Konecranes posts Q2 2015 results

Konecranes operating profit improved in the second quarter, the company said in its press release.

SECOND QUARTER HIGHLIGHTS
- Order intake EUR 490.3 million (523.5), -6.4 percent; Service +14.3 percent and Equipment -16.9 percent.
- Service contract base value EUR 209.5 million (186.6), +12.3 percent; +3.4 percent at comparable currency rates.
- Order book EUR 1,100.4 million (1,029.9) at end-June, 6.8 percent higher than a year ago.
- Sales EUR 535.6 million (481.6), +11.2 percent; Service +17.3 percent and Equipment +6.2 percent.
- Operating profit excluding restructuring costs EUR 25.7 million (21.6), 4.8 percent of sales (4.5).
- Restructuring costs EUR 9.5 million (0.9).
- Operating profit including restructuring costs EUR 16.3 million (20.7), 3.0 percent of sales (4.3).
- Earnings per share (diluted) EUR 0.19 (0.20).
- Net cash flow from operating activities EUR 5.7 million (42.1).
- Net debt EUR 261.9 million (256.5) and gearing 59.9 percent (64.7).

JANUARY-JUNE HIGHLIGHTS
- Order intake EUR 1,009.1 million (962.8), +4.8 percent; Service +9.7 percent and Equipment +1.4 percent.
- Sales EUR 1,010.5 million (908.9), +11.2 percent; Service +15.5 percent and Equipment +7.2 percent.
- Operating profit excluding restructuring costs EUR 39.9 million (37.2), 3.9 percent of sales (4.1).
- Restructuring costs EUR 11.8 million (1.3).
- Operating profit including restructuring costs EUR 28.1 million (35.9), 2.8 percent of sales (4.0).
- Earnings per share (diluted) EUR 0.29 (0.35).
- Net cash flow from operating activities EUR -48.7 million (17.2).