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Kalmar

38.96 EUR

+2.10 %

2,244 following

KALMAR

NASDAQ Helsinki

Transport & Logistics

Industrials

Overview

Financials & Estimates

Ownership

Investor consensus

+2.10 %

+6.56 %

+0.67 %

+23.68 %

+22.48 %

+17.12 %

-

-

+47.58 %

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.

Market cap

2.51B EUR

Turnover

2.08M EUR

P/E (adj.) (25e)

EV/EBIT (adj.) (25e)

P/B (25e)

EV/S (25e)

Dividend yield-% (25e)

Coverage

Recommendation

Accumulate

Target price

Updated

03.11.2025

Aapeli Pursimo

Analyst

Latest research

Latest analysis report

Released: 03.11.2025

Latest extensive report

Released: 02.07.2024

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar

13.2.

2026

Annual report '25

31.3.

2026

General meeting '26

5.5.

2026

Interim report Q1'26

Risk

Business risk

Valuation risk

Low

High

All

Research

Webcasts

Press releases

ShowingAll content types

Press releaseyesterday

Kalmar and Patrick Terminals enter new 10-year strategic supply agreement

Press release12/1/2025, 8:00 AM

Kalmar and Independent Rough Terrain Center partner to deliver advanced rough terrain container handling solutions

Press release11/25/2025, 8:00 AM

Kalmar to supply forklift truck fleet including next-generation lithium-ion battery solution to ArcelorMittal

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Model portfolio

Kalmar Q3’25: Record high margin

6:28

Video11/24/2025, 10:10 AM by

Aapeli Pursimo, Pia Maljanen

Kalmar Q3’25: Record high margin

Kalmar’s Q3 result slightly exceeded our estimates, driven by a record-high margin, while orders fell short of expectations due to the more cyclical nature of the equipment business.

Press release11/12/2025, 8:00 AM

Kalmar and Forth Ports continue their joint decarbonisation journey with large repeat order for hybrid straddle carriers

Press release11/10/2025, 8:00 AM

Kalmar and Dublin Ferryport Terminals solidify 25-year partnership with seven-year Kalmar Care contract extension

Press release11/10/2025, 8:00 AM

Belfast Container Terminal secures seven-year Kalmar Care contract extension to drive future growth

Press release11/7/2025, 8:00 AM

Kalmar and Transnet Port Terminals continue sustainability-focused collaboration with significant order for hybrid straddle carriers

Kalmar Q3'25: Underlying tone still positive

Research11/3/2025, 3:15 PM by

Kalmar Q3'25: Underlying tone still positive

The company's Q3 result slightly exceeded our estimates, driven by a record-high margin, while orders fell short of expectations due to the more cyclical nature of the equipment business

Kalmar Oyj, Interim report January–September 2025

Webcast10/31/2025, 8:00 AM

Kalmar Oyj, Interim report January–September 2025

Regulatory press release10/31/2025, 7:00 AM

Kalmar's interim report January–September 2025: Improved profitability in the quarter

Regulatory press release10/30/2025, 3:00 PM

Kalmar’s financial information in 2026

Kalmar Q3'25 preview: Back on board after the share price decline

Research10/28/2025, 8:41 AM by

Kalmar Q3'25 preview: Back on board after the share price decline

Kalmar will publish its Q3 results on October 31, at around 9 am EET.

Press release10/17/2025, 8:00 AM

Kalmar’s January-September 2025 interim report to be published on Friday, 31 October 2025

Press release10/8/2025, 7:00 AM

Kalmar secures significant order from Patrick Terminals for its automated straddle carrier solution

Kalmar: No material changes in the outlook

Analyst Comment10/7/2025, 6:47 AM by

Kalmar: No material changes in the outlook

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

Press release10/3/2025, 9:00 AM

Kalmar and Rotterdam Shortsea Terminals continue long-term collaboration with repeat order for hybrid straddle carriers

Press release10/2/2025, 12:10 PM

Kalmar secures comprehensive Kalmar Care service contract with Noatum Ports Malaga Terminal

Regulatory press release9/30/2025, 2:30 PM

Correction: Kalmar changes its regional reporting structure and restates geographical area information based on the new regional structure

Kalmar: Continuously developing services

Analyst Comment9/24/2025, 7:01 AM by

Kalmar: Continuously developing services

Last week we visited Kalmar's factory in Stargard, Poland. In addition to a tour of the factory, the visit included a review of Kalmar's service business development and the impact of the latest steel tariffs on the company.

Forum discussions

Inderes Kalmarin osavuosikatsaus tammi–syyskuulta 2025: Parantunut kannattavuus... KALMAR OYJ, TAMMI–SYYSKUUN 2025 OSAVUOSIKATSAUS, 31.10.2025 KLO 9.00 Kalmarin osavuosikatsaus tammi–syyskuulta 2025: Parantunut kannattavuus vuosineljänneksellä Ennätyskorkea vertailukelpoinen... Kalmar...

10/31/2025, 7:08 AM

by Montau

20

KALMAR CORPORATION, PRESS RELEASE, December 3, 2025 at 11:00 AM Kalmar and Patrick Terminals Sign New 10-Year Strategic Supply Agreement Kalmar has signed a new 10-year strategic supply agreement with Patrick Terminals. The supply agreement strengthens a partnership spanning over...

yesterday

by Index

13

https://www.inderes.fi/research/kalmar-q325-myonteinen-pohjavire-ennallaan We reiterate our Add recommendation for Kalmar and our target price of 39 euros. The company’s Q3 result slightly exceeded our forecasts, with record-level margins supporting the development, while orders ...

11/3/2025, 7:00 AM

by Montau

12

Latest announcement from Kalmar: https://www.inderes.fi/releases/kalmar-ja-transnet-port-terminals-jatkavat-kestavaan-kehitykseen-keskittyvaa-y

11/7/2025, 8:25 AM

by HH82

11

Nordea published its updated Kalmar analysis after the Q3 results. The target price rises to 44.00 euros (previous: 42.00 €), the recommendation remains at BUY.

11/5/2025, 7:53 AM

by KuHa

10

Nordea published its updated Kalmar analysis. The recommendation remains at BUY, with the target price adjusted to EUR 42.00 (previous: EUR 47.00).

10/23/2025, 9:38 AM

by KuHa

10

Kalmar and Forth Ports Continue Their Cooperation with a Large Follow-up Order for Hybrid Straddle Carriers Kalmar has received a follow-up order for three Kalmar hybrid straddle carriers from Forth Ports Group. The equipment will be deployed at Forth Ports Grangemouth. The large...

11/12/2025, 8:08 AM

by Index

9

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