All Financial results Articles

Haulotte's initial end of year results show a dramatic drop in sales compared to 2007 but revenue from outside Europe has grown, as has that from service.

Terex Cranes saw net sales rise 10% in the fourth quarter of 2008, amounting to US$729.4 million, compared to the same period in 2007. The growth was in stark contrast to the group's overall fortunes in the 2008 financial year

Sweden's Peab had a +8% increase in sales from SEK 32 billion (€ 2,9 billion) in 2007 to SEK 39 billion (€ 3,6 billion) last year.

Heavy lift and haulage specialist Tiong Woon Corporation Holding (TWC), based in Singapore, has achieved record profits in the first six months of its current financial year. Net profit after tax and minority interest totalled S$23.1 million (US$15.3 million) for the half year to 31 December 2008

Terex booked a US$ 460 million impairment charge in the fourth quarter of last year, giving it an operating loss of -US$ 392 million for the three months. It also says it is in danger of breaching its banking covenants, raising the risk of bankruptcy.

Terex AWP sales fell by 45% in the final quarter of 2008 with Europe the worst performer, down 60% compared to Q4, 2007.

Cramo managed to maintain its revenues in the last quarter of 2008 despite weakening demand, with sales in local currencies actually rising by 6.7% in the quarter. Sales for the year as a whole rose 16.8% to €579.8 million, although Cramo said the outlook was weakening and it did not expect to reach the same sales level in 2009.

Japanese, crane and aerial platform manufacturer, Tadano reports a 2% rise in sales to the end of its third financial quarter (31 December 2008) but a 31% drop in profit.

Preliminary results show Strabag had sales of € 13,7 billion last year, a +27,9% increase on 2007.

HeidelbergCement reported preliminary 2008 sales figures of € 14,2 billion, up +30% on the € 10,9 billion recorded in 2007. Operating income for 2008 also rose by +11% to € 2 billion, up from € 1,8 billion in 2007.

The Tanfield Group's cost cutting measures restore company to break-even position as share price rises

A 29% drop in sales in the fourth quarter limited Volvo Construction Equipment’s sales growth in 2008 to 5%. Europe was its worst hit region in the quarter with revenues falling 43%.

Volvo Construction Equipment had a +5% increase in sales last year to SEK 56 billion (€ 5,3 billion) compared to SEK 54 billion (€ 5 billion) in 2007.

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 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).

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 has announced full year Group sales of € 33,5 billion (US$ 43 billion), up +10% from 2007.

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 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.

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