FInancial News

Konecranes has reported its fourth consecutive quarter of record profitability, powered by solid sales growth and high performance across the whole organisation. Strong orders in the first half of the year, together with continuing traction from strategic initiatives have given Konecranes good momentum for the latter half of the year. President and CEO Rob Smith […]

Parts specialist TVH, a global player in the field of spare parts and accessories for lift trucks, industrial vehicles, construction and agricultural machinery, has found a partner in D’Ieteren Group for 40% of the shares. In October 2020, it was announced that TVH Parts was looking for a strong minority shareholder who is aligned with […]

In spite of the economic impact of the global pandemic, Jungheinrich was able to close the 2020 financial year on a very positive note. Incoming orders and sales were valued at EUR 3.8bn (previous year EUR 4.07bn) and earnings before interest and taxes (EBIT), an indicator of a company’s profitability, was listed at EUR 218m […]

In a presentation of its 2025+ strategy, Jungheinrich revealed it will focus on increasing profitability, efficiency and sustainability. Having achieved its strategic growth target for 2020 a year earlier than planned, the business now aims to create even greater sustainable value for its stakeholders in the coming years.  The new strategy detailed business ambitions including: […]

Following a slump in the global economy during the first half of 2020, recovery in the third quarter had a positive effect on Palfinger AG’s revenue and earnings development. Especially in Europe, Russia, China and Latin America, in the third quarter, markets stabilised and contributed to solid profitability. Order levels are currently at nearly at […]

Jungheinrich AG has published its result for the first half of 2020: the key figures have been heavily affected by the global market decline in material handling equipment that resulted from the coronavirus pandemic in the second quarter. Incoming orders were reduced by 12.3% to €1811 million in the first half of 2020. Revenue fell […]

As businesses around the UK work towards reopening and re-establishing their operations, there may be a tough road ahead for companies to return to good financial health. Referencing an article in The Times newspaper, analysis by the Office of National Statistics (ONS) shows that nearly half of all UK businesses do not have enough cash […]

Manitex International Inc a leading international provider of cranes and specialised industrial equipment, has announced that it has reduced its European bank debt by approximately €4.96M, effective from 20 July 2020. Improvements in working capital, via accelerated inventory turns and other operating cashflow that the company has generated since reporting its first quarter results has […]

Cargotec’s CEO Mika Vehviläinen says that the company’s half year financial report – from January to June 2020 – show that Cargotec has given a solid performance in an exceptional environment. He says, “The second quarter began in a very exceptional situation with the rapid spread of the coronavirus in our main market areas. The […]

Snorkel UK is helping the UK market to get back to work with its new ‘Kickstart’ program. The special financing program, which is available now until 31st August 2020, enables customers to benefit from no deposit and no payments for 6 months on any new Snorkel or Ruthmann Bluelift products, plus get immediate delivery on […]