Konecranes orders grow strongly

News Story
- 25 Aug 2011 ( #528 ) - Hyvinkää, Finland
1 min read
Konecranes' equipment orders for the first half of 2011 totalled EUR963.7 million (USD1.39 billion) or 40.7% higher than last year's EUR684.9 million (USD988 million).

Orders received grew 18.3% in the service division and by 58.6% in the equipment division, compared to a year before. All geographic areas contributed to the increase, with strongest growth coming from the Americas, followed by the Asia-Pacific region.

Group sales for the period grew 24% from a year ago and totalled EUR847.3 million (USD1.222 billion), compared to last year's 683.3 million (USD985.7 million). Sales in the service division rose by 13% and in the equipment division by 29.9%.

Group CEO Pekka Lundmark says the company can be satisfied with its top line growth, in particular, with the fact that its order book is now 43.2% stronger than a year ago.

"A tight pricing environment and cost inflation, combined with our own decisions to increase technology and IT development spending to ensure our competitiveness in the long run is, unfortunately, slowing bottom-line growth. Increasing prices wherever possible and a tight cost control are clear priorities for us right now," Lundmark says.

Operating profit for the period was EUR43.6 million (USD66.8 million), 35.4% higher than the previous year's EUR32.2 million (USD46.4 million). In the January-June period, the group employed about 10,637 people compared to 9,638 the year before.
Ritchie Bros. auction earns $54M
Ritchie Bros. auction earns $54M 1 Sep 2022 - Houston, TX, United States - 1 min read
Record 11/11 sales for EP
Record 11/11 sales for EP 2 Dec 2021 - Hangzhou, China - 1 min read
Forklift sales surge Down Under
Forklift sales surge Down Under 21 May 2020 - Australia - 1 min read
Previously about:
Konecranes takes over Kocks News Story - 11 Apr 2024 - Hyvinkää, Finland - 1 min read
New port equipment for Croatia, Oman and Reunion Island News Story - 22 Feb 2024 - 4 min read
Chiquita orders three Konecranes reachstackers News Story - 15 Feb 2024 - Puerto Barrios, Guatemala - 1 min read
Do you have materials handling news? Submit your news here

CeMAT Australia is returning to the Melbourne Convention and Exhibition Centre on July 23 - 25, 2024.

Register for free and experience the leading global trade show for intralogistics, materials handling, and supply chain management, and familiarise yourself with the latest technology in your sector!

Register Now! 

Words of support …

After advertising with Forkliftaction.com, we got many enquiries regarding interest to be our distributor. Mostly from Europe and USA but including a few in ASEAN. We feel that the advertisement was useful and good for market expansion.

Lawrence Xu, Assistant Sales Manager - Resonac Asia Pacific Pte Ltd.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

CeMAT Australia is returning to the Melbourne Convention and Exhibition Centre on July 23 - 25, 2024.

Register for free and experience the leading global trade show for intralogistics, materials handling, and supply chain management, and familiarise yourself with the latest technology in your sector!

Register Now! 

PREMIUM business

Rocla AGV Solutions
Leading developer & manufacturer of automated guided vehicles (AGVs) tailored to the customers' specific needs.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

“I really enjoy your newsletter and share the articles with all my training team for industry currency. I also print and display specific articles on forklift safety and accidents on our notice board for all the learners who attend our training courses to read...”

Gavin Trim - CEO, High Risk Work Licence Assessor, Mechanical Handling Equipment Specialist - Nationwide Training

Thanks Gavin for sharing your experience with Forkliftaction