Independent journal on economy and transport policy
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Konecranes reported record revenues in the last quarter of 2020
The value of new orders increased by +7.9%, with an increase of +52.7% in relation to port vehicles
February 4, 2021
In the production and marketing segment of means for the port sector, revenues of equal to €355.3 million (+10.9%) and an operating profit of 28.2 million (+16.5%).
In the period October-December last year, the value of new orders acquired by the group stood at 843.3 million euros, with an increase of +7.9% following five quarterly periods of decline. In the area of means for the port sector, the new orders amounted to 403.7 million (+52.7%). Last December 31st, the value of the orderbook of the group was 1.71 billion euros, down -6.0% compared to December 31, 2019, of which 903.2 million for the sector alone ports (-5.9%).
In the whole of 2020, the group's revenues amounted to 3.18 billion euros, with a decrease of -4.4% on the year of which 1.07 billion in the media segment alone ports (-4.5%). EBITDA was €303.8 million (+11.6%), operating profit of 173.8 million euros (+16.9%) with a contribution of 28.1 million from the port vehicles segment (-60,6%). Konecranes ended 2020 with a net profit of 122.9 million euros (+48.4%).
Last year, the Finnish group forfeited new orders for a total of €2.73 billion (-13.9%), of which €994.4 billion million for port resources (-13.3%).
It should be remembered that Konecranes is in the process of merging with fellow countrywoman Cargotec, also a manufacturer of handling of loads ( of the 1st October 2020).
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In the production and marketing segment of means for the port sector, revenues of equal to €355.3 million (+10.9%) and an operating profit of 28.2 million (+16.5%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
