Welcome to the Konecranes 2018 annual report site.
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“2018 was a year of good execution, profitability and order growth.”
Konecranes posted strong earnings in 2018. We delivered EBITA margin improvement and record-breaking order growth.
I am especially pleased with our business performance given the hard work done in integrating MHPS, with 2018 arguably the most critical year in terms of delivering the benefits of the acquisition and meeting our commitment to shareholders.
Fundamental changes are taking place in material handling, and the next level of communication for machines is approaching.
We see the future of our offering in terms of its readiness for Industry 4.0 and its strong potential for integration into the wider ecosystem of our customers’ operations. As a trend, intelligence will expand to lighter devices from heavy process equipment, while we will enjoy economies of scale due to our ability to capitalize on introducing common technologies across the entire portfolio.
Business Area Port Solutions experienced moderate order intake growth in 2018 with increased activity in Europe and North America. A major highlight in 2018 was our order from Abu Dhabi Terminals for 54 Automated Rail Mounted Gantry cranes.
In 2018 the defined go-to-market strategy for Demag and other Konecranes operations was fully taken into use. The new combined supply and factory network was also built. The financial results continued to develop positively.
In 2018, Business Area Service made good on its promise to realize growth and improve profitability thanks to its ongoing digital and business transformation and synergies from the MHPS integration. There was solid progress in delivering increased operational efficiency, diligent cost control and an improved customer experience.
We believe that sustainable growth results from strong, responsible performance.
We aspire to stimulate greater change through a sustainable and innovative offering that harnesses the potential of circularity and digitalization.
We see great potential, especially in the circular economy, to design our lifting equipment for reuse and recycling, or to be replaced by services when possible. Our aim is to offer innovative, eco-efficient solutions. Working together as an industry, we can be more efficient in our use of raw materials and energy, and strengthen the entire value chain.
We want to reinforce trust and transparency by communicating about our progress and results in topics such as resource efficiency and carbon reduction, safety at all levels, and how we create value around our operations with our sustainable offering. Our principles and commitments play a key role in the management of our corporate responsibility.
