29.05.2014

89% profit boost for Tadano

Tadano has reported its full year results which show an 89 percent jump in pre-tax profits on revenues up almost 35 percent.

Total revenues were ¥ 181.76 billion ($1.78 billion) 34.8 percent higher than last year, while pre-tax profits jumped 89 percent to ¥21.4 billion ($210.2 million).
Mobile crane sales were up 48.3 percent to ¥119.4 billion ($1.17 billion), while loader cranes sales improved 22.4 percent to ¥18.6 billion ($182.6 million) and aerial lift revenues increased percent to ¥15.7 billion ($154.1 million).
Domestic sales increased 43.8 percent to ¥38.3 billion (376 million) while overseas revenues were ¥81.16 billion ($796.7 million) an increase of 50.6 percent.

The company expects sales to increase a further five percent in 2014-15 to ¥192 billion ($1.88 billion)

Vertikal Comment

A very strong performance from Tadano which is really beginning to step up its overseas activities, and is showing signs of becoming more outgoing with its marketing and distribution, it is making solid progress with its market shares in both Europe and the USA. Given what the company has achieved this year, especially in the second half, its forecast for the 12 months to the end of March 2015 looks very conservative indeed.

We would not be surprised to see the company come much closer to the $2 billion level, it certainly has the potential to achieve this sort of level.