Konecranes positive on port equipment results

Konecranes has claimed that its ports and lift trucks businesses have developed well in 2015 despite its general equipment profits falling dramatically.

Excluding restructuring costs, the company’s equipment-based operating profit (EBIT) fell by 27.7% from €47m (US$51) to €34m (US$37m). This was despite a 1.5% increase in net sales and a series of cost-cutting measures.

However, the company made a distinction between its container-related and non-container- related equipment products. The company’s new CEO Panu Routila, said: “Whilst we saw good development in our ports and lift trucks businesses, who target container handling and had an uplift in profitability, less positive results were in evidence in our industrial business.”