Cargotec - Company Announcement

Cargotec's Operating Profit Falls Short of Earlier Estimates

Cargotec Corporation, Stock Exchange Release, January 19, 2009 at
1:00 p.m. Finnish time

According to Cargotec's preliminary results for 2008 operating profit
will fall short of earlier estimates. The full year operating margin
without the earlier announced restructuring costs will be
approximately 5.7% (earlier estimate: at 1-9/08 level of 6.3%). This
is due to Kalmar business area operating margin for the full year
2008 falling below 6%.

Cargotec's 2008 sales will reach EUR 3.4 billion in line with the
earlier guidance of approximately 13% growth. Orders received during
the year amounted to EUR 3.8 billion. Cargotec will in the fourth
quarter book some EUR 19 million of the earlier announced
restructuring costs.

Kalmar operating profit in the fourth quarter is negatively affected
by several issues uncovered at the year-end closing. These include
inventory revaluations, additional provisions that need to be made
for deliveries as well as earlier unforeseen costs realized in the
fourth quarter. The earlier initiated actions to ensure more accurate
and timely financial information in Kalmar continue. The work started
in 2008 to develop corporate-wide financial reporting systems will be
speeded up. Cargotec's restructuring continues as planned.

Cargotec will publish its financial results for 2008 on February 2,
2009.

Further information:
Mikael Mäkinen, President and CEO, tel. +358 (0)204 55 4262
Pekka Vauramo, Deputy to CEO, President of Kalmar, tel. +358 (0) 204
55 4292
Eeva Sipilä, CFO, tel. +358 (0)204 55 4281
Paula Liimatta, IR Manager, tel. +358 (0)204 55 4634

Cargotec improves the efficiency of cargo flows by offering handling
systems and the related services for the loading and unloading of
goods. Cargotec's brands, Hiab, Kalmar and MacGREGOR, are global
market leaders in their fields and their solutions are used on land
and at sea - wherever cargo is on the move. Extensive services close
to customers ensure the continuous usability of equipment. Cargotec
is the technology leader in its field, its R&D focusing on innovative
solutions that take environmental considerations into account.
Cargotec's sales exceed EUR 3 billion and the company employs
approximately 12,000 people. Cargotec's class B shares are quoted on
the NASDAQ OMX Helsinki.

www.cargotec.com