Konecranes sees growth both in equipment and service

The company says demand for maintenance services is expected to continue to be above last year’s level due to higher capacity utilisation of equipment by customers.

In his report, President and CEO, Pekka Lundmark, explained that growing demand will support sales and profitability during the second half of 2010. However, due to low first half year sales it is expected that full year 2010 sales will be lower than those of 2009. Operating profit for 2010 is also expected to be lower than last year, before restructuring costs.

Figures for the first nine months (January to September) showed order intake at €1,058.3m, an increase of 7.1% compared to last year, with service orders increasing by 19.8% , while equipment dropped by 2.5%