Cargotec - Company Announcement

Cargotec's MacGregor reaches a settlement agreement and will book EUR 11 million cost

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 24 NOVEMBER 2015 AT 11 AM EET


Cargotec's MacGregor reaches a settlement agreement and will book EUR 11 million
cost

Cargotec's MacGregor has agreed on a commercial settlement with a customer
related to a development project from 2011.

Cargotec will book EUR 11 million costs in MacGregor's fourth quarter operating
profit in 2015 to cover the costs of the settlement. Whilst having a clear
negative impact on MacGregor result in the current quarter, management
assessment is that this settlement is in the best interests of the business
going forward.

MacGregor and the customer have agreed not to disclose further details on the
issue nor on the settlement.

The settlement has no impact on Cargotec's full-year guidance, which remains
unchanged.


Further information:
Michel van Roozendaal, President, MacGregor, tel. +358 20 777 4490
Eeva Sipilä, Executive Vice President and CFO, tel. +358 20 777 4104
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084

Cargotec shapes the cargo handling industry for the benefit of its customers and
shareholders. Cargotec's business areas MacGregor, Kalmar and Hiab are
recognised leaders in cargo and load handling solutions around the world. Their
global network is positioned close to customers and offers extensive services
that ensure a continuous, reliable and sustainable performance according to
customers' needs. Cargotec's sales totalled approximately EUR 3.4 billion in
2014 and it employs approximately 11,000 people. Cargotec's class B shares are
quoted on NASDAQ OMX Helsinki Ltd under symbol CGCBV. www.cargotec.com


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