Strong growth at Cargotec

15 April 2008

End of year figures for Cargotec Corporation, which is the Hiab, Kalmar and MacGregor brands of cranes and handling equipment, show double-digit growth. Net sales were up 10% to ∈2.597 billion from ∈2.358 billion in 2005.

Orders received in 2006 were ∈2.910 billion compared with ∈2.385 billion in 2005 and the order book on 31 December 2006 stood at ∈1.621 billion, up from ∈1.257 billion at the end of 2005. Net income in 2006 was ∈166.1 million compared with ∈136.6 million in 2005.

Mikael Mäkinen, Cargotec president and CEO, commented. “Year 2006 was prosperous for Cargotec. We continued successfully our profitable growth. Our net sales grew by 10% to ∈2.6 billion while our operating margin from operations improved from 7.6% in the previous year to 8.5%. We continue to develop our business to reach our new financial targets.”

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