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Strong half-year for Kalmar sees profits rise
Kalmar launched a Li-on battery forklift in June

Strong half-year for Kalmar sees profits rise

Kalmar’s operating profit rose by 26% to €65.8m in the first half of 2019 as the demand for Kalmar’s services increased, but declined slightly in mobile equipment.

Customers’ investments were mostly targeted to smaller subprojects as well as improving the efficiency of the existing terminals instead of building new terminals.

Cargotec’s CEO Mika Vehviläinen said: “We made progress in solving the supply chain challenges during the beginning of the year.

“Kalmar’s orders received declined, which was to be expected, as the comparison period’s order intake included an €80m agreement to deliver a state-of-the-art, fully automated terminal solution to Australia.”

The company, which is part of Cargotec, saw its order book increase by 9% from the end of 2018, and at the end of the second quarter it totalled €1.1bn.

Major orders received during the second quarter of 2019 included 32 diesel-electric straddle carriers to Italy’s Medcenter Container Terminal, which is owned by Terminal Investment Limited.