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Financials

Reporting changes

As of 1 January 2013, Cargotec's external financial reporting comprises of three reporting segments: MacGregor (Marine until 31 Dec 2012), Kalmar (Terminals unti 31 Dec 2012) and Hiab (Load Handling until 31 Dec 2012).

In addition, the Bulk Handling business was transfered from MacGregor business area to Kalmar business area as of 1 January 2013. Segment information for 2011 - 2012 has been restated accordingly.

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In October 2011, Cargotec announced plans to accelerate the implementation of its strategic initiatives by changing its operational model. Effective from 1 January 2012, Industrial & Terminal was divided into two new business areas: Terminals and Load Handling. Cargotec's Supply organisation was divided into the new business areas. Business areas Marina and Services will continue unchanged.

Cargotec's external financial reporting segments are Marine, Terminals and Load Handling. These changes were effective from 1 January 2012. Comparative figures will be provided before reporting the figures for Q1/2012.

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In June 2009, Cargotec announced the merger of Hiab and Kalmar business areas. As a result, two business areas were formed: Industrial & Terminal, comprising former Hiab and Kalmar business areas, and Marine, which comprises former MacGregor business area.
 
Cargotec will as of 1 January 2010 report financial information in two reporting segments: Industria & Terminal and Marine. On these reporting segments, Cargotec will disclose quarterly figures for orders received, order book, sales, operating profit and number of employees. In financial reporting the third business area, Services, will be included in the figures of these two reporting segments while its sales will continue to be reported as additional information.

In addition to segment reporting, Cargotec will continue to disclose quarterly sales and number of employees by geographical areas, which are EMEA (Europe, Middle East and Africa), Americas and Asia-Pacific.

The first interim report of 2010 to be published on 29 April 2010 will be prepared according to the new reporting segment structure. Cargotec's 2007-2009 financial information has been restated to comply with the new reporting segment structure. The restated comparison figures are available through the attached link.