Independent journal on economy and transport policy
10:15 GMT+1
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Konecranes posted an unsatisfactory quarter in terms of financial results but excellent in terms of new orders
For the first time, the value of orders exceeded one billion euros
April 27, 2022
In the first three months of 2022, revenues amounted to 672.1 million euro, with a decrease of -4.5% on the same period last year, reduction in turnover that was more accentuated in relation to the Port division only Solutions of the Finnish group, which produces vehicles for port use, business segment in which revenues declined by -25.4% falling to 176.0 million euros. The operating result was, as mentioned, of a negative sign and equal to -19.5 million of euro compared to an operating profit of 37.5 million in the first quarter of 2021. The contribution of the Port Solutions division to the operating result was negative for -20.1 million euro (profit of 15.6 million in the first quarter of last year). After 17 consecutive quarters ended in profit, Konecranes filed the first quarter of this year with a net loss of -21.3 million euro compared to a net profit of 18.4 million in the corresponding period of 2021.
In the first three months of this year the record value of the new orders acquired by Konecranes was 1.03 billion euro (+35.0%), with a record value even in relation to the orders to the Port Solutions division totalling 426.6 million euros (+54.8%). The value of new orders does not include orders for 78.9 million euros with Russia (of which 18.9 million for Port Solutions) that have been deleted as a result of the invasion of Ukraine by Moscow's troops. At 31 last March the value of the group's orderbook reached the historical record of 2.48 billion euros compared to 1.87 billion at March 31, 2021.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
In the first three months of 2022, revenues amounted to 672.1 million euro, with a decrease of -4.5% on the same period last year, reduction in turnover that was more accentuated in relation to the Port division only Solutions of the Finnish group, which produces vehicles for port use, business segment in which revenues declined by -25.4% falling to 176.0 million euros. The operating result was, as mentioned, of a negative sign and equal to -19.5 million of euro compared to an operating profit of 37.5 million in the first quarter of 2021. The contribution of the Port Solutions division to the operating result was negative for -20.1 million euro (profit of 15.6 million in the first quarter of last year). After 17 consecutive quarters ended in profit, Konecranes filed the first quarter of this year with a net loss of -21.3 million euro compared to a net profit of 18.4 million in the corresponding period of 2021.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
