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Finnish port equipment manufacturer Konecranes has reported strong results with operating profit of €365 million, order intake of €2.8 billion and sales of €3 billion for the first three quarters of the year.
Additionally, the company’s comparable EBITA margin reached 13% and comparable EBITA climbed to €392.2 million.
Konecranes CEO Anders Svensson commented, “Konecranes delivered another strong performance in Q3, marking the seventh consecutive quarter with year-on-year growth in comparable EBITA margin. Both order intake and sales grew year-on-year. At the same time, strategy execution continued to be good, and as a result, Konecranes posted an all-time high Q3 comparable EBITA margin – 13.4%.”
Svensson went on to add, “Despite the weakened macro indicators, our demand environment remained good in Q3. Order intake increased 12.5% year-on-year in comparable currencies, driven by Port Solutions and Service. Our orderbook was €2.8 billion at the end of September, 12.2% lower than a year ago on a comparable currency basis, but continuing to be on a good level historically.”
The company’s boss noted, “Group sales exceeded €1 billion and were 6.8% higher versus a year ago on a comparable currency basis. Sales grew in all three Business Segments.”
