Cargotec's January-September 2015 interim report: Kalmar and Hiab orders and profitability developed positively, MacGregor market situation remained challenging
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).
Outlook for 2015 unchanged
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 key figures
| MEUR
|
7-9/2015
|
7-9/2014
|
Change
|
1-9/2015
|
1-9/2014
|
Change
|
2014
|
| Orders received
|
907
|
829
|
9%
|
2,733
|
2,685
|
2%
|
3,599
|
| Order book, end of period
|
2,233
|
2,327
|
-4%
|
2,233
|
2,327
|
-4%
|
2,200
|
| Sales
|
928
|
840
|
10%
|
2,753
|
2,395
|
15%
|
3,358
|
| Operating profit*
|
68.3
|
48.4
|
41%
|
178.6
|
77.8
|
130%
|
149.3
|
| Operating profit, %*
|
7.4
|
5.8
|
|
6.5
|
3.2
|
|
4.4
|
| Operating profit
|
61.9
|
45.8
|
35%
|
168.1
|
63.6
|
164%
|
126.6
|
| Operating profit, %
|
6.7
|
5.4
|
|
6.1
|
2.7
|
|
3.8
|
| Income before taxes
|
55.4
|
39.3
|
|
149.2
|
44.7
|
|
98.2
|
| Cash flow from operations
|
74.5
|
63.4
|
|
227.3
|
120.3
|
|
204.3
|
| Net income for the period
|
43.6
|
27.8
|
|
107.4
|
31.4
|
|
72.0
|
| Earnings per share, EUR
|
0.67
|
0.43
|
|
1.67
|
0.48
|
|
1.11
|
| Net debt, end of period
|
678
|
835
|
|
678
|
835
|
|
719
|
| Gearing, %
|
52.5
|
68.3
|
|
52.5
|
68.3
|
|
59.2
|
| Personnel, end of period
|
10,876
|
10,829
|
|
10,876
|
10,829
|
|
10,703
|
*excluding restructuring costs
