Cash flow Kalmar Oyj

Equities

KALMAR

FI4000571054

Heavy Machinery & Vehicles

Market Closed - Nasdaq Helsinki Other stock markets 10:30:00 13/03/2026 pm IST			5-day change	1st Jan Change
43.26 ^EUR	-0.37%		-4.80%	+6.71%

13/03	Dometic proposes two new board members	FW
09/03	Kalmar Wins Hybrid Straddle Carriers Contract in Belgium	MT

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Published financial data: KALMAR OYJ

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	151.22Cr	194.28Cr	204.96Cr	172.05Cr	174.14Cr
Total Revenues	151.22Cr	194.28Cr	204.96Cr	172.05Cr	174.14Cr
Cost of Goods Sold, Total	118.9Cr	155.74Cr	154.03Cr	126.8Cr	128.57Cr
Gross Profit	32Cr	39Cr	51Cr	45Cr	46Cr
Selling General & Admin Expenses, Total	19Cr	20Cr	22Cr	20Cr	19Cr
R&D Expenses	5.95Cr	4.98Cr	5.43Cr	5.4Cr	5.38Cr
Other Operating Expenses	-1.27Cr	-1.72Cr	-63L	20L	-46L
Other Operating Expenses, Total	24Cr	23Cr	26Cr	25Cr	23Cr
Operating Income	8.65Cr	16Cr	25Cr	20Cr	22Cr
Interest Expense, Total	-60L	-62L	-75L	-1.39Cr	-1.27Cr
Interest And Investment Income	30L	56L	1.52Cr	1.71Cr	74L
Net Interest Expenses	-30L	-6L	77L	32L	-53L
Income (Loss) On Equity Invest.	63L	63L	90L	46L	-31L
Currency Exchange Gains (Loss)	12L	-32L	-26L	-13L	-
Other Non Operating Income (Expenses)	0	31L	-38L	-38L	-40L
EBT, Excl. Unusual Items	9.1Cr	16Cr	26Cr	20Cr	21Cr
Restructuring Charges	-55L	-4.19Cr	-12L	-	-
Merger & Related Restructuring Charges	-79L	-26L	-	-	-
Gain (Loss) On Sale Of Assets	24Cr	-	-2L	-2L	21L
Other Unusual Items	-	-	-1.32Cr	-2.84Cr	3L
EBT, Incl. Unusual Items	32Cr	12Cr	24Cr	17Cr	21Cr
Income Tax Expense	5.75Cr	2.49Cr	4.77Cr	4.46Cr	4.78Cr
Earnings From Continuing Operations	26Cr	9.26Cr	19Cr	13Cr	16Cr
Net Income to Company	26Cr	9.26Cr	19Cr	13Cr	16Cr
Net Income - (IS)	26Cr	9.26Cr	19Cr	13Cr	16Cr
Net Income to Common Incl Extra Items	26Cr	9.26Cr	19Cr	13Cr	16Cr
Net Income to Common Excl. Extra Items	26Cr	9.26Cr	19Cr	13Cr	16Cr
Per Share Items
Net EPS - Basic	-	-	-	1.99	2.55
Basic EPS - Continuing Operations	-	-	-	1.99	2.55
Basic Weighted Average Shares Outstanding	-	-	-	6.43Cr	6.41Cr
Net EPS - Diluted	-	-	-	1.99	2.54
Diluted EPS - Continuing Operations	-	-	-	1.99	2.54
Diluted Weighted Average Shares Outstanding	-	-	-	6.43Cr	6.42Cr
Normalized Basic EPS	-	-	-	1.96	2.03
Normalized Diluted EPS	-	-	-	1.95	2.03
Dividend Per Share	-	-	-	1	1.1
Payout Ratio	6.73	59.61	55.42	0.16	39.19
Supplemental Items
EBITDA	12Cr	19Cr	29Cr	24Cr	26Cr
EBITA	8.74Cr	16Cr	25Cr	20Cr	22Cr
EBIT	8.65Cr	16Cr	25Cr	20Cr	22Cr
Total Revenues (As Reported)	151.22Cr	194.28Cr	204.96Cr	-	-
Effective Tax Rate - (Ratio)	18.02	21.19	19.75	25.86	22.64
Total Current Taxes	6.07Cr	3.41Cr	5Cr	4.02Cr	4.24Cr
Total Deferred Taxes	-38L	-70L	10L	-17L	72L
Normalized Net Income	5.69Cr	10Cr	16Cr	13Cr	13Cr
Interest on Long-Term Debt	30L	30L	31L	36L	37L
Non-Cash Pension Expense	23L	25L	-	24L	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	7.67Cr	7.92Cr	8.51Cr	8.81Cr	9.19Cr
General and Administrative Expenses	11Cr	12Cr	13Cr	11Cr	9.35Cr
Research And Development Expense From Footnotes	5.95Cr	4.98Cr	5.43Cr	5.4Cr	5.38Cr
Stock-Based Comp., Other (Total)	44L	13L	39L	40L	31L
Total Stock-Based Compensation	44L	13L	39L	40L	31L

