Germany: Demag Cranes Publishes Q3 Financial Results

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).

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Source: Demag Cranes, August 20, 2012