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Stock Exchange Release

Cargotec Pro Forma Review January-December 2005


1/31/2006 11:09 AM|

Stock Exchange Release, January 31, 2006 at 12 p.m.

· Orders received totaled EUR 2,385 (1–12/2004: 2,337) million. During the
fourth quarter, orders received totaled EUR 590 (10–12/2004: 610) million.
· The order book on December 31, 2005 totaled EUR 1,257 (December 31, 2004:
1,219) million.
· Net sales grew by 24 percent and amounted to EUR 2,358 (1–12/2004: 1,900)
million. Net sales in the fourth quarter amounted to EUR 621 (10–12/2004: 551)
· Operating income was EUR 194.8 (1–12/2004: 123.9) million. Excluding the
capital gain on Consolis, operating income grew to EUR 179.4 million of which
the fourth quarter represented EUR 53.1 (10–12/2004: 38.9) million.
· Cash flow from operating activities before financial items and taxes
totaled EUR 194.1 (1–12/2004: 157.5) million.
· Net income for the reporting period amounted to EUR 136.6 (1–12/2004:
78.1) million.
· Earnings per share were EUR 2.11 (1–12/2004: 1.20).

Cargotec Corporation has been listed on the Helsinki Stock Exchange since June
1, 2005. In this pro forma review Cargotec's January-December 2005 result is
presented based on the 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 figures of
the comparison period. Cargotec Corporation has issued a Financial Statements
Review on January 31, 2006 for its financial year June 1–December 31, 2005. As
of January 1, 2006, Cargotec's financial year is the calendar year.

Cargotec's President and CEO Carl-Gustaf Bergström:

"We are very satisfied with our development in 2005. It was an excellent
achievement from the whole organization. The fourth quarter became the best
quarter of the year both in terms of net sales and operating margin. The market
situation was strong throughout the year and this has continued also in
January", states Cargotec's President and CEO Carl-Gustaf Bergström.

The entire release including tables is available in attached pdf file.

Cargotec Corporation

Kari Heinistö
Senior Executive Vice President and CFO

Eeva Mäkelä
SVP, IR and Communications

For further information, please contact:
Kari Heinistö, Senior Executive Vice President and CFO, tel. +358 (0)204 55 4256
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 (0)204 55

Cargotec Corporation is the world's leading provider of cargo handling
solutions, which are used in local transportation, terminals, ports,
distribution centers, and ships. Cargotec's operations are divided into three
strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the
market leader in its own segment. In 2005 Cargotec's net sales exceeded EUR 2.3
billion. The company employs some 7,500 people and has activities in more than
160 countries. Cargotec's class B shares are listed on the Helsinki Stock

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