Independent journal on economy and transport policy
11:31 GMT+1
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In the third Konecranes trimester it has recorded a decrease of the economic results
the new orders have totaled an increase of 22.8%. Lundmark: in the fourth trimester we will start measures in order to reduce the fixed costs
October 20, 2011
The means producer of handling and Konecranes raising clearly has archived item the third trimester of this year with a profit of 18,3 million euros, down of 20.2% regarding 23,0 million euros in the correspondent period of 2010. The revenues have grown of 14.6% to 450,9 million euros, while the operating profit is diminished of 24.0% to 26,0 million euros and the profit before taxes has recorded a bending of 19.7% to 26,3 million euros.
"Obviously - it has commented today the president and managing director of Konecranese, Pekka Lundmark - I am not satisfied of our third trimester in its complex and the main worry is the increase more lowland of the previewed one in the Service field. We have invested a lot in the increase: development of systems and technology, expansion of the net of the services and the formation to the aim to be able to supply services of high value and puts up volumes. These are all optimal investments, but since now the obtained increase is inferior to the expectations we are resuming in consideration some you leave of our program. In the fourth trimester we will start measures in order to reduce the fixed costs in the activity of Service, in particular in Europe".
However Lundmark has evidenced also the positive elements presents in the report quarterly, between which the increase of 22.8% of the new orders, whose value is piled to 458,5 million euros regarding 373,4 million euros in the third trimester last year.
Altogether the value of the orderbook of the Finnish company is gone up to 1.040, 1 million euros, with an increase of 53.0% regarding 679,7 million euros on September 30, 2010.
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The means producer of handling and Konecranes raising clearly has archived item the third trimester of this year with a profit of 18,3 million euros, down of 20.2% regarding 23,0 million euros in the correspondent period of 2010. The revenues have grown of 14.6% to 450,9 million euros, while the operating profit is diminished of 24.0% to 26,0 million euros and the profit before taxes has recorded a bending of 19.7% to 26,3 million euros.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
