Industry | 2009.12.08
Demag Cranes’ Revenue and Earnings Down in Financial Year 2008/2009 due to the Economic Crisis - Group Set for the Future After Restructuring
DÜSSELDORF, Germany--(BUSINESS WIRE)--The 2008/2009 financial year of Demag Cranes AG (GER:D9C) was marked by adverse impacts of the economic and financial crisis. The ensuing downturn in the global economic climate reduced the propensity of our customers all over the world to invest, with our manufacturing segments, Industrial Cranes and Port Technology, being the hardest hit. As a result, Group order intake decreased by almost 36.4 percent. Thanks to a good order book from record financia
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