Also Cargotec’s 2015 sales are expected to grow from 2014. Operating profit excluding restructuring costs for 2015 is expected to improve from 2014.
Cargotec’s President and CEO Mika Vehviläinen said: “Market activity in container handling and truck-related load handling solutions continued to be healthy in the third quarter. Our investments in new products and operational development were highlighted in several major orders received during the quarter. Demand was strong in the United States and Europe. For MacGregor, the challenging market situation in merchant shipping and offshore continued, resulting in low order volumes. Overall Cargotec’s orders and sales developed favourably during the quarter. Profitability continued to improve in Kalmar and Hiab. During the quarter, to improve profitability MacGregor announced new restructuring measures in addition to the already on-going programmes.”
July-September 2015 in brief
· Orders received increased 9 percent and totalled EUR 907 (829) million.
· Order book grew one percent from the 2014 year-end, and at the end of the reporting period it totalled EUR 2,233 (31 Dec 2014: 2,200) million.
· Sales grew 10 percent to EUR 928 (840) million.
· Operating profit excluding restructuring costs was EUR 68.3 (48.4) million, representing 7.4 (5.8) percent of sales.
· Operating profit was EUR 61.9 (45.8) million, representing 6.7 (5.4) percent of sales.
· Cash flow from operations before financial items and taxes totalled EUR 74.5 (63.4) million.
· Net income for the period amounted to EUR 43.6 (27.8) million.
· Earnings per share was EUR 0.67 (0.43).
January-September 2015 in brief
· Orders received increased 2 percent and totalled EUR 2,733 (2,685) million.
· Sales grew 15 percent to EUR 2,753 (2,395) million.
· Operating profit excluding restructuring costs was EUR 178.6 (77.8) million, representing 6.5 (3.2) percent of sales.
· Operating profit was EUR 168.1 (63.6) million, representing 6.1 (2.7) percent of sales.
· Cash flow from operations before financial items and taxes totalled EUR 227.3 (120.3) million.
· Net income for the period amounted to EUR 107.4 (31.4) million.
· Earnings per share was EUR 1.67 (0.48).