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17 May 2022 The on-line newspaper devoted to the world of transports 13:18 GMT+2

April 27, 2022

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Cargotec starts 2022 with financial results and orders in growth

Revenues increased by +16.6%

After giving up the merger with compatriot Konecranes given that the project was rejected by the authority ANTITRUST of the United Kingdom and after announcing the decision to abandon the heavy port crane sector and sell the MacGregor division, the Finnish group Cargotec looks ahead in the wake of the positive results obtained in the first quarter of this year, period that the manufacturer of means of handling filed with revenues of 850.9 million euro, up +16.6% on the same period of 2021. The only one Hiab division, which manufactures and markets handling equipment for the construction, industrial and of transport, recorded revenues of 340 million euros (+18.5%), the Kalmar division, active in the crane segment for port, intermodal, logistic and industrial sectors, has totaled revenues of 372 million euros (+14.8%), and the MacGregor division, which produces handling systems and means for ships and offshore plants, recorded revenues of 140 million euros (+17.6%).

Group operating profit amounted to EUR 37.5 million of euro (+53.1%), with a contribution of 43.5 million from Hiab (+31.4%), of 22.7 million from Kalmar (+26.1%) and with a contribution of sign negative for -5.7 million by MacGregor (-7.9 million in the third quarter 2021). Net profit amounted to 21.1 million euros (+119.8%).

In the first three months of 2022 the group acquired new orders for a total value of 1.13 billion euros (+1.8%), of which 499 million for Kalmar (-5.7%), 482 million for Hiab (+13.4%) and 154 millions for MacGregor (-4.3%). New orders for services have amounted to 307 million euros (+2.7%). As of March 31, the value of the order book was 3.15 billion euros (+42.1%), of which 1.45 billion related to Kalmar (+37.9%), 1.12 billion to Hiab (+75.2%) and 577 million to MacGregor (+10.1%).

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