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Research update: Demag Cranes AG

May 08, 2008



Confident prospects

Demag Cranes reported solid first half results to March 2008. Sales rose by 15.1% to €573m. Net profits though jumped by 76% to €37.1m. The positive start to the year has encouraged the industrial and mobile harbour cranes and hoists manufacturer to raise its full year adjusted EBIT forecast to...


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Research update: Demag Cranes AG

January 30, 2008



Recession resistant

Demag Cranes is a leading manufacturer of industrial and mobile harbour cranes and hoists offering advanced systems and solutions. A large installed base is supported by a global service and distribution network. First quarter results to December 2007 show the group has recovered...


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Research update: Demag Cranes AG

September 20, 2007



Major rebound potential, once confidence returns

Demag Cranes is a leading manufacturer of industrial and mobile harbour cranes and hoists offering advanced systems and solutions. A global service and distribution network offers components, maintenance and refurbishment. A surprise profit warning in mid-July on Port technology saw the shares plunge by over 40% with a continued high level of uncertainty.

Share price. The shares had more than doubled after listing in June 2006 reaching a high of €53 in July 2007. Poor planning combined with over...


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Research update: Demag Cranes

January 30, 2007



Lifting earnings

Demag Cranes is a leading manufacturer of industrial and harbour cranes and hoists offering advanced systems and solutions. The group is focused mainly on the premium market for high requirement customers with the two key brands ...


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