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Annual Review 2019 Year 2019 Strategy Business Areas R&D Sustainability Konecranes As an Investment

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Annual Review 2019 Year 2019 Strategy Business Areas R&D Sustainability Konecranes As an Investment ANNUAL REVIEW 2019 YEAR 2019 STRATEGY BUSINESS AREAS R&D SUSTAINABILITY KONECRANES AS AN INVESTMENT A QUARTER-CENTURY Contents OF AMBITION AND Konecranes in brief 3 GROWTH Year 2019 in numbers 4 Highlights of 2019 6 2019 marked the 25th year of Konecranes’ operations as an independent CEO’s review 7 company. From our modest beginnings in the town of Hyvinkää in the early 1990s, Konecranes has grown to become a leading lifting equipment solution Megatrends 9 provider on a global scale. Strategy 11 The global material handling market continues to evolve rapidly, driven by increasing digitalization, the introduction of productivity-enhancing technologies Business area reviews 12 and the need for more sustainable operations, and Konecranes is well-placed to Research and technology development 19 benefit from these trends. Through intelligent design and the implementation of digital solutions that make our products smarter, we ensure our customers’ Sustainability 24 operations are safer and more efficient. Konecranes as an investment 27 The integration of MHPS, where we made good progress in 2019, means we are now stronger and better-equipped to anticipate and meet future challenges while also able to seize new business opportunities. We will do this with strong contributions from all of our three Business Areas – Port Solutions, Industrial Equipment and Service – with the latter to be our growth engine in the years to come. Add to this a new President and CEO at the helm in 2020, and it’s clear that Information about Konecranes’ Annual Report 2019 Konecranes is now ready to take the next steps in its strategy, leveraging our Konecranes’ Annual Report 2019 consists of four separate reports: Annual Review, Financial many strengths to play an even greater role in the material handling ecosystem Review, Sustainability Report and Governance document. All documents are downloadable of our customers. on our Annual Report website at https://investors.konecranes.com/ar2019. This publication is for general informational purposes only. Konecranes reserves the right at any time, without notice, to alter or discontinue the products and/or specifications referenced herein. This publication creates no warranty on the part of Konecranes, express or implied, including but not limited to any implied warranty or merchantability or fitness for a particular purpose. Annual Review 2019 2 YEAR 2019 STRATEGY BUSINESS AREAS R&D SUSTAINABILITY KONECRANES AS AN INVESTMENT INDUSTRIAL PORT SERVICE EQUIPMENT SOLUTIONS KONECRANES IN BRIEF Konecranes is a world-leading group of Lifting handling needs through one supplier. In addition to petroleum and gas, paper and forest, container Businesses™, serving a broad range of customers. We offering a wide range of lifting solutions, we provide handling, shipyards, power and metals production. are truly a global company: in 2019, we had 16,200 specialized maintenance services and spare parts for all We are a part of our customers’ processes, as they employees in 50 countries. As a leading manufacturer types and makes of industrial cranes, hoists and port do not only invest in equipment and services but look of lifting equipment, Konecranes offers a vast range equipment – from single units of equipment to entire for solutions they can rely on. We constantly strive to of advanced lifting solutions and services to different operations. improve our performance in product design, service industries worldwide. The solutions provided by our solutions, safety and sustainability to stay ahead of our three Business Areas – Service, Industrial Equipment Our customers operate in fields including the customers’ needs. and Port Solutions – complement each other and automotive sector, waste to energy and biomass, enable our customers to meet their lifting and material general manufacturing, mining, nuclear energy, Annual Review 2019 3 YEAR 2019 STRATEGY BUSINESS AREAS R&D SUSTAINABILITY KONECRANES AS AN INVESTMENT YEAR 2019 IN NUMBERS 3,167.3 3,326.9 8.3% MEUR (+2.5%) MEUR (+5.4%) Adjusted EBITA Order intake Net sales 1,824.3 2,300 52.6% MEUR (+6.3%) Number of active and Gearing Order book pending patents Annual Review 2019 4 YEAR 2019 STRATEGY BUSINESS AREAS R&D SUSTAINABILITY KONECRANES AS AN INVESTMENT PersonnelOrders by customer by region,segments, 2019 2019 Being close to our customers through a local presence 10% 4% 5% Construction and Power Transportation Equipment engineering 7% 9% Metals Production Distributors 6% Paper and Forest 25% General Manufacturing 30% Container handling 1% Chemicals 4% Mining Net sales per region, 2019 Personnel by region, 2019 Sales per region, 2019 Personnel by