Tadano up nearly 16%

By Alex Dahm08 August 2019

Koichi Tadano makes a speech on 01 August 2019, the first day of Tadano's ownership of Demag

Koichi Tadano makes a speech on 01 August 2019, the first day of Tadano’s ownership of Demag

Consolidated net sales at crane and access platform maker Tadano were up 15.7 per cent to JPY40,376 million (US$ 366 million) in the April to June 2019 quarter, from JPY 34,894 million ($ 317 million) in the same period of 2018.

Operating income was JPY 1,440 million ($ 13 million) or 3.6 %, down by JPY 836 million ($ 7.6 million) from the JPY 2,277 million ($ 20.7 million) or 6.5 %, in the same quarter a year earlier.

By product type mobile crane sales were up 23.6 % to JPY 23,396 million ($ 212 million), accounting for 58 % of the total. Truck loader crane sales were up 28.7 % to JPY 5,584 million ($ 50.7 million) and 13.8 % of the total. Aerial work platform sales were down 7.7 % to JPY 4,002 million ($ 36.3 million) and 9.9 % of the total.

In terms of geography Japan was the origin of 52.6 % of the total sales, down from the 53.6 % in the same quarter of 2018. Of the remaining 47.4 % total outside Japan the largest market, with 14 % of the total, was North America, up 1.9 %, followed by Europe at 11.1 % and up 12.6 %. Asia was up 18.6 % with 9 % of the total.

In outlook, for the first six months of 2019 from April, Tadano forecasts mobile crane sales to increase by 30.3 % to JPY 63,200 million ($ 574 million). Aerial work platform sales in the same period are forecast to increase 7.5 % to JPY 9,900 million ($ 89.8 million).

Note exchange rate used in this story: JPY 110.2 = US$ 1.

 

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