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Cargotec closes 2012 with a decrease of the results and the new orders
The value of the orderbook on 31 December has been attested to 2,02 billion euros (- 17%)
February 13, 2013
In all the four trimesters of the 2012 Cargotec group it has recorded a bending of the economic results, an attenuation of the increase of the volume of transactions and a decrease of the new orders. The Finnish group, that it produces means of raising through the marks Hiab, Kalmar and MacGregor, has closed entire year 2012 with a profit clearly of 89,2 million euros, down of 40% regarding 149,2 million euros in 2011. The revenues are increased of 6% to 3,33 billion euros and the operating profit is diminished of 37% to 207,0 million euros. Last year the group has confiscated new orders for 3,06 billion euros, with a bending of 5% on 2011, and the value of the orderbook on 31 December has been attested to 2,02 billion euros, decreasing of 17% regarding on December 31, 2011.
"In 2012 - it has commented today the president and managing director ad interim of the Finnish group, Tapio Hakakari - we have tried to improve the profit and cash flow. However we have not reached all our objectives. The unavoidable consequence of this has been the start of negotiations on the occupation. Unfortunately therefore we are forced to deprive us of some employee ( on October 2, 2012, ndr). Moreover we have launch a new operating model based on independent activities ( on September 17, 2012, ndr). These changes have the scope to reach to a simplification of the activities, an increase of the profits and an increase of the market share. We consider of being in an optimal position in order to overturn the situation under the guide of our new president and managing director with effect from on March 1°, 2013, Mika Vehviläinen".
In the solo last trimester last year Cargotec has totaled a profit clearly of 8,7 million euros, with a reduction of 75% regarding 34,8 million euros in the period October-December of 2011. The revenues have grown of 7% to 890 million euros and the operating profit is come down of 71% to 13,8 million euros. In the fourth trimester of the 2012 new orders they have reached a value of 710 million euros (- 16%).
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In all the four trimesters of the 2012 Cargotec group it has recorded a bending of the economic results, an attenuation of the increase of the volume of transactions and a decrease of the new orders. The Finnish group, that it produces means of raising through the marks Hiab, Kalmar and MacGregor, has closed entire year 2012 with a profit clearly of 89,2 million euros, down of 40% regarding 149,2 million euros in 2011. The revenues are increased of 6% to 3,33 billion euros and the operating profit is diminished of 37% to 207,0 million euros. Last year the group has confiscated new orders for 3,06 billion euros, with a bending of 5% on 2011, and the value of the orderbook on 31 December has been attested to 2,02 billion euros, decreasing of 17% regarding on December 31, 2011.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
