Palfinger Marine in further Tranoscean knuckle boom sales
26 August 2014Palfinger Marine has delivered two more knuckle boom cranes to international offshore drilling services provider Transocean and has reported a growth in first half sales and profits.
A year after selling its first knuckle boom marine crane to Transocean, a PK 150002 MB, Palfinger Marine has sold another of the same model to Transocean with an reach of 8.9m and 9.5t lifting capacity, external control stand and meeting latest DNV and ATEX requirements. The crane's main work is general lifting and hoisting on the drillship.
It has also supplied Transocean with a heavy-duty foldable knuckle boom crane - a PFM 4500 ME, which is the largest of its type offered by Palfinger Marine.
To additionally support the oil and gas market, Palfinger Marine has opened an office in Houston, Texas and employed Louis LeBourgeois to cover the full range.
First half financial results for the Palfinger group show a 10% rise in revenue for its marine division. The results also show a 13.7% growth in group revenue to €540.1m, with European revenue up 17.5% to €377m.
Earnings before interest, tax, depreciation and amortisation (EBITDA) were up 7.5% to €58.1m.
The acquisitions of Nimet Srl and Systems/Megarme contributed around 50% to the group's revenue gain, while the Epsilon timber and recycling cranes business "stepped up revenue substantially".
Herbert Ortner, Palfinger AG CEO, said: "We continued to grow in Europe and managed to compensate for the first quarter slump caused by the harsh winter in North America."
