FInancial News

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 […]

In the first three months of the year Jungheinrich’s incoming orders were of the same level value as the previous year. The company’s Q1 2020 results showed that incoming orders by unit fell by 3% compared to the same period last year, while the global market for material handling equipment fell by 9%. Jungheinrich’s revenue […]

After a 2% increase in turnover last year, igus is currently registering different signals from the market. While sales declined in the first four months due to the Corona situation, incoming orders have so far remained almost stable. The company says that interest in motion plastics, which improve technology and reduce costs, is increasing markedly. […]

Manitou Group has released its first quarter results:  Q1 revenues for 2020 were €421m, down 25% compared to the same period last year. Order intake on equipment for Q1 2020 was €400m compared to €363m in 2019, the order book on equipment at the end of Q1 2020 at €648 million compared to €884 million […]

Konecranes reports that its order intake in the first quarter (Q1) of 2020 (January – March) reached €737 million that is a 13.1% fall on the same quarter last year. Orders declined in the Industrial Equipment and Port Solutions business sectors, partly offset by growth in the Service business sector. Excluding MHE-Demag, order intake declined […]

In light of the widespread uncertainty regarding the impact of the COVID-19 pandemic on global economic development, the board of management of Jungheinrich AG has decided to retract the forecast for the 2020 financial year published in the 2019 annual report. Jungheinrich says that the current spread of the pandemic in all regions of the […]

The International Powered Access Federation (IPAF) experienced a strong trading year in 2019, reporting growth across the board in terms of membership, training delivery and territories covered, leading to increased revenues, up 8.1% compared to 2018, according to the federation’s latest Annual Report. Once again, increased income from events (up almost 28%) and a 5.9% […]

At the end of the 2019 financial year, Jungheinrich had generated revenue of more than €4 billion. As a result, the company achieved its strategic growth target for 2020 a year earlier than planned. Incoming orders amounted to €3.92 billion, EBIT came to €263 million and EBIT return on sales amounted to 6.4%. Demand for […]