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	10Cr	10Cr	8.26Cr	26Cr	28Cr
Total Cash And Short Term Investments	10Cr	10Cr	8.26Cr	26Cr	28Cr
Accounts Receivable, Total	31Cr	31Cr	28Cr	27Cr	29Cr
Other Receivables	26Cr	31Cr	34Cr	5.04Cr	5.62Cr
Notes Receivable	2.04Cr	50L	54L	19L	12L
Total Receivables	60Cr	63Cr	62Cr	32Cr	34Cr
Inventory	39Cr	50Cr	46Cr	44Cr	46Cr
Other Current Assets, Total	3.1Cr	2.98Cr	2.63Cr	3.43Cr	2.63Cr
Total Current Assets	112.13Cr	126.56Cr	118.98Cr	105.39Cr	111.02Cr
Gross Property Plant And Equipment	47Cr	50Cr	53Cr	53Cr	54Cr
Accumulated Depreciation	-22Cr	-24Cr	-26Cr	-27Cr	-27Cr
Net Property Plant And Equipment	25Cr	26Cr	27Cr	27Cr	28Cr
Long-term Investments	3.57Cr	3.93Cr	4.88Cr	5.31Cr	4.91Cr
Goodwill	27Cr	27Cr	26Cr	26Cr	26Cr
Other Intangibles, Total	72L	80L	1.06Cr	13L	58L
Loans Receivable Long-Term	1.26Cr	45L	1L	22L	16L
Deferred Tax Assets Long-Term	5.21Cr	5.23Cr	5.44Cr	5.04Cr	4.59Cr
Deferred Charges Long-Term	68L	58L	68L	52L	-
Other Long-Term Assets, Total	40L	36L	25L	27L	15L
Total Assets	175.97Cr	190.45Cr	184.61Cr	169.59Cr	174.85Cr
Liabilities
Accounts Payable, Total	23Cr	27Cr	17Cr	16Cr	18Cr
Accrued Expenses, Total	14Cr	15Cr	15Cr	11Cr	11Cr
Short-term Borrowings	3.32Cr	3.18Cr	7.6Cr	83L	58L
Current Portion of Long-Term Debt	8.35Cr	6.99Cr	5.01Cr	-	-
Current Portion of Leases	1.19Cr	1.13Cr	1.45Cr	1.69Cr	1.84Cr
Current Income Taxes Payable	1.67Cr	3.03Cr	2.53Cr	1.14Cr	1.44Cr
Unearned Revenue Current, Total	18Cr	16Cr	18Cr	18Cr	21Cr
Other Current Liabilities	8.71Cr	14Cr	11Cr	13Cr	10Cr
Total Current Liabilities	79Cr	87Cr	78Cr	62Cr	64Cr
Long-Term Debt	1.66Cr	-	5Cr	25Cr	20Cr
Long-Term Leases	5.96Cr	5.8Cr	6.4Cr	6.61Cr	6.26Cr
Pension & Other Post Retirement Benefits	4.77Cr	3.48Cr	3.89Cr	4.3Cr	3.97Cr
Deferred Tax Liability Non Current	1.02Cr	1.28Cr	99L	47L	76L
Other Non Current Liabilities	6.41Cr	7.52Cr	8.02Cr	7.37Cr	7.61Cr
Total Liabilities	98Cr	105.15Cr	102.79Cr	105.77Cr	103.07Cr
Common Stock, Total	-	-	-	2Cr	2Cr
Retained Earnings	-	-	-	72Cr	82Cr
Comprehensive Income and Other	78Cr	85Cr	82Cr	-10Cr	-12Cr
Total Common Equity	78Cr	85Cr	82Cr	64Cr	72Cr
Total Equity	78Cr	85Cr	82Cr	64Cr	72Cr
Total Liabilities And Equity	175.97Cr	190.45Cr	184.61Cr	169.59Cr	174.85Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	-	6.41Cr	6.41Cr
ECS Total Common Shares Outstanding	-	-	-	6.41Cr	6.41Cr
Book Value / Share	-	-	-	9.96	11.19
Tangible Book Value	50Cr	58Cr	55Cr	38Cr	46Cr
Tangible Book Value Per Share	-	-	-	5.85	7.1
Total Debt	20Cr	17Cr	25Cr	34Cr	29Cr
Net Debt	10Cr	7.07Cr	17Cr	8.03Cr	81L
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.76Cr	3.45Cr	3.87Cr	4.14Cr	-
Equity Method Investments, Total	3.57Cr	3.93Cr	4.88Cr	5.31Cr	4.91Cr
Account Code - Inventory Valuation	-	-	6	6	6
Inventories - Raw Materials, Total	19Cr	26Cr	23Cr	21Cr	21Cr
Inventories - Work In Process, Total	8.7Cr	11Cr	12Cr	10Cr	14Cr
Inventories - Finished Goods, Total	14Cr	18Cr	16Cr	18Cr	18Cr
Inventories - Others	2.31Cr	1.05Cr	24L	31L	13L
Land - (BS)	8.26Cr	8.67Cr	8.94Cr	9.33Cr	9.04Cr
Machinery, Total	11Cr	9.86Cr	10Cr	10Cr	10Cr
Full Time Employees	-	-	4.99T	5.21T	-
Assets on Operating Lease - Gross	18Cr	20Cr	21Cr	20Cr	19Cr
Assets on Operating Lease - Accumulated Depreciation	-6.65Cr	-7.79Cr	-8.03Cr	-7.72Cr	-6.53Cr
Order Backlog	130.24Cr	142.78Cr	102.43Cr	96Cr	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	26Cr	9.26Cr	19Cr	13Cr	16Cr
Depreciation & Amortization - CF	4.82Cr	4.94Cr	5.38Cr	5.39Cr	5.44Cr
Amortization of Goodwill and Intangible Assets - (CF)	9L	12L	18L	52L	1L
Depreciation & Amortization, Total	4.91Cr	5.06Cr	5.56Cr	5.91Cr	5.45Cr
Amortization of Deferred Charges, Total - (CF)	38L	16L	16L	20L	20L
Asset Writedown & Restructuring Costs	11L	2L	-	47L	-
Other Operating Activities, Total	-20Cr	54L	20L	-3.1Cr	2.17Cr
Change In Accounts Receivable	-3.79Cr	2.08Cr	3.63Cr	63L	-3.67Cr
Change In Inventories	-12Cr	-13Cr	3.6Cr	3.17Cr	-4.23Cr
Change in Other Net Operating Assets	12Cr	12Cr	-10Cr	-2.45Cr	4.68Cr
Cash from Operations	7.28Cr	16Cr	22Cr	18Cr	21Cr
Capital Expenditure	-2.88Cr	-4.69Cr	-5.62Cr	-4.05Cr	-6.63Cr
Sale of Property, Plant, and Equipment	1.77Cr	1.23Cr	1.89Cr	1.21Cr	2.13Cr
Cash Acquisitions	-20L	-	-	-	-
Divestitures	35Cr	19L	-5L	-	-
Sale (Purchase) of Intangible assets	-	-	-92L	-	-
Investment in Marketable and Equity Securities, Total	-	1.27Cr	-	-	-
Other Investing Activities, Total	61L	64L	37L	5L	13L
Cash from Investing	35Cr	-1.36Cr	-4.33Cr	-2.79Cr	-4.37Cr
Short Term Debt Issued, Total	19L	-	84L	-	35L
Long-Term Debt Issued, Total	-	-	5Cr	23Cr	9.98Cr
Total Debt Issued	19L	-	5.84Cr	23Cr	10Cr
Short Term Debt Repaid, Total	-	-33L	-39L	-47L	-25L
Long-Term Debt Repaid, Total	-1.85Cr	-8.95Cr	-3.11Cr	-12Cr	-17Cr
Total Debt Repaid	-1.85Cr	-9.28Cr	-3.5Cr	-12Cr	-17Cr
Repurchase of Common Stock	-	-	-	-80L	-
Common Dividends Paid	-1.76Cr	-5.52Cr	-11Cr	-2L	-6.4Cr
Common & Preferred Stock Dividends Paid	-1.76Cr	-5.52Cr	-11Cr	-2L	-6.4Cr
Other Financing Activities, Total	-35Cr	-28L	-11Cr	-7.72Cr	-1L
Cash from Financing	-39Cr	-15Cr	-19Cr	2.57Cr	-13Cr
Foreign Exchange Rate Adjustments	48L	-7L	-43L	47L	-1.28Cr
Miscellaneous Cash Flow Adjustments	-	-	-1L	1L	-
Net Change in Cash	3.76Cr	-31L	-2.01Cr	18Cr	2.06Cr
Supplemental Items
Cash Interest Paid	35L	33L	37L	1.33Cr	1.29Cr
Cash Income Tax Paid (Refund)	1.57Cr	1.49Cr	3.2Cr	7.44Cr	3.54Cr
Levered Free Cash Flow	-	5.48Cr	8.93Cr	40Cr	11Cr
Unlevered Free Cash Flow	-	5.86Cr	9.4Cr	41Cr	12Cr
