Independent journal on economy and transport policy
14:37 GMT+2
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Cargotec Group's quarterly results fell sharply
In the April-June period, the value of new orders fell by -27%
July 17, 2020
The reduction in the value of new orders in the 2020 amounted to EUR 637 million, down -27% over the same period of 2019. The value orderbook as of June 30 last year was 1.82 billions (-13%).
The only Kalmar brand, dedicated to cranes for the port sectors, logistics and industrial end ended the second quarter this year with revenues of 350 million euros (-18%) and a negative operating profit of -13.1 million euros operating profit of 34.6 million euros in the year corresponding period of 2019. The new orders at Kalmar totaled 293 million euros (-30%) and the value of the portfolio 30 June last year stood at 885 million euro (-16%).
The Hiab brand, operating in the crane segment for the compartments construction, transport and other industrial sectors, has recorded revenues of 243 million euros (-32%) and a useful 18.0 million euros (-62%). The value of orders Hiab amounted to 223 million euros (-34%) And the brand's orderbook as of June 30 was 373 million euros (-8%).
The revenues of the MacGregor brand, which deals with and systems for ships and offshore installations, have been EUR 163 million (up 28%) and the operating result is negative status of -26.8 million euros compared to a negative sign result of -12.9 million euros in the second 2019. New orders at MacGregor have grown by 4% to EUR 120 million and the value of the orderbook as of 30 June 565 million euros (-11%).
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