Finnish engineering group Kalmar has indicated that demand remains stable despite the ongoing conflict in the Middle East. The company shared these insights during an investor meeting, according to research firm Inderes.
"The company noted that the demand environment has thus far remained unchanged relative to the outlook provided in the Q4 report, notwithstanding the instability caused by the situation in the Middle East. Various market estimates have also remained largely steady. However, according to the company, should the situation persist, cost inflation could negatively impact the global economy and customer activity," Inderes wrote, reiterating its "Add" recommendation for the engineering firm.
Kalmar is scheduled to publish its Q1 report on May 5.
Kalmar Oyj is a Finland-based cargo and logistics company. The Company's business is sustainable material handling equipment and services. Kalmar operates globally in over 120 countries and having factories located in Poland, China, Malaysia and the United Stated and Innovation Centres in Tampere, Finland and Ljungby, Sweden. The Company provides and operates forklift trucks, masted container handlers, reachstackers, straddle carriers, terminal tractors and HVO, renewable diesel fuel. The Company's also provides automation and robotic services, such as Kalmar One Automation System, which streamlines and automates scalable automation systems for ports and terminals, automated straddle carriers and stacking crane applications amongst many other
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