Review by President and CEO at Cargotec's Annual General Meeting
In Cargotec's Annual General Meeting starting today at 3.00 p.m. (Finnish time) President and CEO Mikael Mäkinen will address the market situation and outlook for year 2007.
"The year 2007 has started in line with our expectations stated in conjunction with the release of our financial statements on January 30, 2007. Market activity has been high in the beginning of the year and our order intake has continued healthy. We expect healthy organic growth as achieved in 2006 to continue also this year. We have been active and successful in closing acquisitions in the first two months of the year. In our consolidating market we will continue with acquisitions which, in addition to organic growth, form part of our growth strategy. Taking into account the acquisitions done and those on-going Cargotec's net sales growth is expected to clearly exceed the targeted 10 percent level in 2007", states Cargotec's President and CEO Mikael Mäkinen.
The CEO's presentation to the AGM is available at www.cargotec.com/investors, section Shareholder Meetings.
Senior Executive Vice President and CFO
SVP, Investor Relations and Communications
For further information, please contact:
Mikael Mäkinen, President and CEO, tel. +358 204 55 4262
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281
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 2.6 billion. The company employs close to 9,000 people and operates in approximately 160 countries. Cargotec's class B shares are quoted on the Helsinki Stock Exchange.