Brief: Cargotec Outlook For 2023 Is Unchanged

Hiab Oyj

26/10/2023 07:24

Oct 26 (Reuters) - Cargotec Corp  CGCBV.HE :
    * CARGOTEC'S INTERIM REPORT JANUARY–SEPTEMBER 2023: GROWTH
CONTINUED IN SALES AND PROFITABILITY
    * OUTLOOK FOR 2023 UNCHANGED
    * OPERATING IN AN INCREASINGLY COMPLEX BUSINESS ENVIRONMENT
DUE TO
GEOPOLITICAL UNCERTAINTY, HIGH INTEREST RATES AND LOW CONSUMER
CONFIDENCE - CEO
    * PLANNED SEPARATION OF KALMAR AND HIAB PROGRESSING
ACCORDING TO
PLAN
    * Q3 IN KALMAR, DEMAND PICTURE WAS MIXED AND ORDERS RECEIVED
DECLINED BY 17 PERCENT YOY
    * IN HIAB, ORDERS RECEIVED CONTINUED TO BE AFFECTED BY
DELAYED
CUSTOMER DECISION MAKING, STEMMING FROM HIGH INFLATION AND
INTEREST RATES AS WELL AS EXTENDED TRUCK CHASSIS DELIVERY TIMES

Source text for Eikon:  ID:nGNE3h8fNC 
Further company coverage:  CGCBV.HE 

 (Gdansk Newsroom)
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