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25 June 2019 The on-line newspaper devoted to the world of transports 07:26 GMT+2

April 28, 2011

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In the first quarter 2011 operating income rose 60% ​​Konecranes

Revenues increased by 27% and new orders by 59%

Konecranes, the Finnish group that manufactures lifting equipment, has closed the first quarter of 2011 with a net profit of EUR 8.3 million, a decrease of 5.4% compared to 8.8 million euro in the same period last year. Revenues increased 26.6% to 387.8 million euro and operating profit grew by 60.0% to 18.5 million euro.

In the first three months of this year the group has received new orders for 510.9 million compared to € 320.6 million to € scored in the first quarter of 2010. The order backlog at March 31 was 956.6 million euro, an increase of 49.2% compared to 641.3 million euro at March 31, 2010.

"We are pleased with the pattern of demand in the first quarter of 2011," said today the president and CEO of Konecranes, Pekka Lundmark. "Our new orders, supported by several large projects for port cranes - added - were the fourth highest in our history.Demand for industrial cranes, forklifts and maintenance services has grown so promising. So as is customary at the beginning of the year, our shipments have been contained. This seasonal factor, together with a weaker product mix and higher costs in IT technology and development, have slowed the improvement of our operating margin. Although the operating profit grew by a substantial 60% over the first quarter of 2010, the margin of 4.8% (was 3.8% last year) is a little behind our goals. "

"Our order book - said Lundmark - gives us good reason to be optimistic for the coming quarters, but the uncertainties due to world economic development in general and in particular the growing inflationary pressures require a degree of caution in planning activity ' .


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