Monday , 18 June 2018
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Kalmar suffers fall in sales

Kalmar has reported a slight fall in its sales and orders received in the first quarter of 2017.

Sales went down by 1% year-on-year to €367m (US$399m) in the months between January and April 2017 from €364m (US$395.7m) in the same period last year.

The company’s orders received also fell by 1% year-on-year, going down from €454m (US$493m) in the first quarter of 2016 to €448m (US$487m) in the same period this year.

However, the Finnish manufacturer’s operating profit was up 6% year-on-year from €25.2m (US$27m) in the first three months of 2016 to €26.6m (US$29m) in the same period this year.

Excluding restructuring costs, the company’s operating profit was up by 9% year-on-year to €27.9m (US$30m) in the same period.

The manufacturer’s order book recorded a 9% growth from €900m (US$978m) as of December 31, 2016, to €977m (US$1bn) as of March 31 this year.

Mika Vehviläinen, CEO of Kalmar’s parent company Cargotec, said: “Kalmar’s development as a whole was at a satisfactory level. Its profitability improved and demand was healthy especially in mobile equipment.”

Cargotec’s software sales, which include Navis business unit and automation software, grew by 28% year-on-year from €28m (US$30m) in the first quarter of 2016 to €35m (US$38m) in the same period this year.

“Our software business developed positively in the first quarter, which reflects our efforts over the past few years,” Vehviläinen said. “During the first quarter, already as much as 32% of our sales came from services and software.”

He added: “We see many possibilities to improve the performance of the cargo handling value chain.

“With our solutions, know-how and expertise we want to help our customers make their operations more efficient. We are proceeding well towards our target to be the leader in intelligent cargo handling.”