(Reuters) - Finnish industrial crane maker Konecranes (KCRA.HE) reported late on Thursday smaller-than-expected falls in second quarter sales and profits.
Konecranes’ second quarter sales dropped 11% to 704.7 million euros ($804.6 million), and adjusted operating profit before amortisation (EBITA) fell 14% to 57.5 million.
Analysts average forecasts stood for 658 million euros sales and for EBITA of 26 million, according to Refinitiv data.
Konecranes will report its full results for the April-June period on July 24.
It expects 2020 sales and profits to fall below last year’s level.
Reporting by Tarmo Virki;Editing by Elaine Hardcastle