Double-digit increases for Cargotec’s Hiab, Kalmar, MacGregor

Share on facebook
Share on google
Share on twitter
Share on linkedin
Double-digit increases for Cargotec's Hiab, Kalmar, MacGregor

Sales at crane and material handling equipment manufacturer Cargotec, whom under its arm has brands like Hiab, Kalmar, MacGregor has reported an 11% of sales turnover in 2015. It has increased to €3,729 million in 2015 from €3,358 million in 2014. Operating profit was up, at €213 million (5.7% margin) from €127 million in 2015 (3.8%).

Splitting the sales into the three different brands,

  • Hiab sales increased 10% to €928 million
  • Kalmar sales increased 12% to €1,663 million
  • MacGregor sales increased 10% to €1,139 million

Related: Hiab X-HiPro 232 Loader Crane (20 tm)

Sales were higher in all geographical areas, Finland-headquartered Cargotec reported. The EMEA region’s share of the total declined to 40% from 43% a year earlier and APAC region’s share increased to 32% from 30% while the Americas market remained the same at 28%.

As a total in Cargotec, Hiab contributes 25% sales, MacGregor 30% sales while Kalmar took the remaining 45%. Hiab cranes and other materials handling equipment are used in road transport. Kalmar cranes and materials handling equipment are used in ports and other dockside environments while MacGregor makes cranes and other materials handling equipment used in the marine or offshore environment.

References

  1. Double-digit increase at Hiab, Kalmar, MacGregor, KHL, 19 February 2016.