All Financial results Articles

Boom Logistics makes strides in pre-half year forecast
Boom Logistics has sought to reassure investors of its strength with a pre-half year financial result forecast, indicating that it will achieve a 2009 operating profit of AU$22 to 29 million (US$14.5 to 19 million). The projection was made by market analysts and initially reported at the company's annual general meeting in October.
Sandvik sales up but profits down
Sandvik Mining and Construction recorded a +17% rise (excluding currency effects) in fourth quarter sales to SEK 11 billion (€ 1 billion) compared to SEK 9 billion (€ 861 million) during the same period a year ago. Full year sales grew by +15% to SEK 39 billion (€ 3,6 billion) from SEK 33 billion (€ 3 billion).
Mixed results for Metso Minerals
Metso's Mining and Construction Technology division has recorded +5% growth in its fourth quarter net sales to € 717 million (US$ 923 million) compared to € 683 million (US$ 878 million) during the same period in 2007. Meanwhile operating profits in the fourth quarter have declined by -7% to € 91 million (US$ 117 million) from € 99 million (US$ 127 million) last year.
Vinci's 2008 sales up +10%
Vinci has announced full year Group sales of € 33,5 billion (US$ 43 billion), up +10% from 2007.
Atlas Copco sales and profits up despite declining demand
Atlas Copco's construction and mining division has recorded fourth quarter sales of SEK 8 billion (US$ 959 million) up +12% on the SEK 7.1 billion (US$ 853 million) during the same period in 2007.
Terex revises downwards its 2008 full year guidance
Terex Corp has revised downwards its full year guidance for 2008. In now expects earnings to be approximately 5% below the low end of its previous guidance of between US$5.69 and $5.79 per share. Terex’s earnings per share in 2007 were $5.85.
Cargotec reports a strong 2008 but a declining 2009
Sales grew 13% at Cargotec last year to €3.399 billion (US$4.361 billion), according to the company's 2008 financial review. Sales for services also grew to €871 ($1.118 billion), representing 26% of all sales, up from 25% in 2007
Harsco sees hope in infrastructure spending
US-based Harsco Corporation's access division reported a 13% decline in its fourth quarter sales in 2008 - falling to US$339 million - but forecast "modest growth" in its access business in the second half of 2009 as economic stimulus packages start to impact on infrastructure spending.
JLG sales fall almost 40% in final quarter of 2008
Oshkosh Corp reported an almost 40% fall in sales for JLG Industries in the three months to 31 December 2008 and an operating loss for the division of $47.0 million (€35 million), compared to a $61.1 million (€45.8 million) profit in the same period in 2007. Oshkosh said the figures reflected “substantially lower demand in North America and Europe as customers remained cautious with purchases.”
Manitou to intensify 'rightsizing' measures
Manitou said it will intensify its ‘rightsizing’ measures to reduce production capacity and cut costs in the face of the economic downturn which it forecast will result in a “significant” fall in sales for the first quarter of 2009.
Palfinger reacts to year end figures
Palfinger's preliminary results for 2008 showed a 14% increase in revenue due to a strong beginning to 2008 and three acquisitions. A 31% drop in earnings, however, reflected the weakening market and the accounting rules which apply to acquisitions, such as depreciation and impairment
Cat sales up but profits flat - 20000 job cuts planned
Caterpillar had record sales of US$ 51.3 billion last year, a +14.5% increase on 2007. However its net profits were unchanged at US$ 3.56 billion, due to a difficult fourth quarter.
Palfinger reacts pragmatically to year end figures
Palfinger's preliminary results for 2008 showed a 14% increase in revenue due to a strong beginning to 2008 and three acquisitions. A 31% drop in earnings, however, reflected the weakening market and the accounting rules which apply to acquisitions, such as depreciation and impairment.
United Rentals to make $1.1bn goodwill write-off
United Rentals is to make a US$1.1 billion write-off in its fourth quarter of 2008, reflecting mainly a reduction in value of the goodwill associated with acquisitions the company made between 1997 and 2000. The largest acquisition during the period was that of US Rentals in 1998.
Komatsu expects profit to halve
Komatsu has cut its net profit projection for the fiscal year ending on March 31 to JPY 110 billion (US$ 1.24 billion) - a -47.2% fall on t last fiscal year.
CNH construction profits down –71.2%
Operating profits on CNH's construction equipment sales fell -71.2% in 2008 to US$ 116 million, compared to US$ 412 million in 2007. Sales were down -11.1% to US$ 4.46 billion.
Speedy says profits lower on deteriorating UK market
A further deterioration of the general UK construction market has led Speedy Hire to lower its expectations for its financial year to 31 March 2009. The company is now forecasting a 21-31% fall in its pre tax profits for its financial year to 31 March with revenues similar to the previous year.
Sika continues growth in 2008
Negative currency effects failed to dampen Sika’s 2008 net sales as the Swiss chemicals Group reported a +1,1% increase on 2007, up to CHF 4,6 billion (€ 3,1 billion).
Ritchie bids for bright future
Ritchie Bros. Auctioneers announced gross revenue for 2008 of US$3.57 billion, a 12% increase over 2007
CRH predicts second half upturn
CRH expects that there will be an improvement in ‘sentiment and activity’ in the second half of 2009 as lower energy costs, the step-up in interest rate cuts and an infrastructure focussed stimulus package in the US begin to influence markets.
Load More