Slow customer decision making on large equipment affects Kalmar

The amount of orders Kalmar received dropped by 17% in the third quarter of the year to €392m (US$415m), as customer decision making on large equipment orders remained slow.

However, the demand for mobile equipment used in industrial operations and small and mid-sized terminals was strong, while distribution-related product categories were impacted by restocking.

The Finnish manufacturer’s sales decreased by 4% to €503m (US$530m) but this was offset by a more favourable sales mix, successful management of inflationary pressures and reduced heavy cranes related losses.