FInancial News

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 […]

Since it was founded in 1992, CMC has continued to grow, establishing itself as a leading brand in the production of tracked aerial platforms. Now, private equity company Metrika SGR has invested in 70% of the company’s share capital, growth is expected to increase exponentially The partnerships aims to create added value for CMC’s investors […]

Cargotec’s interim report from July to September 2022 showed an all time high comparable operating profit and increased orders in all business areas. The company anticipates that supply chain challenges and market uncertainties will continue. Orders received increased by 16% and totalled 1147 million euros and the order book amounted to 3732 million euros at […]

The Kito Group announces a record quarter for sales despite external economic challenges. During the first quarter cumulative period (1 April to 30 June 2022) of fiscal 2022, ending March 31, 2023, although global economic activity gradually began returning to normal following the coronavirus pandemic, the outlook remained unclear as a result of increases in […]

After a 50% growth in 2021, Easy Lift, has reported that the first six months of 2022 data are also on the rise compared to the first half of last year: 20% more machines have been sold and turnover has increased by 30%. The company’s growth in a time of global difficulty is said to […]

Faresin Industries has presented its Annual Report 2021 to the financial community. Sante Faresin, chairman of Faresin Industries, said “We are very satisfied with our 2021 results because we could confirm the development and growth trend of recent years with +17.9% on turnover and +27.6% on EBITDA. Net profit is also rising: up 12,2% compared […]

In a statement that condemns the war in Ukraine, Konecranes says, “We are saddened and upset by the war and deeply concerned for our over 400 Ukrainian employees and their families. Their safety and well-being are number one priority for Konecranes as a company, and the Konecranes community is supporting them and their compatriots through […]

The Bonfiglioli Group achieved €1 billion in sales in December 2021. To celebrate this corporate achievement at a time still economically marked by the pandemic, the Group has decided to donate €2 million to support three initiatives that focus on people, solidarity and sustainability, in line with the spirit and values that have guide the […]