on 11/1/2024 at 9:50 am EET
<img src="https://content.inderes.se/assets/a6957f38-9265-49a2-af1d-bce8862a4aea?width=1504&amp;height=514" alt="Kalmar01124">Kalmar&apos;s Q3 figures were in line with or better than our expectations across the board. In particular, margins were strong and the profitability guidance for 2024 was raised. An initial positive share price reaction to the report is justified. 
<h2 class="MsoNormal">Overall good Q3 figures</h2>
Kalmar&apos;s Q3 orders (416 MEUR; +6% y/y) were in line with our forecast (414 MEUR) and clearly better than the consensus (384 MEUR; -2% y/y). Growth was steady in both equipment (+7% y/y) and services (+5% y/y). Services accounted for 32% of orders. The Group&#x2019;s Q3 revenue was in line with our forecast and slightly above the consensus. Adjusted Q3 profitability (margin 13.5%) was well above the forecasts and a positive surprise. There were no major deviations from expectations in items affecting comparability or financial items, and the adjusted EPS ended up nicely above the forecasts. 
<h2 class="MsoNormal">2024 guidance raised</h2>
Kalmar raised its 2024 guidance and now expects its comparable EBIT margin for the full year 2024 to be &gt;12% (cf. &gt;11%). In forecasts preceding this report, our expectation for the full-year adjusted EBIT margin was 11.7% and the consensus was 12.3%.&#xa0; In its market comments, Kalmar stated that &apos;overall demand has remained stable despite some prolonged softness in the North American market&apos; and that &apos;our sales pipeline remains healthy, and while quarterly order intake can fluctuate depending on the timing of customer decision making, we are confident in our ability to meet our long-term goals&apos;. 
<h2 class="MsoNormal">Positive first reaction expected</h2>
With figures that exceed the consensus and especially strong profitability, as well as the raised 2024 guidance, a positive share price reaction is justified.&#xa0;&#xa0;&#xa0;

	2023	24e	25e
Omsætning	2.049,6	1.684,9	1.720,7
vækst-%	5,5 %	-17,8 %	2,1 %
EBIT (adj.)	254,7	197,4	205,9
EBIT-% (adj.)	12,4 %	11,7 %	12,0 %
EPS (adj.)	3,17	2,31	2,31
Udbytte	0,00	1,00	1,20
Udbytte %		2,4 %	2,9 %
P/E (adj.)	16,6	17,8	17,8
EV/EBITDA	11,1	12,5	10,5

Kalmar Q3'24 flash comment: Looking good

Overall good Q3 figures

2024 guidance raised

Positive first reaction expected

Kalmar

Key Estimate Figures08.08.2024

Privatlivspræferencer