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 […]
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. […]
08/05/2020 - 12:36 pm
LHI April 2021
In this month's issue
Manual hoists and winches
IPAF Summit and Awards plus the ePAL app.
Face Time: Joel Cox, president of Pintsch Bubenzer USA.
The drive to electrify aerial lifts continues.
The Insider, service as part of the recovering economy.