Independent journal on economy and transport policy
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Cargotec has closed 2013 with a bending of the -38% of the result clearly
Revenues in decrease of -4%. Consisting increase of the new orders in the fourth trimester
February 4, 2014
In the fourth trimester of the 2013 Finnish group Cargotec, that it produces and it commercializes means of cargo handling, last year has archived item the period October-December with revenues for 914 million euros, in increase of +3% regarding the last useful trimester of the 2012.L' operating is piled to 38,6 million euros (- 3%); such result, to clearly of the restructure costs, turns out to be pairs to 15,3 million euros (+7%). The profit clearly has been attested to 7,7 million euros (- 15%).
In the fourth trimester of the 2013 group has totaled new orders for 958 million euros, with an increment of 35% on the same period of the year precedence. The important increase is generated mainly by the rise of the orders recorded from the MacGregor brand, that it produces equipments for the field of the marine transport and for the offshore industry that has recorded new orders for 361 million euros (+86%). In sensitive increase also the new orders in confront of the Kalmar brand (357 million euros, +14%), that it is specialized in the realization and maintenance of destined means to the ports, to the terminals and the heavy industry, and of the Hiab brand (241 million euros, +19%), that it produces systems of cargo for the terrestrial transport and numerous segments of the industry and the logistics. The value of the total pocketbook orders of the group to 31 past December has been attested to 1,98 billion euros, with a bending of the -2% regarding 31 December 2012.
In the entire exercise anniversary 2013 Cargotec has recorded revenues for 3,18 billion euros, with a decrease of the -4% on exercise 2012. The operating profit has been of 126,5 million euros (- 20%) and, to clearly of the restructure costs have been pairs to 92,5 million euros (- 30%). Cargotec has closed 2013 with a profit clearly of 55,4 million euros (- 38%).
In the year the 2013 Finnish group has confiscated new orders for a total almost 3,31 billion euros (+8%), of which 1,01 billion for the brand MacGregor (+57%), 1,43 billion for Kalmar (- 9%) and 869 million euros for Hiab (+2%).
the president and managing director of Cargotec, Mika Vehviläinen, has been declared anything but satisfied of the results achieved from the group in 2013: "although our numerous successes - it has explained - 2013 have financial statement disappointing. However - it has specified - he has been comforting to meanwhile record the increase of the volume of the orders in the fourth trimester and the strengthening of cash flow beginning from the third trimester".
For the 2014 group previews an increase of the volume of transactions regarding last year so like an increase of the operating result to clearly of the restructure costs.
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