Revenue
Group revenue amounted to EUR 931.3 million in financial year 2009/2010 and was therefore 11.1 percent down on the previous year (EUR 1,047.6 million). In financial year 2008/2009, Group revenue still included a high proportion of revenue from the sale of Process and Standard Cranes in the Industrial Cranes segment. While the orders for some of these cranes were received in financial year 2007/2008, the cranes were delivered to customers and the revenue recognised in financial year 2008/2009 after an average manufacturing time of six to twelve months. This explains the decline compared with the previous year.
|
1 October to 30 September |
||||
|
|
2009/2010 |
2008/2009 |
∆ |
2007/2008 |
|
Industrial Cranes |
440.8 |
545.8 |
–19.3 % |
571.2 |
|
Port Technology |
189.9 |
204.0 |
–6.9 % |
325.5 |
|
Services |
300.6 |
297.7 |
1.0 % |
329.1 |
|
Group revenue |
931.3 |
1,047.6 |
–11.1 % |
1,225.8 |
The segments were affected by the revenue decrease in financial year 2009/2010 in different ways:
In the Industrial Cranes segment, revenue dropped by 19.3 percent to EUR 440.8 million (2008/2009: EUR 545.8 million) due to the aforementioned greater proportion of high-revenue Process and Standard Cranes in the previous year.
In the Port Technology segment, revenue fell by 6.9 percent to EUR 189.9 million in financial year 2009/2010 (2008/2009: EUR 204.0 million), as a result of Mobile Harbour Crane orders left over from the record 2007/2008 financial year, which were not delivered and the revenue recognised until financial year 2008/2009. Furthermore, there was still a little revenue from our automated products in financial year 2008/2009.
At EUR 300.6 million, revenue in the Services segment remained almost unchanged from the previous year. However, revenue increased steadily over the course of the financial year, with the greatest quarterly revenue realised in the fourth quarter, when revenue from the refurbishment of crane systems in particular increased significantly.
Revenue is distributed among regions as follows:
Looking at the regional picture, we suffered decreases in revenue in almost all regions. Only the BRIC countries recorded an increase, with a revenue rise of 7.6 percent compared with the previous year. This positive development contributed to making the fall in revenue in emerging markets of 5.1 percent significantly lower than in mature markets, where revenue declined by 14.1 percent.
