Report published September 24, 2026

Konecranes: New Financial Targets Above Expectations – Goldman Sachs Equity Research

Goldman Sachs · September 24, 2026

Goldman Sachs reiterates a Buy rating and €37 price target on Konecranes following new financial targets for FY30 that exceed consensus expectations. Management updated its net sales growth target to 7% CAGR and raised its FY30 adjusted EBITA margin target to 15-17%, alongside launching a €100mn share buyback program.

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Key Takeaways

1.Konecranes raised its financial targets above consensus expectations, guiding for a 7% net sales CAGR and an adjusted EBITA margin of 15-17% for FY30 (up from 13-16%).
2.Achieving the midpoint of the new guidance implies FY30 net sales 6% above VA consensus and FY30 adjusted EBITA approximately 11% above current consensus estimates.
3.Capital returns are bolstered via a new €100mn share buyback program capped at 4.25mn shares (~1.8% of share count), alongside an updated dividend policy targeting a 40-60% payout ratio.

Valuation

Report data

KCRA.HE Valuation and Forecast Table — as of September 23, 2026.

Metric	Estimate	Context
12-month Price Target	37.0 EUR	Goldman Sachs 12m price target for Konecranes
Share Price	29.76 EUR	Closing share price as of 23 Sep 2026
FY30 Adjusted EBITA Margin Target	15-17%	Management raised its FY30 adjusted EBITA target from 13-16% previously
Net Sales Growth Target CAGR	7.0%	Management sales CAGR target, up from previous guidance of sales growth faster than the market
Share Repurchase Program Cap	100.0 EUR mn	Capped at €100mn or a maximum of 4,250,000 shares (~1.8% of total shares)