FINLAND’s cargo handling manufacturing giant cargotec increased January-September year-on-year operating profit 31 per cent to EUR243.1 million (US$244.7 million), drawn on revenues of EUR1.04 billion, up 27 per cent.
‘The performance of the core businesses of our re-focused strategy, Hiab and new Kalmar, continued to be strong,’ said Cargotec CEO Mika Vehvilainen.
‘Following this, we made record results in comparable operating profit, order book, sales, and service sales.
Our third quarter comparable operating profit was an all-time high, and the combined comparable operating profit for the three first quarters was as much as EUR12 million higher than the whole of last year.
‘We are therefore specifying our outlook for the rest of the year: we expect the comparable operating profit for 2022 to improve to EUR320 million to EUR350 million from EUR232 million in 2021.
