PARTEK Corporation, parent company of loader crane manufacturer Hiab, has reported net sales up 25% to E651m for the first three months of 2001. Excluding acquisitions, growth was 10%.
Orders worth E624m were received in the quarter, compared with E555m in the first quarter of 2000. Operating profit was E22.4m, a decline from last year’s E30.2m for the equivalent period. The profit of the business areas before goodwill depreciation was E31.1m.
Partek’s acquisition of Dutch NHC Holding BV, which includes container crane and straddle carrier producer Nelcon and the service company Groot-Hensen, was completed in March. Net sales in container handling rose 50% to E185m, including E13m of sales from NHC Holding.
