FInancial News

MEWP manufacturer Snorkel is back in profit after a strong sales quarter, according to one of its shareholders. Tanfield Group PLC, which owns a 49% interest in Snorkel International Holdings LLC, is reporting that Snorkel’s net sales in the third quarter rose 21% to $52.1 million from $42.4m in the third quarter of 2022. This […]

Hyster-Yale Materials Handling, Inc has reported that third-quarter 2023 lift truck revenues increased 19% to $1001.2 million over 2022 the same period in 2022 while consolidated unit shipments increased 5% to 25,700. Revenue growth was led by a significant increase in Americas unit and parts volumes combined with the favourable effect of previously implemented price […]

In a global aerial work platform market that remains as dynamic as ever, and where pressure on component supplies continues to decrease, Haulotte recorded historic half-year sales of €403.7 million up +40% on the previous year. This change is mainly due to the sharp rise in volumes sold and the positive impact of price increases. […]

BVS Cranes rang the bell in Borsa Istanbul as it became the first crane manufacturer at the Turkish stock exchange. The bell ringing ceremony of BVS Bülbüloğlu Crane Industry, the first Turkish company in the crane industry to go public, was postponed due to the earthquake in February, and was held on 17 July 2023. […]

Konecranes reported a strong financial performance in Q2 wit both orders received and sales growing year-on-year. CEO Anders Svensson said, “We posted a record-breaking Q2 comparable EBITA margin of 10.8%, powered by continued good delivery capability and a positive pricing impact. Our all-time high orderbook of 3.4 billion euros and continued strong performance provide a […]

BVS Cranes, the Turkish leader in crane manufacturing is going through an initial public offering (=IPO) in Borsa Istanbul. BVS Cranes was established in 1986 by Mech Eng Önder Bülbüloğlu and has been growing in size and turnover ever since, both at home and in international markets – with export going to 90 countries on […]

Since it was founded in 1992, CMC has continued to grow, establishing itself as a leading brand in the production of tracked aerial platforms. Now, private equity company Metrika SGR has invested in 70% of the company’s share capital, growth is expected to increase exponentially The partnerships aims to create added value for CMC’s investors […]

Cargotec’s interim report from July to September 2022 showed an all time high comparable operating profit and increased orders in all business areas. The company anticipates that supply chain challenges and market uncertainties will continue. Orders received increased by 16% and totalled 1147 million euros and the order book amounted to 3732 million euros at […]

The Kito Group announces a record quarter for sales despite external economic challenges. During the first quarter cumulative period (1 April to 30 June 2022) of fiscal 2022, ending March 31, 2023, although global economic activity gradually began returning to normal following the coronavirus pandemic, the outlook remained unclear as a result of increases in […]

After a 50% growth in 2021, Easy Lift, has reported that the first six months of 2022 data are also on the rise compared to the first half of last year: 20% more machines have been sold and turnover has increased by 30%. The company’s growth in a time of global difficulty is said to […]