Tadano sales up 13% in first half of 2014 financial year

For the first half of the 2014 financial year Japanese crane manufacturer Tadano reported an increase in sales of 13.1 % to JPY 98,121 million (US$ 841 million) at the end of the second quarter (30 September), up from JPY 86,754 million ($ 743 million) in the same period of the 2013 financial year.

Sales were up across all Tadano product lines and groups – mobile cranes (including all terrains, truck cranes and rough terrains), truck loader cranes, aerial work platforms and other related equipment. By revenue mobile crane sales were up 14.1 %, truck loader cranes 16.6 %, aerial work platforms 14 % and other equipment (boom mounting and demounting systems) 6.2 %.

By geography increases were also posted everywhere except for the Asia and Oceania and other areas regions. Tadano claimed a global market share of the wheeled mobile crane market of 26.9 % in 2013. Its 2014 first half year share has increased from JPY 57,534 billion ($ 493 million) in 2013 to JPY 65,638 million ($ 562 million).

Revenue and profit was the highest ever recorded for the period, the manufacturer said. The latest results mark four consecutive years of increased revenue and profit. Tadano forecasts new highs for sales and profit. It expects an 8.9 % rise in total net sales to JPY 198,000 million ($ 1.696 billion) and net income up 14.5 % to JPY 16,500 million ($ 141 million).