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Press Release

Cargotec's Interim Report for January-June 2006

7/19/2006

- Orders received during the first half of the year totaled EUR
  1,591 (1-6/2005: 1,216) million. During the second quarter, orders
  received were EUR 786 (4-6/2005: 571) million.
- The order book on June 30, 2006 totaled EUR 1,544 (December
  31, 2005: 1,257) million.
-Net sales amounted to EUR 1,275 (1-6/2005: 1,162) million
  with EUR 661 (4-6/2005: 612) million attributable to the second
  quarter.
- Operating income was EUR 111.7 (1-6/2005: 84.9) million with
  EUR 60.7 (4-6/2005: 48.2) million attributable to the second
  quarter.
- Cash flow from operating activities before financial items
  and taxes totaled EUR 113.0 (1-6/2005: 15.6) million.
- Net income for the reporting period amounted to EUR 74.6
  (1-6/2005: 55.6) million.
- Earnings per share were EUR 1.16 (1-6/2005: 0.86).
- Cargotec's market situation is expected to continue good.
   Following a record first half of the year the order intake during
   the second half of 2006 is expected to be at last year's healthy
   level. Due to the strong order book at the end of June Cargotec's
   net sales for year 2006 are estimated to exceed EUR 2.6 billion.
  The operating income margin from operations is estimated to exceed
  8 percent.
 
The comparison figures presented in this Interim Report for
January-June 2005 are pro forma figures.
 
Cargotec's President and CEO Mikael Mäkinen:
"We are extremely satisfied with our development during the first
half of the year. Especially second quarter profitability exceeded our
expectations. The strong order intake of the first half reflects our
success in contracts signed. Our service business also
continued to grow strongly as we have targeted.  My understanding
that Cargotec has a lot of potential to further develop and grow
the business has strengthened during the summer. The good financial
performance gives a solid platform for this work," states
President and CEO Mikael Mäkinen.
 
Analyst and press conference
 
An analyst and press conference (in Finnish) will be arranged on
July 19, 2006 at 1.30 p.m. Finnish time at Cargotec's head office,
Sörnäisten rantatie 23, Helsinki.
 
An international telephone conference for analysts and investors
will be held at 4 p.m. (GMT +3) Finnish time. The presentation
material will be available on the Company's internet pages from
1.30 p.m. Finnish time. The conference call phone numbers are the
following:
+1 617 213 8897 (if calling from the U.S.)
+44 20 7365 8426 (if calling from rest of world)
Access code: Cargotec Corporation
 
The telephone conference can also be viewed as a live audio
webcast through the internet pages at www.cargotec.com starting at
4.00 p.m. Finnish time. The archived webcast will be available on
the internet pages later the same day.
 
The full report including tables can be downloaded from the link below.
 
Sender:
Cargotec Corporation
 
Kari Heinistö  
Senior Executive Vice President and CFO            
 
Eeva Mäkelä
SVP, Investor Relations and Communications

For further information please contact:
Kari Heinistö, Senior Executive Vice President and CFO, tel. +358
204 55 4256
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358
204 55 4281

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