Cargotec Results for 2019 and Financial Statements - Snapshot – Heavy Lift News
19 Feb 2020

Cargotec Results for 2019 and Financial Statements – Snapshot

A snapshot of Cargotec’s performance:

Kalmar and Hiab had an excellent year, while MacGregor was loss-making. The service business developed well, and our order book is strong. Cash flow increased significantly.

The comparable operating profit for 2019 increased by nine percent from the comparison period to EUR 264.4 million, representing 7.2% of sales.  Sales increased by 11 percent to EUR 3,683 million. Cash flow increased to EUR 361.1 million. Our orders received declined slightly while our order book increased by five percent to EUR 2,089 million.

Service sales increased by 8 percent to EUR 1,062 million, and software sales by 15 percent to EUR 168 million. Service and software sales
represented 33 percent of our sales.

 

The full Cargotec Annual Review 2019 can be found on this link

Source Cargotec

 

 

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