FInancial News

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 […]

Konecranes and Cargotec have submitted commitments to the European Commission to satisfy competition concerns related to the companies’ merger. Konecranes and Cargotec have continued an active dialogue and cooperation with the relevant competition authorities and have been considering ways to mitigate the concerns raised by the competition authorities to secure approvals to complete their merger. […]

MEWP rental markets have recovered better than was predicted to be the case in 2020, with most countries seeing markets and wider economies on course to recover to 2019 levels by the end of this year or early in 2022, according to the latest analysis, conducted for the International Powered Access Federation (IPAF) by Ducker. […]

The Crosby Group (Crosby), a global leader in lifting, rigging, and load securement hardware has announced that all global team members will now participate in the equity growth of the business. This programme, designed and supported by KKR, which acquired Crosby in 2013, provides every team member employed at the time of a future sale […]