Strong finish to year for Kalmar after earlier struggles
Equipment manufacturer Cargotec had a strong end to a difficult 2014, with operating profit leaping by 313% in the fourth quarter, driving full year growth to 37%.
Totalling €63.0m (US$71.1m), the final three months of the year accounted for almost half of the Finnish company’s full year operating profit of €126.6m (US$142.8m).
Nevertheless, “the overall financial results for 2014 were below our expectations” according to Cargotec’s President and CEO, Mika Vehviläinen, who attributed the late surge to “profit improvement programmes”.
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