Engcon reports ‘better than expected’ summer sales

ENGCON is celebrating an ‘unexpected increase’ in sales during June and July despite the Covid-19 pandemic.

The tiltrotator specialist has revealed this summer’s sales figures have provided the business with a positive outlook, with the business now overseeing extra efforts to fulfil the delivery of additional orders.

Like most firms, Engcon was impacted by the Covid-19 crisis earlier in the year, with sales taking a hit and the firm forced to cancel and return early from CONEXPO in Las Vegas.

The company responded by implementing a range of measures, including cost savings, budget adjustments and prioritising efforts to streamline processes and working practices.

However, after summer sales figures proved better than expected, Encgon has been able to ramp up production to meet demand.

“For us, it is of the utmost importance to run the company in a serious and long-term way,” explained Krister Blomgren, CEO of Engcon Holding. “In uncertain times, we do what we can to minimise the effects if it should be a worst case scenario. But it turned out pretty soon that despite the pandemic, many excavator operators around the world continued their work with maintenance of railways, highways, forestry and building structures.

“We know that our products contribute to socially beneficial activities and these priorities around the world have therefore of course been favourable for us as a company. This is a strong contributing factor to our positive sales figures.”

In total, Engcon Group sales dropped by about 14% from January to July 2020, compared with the same period last year, while sales increased by 18% in the non-Nordic markets.

“Investing in a tiltrotator makes digging considerably more efficient, which means extra capacity to catch up with more jobs in hectic times,” Blomgren added. “It is wise to equip the business, regardless of whether you are a local excavation company or a large global corporation.”

The markets where sales rose significantly during the year were the UK, North America, Denmark and Australia.