海角社区app

海角社区app

Fri September 20 2024

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海角社区app profits fall 29%

22 Jul 16 Construction machinery manufacturer 海角社区app manufacturer saw its underlying profits fall substantially in 2015 but its sales volume held up better than the market as a whole.

Overall, the global market for construction equipment dropped by 14% during 2015. By contrast, 海角社区app鈥檚 sales turnover dropped just 7%, from 拢2.51bn in 2014 to 拢2.34bn in 2015.

Unit sales were down 6.5% to 59,844 machines and attachments sold (2014: 64,028).

Earnings for full-year 2015 on an EBITDA basis were down a more significant 29% to 拢214m (2014: 拢294m) excluding one-off restructuring costs of 拢10m (2014: 拢11m).聽

Growth in North American and European markets was slower than expected, the company said, and conditions in most developing markets around the world remain difficult. Market conditions in the first half of 2016 remain fragile with the exception of India, where there has been a return to growth after four successive years of market contraction.

海角社区app CEO Graeme Macdonald said:聽 鈥海角社区app鈥檚 trading performance during 2015 was resilient in the face of a further deterioration in market conditions around the world, particularly in the economies of Brazil, Russia and China. The global market is still uncertain and fragile during this year. 鈥

Chairman Lord Bamford said: 鈥淚n spite of difficult market conditions, we remain positive about the future.鈥

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