Cargotec's Interim Report for January-March 2007

- Orders received during the first quarter were record high
   totaling EUR 915 (1-3/2006: 805) million.
- The order book grew due to the strong order intake and on March
   31, 2007 totaled EUR 1,811 (December 31, 2006: 1,621) million.
- First quarter net sales grew by 13 percent and amounted to EUR
   694 (1-3/2006: 614) million.
- Operating profit improved to EUR 57.9 (1-3/2006: 50.9) million.
- Cash flow from operating activities before financial items and
   taxes totaled EUR 52.1 (1-3/2006: 40.6) million.
- Net income for the reporting period amounted to EUR 39.4
   (1-3/2006: 33.9) million.
- Earnings per share were EUR 0.62 (1-3/2006: 0.52).
- General market activity is expected to remain healthy.
   Development of the services business will continue during the year
   in line with Cargotec's strategy. Following the record high order
   intake in the first quarter Cargotec's full year 2007 order intake
   is expected to surpass net sales. Net sales growth including
   acquisitions is expected to clearly exceed 10 percent. Cargotec's
   operating margin in 2007 is expected to be on the level of last
   year's operating margin from operations before on-going growth and
   efficiency related investments as well as purchase price
   allocation treatment of acquisitions.

 

Cargotec's President and CEO Mikael Mäkinen:
"The amount of orders received during the first quarter is an
excellent achievement. The quarter profited from more big orders
than we had anticipated. Year 2007 is an important investment year
in order to achieve our strategic targets. During the beginning of
the year we have realized a sizeable number of important
acquisitions and, in line with our plans, initiated projects for
the further development of our services business and strengthening
of our knowledge base. These investments will affect operating
profit in the short-term but their positive impact will start to
materialize from next year."

 

An analyst and press conference

An analyst and press conference (in Finnish) will be arranged on
Monday, April 23, 2007  at 2.00 p.m. Finnish time at Cargotec's
head office, Sörnäisten rantatie 23, Helsinki.

The interim report will be presented by Cargotec's Senior Executive Vice
President and CFO Kari Heinistö.

An international telephone conference for analysts and investors
will be held at 4.00 p.m. Finnish time. The presentation material will be available on the
Company's internet pages by 2.00 p.m. Finnish time.

 

The conference call phone numbers are the following:
+1 617 614 3946 (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.

 

 

 

 

Cargotec is the world's leading provider of cargo handling
solutions whose products are used in the different stages of
material flow in ships, ports, terminals, distribution centers and
local transportation. Cargotec Corporation's brands, Hiab, Kalmar
and MacGREGOR, are market leaders in their fields and well-known
among customers all over the world. Cargotec's net sales are EUR
2.7 billion. The company employs approximately 9,000 people and
operates in close to 160 countries. Cargotec's class B shares are
quoted on the Helsinki Stock Exchange.