The company said its electric wire rope hoist – NOVA – and electric chain hoist – SK – contributed to growth of 57% in contract volume.

SWF managing director Jürgen Dlugi said: “We have more than met our expectations.”

The company said it sold nearly 50% more crane component kits – Cranekit – compared to the previous year. Among the strongest export markets are eastern and southern Europe and the Middle East.