2011-07-21 11:30:00 CEST

2011-07-21 11:30:57 CEST


REGULATED INFORMATION

English
Cargotec - Interim report (Q1 and Q3)

Cargotec's January-June 2011 interim report: Second quarter sales grew 25 percent


CARGOTEC CORPORATION, INTERIM REPORT, 21 JULY 2011 AT 12:30 PM EEST

April-June in brief

·         Orders received grew 4 percent and totalled EUR 761 (732) million.

·         Order book amounted to EUR 2,306 (31 Dec 2010: 2,356) million at the
end of the period.

·         Sales grew 25 percent and totalled EUR 795 (638) million.

·         Operating profit was EUR 54.0 (37.2) million, representing 6.8 (5.8)
percent of sales.

·         Cash flow from operating activities before financial items and taxes
totalled EUR 35.4 (80.5) million.

·         Net income for the period amounted to EUR 42.5 (21.2) million.

·         Earnings per share was EUR 0.69 (0.32).

January-June in brief

·         Orders received grew 19 percent and totalled EUR 1,580 (1,330)
million.

·         Sales grew 31 percent to EUR 1,558 (1,193) million.

·         Operating profit was EUR 104.6 (50.7) million, representing 6.7 (4.2)
percent of sales.

·         Cash flow from operating activities before financial items and taxes
totalled EUR 71.6 (127.0) million.

·         Net income for the period amounted to EUR 78.7 (31.0) million.

·         Earnings per share was EUR 1.28 (0.45)

Outlook

Cargotec reiterates its 2011 guidance:

Cargotec's 2011 sales are estimated to grow approximately 20 percent. Healthy
first half order intake both in Industrial & Terminal and Marine segments
together with the recovery in the market situation support a more positive
growth expectation. Sales growth and significant efficiency improvement measures
executed during the past years, support profitability, but there is cost
pressure on the markets. Cargotec's 2011 operating profit margin is estimated to
be approximately 7 percent.



Cargotec key figures
MEUR                  Q2/11 Q2/10 Change Q1-Q2/11 Q1-Q2/10 Change  2010
-----------------------------------------------------------------------
Orders received         761   732     4%    1,580    1,330    19% 2,729

Order book, end of    2,306 2,433    -5%    2,306    2,433    -5% 2,356
period

Sales                   795   638    25%    1,558    1,193    31% 2,575

Operating profit       54.0  37.2    45%    104.6     50.7   106% 131.4

Operating profit, %     6.8   5.8             6.7      4.2          5.1

Income before taxes    50.5  29.3            96.9     36.2        101.4

Cash flow from
operating activities   35.4  80.5            71.6    127.0        292.9

Net income for the     42.5  21.2            78.7     31.0         78.0
period

Earnings per share,    0.69  0.32            1.28     0.45         1.21
EUR

Net debt, end of        335   308             335      308          171
period

Gearing, %             31.1  32.3            31.1     32.3         16.0

Personnel, end of    10,925 9,607          10,925    9,607        9,954
 period


Cargotec's President and CEO Mikael Mäkinen:"Second quarter order intake shows that market activity has remained favourable.
25 percent sales growth and improved operating profit margin together with order
intake support our view on the full year performance. During the first half, we
worked intensively on our refined strategy. Our decision to establish a global
competence centre for container terminals development in Singapore is an example
of actions we are working on. Understanding future customer needs requires an
extensive geographic presence and tight collaboration with customers and other
stakeholders worldwide. Recently, we received an important recognition from our
customer, when Mitsubishi Industries Shimonoseki shipyard gave Marine Offshore
business and our Japanese team the Best Supplier 2010 award".

Press conference for analysts and media

A press conference for analysts and media will be combined with a live
international telephone conference and arranged on the publishing day at 1:30 pm
EEST at Cargotec's head office, Sörnäisten rantatie 23, Helsinki. The event will
be held in English. The interim report will be presented by President and CEO
Mikael Mäkinen. The presentation material will be available at www.cargotec.com
by 1:30 pm EEST.

The telephone conference, during which questions may be presented, can be
accessed using the following numbers ten minutes before the beginning of the
event: US callers +1 334 323 6201, non-US callers +44 20 7162 0025, access code
Cargotec/891231.

The event can also be viewed as a live webcast at www.cargotec.com. On-demand
version of the conference will be published at Cargotec's website later during
the day.

A replay of the conference call will be available for two days until midnight on
23 July 2011, in the following numbers: US callers +1 954 334 0342, non-US
callers +44 20 7031 4064, access code 891231.


For further information, please contact:

Eeva Sipilä, CFO, tel. +358 20 777 4104

Paula Liimatta, IR Manager, tel.+358 20 777 4084

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 2010 and it employs
approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX
Helsinki under symbol CGCBV. www.cargotec.com



[HUG#1532199]

Q2 interim report.pdf