- Sales increased
- Operating profit continued to increase in Kalmar and Hiab
- MacGregor’s result still weak. TTS Group acquisition completed
July–September 2019 in brief: Comparable operating profit increased
- Orders received decreased by 7 percent and totalled EUR 858 (921) million.
- Order book amounted to EUR 2,251 (31 Dec 2018: 1,995) million at the end of the period.
- Sales increased by 12 percent and totalled EUR 901 (805) million.
- Service sales increased by 13 percent and totalled EUR 269 (239) million.
- Service and software sales represented 35 (35) percent of consolidated sales.
- Operating profit was EUR 57.9 (54.5) million, representing 6.4 (6.8) percent of sales.
- Comparable operating profit increased by 18 percent and amounted to EUR 68.3 (57.8) million, representing 7.6 (7.2) percent of sales.
- Cash flow from operations before financial items and taxes totalled EUR 80.8 (17.0) million.
- Net income for the period amounted to EUR 29.7 (37.9) million.
- Earnings per share was EUR 0.46 (0.58).
January–September 2019 in brief: Sales increased
- Orders received totalled EUR 2,752 (2,766) million.
- Sales increased by 11 percent and totalled EUR 2,669 (2,394) million.
- Service sales increased by 8 percent and totalled EUR 777 (722) million.
- Service and software sales represented 34 (34) percent of consolidated sales.
- Operating profit was EUR 162.0 (129.1) million, representing 6.1 (5.4) percent of sales.
- Comparable operating profit increased by 10 percent and amounted to EUR 190.0 (172.5) million, representing 7.1 (7.2) percent of sales.
- Cash flow from operations before financial items and taxes totalled EUR 153.1 (39.8) million.
- Net income for the period amounted to EUR 89.7 (73.9) million.
- Earnings per share was EUR 1.39 (1.13).
Outlook for 2019
Cargotec reiterates its outlook published on 8 February 2019 and expects its comparable operating profit for 2019 to improve from 2018 (EUR 242.1 million).
