Independent journal on economy and transport policy
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Cargotec closed the third quarter with a decline in economic results and orders
Revenues fell by -13.8% as did the value of new orders
October 22, 2020
In the quarter, the group obtained new orders worth of 740 million euros (-13.8%), of which 328 million for Kalmar (-17.2%), 274 million for Hiab (-10.7%) and $139 million for MacGregor (-10,9%). As of September 30th, the value of the order book group amounted to €1.75 billion, down -22.2% on the 30 September 2019, of which 834 million for Kalmar (-23.0%), 386 million for Hiab (-15.7%) and 532 million for MacGregor (-25.3%).
Pointing out that Cargotec has achieved a good result despite the difficulties caused by the Covid-19 pandemic, the Managing Director of the Finnish Group, Mika Vehviläinen, explained that if the market was still weak at the beginning of the third quarter, "however, the recovery in the state of the started after April, however, continued throughout the third quarter.' Vehviläinen pointed out that in the third quarter of this year, new orders are also falling, although -14% on the third quarter of 2019, marked an increase on the previous quarter.
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In the quarter, the group obtained new orders worth of 740 million euros (-13.8%), of which 328 million for Kalmar (-17.2%), 274 million for Hiab (-10.7%) and $139 million for MacGregor (-10,9%). As of September 30th, the value of the order book group amounted to €1.75 billion, down -22.2% on the 30 September 2019, of which 834 million for Kalmar (-23.0%), 386 million for Hiab (-15.7%) and 532 million for MacGregor (-25.3%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
