Kalmar reports high operating profits in 2019
Kalmar’s 2019 order book increased compared to 2018, positively affected by higher demand for port automation solutions, and it achieved record-high operating profits despite a decrease in orders received.
Overall, Kalmar’s orders received decreased by 7% to 1,776 compared to 1,919 in 2018 while the company, which is part of the Cargotec Corporation, increased its order book by 4%.
Cargotec’s CEO Mika Vehvilãinen said: “Customers are now taking concrete steps towards automation investments and consider how and when they could automate their sites.
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