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18 August 2022 The on-line newspaper devoted to the world of transports 18:10 GMT+2

July 20, 2022

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Record quarterly orders for the Cargotec Group

In the period April-June revenues have increased by +12.4%

In the second quarter of this year the Finnish group Cargotec, which manufactures and markets handling equipment and lifting, recorded its own new historical record as much as alx value of new orders acquired, figure that is attested to 1.39 billion euros, with an increase of +8.9% compared to the period April-June of 2021 when it was marked the previous record. The new historical peak was achieved thanks to the high values of the new orders acquired from all three major brands of the group starting from by Hiab, which markets the vehicles produced by the group for construction, transport and other sectors industrial, which in the second quarter of 2022 obtained new orders for a record total of 523 million euros, with a increase of +3.0% on the same period last year when the previous quarterly peak was recorded; very accentuated the growth of new orders to the MacGregor brand that markets handling equipment and systems for ships and plants offshore and which has obtained new orders for 301 million euros, with a rise of +78.1%; while recording a decrease of -5.5%, having been equal to 567 million euros, also the value of the new orders for the Kalmar brand that sells vehicles for port, intermodal, logistic and industrial sectors, is elevated state being inferior only to the value of the orders for the second quarter of 2021 (€600 million). In the the second quarter of this year was also similar to the overall growth in the value of orders for services offered by the Cargotec group which amounted to 309 million euros (+8,8%).

At 30 June, the value of the group's order book Finland was at a record €3.60 billion, with an increase of +38.0% on 30 June 2021, of which 1.60 billion for Kalmar (+27.2%), 1.25 billion for Hiab (+50.4%) and 746 million euro for MacGregor (+44.3%).

In the second quarter of 2022, Cargotec recorded revenues amounted to 958.6 million euros (+12.4%), of which 428 million for Kalmar (+12.0%), 404 million for Hiab (+27.8%) and 127 million for MacGregor (-18.6%). Operating profit totalled 47.5 million euro (+6.0%) and net profit 40.8 million euro (+58.1%).

The CEO of Cargotec, Mika Vehviläinen, has highlighted that the second quarter of this year was a positive period for the company both in terms of orders received and of sales. "Despite the increase in the level of costs - he specified - our margins remained at one share significant, which demonstrates our flexibility company and our competitive prices. In the second trimester - ha specified Vehviläinen - we have again made increases of prices as required by the market situation and we continue to monitor the situation'. Referring to the prospects Future, Vehviläinen stated that, "although the market forecasts have been scaled down during the quarter, however growth is still expected for our markets».

ADSP Tirreno Centrale
PSA Genova Pra

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