December 2009 - Clark Equipment reports steady sales in september quarter

Clark Equipment have reported sales of $51m during the September 2009 quarter, down 2% on the September 2008 quarter and down 7% on the June 2009 quarter sales number.

Managing Director, Robert Hammond stated;

“We are pleased with the results. There was substantial demand for our equipment pulled back by the Government stimulus package into the June 2009 quarter. To achieve these sales levels post 30 June cut-off is encouraging.”

“The result needs to be viewed in light of changed market conditions from the year before. Many of the equipment markets are off 30-50% on the year prior. The September 2008 quarter was effectively the last before the global financial crisis eroded equipment demand in Australia.”

“The introduction of the Doosan Construction line, and continued expansion of our retail distribution assisted us in this difficult economic environment with additional business opportunities.”

“Indications look as if sales revenue will be strong in the December 2009 quarter and will edge ahead of last year. Market conditions are not easing but we should look forward to gradual improvement in 2010.”