Cargotec Reiterates Outlook For 2024
April 30 (Reuters) -Cargotec Corp CGCBV.HE:
OUTLOOK REITERATED
WE DELIVERED BEST Q1 IN CARGOTEC'S HISTORY
WE FORESEE EUR 60 MILLION ANNUAL SAVINGS FOR CARGOTEC IN TOTAL IN 2024 INSTEAD OF ORIGINAL ESTIMATE OF EUR 50 MILLION
Q1 ORDER BOOK AMOUNTED TO EUR 1,799 (31 DEC 2023: 1,788) MILLION
Q1 KALMAR'S SALES DECLINED BY 10 PERCENT FROM PREVIOUS YEAR AND AMOUNTED TO EUR 439 MILLION, IMPACTED BY LOWER ORDER INTAKE IN SECOND HALF OF LAST YEAR
Q1 KALMAR'S COMPARABLE OPERATING PROFIT MARGIN INCREASED TO 13.5 PERCENT AS COST SAVING ACTIONS ANNOUNCED IN OCTOBER LAST YEAR OFFSET DECLINE IN SALES
HIAB'S SALES DECREASED SLIGHTLY TO EUR 415 MILLION WHILE SERVICE SALES CONTINUED TO GROW
MACGREGOR'S SALES INCREASED BY 29 PERCENT TO EUR 203 MILLION, DRIVEN BY INCREASED DELIVERIES TO MERCHANT VESSELS
REDUCTION OF NET DEBT TO EUR 57 MILLION
Source text for Eikon: ID:nGNE71Kc2v
Further company coverage: CGCBV.HE
(Gdansk Newsroom)
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