Cargotec improves the economic performances in spite of the difficulties of the MacGregor brand



In the first semester of this year the revenues of the Finnish means producer of Cargotec handling are diminished of the -5% attesting itself to 1,73 billion euros regarding 1,82 billion euros in the first half of 2015. The bending is determined by the contraction of the -30% of the revenues generated from the MacGregor branch, that it produces and it commercializes means and equipments for the naval field and the offshore industry, that they are come down to 411 million euros, while the volume of transactions of the Kalmar branch, than takes care of the field of the cranes and of means of handling for the terminalistico-harbour section, he has remained stable to 787 million euros and the revenues of the Hiab branch, than work in the field of means of handling for the terrestrial transport and for the industrial section, they are increased of +18% to 529 million of euro.

In the first half of the 2016 operating profit of the group it is piled to 120,2 million euros (+13%), with a contribution from the MacGregor brand pairs to 13,3 million euros (- 40%), from the Kalmar brand of 56,3 million euros (- 1%) and from the Hiab brand of 73,5 million euros (+67%).

Cargotec has closed the first six months of this year with a profit clearly of 79,6 million euros (+25%). In the period the Finnish group has obtained new orders for beyond 1,7 billion euros (- 5%), of which 892 million confiscated from Kalmar (- 1%), 322 million from MacGregor (- 28%) and 514 million from Hiab (+8%). The orderbook of the group on 30 June it was pairs to 2,0 billion euros, down of the -7% regarding on June 30, 2015.

In the second solo trimester of this Cargotec year has recorded revenues pairs to 898,3 million euros (- 4% on according to trimester 2015), an operating profit of 62,6 million euros (+14%) and a profit clearly of 40,4 million euros (+47%). The single Kalmar has totaled revenues for 420 million euros (+7%) and an operating profit of 31,1 million euros (+10%), the MacGregor revenues for 196 million euros (- 36%) and an operating profit of 4,3 million euros (- 55%) and the Hiab revenues for 283 million euros (+19%) and an operating profit of 41,3 million euros (+63%).

In according to trimester of the 2016 new orders obtained from the group they have been pairs to 825 million euros (- 7%). Kalmar has obtained orders for 438 million euros (- 3%), MacGregor for 149 million euros (- 32%) and Hiab for 239 million euros (+8%).

"In according to trimester - the managing director of Cargotec has commented today, Mika Vehviläinen - our activity has been evolven positively. The orders for Kalmar light are diminished regarding the correspondent period last year, while the collection of orders of the Hiab has grown of 8%. He has been comforting - it has specified - to assist for services to an increase of 12% of the orders. The profit has continued to improve is in Kalmar that in Hiab regarding the year precedence. On the other hand the situation of market for MacGregor has remained difficult. In MacGregor - Vehviläinen has remembered - we have already begun to implement new measures in order to wind down the level of our costs through actions assumed mainly in Norway let alone with the fusion of two divisions".

Cargotec previews to close the entire exercise anniversary 2016 with analogous or light inferior revenues to the level of 3,7 billion euros recorded in 2015 and with an operating profit to clearly of the costs of advanced restructure regarding 230,7 million euros totaled in 2015.