Latest Cargotec Report Points to ‘Strong’ Demand

Cargotec references “strong” demand from U.S. markets in its latest interim report, which was published yesterday (21 October, 2015). The report also said Kalmar, Hiab orders and profitability developed positively, while the MacGregor market situation remained challenging.

Cargotec president and CEO Mika Vehviläinen said: “Market activity in container handling and truck-related load handling solutions continued to be healthy in the third quarter. Our investments in new products and operational development were highlighted in several major orders received during the quarter.”

He added: “Demand was strong in the United States and Europe. For MacGregor, the challenging market situation in merchant shipping and offshore continued, resulting in low order volumes. Overall Cargotec‘s orders and sales developed favourably during the quarter. Profitability continued to improve in Kalmar and Hiab. During the quarter, to improve profitability MacGregor announced new restructuring measures in addition to the already on-going programs.”