The CEO of Kalmar’s parent company has said that the pace of customer decision making has slowed down in 2016.
In his statement on Cargotec’s third-quarter results, Mika Vehviläinen said: “Kalmar’s result was also satisfactory; however, the pace of customer decision making has slowed down, which could be seen in declining order numbers.”
According to the results statement, Kalmar received no big project orders in Kalmar in the third quarter and orders were down 16% on the previous year to €389m (US$422m). In the year as a whole, orders received are down 6% on the previous year.
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