Konecranes Oyj - Company Announcement

Konecranes provides further financial information on Stahl CraneSystems

KONECRANES PLC  STOCK EXCHANGE RELEASE  August 24, 2016 at 9:30

On August 8, 2016, Konecranes announced that it has received approval from the
European Commission for its pending acquisition of Terex’s MHPS business (“MHPS
Acquisition”). The approval is conditional on a commitment by Konecranes to
divest its STAHL CraneSystems business. Furthermore, Konecranes stated that
STAHL CraneSystems’ external sales totaled EUR 145 million in 2015 and the
company has approximately 700 employees. 

To facilitate the divestment process, Konecranes announces that STAHL
CraneSystems’ pro forma EBITDA on a stand-alone basis would have totaled
approximately EUR 30 million in 2015. 

Konecranes will use the proceeds from the STAHL CraneSystems divestment to
amortize loans related to the MHPS Acquisition. 

The closing of the MHPS Acquisition is conditional to the European Commission’s
approval of the buyer(s) of the STAHL CraneSystems business. 


KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations


FURTHER INFORMATION
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc, tel. +358 (0)20
427 2050 


Konecranes is a world-leading group of Lifting Businesses™, serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity-enhancing lifting
solutions as well as services for lifting equipment and machine tools of all
makes. In 2015, Group sales totaled EUR 2,126 million. The Group has 11,400
employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq
Helsinki (symbol: KCR1V). 


DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com