Cargotec - Interim report (Q1 and Q3)

Cargotec's January-September 2011 interim report: Third quarter orders grew 19 percent and profitability improved

July-September in brief
·         Orders received grew 19 percent and totalled EUR 811 (683) million.
·         Order book amounted to EUR 2,349 (31 Dec 2010: 2,356) million at the
end of the period.
·         Sales grew 19 percent and totalled EUR 753 (635) million.
·         Operating profit was EUR 54.4 (42.2) million, representing 7.2 (6.6)
percent of sales.
·         Cash flow from operating activities before financial items and taxes
totalled EUR 6.4 (66.4) million.
·         Net income for the period amounted to EUR 35.7 (23.2) million.
·         Earnings per share was EUR 0.58 (0.38).

January-September in brief
·         Orders received grew 19 percent and totalled EUR 2,391 (2,013)
million.
·         Sales grew 26 percent to EUR 2,310 (1,828) million.
·         Operating profit was EUR 159.1 (92.9) million, representing 6.9 (5.1)
percent of sales.
·         Cash flow from operations before financial items and taxes totalled
EUR 78.0 (193.4) million.
·         Net income for the period amounted to EUR 114.5 (54.2) million
·         Earnings per share was EUR 1.86 (0.82)

Outlook
Cargotec reiterates its 2011 guidance:

Cargotec's 2011 sales are estimated to grow approximately 20 percent based on
healthy January-September order intake. Cargotec's 2011 operating profit margin
is estimated to be approximately 7 percent.


Cargotec key figures

MEUR                       Q3/11 Q3/10 Change Q1-Q3/11 Q1-Q3/10 Change  2010
----------------------------------------------------------------------------
Orders received              811   683    19%    2,391    2,013    19% 2,729

Order book, end of period  2,349 2,395    -2%    2,349    2,395    -2% 2,356

Sales                        753   635    19%    2,310    1,828    26% 2,575

Operating profit            54.4  42.2    29%    159.1     92.9    71% 131.4

Operating profit, %          7.2   6.6             6.9      5.1          5.1

Income before taxes         51.3  35.1           148.3     71.2        101.4

Cash flow from operations    6.4  66.4            78.0    193.4        292.9

Net income for the period   35.7  23.2           114.5     54.2         78.0

Earnings per share, EUR     0.58  0.38            1.86     0.82         1.21

Net debt, end of period      362   264             362      264          171

Gearing, %                  32.7  26.1            32.7     26.1         16.0

Personnel, end of period  10,970 9,824          10,970    9,824        9,954



Cargotec's President and CEO Mikael Mäkinen:"Orders continued to grow in the third quarter, despite the prevailing economic
uncertainty. These included a five-year frame agreement for equipment deliveries
to the US Department of Defense and an agreement for the automation of a US
port. We also continued to receive significant marine crane orders from China.
In addition, we are proud that, at the beginning of October, DP World chose
Cargotec as its partner for the London Gateway port automation project. Sales
growth for January-September supports our guidance for the full year. In
Industrial & Terminal we will continue our determined work to improve
profitability by dividing the business in two."


Press conference for analysts and media
A press conference for analysts and media, combined with a live international
telephone conference, will be arranged on the publishing day at 9:30 am 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
9:30 am 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/891233.

The event can also be viewed as a live webcast at www.cargotec.com. An 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 until midnight 29 October
2011 in the following numbers: US callers +1 954 334 0342, non-US callers
+44 20 7031 4064, access code 891233.


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#1558460]

Attachments:

Q3 2011 Interim report.pdf