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.