FInancial News

Hyster-Yale Materials Handling, Inc has reported that third-quarter 2023 lift truck revenues increased 19% to $1001.2 million over 2022 the same period in 2022 while consolidated unit shipments increased 5% to 25,700. Revenue growth was led by a significant increase in Americas unit and parts volumes combined with the favourable effect of previously implemented price […]

The Ai Group Australian Industry Index fell in June 2023, losing 1.1 points to -11.9 points (seasonally adjusted). This indicates contractionary conditions. The index has been in contraction for the last fourteen months. The contraction indicated by the Ai Group Australian Industry Index continued in June. The index has indicated contracting conditions for fourteen months […]

The Ai Group Australian Industry Index was in contraction in May 2023 but to a lesser extent than April, as the decline eased 9.3 points to -10.9 points (seasonally adjusted). This indicates deteriorating conditions. The index has been in contraction for the last 13 months.   Key findings for May 2023: Industry continued to report […]

The national employer association Australian Industry (Ai) Group is pleased to announce the launch next week of a new monthly indicator of business performance covering a cross section of industry sectors to be known as the Ai Group Australian Industry Index. The first release of the Ai Group Australian Industry Index will be on Tuesday […]

The Turkish leader in crane manufacturing, BVS Crane, is going through an initial public offering (=IPO) in Borsa Istanbul. BVS Cranes was established in 1986 by Mech Eng Önder Bülbüloğlu and has been growing in size and turnover ever since, both at home and in international markets – with export going to 90 countries on […]

In its interim report from July to September 2022 Cargotec was able to disclose an all time high comparable operating profit and increased orders in all business areas. The company anticipates that supply chain challenges and market uncertainties will continue. Orders received increased by 16% and totalled 1147 million euros and the order book amounted […]

The Kito Group announces a record quarter for sales despite external economic challenges. During the first quarter cumulative period (1 April to 30 June 2022) of fiscal 2022, ending March 31, 2023, although global economic activity gradually began returning to normal following the coronavirus pandemic, the outlook remained unclear as a result of increases in […]

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) rose by 1.6 points to 54.0 in June, indicating mild growth as the index recorded a fifth consecutive month in expansion (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). Innes Willox, chief executive of Ai […]

Faresin Industries’ Annual Report for 2021 shows positive results for the company. Sante Faresin, chairman of Faresin Industries, said “We are very satisfied with our 2021 results because we could confirm the development and growth trend of recent years with +17.9% on turnover and +27.6% on EBITDA. Net profit is also rising: up 12,2% compared […]

Konecranes operates a crane and component factory in Zaporizhzhia, in the south-eastern part of Ukraine. The factory is one of the Industrial Equipment supply factories for crane components and a crane manufacturing unit for Eastern Europe deliveries. It also offers extra capacity for Konecranes’ western crane deliveries specialising in large steel structures. In addition, Konecranes […]