Asian demand lifts Kobelco crane sales

By Chris Sleight04 February 2014

Revenues for Kobelco Cranes were up 22% to JPY 39.8 billion (US$ 393 million) in the first nine months of the fiscal year to March 31, compared to JPY 32.7 billion (US$ 323 million) for Q1-3 of fiscal 2012. Ordinary income for the first nine months of the year stood at JPY 2.5 billion (US$ 25 million), compared to the loss of JPY 1.2 billion (US$ 12 million) of a year ago.

The company said this rise in sales was due to buoyancy in its domestic market and elsewhere in Asia, which offset weakness in Europe.

“Unit sales increased in Japan on the back of monetary, fiscal and other government economic measures and reconstruction demand from the Great East Japan Earthquake. In overseas markets, unit sales decreased in Europe but increased in Southeast Asia,” it said in a statement.”

Kobelco added that it expected full-year sales of cranes to come in at JPY 56 billion (US$ 553 million), which would represent a 23% increase on the fiscal 2012 figure of JPY 45.5 billion (US$ 449 million). Ordinary profit for the year is expected to come in at JPY 3 billion (US$ 30 million), compared to 2012’s loss of JPY 2.2 billion (US$ 22 million).

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Crane Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Long Reads
Post-pandemic demand lengthens delivery times for construction equipment
Government stimulus measures following the global pandemic have led to a surge in demand for construction equipment
Technology paves the way for driving 3D development
What is 3D modelling and what is it used for? Discover more at SC&RA Workshop
PREVIEW: SC&RA Crane & Rigging Workshop
The 2021 Crane & Rigging Workshop will be held September 14-16 at the Hyatt Regency Chicago, USA
CONNECT WITH THE TEAM
Alex Dahm Editor, International Cranes and Specialized Transport Tel: +44(0) 1892 786 206 E-mail: alex.dahm@khl.com
Mike Posener Sales Manager Tel: +353 860 431 219 E-mail: mike.posener@khl.com
CONNECT WITH SOCIAL MEDIA