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Stock Exchange release

Cargotec's comparison figures for 2007-2009 in accordance with the new reporting segment structure

3/23/2010

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 23 MARCH 2010 AT 11:30 A.M. (EET)

 

As announced earlier, Cargotec will as of 1 January 2010 report financial information in two reporting segments: Industrial & Terminal, comprising former Hiab and Kalmar, and Marine, comprising former MacGregor. On these reporting segments, Cargotec will disclose quarterly figures for orders received, order book, sales, operating profit and number of employees.

 

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 below are also available in excel format at www.cargotec.com/Financials/Reporting changes

  

Orders received, MEUR Q1/2009 Q2/2009 Q3/2009 Q4/2009 2009 2008 2007
Industrial & Terminal 361 317 278 304 1,260 2,376 2,410
Marine 96 155 158 160 569 1,393 1,696
Internal orders received 0 0 0 0 -1 -1 0
Total 456 471 437 464 1,828 3,769 4,106
Order book, MEUR Q1/2009 Q2/2009 Q3/2009 Q4/2009 2009 2008 2007
Industrial & Terminal 759 652 586 546 546 868 919
Marine 2,013 1,903 1,785 1,604 1,604 2,187 1,946
Internal order book 0 0 0 0 0 0 0
Total 2,772 2,555 2,371 2,149 2,149 3,054 2,865
Sales, MEUR Q1/2009 Q2/2009 Q3/2009 Q4/2009 2009 2008 2007
Industrial & Terminal 457 421 331 364 1,573 2,414 2,270
Marine 218 257 229 305 1,009 985 748
Internal sales 0 0 0 0 -1 0 0
Total 675 678 559 669 2,581 3,399 3,018
Operating profit, MEUR Q1/2009 Q2/2009 Q3/2009 Q4/2009 2009 2008 2007
Industrial & Terminal 5.6 -6.3 -7.3 -2.3 -10.3 139.0 179.2
Marine 18.4 23.3 22.9 40.5 105.2 83.6 59.4
Corporate admin and other -9.0 -14.0 -4.0 -6.5 -33.5 -29.8 -17.5
Operating profit from operations 15.0 3.0 11.6 31.7 61.3 192.8 221.1
Non-recurring items* -8.8 -13.1 -14.9 -24.3 -61.1 -19.1 -18.0
Total 6.2 -10.0 -3.3 7.4 0.3 173.7 203.1
* 2008-2009 restructuring costs, 2007 container spreader inspection and repair programme
 

 

Number of employees at the end of period
Q1/2009 Q2/2009 Q3/2009 Q4/2009 2009 2008 2007
Industrial & Terminal 8,694 7,971 7,615 6,989 6,989 9,074 8,877
Marine 2,495 2,492 2,490 2,286 2,286 2,577 2,223
Corporate admin and support functions 278 312 304 331 331 175 87
Total 11,467 10,775 10,409 9,606 9,606 11,826 11,187
 

Average number of employees
Q1

2009
Q1-Q2

2009
Q1-Q3

2009
Q1-Q4 2009 2009 2008 2007
Industrial & Terminal 8,860 8,540 8,412 8,023 8,023 9,189 8,324
Marine 2,531 2,503 2,501 2,476 2,476 2,449 1,880
Corporate admin and support functions 258 265 271 285 285 139 72
Total 11,649 11,308 11,184 10,785 10,785 11,777 10,276

 

For further information please contact:

Paula Liimatta, IR Manager, tel. +358 204 55 4634

 

 

Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are recognised leaders in cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totalled EUR 2.6 billion in 2009 and it employs more than 9,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki. www.cargotec.com