Independent journal on economy and transport policy
07:10 GMT+1
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Record quarterly orders for the Cargotec Group
In the period April-June revenues increased by +12.4%
July 20, 2022
At 30 June, the value of the group's order book Finland was at a record €3.60 billion, with an increase of +38.0% on 30 June 2021, of which 1.60 billion for Kalmar (+27.2%), 1.25 billion for Hiab (+50.4%) and 746 million euro for MacGregor (+44.3%).
In the second quarter of 2022, Cargotec recorded revenues amounted to 958.6 million euros (+12.4%), of which 428 million for Kalmar (+12.0%), 404 million for Hiab (+27.8%) and 127 million for MacGregor (-18.6%). Operating profit totalled 47.5 million euro (+6.0%) and net profit 40.8 million euro (+58.1%).
The CEO of Cargotec, Mika Vehviläinen, has highlighted that the second quarter of this year was a positive period for the company both in terms of orders received and of sales. "Despite the increase in the level of costs - he specified - our margins remained at one share significant, which demonstrates our flexibility company and our competitive prices. In the second trimester - ha specified Vehviläinen - we have again made increases of prices as required by the market situation and we continue to monitor the situation'. Referring to the prospects Future, Vehviläinen stated that, "although the market forecasts have been scaled down during the quarter, however growth is still expected for our markets».
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At 30 June, the value of the group's order book Finland was at a record €3.60 billion, with an increase of +38.0% on 30 June 2021, of which 1.60 billion for Kalmar (+27.2%), 1.25 billion for Hiab (+50.4%) and 746 million euro for MacGregor (+44.3%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
