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05 August 2020 The on-line newspaper devoted to the world of transports 15:42 GMT+2

July 17, 2020

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Original news
Cargotec Group's quarterly results fell sharply

In the April-June period, the value of new orders down -27%

The impact of the coronavirus pandemic on activities economic savings did not spare Finland's Cargotec, which produces and commercializes handling equipment under the Kalmar, Hiab and Macgregor. After being stable in the previous quarter, In the April-June period of this year, the group's revenues were decreased by -17% to 755.8 million euros compared to EUR 911.4 million in the corresponding period of 2019. Result operating profit and net profit were both sign -19.5 million and -36.5 million, respectively. euro vs. positive results of 53.0 million and 29.0 million in the second quarter of last year.

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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