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Kalmar

36.94 EUR+0.76 %16.10, 17.29
2,578 following

KALMAR

NASDAQ Helsinki

Transport & Logistics

Industrials

Overview
Financials & Estimates
Dividend
Short Selling
Investor views
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+0.76 %
-4.89 %
-2.89 %
-23.23 %
-8.88 %
+6.82 %
-
-
+39.92 %

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.

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Market cap
2.38B EUR
Turnover
1.65M EUR
P/E (adj.) (26e)
13.5
EV/EBIT (adj.) (26e)
9.77
P/B (26e)
2.88
EV/S (26e)
1.25
Dividend yield-% (26e)
3.24 %
Coverage
Recommendation
Accumulate
Target price
46.00 EUR
Updated
23.07.2026
Disclaimer
Aapeli Pursimo
Aapeli Pursimo

Analyst

Latest research

Latest analysis report

Released: 23.07.2026

Latest extensive report

Released: 30.01.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
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Forum discussions
I wrote an article about Kalmar for SalkunRakentaja. Shares of global market leader Kalmar slide into the bargain bin With strong return on capital, Kalmar’s valuation is attractive, trading at an EV/EBIT multiple below ten. Growing the equipment business organically Accelerating...
10/14/2026, 8:17 AM
by Tomi Lindell
33
Picked from Kauppalehti: “Nordea raises Kalmar’s target price to EUR 48.00 (previously 47.00) and reiterates Buy.”
10/7/2026, 6:29 AM
by Montau
11
Here are Aapeli’s comments following Kalmar’s pre-silent period analyst and investor call. The company commented that the market environment has remained similar compared to the outlook provided in connection with the Q2 results. Slight changes were seen in various market forecasts...
10/6/2026, 5:17 AM
by Sijoittaja-alokas
10
Danske changed its recommendation (sell) and apparently the share price is reacting to this today. Does anyone have any information on what was behind Danske’s recommendation change? From open sources, only the recommendation and target price could be found.
9/29/2026, 10:56 AM
by samamies
9
I also couldn’t find any grounds for the change in recommendation or target price. It would be nice to know how much they changed their revenue and earnings forecasts, since the change should presumably (?) be based on these forecasts in some way. Nor did I find any negative news...
9/29/2026, 7:03 PM
by Analyst
8
There was a paywalled article in Aamulehti a week ago about change negotiations. I don’t have a subscription, but you can see the details below even without one. Aamulehti – 1 Oct 26 Tampereen Ruskossakin toimiva jättiyhtiö aloitti muutosneuvottelut – koskevat... Lastinkäsittely-...
10/8/2026, 6:53 AM
by Gwertheney
6
SEB also lowered its target price to 41 euros today. It would be nice to know what these target price cuts are based on? However, in today’s update, Aapeli mentioned that the market environment has remained stable following Q2. Perhaps the prolonged crisis in the Middle East is affecting...
10/6/2026, 2:04 PM
by Arvoansa1
5
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
29.10
2026

Interim report Q3'26

Press release15.10.2026, 12.00

Kalmar’s Interim Report for January–September 2026 to be published on Thursday, 29 October 2026

Kalmar
Press release07.10.2026, 17.30

Kalmar and Port of Halmstad continue partnership with the signing of a Kalmar Complete Care service contract

Kalmar
Press release06.10.2026, 15.00

Kalmar announces proactive safety update for Ottawa T2 terminal tractors

Kalmar

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Kalmar: Market outlook broadly unchanged, as expected
Analyst Comment06.10.2026, 11.10 by
Aapeli Pursimo

Kalmar: Market outlook broadly unchanged, as expected

On Monday, Kalmar held an analyst and investor call ahead of the Q3 silent period.

Kalmar
Press release02.10.2026, 08.00

Kalmar receives order for first two electric reachstackers from Port of Helsingborg under frame agreement signed in Q2

Kalmar
Press release30.09.2026, 08.15

Kalmar wins preventive and corrective maintenance contract for STS and ASC cranes at TTI Algeciras

Kalmar
Press release16.09.2026, 08.03

Kalmar and ICTSI continue collaboration with hybrid straddle carrier order for new South Luzon Container Terminal

Kalmar
Analyst Comment14.09.2026, 06.51

Børsaktionærens uge | Industri & Ingeniørvirksomheder 11.9.2026

Præsentationerne fra Børsinvestoruquens traditonsrige Industri & Ingeniørvirksomheder-dag kan ses på inderesTV.

FortumEnersense InternationalMetsä BoardEndomines FinlandOutokumpuKalmarKoneMetso
Kalmar plans to simplify its operating model
Analyst Comment04.09.2026, 09.00 by
Aapeli Pursimo

Kalmar plans to simplify its operating model

The measures aim to achieve annual cost savings of around 10 MEUR

Kalmar
Regulatory press release03.09.2026, 16.00

Inside information: Kalmar plans to simplify its operating model to accelerate growth, enhance customer focus, and optimize operational efficiency

Kalmar
Press release03.09.2026, 15.00

Kalmar opens industry-first automated Test Centre in Ljungby, Sweden

Kalmar
Regulatory press release31.07.2026, 09.00

Changes in the Kalmar Leadership Team: Alf-Gunnar Karlgren, President, Counterbalanced division to leave Kalmar

Kalmar
Press release30.07.2026, 09.00

Kalmar and APM Terminals announce strategic partnership to advance development of terminal technology

Kalmar
Press release29.07.2026, 14.00

Kalmar and Portonave to enhance cargo-handling sustainability in Brazil with large order for electric reachstackers

Kalmar
Kalmar Q2'26: Stable performance with attractive valuation
Research23.07.2026, 08.15 by
Aapeli Pursimo

Kalmar Q2'26: Stable performance with attractive valuation

Kalmar's Q2 figures turned out to be slightly positive overall compared to our expectations.

Kalmar
Kalmar’s half-year financial report January–June 2026
Webcast22.07.2026, 14.00

Kalmar’s half-year financial report January–June 2026

Kalmar
Press release22.07.2026, 13.00

Kalmar to supply Contargo Group with its first fully electric reachstacker together with extensive services

Kalmar
Press release22.07.2026, 12.55

Kalmar and Holmen continue successful partnership with the extension of a Kalmar Complete Care service agreement

Kalmar
Press release22.07.2026, 12.50

Kalmar and Arnal France expand partnership with new order for electric empty container handlers

Kalmar
Press release22.07.2026, 12.45

Kalmar supports Patrick Terminals’ decarbonisation progress with major order for hybrid and automated straddle carriers

Kalmar