Demag Cranes publishes Interim Management Statement in the second half-year of 2011/2012

Düsseldorf,   07. August 2012

 
Düsseldorf, Germany, 7 August 2012. Today, Demag Cranes published its Interim Management Statement in the second half-year of 2011/2012. Compared to the previous year's period, our Group was able to increase its key reporting indicators: Group order intake, Group revenue and operating EBIT.
 
Group revenue grows 7.7% year on year
The Demag Cranes Group generated order intake of EUR 280.5 million in the third quarter of financial year 2011/2012 (Q3 2010/2011: EUR 260.3 million). This represents an increase of 7.7%. In the first nine months of financial year 2011/2012, Group order intake came to EUR 832.4 million. This represents growth of 11.6% on the first nine months of financial year 2010/2011 (Q1-Q3 2010/2011: EUR 746.1 million).
 
Operating EBIT at Group level up 11.2% year on year
Operating EBIT at Group level came to EUR 20.8 million in the third quarter of financial year 2011/2012, an increase of 11.2% year on year (Q3 2010/2011: EUR 18.7 million). On a nine-month basis, operating EBIT improved by 20.3% from EUR 45.8 million to EUR 55.1 million.
 
Order intake and order book
Group revenue in the third quarter of financial year 2011/2012 was EUR 474.4 million, 71.1% higher than in the previous year’s quarter (Q3 2010/2011: EUR 277.3 million). In the first nine months, order intake of EUR 1,073.1 million was generated at Group level, an increase of 27.9% compared to the same period of the previous year. The order book stood at EUR 582.0 million as at 30 June 2012, a plus of 47.5% over the previous year’s reporting date (30 June 2011: EUR 394.5 million).
 
 
 
About Demag Cranes
The Demag Cranes Group is one of the world's leading suppliers of industrial cranes and crane components, harbour cranes and terminal automation technology. Services, in particular maintenance and refurbishment, are another key element of the Group’s business activities. The Group is divided into the business segments Industrial Cranes, Port Technology and Services and has the strong and well established Demag and Gottwald brands. Demag Cranes sees its core competence in the development and construction of technically sophisticated cranes and hoists as well as automated transport and logistics systems in ports and terminals, the provision of services for these products and the manufacture of high-quality components.
 

As a global supplier, Demag Cranes manufactures in 16 countries on five continents and operates a worldwide sales and service network that is present in over 60 countries through its subsidiaries such as Demag Cranes & Components GmbH and Gottwald Port Technology GmbH, agencies and a joint venture. In financial year 2010/2011, the Group, with its 6,115 employees, generated revenue of EUR 1,062.3 million. Since August 2011, the Terex Group in the United States has held a majority share in the company.

 
Demag Cranes AG. We Can Handle It.

 


 

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