Konecranes has raised its financial targets as part of a new strategy focused on accelerating profitable growth, with its Port Solutions business targeting annual net sales growth of 7%. The Finnish lifting equipment group has also increased the profitability target for Port Solutions. The business now aims for a comparable EBITA margin of 9–12%, compared with the previous range of 9–11%. Konecranes raises group targets At group level, Konecranes is targeting compound annual net sales growth of 7%. Its previous target was to grow sales faster than the overall market. The company has also raised its comparable EBITA margin target to 15–17%, which it aims to achieve by 2030 at the latest. The previous range was 13–16%. Konecranes said growth will come from expanding market share both organically and through acquisitions. It also plans to broaden its product offering, strengthen technology and service capabilities, and increase its presence across different geographical markets and customer segments. “Konecranes has built a strong foundation, and we are ready for the next wave of accelerated growth,” said Marko Tulokas, President and CEO of Konecranes. Technology and automation form part of growth strategy Technology will play a central role in the strategy, with Konecranes planning increased investment in product intelligence, autonomy and modularity. The company also intends to make greater use of operational data and artificial intelligence, both to improve its own efficiency and develop data-enabled services for customers. Alongside technology, Konecranes plans to expand its service business and strengthen customer relationships throughout the lifecycle of its equipment. Industrial Service is targeting annual sales growth of 7% and a comparable EBITA margin of 23–25%. Industrial Equipment is targeting 6% annual growth and a margin of 10–12%. Konecranes also updated its dividend policy, setting a payout ratio of 40–60% of earnings over the business cycle, excluding