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26 May 2020 The on-line newspaper devoted to the world of transports 14:26 GMT+2

April 29, 2020

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Original news
Decrease of the economic and commercial performances of the Konecranes in the first trimester

Attended an ulterior one decided bending of the results in the quarter next because of the impact of the Covid-19

In the first trimester of this year the revenues of the Konecranes Finn, group that produces to means of handling and raising, have been pairs to 769,6 million euros, with an increment of +1.5% on the same period of 2019 to which it has contributed the recent acquisition of the entire control of the MHE-Demag(on 9 December 2019), of which 252,6 million euros of revenues generated from the sun sales of crane for harbour field (+4.5%). The operating profit is piled to 7,8 million euros (- 71.4%), with a contribution from the field of harbour means of sign negative and pairs to -3,4 million euros respect to an operating profit of 8,8 million euros in the first three months last year. The company has specified that the difference of the operating result regarding last year is due also to the particularly elevated level of the result of the 2019 that is produced by the order for the supply of automated cranes and destined systems software to the new Israeli port of Hadarom. Konecranes has closed the first trimester of 2020 with a profit clearly of 11,5 million euros (- 12.9%).

In the first three months of this year the group has acquired new orders for a value of 737,0 million euros, with a decrease of the -13,1%, of which 243,2 million euros of store clerks for harbour means (- 26.3%). The value of orderbook on 31 March the era of 1,96 billion euros, in increase of +4.5% on on March 31, 2019, of which 949,9 million euros in the segment of harbour means (- 5.4%).

The president and managing director of the Finnish group, Rob Smith, have evidenced the impact that the pandemic has had and is having on the activity of the Konecranes: "in the first trimester - he has explained - many customers of Konecranes have limited the access to their sites, having compromised our ability to execute work on the spot and returning the delivery and the installation of new equipments and the effettuazione of assistance activity particularly difficult on the spot. If our turnover is increased light regarding last year because of the inclusion of the MHE-Demag of our recent acquisition, the organic increase of the turnover regarding last year is diminished of the -1,3% approximately. We preview - it has announced Smith - than in according to trimester of this year impact on the turnover of the coronavirus will be particularly negative".

"Also our activities - it has continued Smith - are hit by the pandemic. The deliveries of materials have become more difficult. Moreover, during some periods of the first trimester, the activity in some of our factories is interrupted. In the end of April our factories in India, Malaysia, Filippine and South Africa are closed. Now as now we expect that the impact of these arrest warrants on our total activities of supply will be limited since our European factories of members have continued to work without interruptions".

About the evolution of the question, the president and CEO of the Finnish company have confirmed that "the producing pandemic is influencing the question of and services of the Konecranes. In the first trimester - it has specified - the acquisition of orders of the group, included the MHE-Demag, is dropped of 13% about on a yearly basis. If the impact of the coronavirus has been particularly obvious on our activities for the industry, the bending in the business area Port Solutions is caused mainly by the important store clerk for destined automated means to the new site of Hadarom recorded in the first trimester of 2019, being profitable difficult confronts year on year. Because of the crisis - it has still specified Smith - in according to trimester we preview a consequent reduction of the orders in all and three our areas of business".


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