Independent journal on economy and transport policy
18:24 GMT+1
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Down the economic results of Terex Corporation
the first semester of 2016 has been archived item with a net loss of -6,4 million dollars
August 2, 2016
The American Terex Corporation, group that produces to means of raising and handling, has closed the second trimester of this year with a profit clearly of 64,6 million dollars on revenues pairs almost 1,3 billion dollars, with decreases respective of the -75% and the -10% on the correspondent period of 2015. The operating profit is piled to 73,4 million dollars (- 46%). The results of according to introduced trimester and the first semester of the 2016 from Terex do not include those producing from the activities of the division Material Handlling & Port Solutions (MHPS) that it will be yielded the Konecranes Finn and that Terex has accounted for as stopped activity ( on 17 May 2016).
In the first semester of the 2016 Terex it has recorded a net loss of -6,4 million dollars on revenues for 2,4 billion dollars respect to a profit clearly of 87,5 million dollars on revenues for 2,6 billion dollars in the first six months last year. The operating profit has turned out pairs to 84,7 million dollars (- 51%).
Evidencing that the results of according to trimester of this year reflect the phase of transition crossed from the company, that it has in course the cession of segment MHPS and part of the activities of the Construction division in order to in future concentrate the activity on the three divisions Aereal Work Platforms (AWP), Cranes and Materials Processing (MP), the president and managing director of Terex, John L. Garrison, has explained that in the course of according to trimester of the 2016 situation of the markets in which work the company has continued to being difficult: "as expected - it has specified Garrison - the demand for many of our produced ones of AWP and Cranes has turned out inferior in the North American market, with a consequent decrease of the sales and the obtained orders in the quarter. We have recorded an increase of the sales by AWP in Europe and some regions of Asia, but not sufficient to balance the bending in the America North. Our segment Material Processing - it has concluded Garrison - has obtained good results and an increase regarding the performances last year".
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The American Terex Corporation, group that produces to means of raising and handling, has closed the second trimester of this year with a profit clearly of 64,6 million dollars on revenues pairs almost 1,3 billion dollars, with decreases respective of the -75% and the -10% on the correspondent period of 2015. The operating profit is piled to 73,4 million dollars (- 46%). The results of according to introduced trimester and the first semester of the 2016 from Terex do not include those producing from the activities of the division Material Handlling & Port Solutions (MHPS) that it will be yielded the Konecranes Finn and that Terex has accounted for as stopped activity 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
