10/24/2005 8:44 AM|
October 24, 2005
The value of orders received amounted to EUR 1,795 (1-9/2004: 1,728) million. During the third quarter, orders received totaled EUR 579 (7-9/2004: 515) million.
The order book totaled EUR 1,237 million on September 30, 2005 (December 31, 2004: 1,180).
Net sales grew by 29 percent and amounted to EUR 1,731 (1-9/2004: 1,342) million. Net sales during the third quarter were EUR 577 (7-9/2004: 451) million.
Operating income increased to EUR 124.8 (1-9/2004: 84.3) million, of which the third quarter accounted for EUR 41.0 (7-9/2004: 32.0) million.
Cash flow from operations was EUR 111.4 (1-9/2004: 110.8) million.
Net income was EUR 84.8 (1-9/2004: 55.9) million.
Earnings per share were EUR 1.32 (1-9/2004: EUR 0.86).
Cargotec Corporation has been listed on the Helsinki Stock Exchange since June 1, 2005. In this pro forma review, Cargotec's results for January-September 2005 are presented based on its business and corporate structure following the demerger of Kone Corporation. Comparative figures for 2004 have been calculated based on the same structure to facilitate the financial evaluation of the Company. Hence, MacGREGOR's marine cargo flow business is included in the pro forma comparison figures. Cargotec Corporation has on October 24, 2005 published an Interim Report for June–September 2005.
Cargotec's President and CEO Carl-Gustaf Bergström:
"We are very pleased with our third quarter. The higher than expected net sales enabled good profitability. Our ability to respond to the increased demand with significantly higher delivery volumes than a year ago is a result of successful investments in the flexibility of operations. In addition, the order intake in the quarter shows that the market situation continued good in all our business areas. Furthermore, it is important that cash flow strengthened as we had indicated."
The entire release including tables is available in attached pdf file.
Senior Executive Vice President and CFO
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
Cargotec Corporation is the world's leading provider of cargo-handling solutions for ships, ports, terminals and local distribution. Its three business areas, Kalmar, Hiab and MacGREGOR operate in materials hubs. Net sales of Cargotec were approximately EUR 1.9 billion in 2004. The company has approximately 7,400 employees and operates in over 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange.