The family-owned business doesn’t release detailed figures. However, its report for 2007 says mobile crane turnover rose by 18.4% to EUR1,626m. Turnover for construction cranes and mixing equipment (grouped together in a single division) was up by 28.4% to EUR910m: this was the most rapid growth of any of the company’s divisions. Overall, the company made EUR7,491m, up 15.7%.
Western Europe lead the construction and mixing technology division, with sales in Germany growing 40%, mainly pushed by crane sales. The company said sales in Eastern Europe were up 70%, lead by Poland and Romania. It expects to continue to see strong growth in this region, and in Russia.
Across the Atlantic, results were less strong. The company said there was a ‘severe drop’ in tower crane sales in the US, hit by the Euro/Dollar exchange rate and the US credit crunch. However, positive results were achieved in South America, with Brazil and Chile both highlighted in the report.
