Konecranes: Demand Situation Improving in NA

In a recent stock exchange release, Konecranes reported that the demand situation in Europe and North America is improving within the industrial customer segments. Demand in the Asia-Pacific region continues stable. Global container throughput growth continues at a high level, and the prospects for orders related to container handling remain stable.

President and CEO Panu Routila said: “We continued to make good progress in execution in the second quarter. In Business Area Service, the year-on-year growth in order intake accelerated to 7.1 percent in comparable currencies. The growth was driven primarily by field services in EMEA and the Americas.”

He added: “Business Area Industrial Equipment also had a good Q2. On a comparable currency basis, external orders grew organically by 2.4 percent in the second quarter compared to the year-ago period. Order intake growth for components accelerated in Q2, in addition to solid growth in order intake for standard cranes in EMEA. Apart from the Americas, order intake for process cranes fell year-on-year.”

Konecranes is committed to providing customers with lifting equipment and services that increase the value and effectiveness of businesses.

And concluded: “While the key macroeconomic indicators are signaling slowing growth in many economies, including Europe and the US, our own demand environment is still showing signs of improvement. This gives us confidence when entering the second half of the year.”