FInancial News

In the first half of 2024, Palfinger AG recorded revenue of €1,175.4 million euros, an operating result (EBIT) of €112.2 million  and consolidated net income of €68.3 million. Palfinger AG thus generated a strong result despite geopolitical uncertainty and a challenging market environment in the European core markets. Palfinger recorded strong demand for service cranes […]

Konecranes has reported an excellent Q2 with performance strong in all business segments. Order intake remained healthy, and sales grew year-on-year, profitability improved year-on-year, and the company posted an all-time high quarterly comparable EBITA margin of 14.3%. CEO Anders Svensson  said,”The demand environment remained healthy in Q2, although our order intake declined 11.6% year-on-year on […]

The Board of Directors of Cargotec Corporation (is carrying out a partial demerger of Cargotec according to which all assets, debts and liabilities of Cargotec relating to the Kalmar business area or mainly serving the Kalmar business area shall be transferred without a liquidation procedure to a new Kalmar Corporation. Upon the completion of the […]

A webinar has been published to mark the launch of the IPAF Rental Market Reports 2024, compiled exclusively for the International Powered Access Federation (IPAF) by global business research company Ducker Carlisle. The webinar is available to watch now on IPAF’s official YouTube channel and features an introduction from Peter Douglas, IPAF CEO and managing […]

MEWP manufacturer Snorkel is back in profit after a strong sales quarter, according to one of its shareholders. Tanfield Group PLC, which owns a 49% interest in Snorkel International Holdings LLC, is reporting that Snorkel’s net sales in the third quarter rose 21% to $52.1 million from $42.4m in the third quarter of 2022. This […]

Hyster-Yale Materials Handling, Inc has reported that third-quarter 2023 lift truck revenues increased 19% to $1001.2 million over 2022 the same period in 2022 while consolidated unit shipments increased 5% to 25,700. Revenue growth was led by a significant increase in Americas unit and parts volumes combined with the favourable effect of previously implemented price […]

In a global aerial work platform market that remains as dynamic as ever, and where pressure on component supplies continues to decrease, Haulotte recorded historic half-year sales of €403.7 million up +40% on the previous year. This change is mainly due to the sharp rise in volumes sold and the positive impact of price increases. […]

BVS Cranes rang the bell in Borsa Istanbul as it became the first crane manufacturer at the Turkish stock exchange. The bell ringing ceremony of BVS Bülbüloğlu Crane Industry, the first Turkish company in the crane industry to go public, was postponed due to the earthquake in February, and was held on 17 July 2023. […]

Konecranes reported a strong financial performance in Q2 wit both orders received and sales growing year-on-year. CEO Anders Svensson said, “We posted a record-breaking Q2 comparable EBITA margin of 10.8%, powered by continued good delivery capability and a positive pricing impact. Our all-time high orderbook of 3.4 billion euros and continued strong performance provide a […]

BVS Cranes, the Turkish leader in crane manufacturing is going through an initial public offering (=IPO) in Borsa Istanbul. BVS Cranes was established in 1986 by Mech Eng Önder Bülbüloğlu and has been growing in size and turnover ever since, both at home and in international markets – with export going to 90 countries on […]