Independent journal on economy and transport policy
12:48 GMT+1
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In the second quarter, Konecranes reported a sharp decrease in port crane orders
Segment revenues fell by -16.2%
July 24, 2020
In addition, in the second quarter of 2020, 704.7 million (-11.3%), the company's revenues only generated Port Solutions' division amounted to 207.9 million euro (-16.2%) operating profit in the business segment is 10.2 million euros (-47.7%). The Konecranes group closed the second quarter of this year with a net profit of 30.3 million euros (up 50.7%).
In the first half of 2020, the group's revenues were equal to 1.5 billion euros, with a contraction of -5.0% on the first mid-last year, of which 460.5 million were generated by the Port Solutions segment (-6.0%). Group EBIT was 50.5 million euros (-22.7%), with a contribution of 6.8 million euros Port Solutions division (-76.0%). Konecranes filed the net profit of 41.8 million euros, or 25.7%. In first six months of this year the new orders acquired by the group totaled more than 1.3 billion euros (-21.1%), of which 427.4 billion Port Solutions (-32.6%).
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In addition, in the second quarter of 2020, 704.7 million (-11.3%), the company's revenues only generated Port Solutions' division amounted to 207.9 million euro (-16.2%) operating profit in the business segment is 10.2 million euros (-47.7%). The Konecranes group closed the second quarter of this year with a net profit of 30.3 million euros (up 50.7%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
