Independent journal on economy and transport policy
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Bending of the quarterly results of the Cargotec group
In the period April-june of this year the new orders have reached a value of 800 million euros (- 3%)
July 20, 2017
In according to trimester of this year new orders obtained from the Finnish group Cargotec, specialized in the production and commercialization of means of raising, they have totaled a value of 800 million euros, with a decrease of the -3% regarding 825 million euros in the period April-june of 2016. The single brand of the Kalmar group, than work in the segment of means for the harbour, intermodal and logistic terminals and for the industry, it has confiscated new orders for 386 million euros (- 12%), the MacGregor brand, that it supplies means of offshore handling and systems for ships and systems, have totaled new orders for 136 million euros (- 9%) and the Hiab brand, than takes care of crane for the field of the constructions, of the transport and of other industrial fields, it has obtained orders for 279 million euros (+17%).
In the first semester of the 2017 group it has obtained altogether new orders for a value of 1,66 billion euros, with a bending of the -4% on the first half of 2016, of which 834 million for the brand Kalmar (- 7%), 257 million for MacGregor (- 20%) and 567 million for the brand Hiab (+10%). The value of the orderbook of the group on 30 June was pairs to 1,72 billion euros (- 15% regarding on June 30, 2016), of which 926 million euros relative to Kalmar (- 8%), 507 million to MacGregor (- 32%) and 290 million to Hiab (+3%).
The Finnish group clearly has archived item the second trimester of this year with a profit of 37,5 million euros on revenues pairs to 845 million euros, with decreases respective of the -7% and -6% on the correspondent period of 2016. The operating profit is piled to 60,4 million euros (- 3%).
In the first semester of the 2017 Cargotec it has recorded revenues pairs to 1,64 billion euros (- 5% on the first half of 2016), an operating profit of 116,7 million euros (- 3%) and a profit clearly of 74,0 million euros (- 7%).
The managing director of the Cargotec, Mika Vehviläinen, has expressed satisfaction for the results achieved in according to trimester of this year. "the operating profit, excluded the restructure costs - it has explained - is elevated in the history of the Cargotec. The activity of the Hiab, with orders that have grown of +17% and with a profit that is gone up to a level record, has been developed particularly well. Alla Kalmar - it has added Vehviläinen - the orders are diminished regarding last year; however the interest of the customers for the solutions of continuous harbour automation to being high. Although the positive development of the containerized trade - he has specified - the customers are particularly cautious in carrying out huge investments. The operating profit of the Kalmar is continued to grow. The situation of the market of the MacGregor - it has concluded Vehviläinen - is still difficult, even if the orders are increased regarding the first trimester, but we in the course of according to trimester are successful to maintain also to the operating profit of the excluded MacGregor the restructure costs positive".
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