All Financial results Articles

JLG Industries’ revenues for the third quarter of the year ending 30 June fell by 77% to US$211.2 million and the company made an operating loss of $71.2 million. The same quarter in 2008 saw revenues of $920 million and profits of $125 million.

Vinci's revenues for the first half of the year fell -3,2% to € 15,2 billion, with increases in international work being offset by falls in France.

Heidelberg Cement's revenues for the second quarter of the year were down -22,1% to € 3,01 billion, compared to the same period last year. Operating profits fell -26,8% to € 446 million.

Cemex's sales for the second quarter of the year were down -34% on the same period last year to US$ 4.19 billion.

Crane sales fell 39% at Manitowoc in the second quarter of 2009 compared with the same period in 2008 but there were still more new orders for cranes than cancellations and cost reduction programmes were in place

Acciona reported a net profit of € 1,2 billion for the first half of the year, a +343% increase on the same period last year, thanks to the slae of its stake in energy company Endesa.

Komatsu reported first quarter sales of JPY 320 billion (US$ 3.3 billion), down -47.2% on the JPY 606 billion ((US$ 6.3 billion) recorded 12 months ago.

Hitachi Construction Machinery reported first quarter sales to June 30 of JPY 132 billion (US$ 1.3 billion), down -43% on the JPY 233 billion (US$ 2.4 billion) recorded 12 months ago.

Skanska reported a second quarter operating profit of SEK 1,1 billion (€ 110 million), up +8,7% on the SEK 1 billion (€ 102 million) recorded 12 months ago.

Terex Corporation reported second quarter sales of US$ 1.3 billion, down -55% on the US$ 2.9 billion recorded for the same period last year.

CNH reported second quarter sales of US$ 547 million for its construction equipment division, down -62% on sales of US$ 1.4 billion 12 months previously.

Second quarter 2009 net sales at Terex Cranes were down US$342.8 million, 41.1%, to $491.0 million compared with the second quarter of 2008 but there was still operating profit, unlike the Corporation as a whole

Second quarter sales at Terex's Aerial Work Platform division fell by 72.2% to US$209.0 million and the division made an operating loss of $32.8 million in the period. Terex said it did not expect a recovery in the aerial platform market for another 12 months and that the division would continue to make losses until recovery begins.

Profits bounce back from first quarter loss, despite a -41% drop in revenues.

Volvo Construction Equipment's sales for the second quarter of 2009 were -45% lower than for the same period last year leading to an operating loss of -SEK 1,26 billion (€ 116 million).

Figures for the first half of 2009 at Cargotec show that demand for the Hiab, Kalmar and MacGregor lines of cranes remained at a low level

Revenues at the Lavendon Group fell 13% of a constant currency basis for the first five months of the year, with the UK, Belgium, France and Spain performing worst. In UK currency, total sales fell by just 5% for the five months and the company said its resilience against current economic conditions had improved during the period.

Aggreko said its local rental businesses in Europe and North America had deteriorated in the second quarter, with temperature control equipment most affected.

Liebherr's crane divisions faired better than others in the group's 2008 financial review. However, they did not escape the downward trend towards the end of the year or the general concerns for 2009

Ashtead Group said it expected the recession to accelerate the trend towards rental, particularly in the US, with contractors responding to financial constraints and uncertain order books by outsourcing more of their equipment needs.