Change In Net Working Capital	-	4.57Cr	5.53Cr	-26Cr	1.31Cr
Net Debt Issued / Repaid	-1.66Cr	-9.28Cr	2.34Cr	11Cr	-6.81Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	5.34	8.19	7	8.02
Return on Total Capital	-	9.75	14.65	12.09	13.93
Return On Equity %	-	11.37	23.19	17.56	24.09
Return on Common Equity	-	11.37	23.19	17.56	24.09
Margin Analysis
Gross Profit Margin %	21.37	19.84	24.85	26.3	26.17
SG&A Margin	12.56	10.11	10.51	11.51	10.65
EBITDA Margin %	8.09	9.92	13.92	13.93	14.74
EBITA Margin %	5.78	8.11	12.08	11.83	12.7
EBIT Margin %	5.72	8.05	11.99	11.53	12.7
Income From Continuing Operations Margin %	17.29	4.77	9.46	7.43	9.38
Net Income Margin %	17.29	4.77	9.46	7.43	9.38
Net Avail. For Common Margin %	17.29	4.77	9.46	7.43	9.38
Normalized Net Income Margin	3.76	5.21	7.81	7.31	7.49
Levered Free Cash Flow Margin	-	2.82	4.36	23.53	6.34
Unlevered Free Cash Flow Margin	-	3.02	4.59	24.04	6.8
Asset Turnover
Asset Turnover	-	1.06	1.09	0.97	1.01
Fixed Assets Turnover	-	7.67	7.73	6.39	6.41
Receivables Turnover (Average Receivables)	-	6.2	6.94	6.3	6.25
Inventory Turnover (Average Inventory)	-	3.48	3.2	2.82	2.86
Short Term Liquidity
Current Ratio	1.43	1.45	1.52	1.7	1.72
Quick Ratio	0.86	0.84	0.89	0.94	0.96
Operating Cash Flow to Current Liabilities	0.09	0.19	0.28	0.28	0.32
Days Sales Outstanding (Average Receivables)	-	58.87	52.57	58.12	58.36
Days Outstanding Inventory (Average Inventory)	-	104.76	114.19	129.63	127.45
Average Days Payable Outstanding	-	55.34	54.22	49.32	48.06
Cash Conversion Cycle (Average Days)	-	108.29	112.55	138.42	137.76
Long Term Solvency
Total Debt/Equity	26.39	20.05	31.12	53.42	39.91
Total Debt / Total Capital	20.88	16.7	23.73	34.82	28.53
LT Debt/Equity	9.82	6.8	13.93	49.47	36.54
Long-Term Debt / Total Capital	7.77	5.66	10.63	32.24	26.12
Total Liabilities / Total Assets	55.9	55.21	55.68	62.37	58.95
EBIT / Interest Expense	14.42	25.23	32.77	14.27	17.41
EBITDA / Interest Expense	22.6	33.39	40.19	18.53	21.7
(EBITDA - Capex) / Interest Expense	17.8	25.82	32.69	15.61	16.48
Total Debt / EBITDA	1.51	0.83	0.84	1.32	1.04
Net Debt / EBITDA	0.75	0.34	0.57	0.31	0.03
Total Debt / (EBITDA - Capex)	1.92	1.07	1.04	1.57	1.37
Net Debt / (EBITDA - Capex)	0.96	0.44	0.7	0.37	0.04
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	28.48	5.5	-16.06	1.21
Gross Profit, 1 Yr. Growth %	-	19.24	32.15	-11.15	0.71
EBITDA, 1 Yr. Growth %	-	57.65	47.98	-15.98	7.23
EBITA, 1 Yr. Growth %	-	80.32	57.11	-17.77	8.86
EBIT, 1 Yr. Growth %	-	80.81	57.16	-19.28	11.44
Earnings From Cont. Operations, 1 Yr. Growth %	-	-64.59	109.29	-34	27.68
Net Income, 1 Yr. Growth %	-	-64.59	109.29	-34	27.68
Normalized Net Income, 1 Yr. Growth %	-	78.02	58.09	-21.48	3.78
