Kalmar’s order growth slows in fourth quarter

Kalmar has announced that its orders received increased by 4% in the last quarter of 2015, compared to 22% in the third quarter and 19% for the year as a whole.

Despite this, the CEO of Kalmar’s parent company Cargotec, said that the value of orders received by Kalmar was “strong” in the fourth quarter, where Kalmar received €395m (US$444m) worth of orders.

Although a geographic breakdown of Kalmar’s received was not available, Cargotec’s orders fell in the fourth quarter year-on-year both in the Asia-Pacific region (by 20%) and the Europe, the Middle-East and Africa region (by 12%). Orders from the Americas slowed in the fourth quarter, compared to the rest of the year, but continued to grow (by 6%). Kalmar’s orders make up 50% of Cargotec’s total orders.