Konecranes reported that its operating profit for the first quarter of the year decreased, compared to the same period last year, to US$92.9 million.
Additionally, the Finnish port equipment manufacturer said its comparable earnings before interest, taxes, and amortization (EBITA) reached US$104.8 million, while the company’s EBITA margin increased to 10.6% for the same period.
Konecranes noted that the increase in the comparable EBITA margin was mainly attributable to higher sales volumes and pricing.
Moreover, sales of the company increased by 33.8%, reaching US$987.9 million, while order intake also increased by 17.5%, climbing to US$1.4 billion. Furthermore, the order book rosed at the end of March by 32%, reaching US$3.6 billion.
