As far as the more recent spin-off goes, cargo-handling machinery maker Cargotec (OMX: CGCBV) also grew sales by a lofty amount and maintains 2011 guidance in its interim report. The company received 761 million Euros worth of orders and generated an operating profit of 54 million Euro. The company’s stock has backpedalled a bit for the week.
Cargotec has been expecting roundabout 20 percent sales growth and does not budge on that but does note that healthy H1 order intake in Terminal and Marine segments supports a more positive growth expectation. Cargotec also noticed cost pressure on the markets and expects operating profit margin of around 7%.
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