Postponed automation decisions affect Kalmar’s 2020 figures
Kalmar’s revenue fell by 11% in 2020 as customers postponed decisions on port automation solutions while demand for smaller cargo handling equipment in industrial segments decreased, owing to the overall drop in containerised trade.
However, the manufacturer noted that the pandemic has further strengthened interest in automation and demand for mobile equipment increased towards the end of the year.
Sales for 2020 amounted to €1.5bn (US$1.8bn) compared to the €1.7bn (US$2bn) whilst operating profit plummeted by 60% to €62m (US$75m). Meanwhile, the company’s order book fell by 20% to €842m (US$1bn).
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