30. November 2012
Demag Cranes AG, in which Terex Corporation holds a majority share and operates on the market as Terex Material Handling & Port Solutions, published its Annual Report today.
Demag Cranes’ order intake increased by 18.3% compared to financial year 2010/2011 to EUR 1,326.6 million, with all segments making a positive contribution. Demag Cranes also increased revenue year on year by 5.7% from EUR 1,062.3 million to EUR 1,123.3 million. The revenue forecast had been around EUR 1.1 billion. The Group’s operating EBIT amounted to EUR 89.2 million, a year-on-year increase of 17.9%. The operating EBIT margin stood at 7.9%.
For further information on financial year 2011/2012, please see our Annual Report online at
. As previously disclosed, Demag Cranes AG has changed its financial year to match the calendar year. Accordingly, it will have a short financial year from 1 October to 31 December 2012. From 1 January 2013, its financial year will be the calendar year.
About Terex Material Handling & Port Solutions
Through its Material Handling & Port Solutions business segment, Terex Corporation is one of the world’s leading suppliers of industrial cranes, crane components and services under the Demag brand, as well as port technology with a broad range of manual, semi-automated and automated solutions under the Terex® and Terex® Gottwald brands. Terex Material Handling & Port Solutions manufactures in 16 countries on five continents and operates a sales and service network in more than 60 countries.
Terex Corporation is a diversified global manufacturer of a broad range of equipment that is focused on delivering reliable, customer-driven solutions for many applications, including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy, utility and manufacturing industries. Terex reports in five business segments: Aerial Work Platforms; Construction; Cranes; Material Handling & Port Solutions; and Materials Processing. Terex offers financial products and services to assist in the acquisition of equipment through Terex Financial Services. More information can be found at