Independent journal on economy and transport policy
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In the third trimester the new orders to Cargotec have grown of 19%
The operating profit of the group is increased of 29%
October 27, 2011
In the third trimester of this year the means producer of Cargotec handling has recorded an sensitive rise (+19%) of the new orders that are piled to 811 million euros regarding 683 million euros in the period July-september of 2010. In the industrial field, where the group work with the marks Hiab and MacGregor, is totaled orders for 566 million euros (+45%), while in the terminalistico field, where the group is present with the Kalmar brand, the new orders are diminished of 16% to 246 million euros. The orderbook on 30 September it has been attested to 2.349 million euros, down of 2% regarding on September 30, 2010.
Decided also the increase of the quarterly economic results. The Finnish group clearly has archived item the third trimester of 2011 with a profit of 35,7 million euros on revenues for 753 million euros, with increments respective of 54% and 19% on the same period last year. The operating profit is piled to 54,4 million euros (+29%).
"The orders - it has commented the president and managing director of Cargotec, Mikael Mäkinen - are continued to grow in the third trimester in spite of the prevailing uncertainty of the economy. That included agreement quinquennial picture for the delivery of means to the American department of the Defense and the agreement for the automation of an American port. Moreover from China we have continued to receive meaningful orders of crane for the marine field. Besides this we are proud of being it are chosen at the beginning of October from DP World which partner for the harbour project of automation London Gateway" ( on 4 October 2011).
In the first nine months of the 2011 Cargotec it has confiscated new orders for 2.391 million euros, with an increase of 19% on the same period last year. The revenues are piled altogether to 2.310 million euros (+26%), the operating profit to 159,1 million euros (+71%) and the profit clearly to 114,5 million euros (+111%).
Cargotec previews to close the entire exercise anniversary 2011 with an increase of 20% of the revenues regarding the exercise precedence. "The increase of the revenues of the period January-september - Mäkinen has explained - confirmation our forecasts for the entire year. In the field Industrial & Terminal - it has added - we will continue our job in order to increase the profit subdividing in two the activity".
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In the third trimester of this year the means producer of Cargotec handling has recorded an sensitive rise (+19%) of the new orders that are piled to 811 million euros regarding 683 million euros in the period July-september of 2010. In the industrial field, where the group work with the marks Hiab and MacGregor, is totaled orders for 566 million euros (+45%), while in the terminalistico field, where the group is present with the Kalmar brand, the new orders are diminished of 16% to 246 million euros. The orderbook on 30 September it has been attested to 2.349 million euros, down of 2% regarding on September 30, 2010.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
