Konecranes port solutions sector reported a mixed half-year as orders fell by 10.2% year-on-year to €456.9m (US$534.9m) while both the order book and sales grew.
Orders suffered due to an 11.8% decline in the second quarter resulting from a fall in mobile harbour crane orders – although this was slightly offset by rubber-tyred gantry cranes (RTG) orders – but the order book increased by 1.7% to €830.7m (US$971.3m) while sales rose by 6% to €444.2m (US$519.4m).
Adjusted earnings before interest, tax and amortisation (EBITA) rose from €15.5m (US$18.1m) to €25.5m (US$29.8m) while adjusted EBITA margin rose from 3.7% to 5.7% Operating profit totalled €20.2m (US$23.6m), up from €8.6m (US$10.1m), and operating margin improved from 2.1% to 4.6%.
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