Cargotec will cut 250 places of job in the Hiab division



The Cargotec group, that it has about 10.000 dependent and it produces means of raising, has programmed the cut of 250 places of job in the division that work under the Hiab brand (3,000 dependent), that it on the road offers to solutions and services for cargo handling. In Holland (where they are already in course negotiations) will be cut job 45 places, in Sweden 35, in Finland 12 and 158 in other nations. Such measure - the Finnish group has announced today - will allow annual savings for about 20 million euros and will involve costs of restructure for 12 million euros.

While the Cargotec group has closed the third trimester of this year with a profit clearly of 19,3 million euros on revenues for 752,1 million euros, with decreases respective of the -22% and the -5% on the correspondent period of 2012. The operating profit has been of 31,2 million euros (- 19%).

In the first nine months of the 2013 Cargotec it has totaled a profit clearly of 47,6 million euros and an operating profit of 77,2 million euros on revenues for 2,27 billion euros, with bendings respective of the -41%, -34% and -7% on the period January-september last year.

Sul forehead of the new acquired orders from the group, this year is piled to 724 million euros in third trimester (+1%) and altogether to 2,35 billion euros in first nine months (0%). The Hiab brand has recorded new orders for 203 million euros in third trimester (+6%) and for 628 million euros in first nine months (- 3%); the Kalmar brand, that it produces means for the cargo handling for the fields harbour, interportuale, logistic and industrial, has totaled orders for 366 million euros in third trimester (- 9%) and for 1,07 billion euros in the first nine months (- 14%); the MacGregor brand, that it produces means for the marine transport and the offshore industry, has confiscated new orders for 157 million euros in third trimester (+25%) and for 650 million euros in first nine months (+44%). The value of orderbook of the entire group on 30 September era of 2,05 billion euros regarding 2,31 billion euros on September 31, 2012.

The single MacGregor division has archived item the third trimester of this year with an operating profit of 16,6 million euros (- 24%) on revenues for 200 million euros (- 12%) and the first nine months of this year with an operating profit of 46,9 million euros (- 49%) on revenues for 576 million euros (- 24%). In the third trimester of the 2013 Kalmar brand it has recorded an operating profit of 14,9 million euros (- 10%) on revenues for 354 million euros (- 5%) and in the first nine months of the year an operating profit of 36,4 million euros (- 5%) on revenues for 1,08 billion euros (0%). Hiab has closed the third trimester of 2013 with an operating profit of 5,6 million euros (+4%) on revenues for 198 million euros (+4%) and the first nine months with an operating profit of 13,5 million euros (- 26%) on revenues for 611 million euros (+1%).