15.09.2020

Upbeat Hiab

Cargotec, owner of Hiab and Kalmar, has issued a positive third quarter trading statement.

The statement said the third quarter was 'better than expected', stating that order intake and operating profit have both improved compared to the second quarter.

It has also issued new guidance for the third quarter. It said: "Cargotec’s business development has continued well during July-August. We estimate orders received and comparable operating profit to increase compared to the second quarter 2020.”

“We estimate during the second half of the year that our business and operating environment will develop as follows. The recovery of market activity will, our delivery capability and our supply chain will continue to improve, and that our productivity improvements will support profitability in the future as well.”