All Financial results Articles

While sales dropped 24% in 2009 at Cargotec, performance in the fourth quarter meant the year ended more positively

Soft conditions seen continuing this year in Europe and North America, with more robust growth elsewhere, particularly China.

United Rentals has managed to dramatically reduce its losses, reporting a US$26 million net loss for the final quarter of 2009 compared to a $853 million loss in the same quarter of 2008. Net losses for the full year were down to $62 million compared to $704 million for 2008.

Skanska reported sales in 2009 of SEK 136,8 billion (€ 13,3 billion), down -4,7% on the SEK 143,6 billion (€ 14 billion) recorded 12 months ago.

Manitou said it expected to see “mid to high single digit growth” in 2010 compared to 2009, although the first half of the year is unlikely to see any significant growth.

Atlas Copco's Construction and Mining Technique (CMT) division reported total sales of SEK 26 billion (€ 2,5 billion) for 2009, a - 18% decline compared to the SEK 32 billion (€ 3,13 billion) recorded at the end of 2008.

Finland-based Cargotec saw sales drop 24% during its 2009 financial year, which was marked by job cuts, factory reorganisation and company restructuring

Sales for 2009 at the Manitowoc Company were down 16% but there was still a net positive order flow in the crane segment at the end of the year

American house builder D. R. Horton has reported first quarter sales to 31 December 2009 of US$ 1.1 billion, up +23%

Sandvik Mining and Construction reported 2009 sales of SEK 32,6 billion (€ 3,2 billion)

Vinci reported 2009 full year sales of € 31,9 billion, down -4,6% on its 2008 revenues of € 33,4 billion.

JLG Industries' sales of aerial platforms and telehandlers fell by 45.6% to US$200.4 million for the final quarter of 2009, although JLG benefited from an additional $527.6 million in revenues by producing M-ATV military vehicles for its parent company, Oshkosh Corp. Sales of new aerial platforms and telehandlers fell by 60%.

Revenues fell –37% in 2009, but the world’s biggest construction equipment manufacturer expects +10% to +25% growth this year.

Revenues from construction equipment tumbled last year. Company remains cautions about 2010.

Palfinger suffered losses during its 2009 financial year but remains positive following restructuring measures and investments

IronPlanet reports gross equipment sales of US$ 458 million in 2009, an increase of +34% over 2008.

Order book has grown +9,6% since June.

Chinese crane and construction equipment manufacturer LiuGong opened a new crane factory and relocated its operations on 19 December 2009

Aggreko said that a better than expected final quarter of the year - particularly from its international power projects division - would push its revenues for the year up 7% to over £1 billion and operating profits up 27% to £260 million. On a constant currency basis, revenues are 5% down and profits 4% up.

Ashtead Group remained profitable during the six months to 31 October despite revenues falling 24% in the period. Pre-tax profits in the most recent quarter actually more than doubled to £10.4 million.