region, 2019 14% 17% APAC 467.0 MEUR APAC 2,751 34% 20% AME 1,145.8 MEUR AME 3,319 63% 52% EMEA 10,126 EMEA 1,714.1 MEUR Annual Review 2019 5 YEAR 2019 STRATEGY BUSINESS AREAS R&D SUSTAINABILITY KONECRANES AS AN INVESTMENT HIGHLIGHTS OF 2019 Konecranes starts its 25th year as an independent company, having grown from a Nordics-focused company of under 3,000 employees to a global leader in lifting Konecranes boosts its Service business equipment and services with a presence in in Italy by acquiring Italian Trevolution 50 countries and some 18,000 employees. Service SRL. Konecranes announces a milestone Konecranes announces the next step in contract win with the Hadarom container its development by naming Rob Smith as terminal in Israel. The order consists of its new CEO effective February 1, 2020. a complete line of automated container cranes and software intelligence, including Konecranes launches three new lifting Konecranes’ own terminal operating system products – the S-, M- and C-series cranes and Equipment Control System. and electric chain hoists. Konecranes finalizes diversity goals Konecranes signs an agreement to fully to ensure it has the most competitive acquire MHE-Demag, a leading supplier of talent pool for the future. By end-2021 industrial cranes and services in Southeast the company targets that in business Asia, from joint venture partner Jebsen & management positions no one gender Jessen. comprises more than 75% of the total, and no one nationality group can exceed 50%. Konecranes finalizes its climate change risk assessment to understand how The 2,000th Konecranes Gottwald different climate scenarios will impact Mobile Harbor Crane is delivered to the business and operations. The analysis will Ership terminal in the Mediterranean port be integrated into Konecranes’ operations of Cartagena in South-eastern Spain. and continuous sustainability work. Konecranes invented the Mobile Harbor Crane 64 years ago. Annual Review 2019 6 YEAR 2019 STRATEGY BUSINESS AREAS R&D SUSTAINABILITY KONECRANES AS AN INVESTMENT CEO’S REVIEW Dear shareholders, Belgium’s Luminus to modernize two cranes at a site in our history – highlights included an order from in Liège. Yilport Holding for 18 Automated Rubber Tired Konecranes marked its 25th year of operations with Gantry Cranes for three European container solid financial results and a large acquisition in the In Industrial Equipment, it was a year of mixed terminals, an important step forward for our Path Asia Pacific region, underscoring its readiness to performance. The launch of the S-, M- and C-series to Port Automation approach. We celebrated some embark on its next phase of growth following the successful acquisition and integration of MHPS. cranes and electric chain hoists in September was milestones, too, delivering our 2,000th Konecranes a clear highlight, refreshing and reinforcing our Gottwald Mobile Harbor Crane to the Ership terminal We had many reasons to celebrate in 2019: a industry-leading portfolio and giving a strong push in Spain and marking 25 years of Konecranes Lift healthy order book at year-end; strong profitability to our platform consolidation program. The launch Trucks, with nearly 10,000 lift trucks sold across 120 in Service; three new product launches from also showed the innovation that is at the heart of countries to date. Industrial Equipment; and a stellar showing by Konecranes: The S-series crane uses synthetic rope Port Solutions including a landmark deal in Israel to deliver greater lifting performance and longer- These achievements show the robust condition of that highlighted our strengths across software, lasting use, and we have a total of 20 patents either two of our core business cornerstones: a superior hardware and services. When you add to this other awarded or pending for the three new products. product offering and unmatched service network. achievements including the establishment of a data Deliveries of the new cranes have now started, and The third cornerstone is our digital capabilities, and science laboratory in France, it’s remarkable to see initial customer feedback has been very positive. 2019 highlights included the French data science how much we have grown since our founding in Hyvinkää, Finland in 1994. lab and the renewal of our digital strategy to better From a financial performance perspective, however, target customers and new business opportunities. Here are some further examples of this progress. Industrial Equipment struggled. This was due to We strongly believe that the rapid digitalization of factors including the streamlining of manufacturing our business keeps us ahead of our competitors Business Area and integration milestones operations in France and Germany; non-recurring and thus in excellent shape to grab the business In Service, full-year sales and profits improved, costs relating to certain process crane projects;
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