FInancial News

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. […]

Manitou Group has released its first quarter results:  Q1 revenues for 2020 were €421m, down 25% compared to the same period last year. Order intake on equipment for Q1 2020 was €400m compared to €363m in 2019, the order book on equipment at the end of Q1 2020 at €648 million compared to €884 million […]

Konecranes reports that its order intake in the first quarter (Q1) of 2020 (January – March) reached €737 million that is a 13.1% fall on the same quarter last year. Orders declined in the Industrial Equipment and Port Solutions business sectors, partly offset by growth in the Service business sector. Excluding MHE-Demag, order intake declined […]

In light of the widespread uncertainty regarding the impact of the COVID-19 pandemic on global economic development, the board of management of Jungheinrich AG has decided to retract the forecast for the 2020 financial year published in the 2019 annual report. Jungheinrich says that the current spread of the pandemic in all regions of the […]

The International Powered Access Federation (IPAF) experienced a strong trading year in 2019, reporting growth across the board in terms of membership, training delivery and territories covered, leading to increased revenues, up 8.1% compared to 2018, according to the federation’s latest Annual Report. Once again, increased income from events (up almost 28%) and a 5.9% […]

At the end of the 2019 financial year, Jungheinrich had generated revenue of more than €4 billion. As a result, the company achieved its strategic growth target for 2020 a year earlier than planned. Incoming orders amounted to €3.92 billion, EBIT came to €263 million and EBIT return on sales amounted to 6.4%. Demand for […]

Jungheinrich continued to grow in the first nine of months of 2019 with revenue rising 10% to €2.97 billion. The main driver of this growth was the new truck business. Incoming order numbers fell to 94,100 units (previous year: 100,600 units), while the value of orders grew 1% to €3.01 billion. The forecast for 2019 […]

The Palfinger Group’s revenue climbed 10% year-on-year in the first three quarters of 2019, increasing from €1182.6 million to E€1300.6 million and reaching another record level in this reporting period. EBITDA saw double-digit growth of 18.7%, rising from €147.6 million to €175.1 million. While this improvement is a reflection of the Group’s solid business performance, it also […]