Third quarter highlights for the company also included a 17.5 per cent rise in sales from EUR 450.9M (USD 584.8M) to EUR 529.8M (USD 687.1), while the order book revealed a profit of EUR 1.09bn (USD 1.41bn) at the end of September, 4.3 per cent higher than a year ago.

Operating profits were EUR 37M (USD 48M) compared to last year’s EUR 26M (USD 33.7M), and the company’s order intake was steady at EUR 458M (USD 594M), 0.1 per cent down from last year.

However Konecranes stated that macroeconomic uncertainties have increased and there are more signs of a weakening global demand due to the continuing crisis within the Eurozone and slower economic growth in some emerging markets. This is taking its toll on new inquiries.

Konecranes stated that based on its order book, the company forecasts that fiscal 2012 sales and operating profit will be higher than in 2011.