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Press release

CEO review at Cargotec's Annual General Meeting: Outlook for 2017 unchanged

3/21/2017

CARGOTEC CORPORATION, PRESS RELEASE, 21 MARCH 2017 AT NOON (EET)
 
CEO review at Cargotec's Annual General Meeting: Outlook for 2017 unchanged

Cargotec Corporation's Annual General Meeting will begin today, 21 March 2017, at 1.00 p.m. Finnish time in Helsinki, Finland. In his review, CEO Mika Vehviläinen will concentrate on financial result in 2016, strategy development, sustainability as a competitive advantage for Cargotec, and about 2017 outlook. In addition, Cargotec's significant investment in research and development will be presented. The CEO review does not include any material new information about Cargotec's business development.
 
CEO Vehviläinen will reiterate Cargotec's 2017 outlook published on 8 February 2017: Cargotec's operating profit excluding restructuring costs for 2017 is expected to improve from 2016 (EUR 250.2 million).
 
Cargotec's strategic areas of focus are services, digitalisation and leadership. In his review, CEO Mika Vehviläinen will go through the main strategic achievements in 2016. In his financial remarks he will give insight into Cargotec's exceptionally good operating profit (excluding restructuring costs) and strong cash flow.
 
The presentation material will be available at www.cargotec.com by 1.00 p.m. A video recording of the CEO review is available at Cargotec's website within coming days.
 
For further information, please contact:
Hanna-Maria Heikkinen, Vice President, Investor Relations, tel. +358 20 777 4084
 
Cargotec (Nasdaq Helsinki: CGCBV) is a leading provider of cargo and load handling solutions with the goal of becoming the leader in intelligent cargo handling. Cargotec's business areas Kalmar, Hiab and MacGregor offer products and services that ensure our customers a continuous, reliable and sustainable performance. Cargotec's sales in 2016 totalled approximately EUR 3.5 billion and it employs over 11,000 people. www.cargotec.com