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09 August 2020 The on-line newspaper devoted to the world of transports 10:24 GMT+2

July 24, 2020

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Original news
In the second quarter Konecranes recorded a strong decrease in port crane orders

Segment revenues fell by -16.2%

Confirming, as announced in recent days, that the value company's new orders in the second quarter of this year was -29.3% lower than the previous year same period in 2019, today the Finnish manufacturer of cranes and Konecranes announced that the new orders port Solutions division, which produces mainly cranes destined for terminal containers, marked a decrease of -39.4% as their value amounted to 184.2 compared to EUR 304.0 million in the period April-June last year. As of June 30, the value of the division's order book stood at 929.4 12.4% compared to June 30, 2019.

In addition, in the second quarter of 2020, 704.7 million (-11.3%), the company's revenues only generated Port Solutions' division amounted to 207.9 million euro (-16.2%) operating profit in the business segment is 10.2 million euros (-47.7%). The Konecranes group closed the second quarter of this year with a net profit of 30.3 million euros (up 50.7%).

In the first half of 2020, the group's revenues were equal to 1.5 billion euros, with a contraction of -5.0% on the first mid-last year, of which 460.5 million were generated by the Port Solutions segment (-6.0%). Group EBIT was 50.5 million euros (-22.7%), with a contribution of 6.8 million euros Port Solutions division (-76.0%). Konecranes filed the net profit of 41.8 million euros, or 25.7%. In first six months of this year the new orders acquired by the group totaled more than 1.3 billion euros (-21.1%), of which 427.4 billion Port Solutions (-32.6%).

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