“Many customers are interested in large scale maintenance service outsourcing deals when times are bad, to improve productivity and reduce costs,” Lundmark said, “Several infrastructure segments where we have a strong position, are also likely to continue investments in a downturn. There are several geographical markets in the world where we do not have sufficient coverage. We intend to continue to increase our market share organically, but a weak economy opens up attractive opportunities for acquisitions.”

The company reported Q3 orders up 1.9% year-on-year to EUR519.9m, with outstanding ordrs up 34% to EUR1,065.2m. Sales were up 22.6% to EUR520.4m. Around a quarter of orders were paid in advance. Service sales were EUR187.2m, standard lifting EUR206.7m, and heavy lifting EUR160.5m.