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	-33.89	27.64
Accounts Receivable, 1 Yr. Growth %	-	0.03	-11.61	-2.74	6.72
Inventory, 1 Yr. Growth %	-	28.59	-8.35	-5.12	5.33
Net Property, Plant and Equip., 1 Yr. Growth %	-	3.13	6.06	-2.82	4.86
Total Assets, 1 Yr. Growth %	-	8.23	-3.07	-8.14	3.1
Tangible Book Value, 1 Yr. Growth %	-	15.77	-5.11	-31.49	23.23
Common Equity, 1 Yr. Growth %	-	9.92	-4.08	-22	12.47
Cash From Operations, 1 Yr. Growth %	-	122.53	36.6	-20.38	18.79
Capital Expenditures, 1 Yr. Growth %	-	62.85	19.83	-27.94	63.7
Levered Free Cash Flow, 1 Yr. Growth %	-	-	63.1	353.24	-72.72
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	60.32	339.88	-71.38
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	10
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	16.42	-5.89	-7.82
Gross Profit, 2 Yr. CAGR %	-	-	25.53	8.36	-5.41
EBITDA, 2 Yr. CAGR %	-	-	52.73	11.5	-5.16
EBITA, 2 Yr. CAGR %	-	-	68.31	13.66	-5.48
EBIT, 2 Yr. CAGR %	-	-	68.57	12.63	-5.16
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-13.91	17.52	-8.21
Net Income, 2 Yr. CAGR %	-	-	-13.91	17.52	-8.21
Normalized Net Income, 2 Yr. CAGR %	-	-	67.76	11.42	-9.73
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-	-8.14
Accounts Receivable, 2 Yr. CAGR %	-	-	-5.97	-7.29	1.88
Inventory, 2 Yr. CAGR %	-	-	8.56	-6.75	-0.03
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	4.58	1.52	0.95
Total Assets, 2 Yr. CAGR %	-	-	2.43	-5.64	-2.68
Tangible Book Value, 2 Yr. CAGR %	-	-	4.81	-19.38	-8.76
Common Equity, 2 Yr. CAGR %	-	-	2.68	-13.5	-6.34
Cash From Operations, 2 Yr. CAGR %	-	-	74.35	4.29	-2.75
Capital Expenditures, 2 Yr. CAGR %	-	-	39.69	-7.07	8.61
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	171.89	11.19
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	165.56	12.21
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	4.4	-3.58
Gross Profit, 3 Yr. CAGR %	-	-	-	11.87	5.74
EBITDA, 3 Yr. CAGR %	-	-	-	25.15	10
EBITA, 3 Yr. CAGR %	-	-	-	32.56	11.96
EBIT, 3 Yr. CAGR %	-	-	-	31.88	12.23
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-21.21	20.82
Net Income, 3 Yr. CAGR %	-	-	-	-21.21	20.82
Normalized Net Income, 3 Yr. CAGR %	-	-	-	30.25	8.81
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-4.91	-2.83
Inventory, 3 Yr. CAGR %	-	-	-	3.79	-2.89
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	2.06	2.63
Total Assets, 3 Yr. CAGR %	-	-	-	-1.22	-2.81
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-9.04	-7.56
Common Equity, 3 Yr. CAGR %	-	-	-	-6.31	-5.59
Cash From Operations, 3 Yr. CAGR %	-	-	-	34.26	8.91
Capital Expenditures, 3 Yr. CAGR %	-	-	-	12.04	12.23
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	26.34
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	26.38