Restructuring costs hit Konecranes profits

Lundmark said that the company also announced certain restructuring measures during Q4 which resulted in one-time charges of Euro 10.3m in the quarter.

Full-year 2011 operating profit before restructuring costs was marginally higher than in 2010 and he announced that “all in all, we are satisfied with our top-line growth and market share in 2011, but not with the profit.”

Year 2011 highlights include: orders received Euro 1,896.1m (+23.4%); sales Euro 1,896.4m (+22.6%); operating profit before restructuring costs Euro 117.2m (+ 6.2 %); restructuring costs Euro 10.3m and operating profit, including restructuring costs, Euro 106.9m.