Double-digit increases at Hiab, Kalmar, MacGregor

Sales at crane and materials handling equipment manufacturer Cargotec (Hiab, Kalmar, MacGregor brands) for 2015 increased 11 % to €3,729 million from €3,358 million in 2014. Operating profit was up, at €213 million (5.7 % margin), from €127 million in 2014 (3.8 %).

By division, Hiab sales increased 10 % to €928 million in 2015. Kalmar sales increased 12 % to €1,663 million. MacGregor sales were up 10 % to €1,139 million.

Sales were higher in all geographical areas, Finland-headquartered Cargotec reported. The EMEA region’s share of the total declined to 40 % from 43 % a year earlier and the Asia Pacific region’s share increased to 32 % from 30 % while the Americas remained unchanged at 28 %.

Of the Cargotec total, Hiab sales are 25 %, MacGregor 30 % and Kalmar the remaining 45 %. Hiab cranes and other materials handling equipment are used in road transport. Kalmar cranes and materials handling equipment are used in ports and other dockside environments while MacGregor makes cranes and other materials handling equipment used in the marine or offshore environment.