Konecranes Oyj - Company Announcement

Konecranes publishes Q&A document related to the acquisition of MHPS business and provides financial information on MHPS business

KONECRANES PLC  STOCK EXCHANGE RELEASE  August 24, 2016 at 19:20

Konecranes has added a Q&A document related to the pending acquisition of
Terex’s MHPS business (“MHPS Acquisition”) to its website. The document is
available at www.konecranes.com/EGM2016. 

As announced on July 15, 2016 Konecranes Board has scheduled an extraordinary
general meeting of shareholders for September 15, 2016, to vote on matters
relating to the MHPS Acquisition and recommended to Konecranes shareholders to
vote in favor of such matters in order to enable the implementation of the MHPS
Acquisition. 

Konecranes has received certain financial information from Terex regarding its
MHPS business, which is presented in the table below. Adj. EBIT and adj. EBITDA
contain the estimated Konecranes corporate management charges. 

USDm                               January-June   January-June   January-Decembe
                                    2016           2015          r 2015         
--------------------------------------------------------------------------------
Sales1                                     644.6          735.8          1,542.4
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--------------------------------------------------------------------------------
EBIT2                                       -3.9           -2.9             26.9
--------------------------------------------------------------------------------
Add back adjusted corporate                 11.9           15.4             28.5
 management charges3                                                            
--------------------------------------------------------------------------------
Adj. EBIT                                    8.0           12.5             55.4
--------------------------------------------------------------------------------
Depreciation & amortization             22.4           28.1             55.9
--------------------------------------------------------------------------------
Adj. EBITDA                                 30.4           40.6            111.3
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Adj. EBITDA used for valuation4             34.7           42.0            118.9
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1) Includes sales from MHPS to other Terex consolidated segments, 2) MHPS EBIT
excluding restructuring charges and impairments; 3) Terex corporate management
charges less estimated Konecranes corporate management charges; 4) The
difference between adj. EBITDA used for valuation and adj. EBITDA relates to
share of the result of the 50%-owned Singapore-based joint venture, stock
compensation, non-controlling interest and changes in certain provisions. 



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