Konecranes Publishes Q2 Report

Konecranes said of the U.S. marketplace, “The offer base for industrial customers remains stable, but customers’ decision-making has become slower and there are less large-contract opportunities available,” in its latest financial report, published last week.

President and CEO Pekka Lundmark said: “Our overall performance in the second quarter of 2015 was largely in line with our own expectations. Service continued on its steady profit improvement path, and the full-year outlook for the business remains promising. Equipment business recovered after a loss making first quarter, but the result is still below target. Lift-truck business continued to be the best performing equipment business, with both volumes and profit increasing steadily.”

Outgoing Konecranes president and CEO Pekka Lundmark

He added: “Since this is the 41st and the last quarterly report that I publish as the president and CEO of Konecranes Plc, I would like to take this opportunity to thank all our customers, employees, shareholders, and other parties with whom I have had the pleasure to share this exciting journey. Konecranes is today a very different company than 10 years ago. Nevertheless, there is still so much to do. Digitalization will fundamentally change how world’s industries operate, and Konecranes is well-positioned to take advantage of this development. The material handling equipment and service market are still fragmented, and there are a lot of growth and consolidation opportunities, even in a scenario where the world economy would not drive any market growth.”