Independent journal on economy and transport policy
07:19 GMT+1
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In the first trimester the 2011 operating profit of Konecranes has grown of 60%
The revenues are increased of 27% and the new orders of 59%
April 28, 2011
Konecranes, Finnish group that produces means of raising, has closed the first trimester of 2011 with a profit clearly of 8,3 million euros, with a decrease of 5.4% regarding 8,8 million euros in the same period last year. The revenues are increased of 26.6% to 387,8 million euros and the operating profit has grown of 60.0% to 18,5 million euros.
In the first three months of this year the group has obtained new orders for 510,9 million euros regarding 320,6 million euros totaled in the first trimester of 2010. The value of the pocketbook orders on 31 March era of 956,6 million euros, in increase of 49.2% regarding 641,3 million euros on March 31, 2010.
"We are satisfied by the course of the question in the first trimester of 2011", it has declared today the president and managing director of Konecranes, Pekka Lundmark. "Our new orders, supported from various consisting projects for harbour cranes - it has added - have been the quarters more elevated of our history. Also the question of industrial cranes, fork trucks and services of maintenance has been developed in promising way. So as it happens of custom at the beginning of the year, our deliveries have been contained. This seasonal factor, with more a weak person mix than produced and the most elevated expenses in technology and development IT, has stopped the improvement of our operating margin. Even if the operating result has grown of a consisting 60% regarding the first trimester of 2010, the margin of 4.8% (was 3.8% a year makes) is a little behind regarding our objectives".
"Ours orderbook - it has concluded Lundmark - it gives to bonds reasons to us for being optimistic for the next trimesters, but the uncertainties tied to world-wide the economic development in general terms and, in particular, the increasing inflationary pressures demand a sure caution in the planning of the activity".
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Konecranes, Finnish group that produces means of raising, has closed the first trimester of 2011 with a profit clearly of 8,3 million euros, with a decrease of 5.4% regarding 8,8 million euros in the same period last year. The revenues are increased of 26.6% to 387,8 million euros and the operating profit has grown of 60.0% to 18,5 million euros.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
