Cargotec Corporation's Financial Statements Review 2006

-   Orders received grew significantly and reached EUR 2,910
     (1-12/2005: 2,385) million. During the fourth quarter, orders
     received amounted to EUR 716 (10-12/2005: 591) million.
-    The order book on December 31, 2006 totaled EUR 1,621
     (December 31, 2005: 1,257) million.
-    Net sales grew to EUR 2,597 (1-12/2005: 2,358) million with
     EUR 697 (10-12/2005: 622) million attributable to the fourth
     quarter.
-    Operating income from operations rose markedly to EUR 221.7
      (1-12/2005: 179.4) million with EUR 57.7 (10-12/2005: 52.7)
      million attributable to the fourth quarter.
-    Operating income including non-recurring capital gains rose
     to EUR 239.5 (1-12/2005: 194.8) million. Operating income for fourth
     quarter was EUR 57.9 (10-12/2005: 66.4) million
-    Cash flow from operating activities before financial items
     and taxes was strong and totaled EUR 249.8 (1-12/2005: 194.1)
     million.
-    Net income for the reporting period amounted to EUR 166.1
     (1-12/2005: 136.6) million.
-    Earnings per share were EUR 2.57 (1-12/2005: 2.11).
-    Board of Directors will propose at the Annual General Meeting
     that a dividend of EUR 0.99 per each class A and EUR 1.00 per each
     class B share be paid.
-   Cargotec's market outlook for 2007 is positive. The high
     market activity and strong order book in all business areas give a
     good start for the year. Completed and targeted acquisitions will
     support further sales growth. Operating income from operations in
     2007 is expected to continue to increase although the operating
     margin development will be slightly affected by planned
     investments in future growth.

 

Cargotec Corporation has been listed on the Helsinki Stock
Exchange since June 1, 2005. The comparative figures presented in
this financial statements review for January-December 2005 are
provided as additional information and are unaudited pro forma
figures. The comparative figures for June-December 2005 are
audited figures based on Cargotec's first official financial
period. Year 2006 figures are audited.

Cargotec's President and CEO Mikael Mäkinen:
                                     
"Year 2006 was prosperous for Cargotec. We continued successfully
our profitable growth. Our net sales grew by 10 percent to EUR
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."

 

Analyst and Press Conference

An analyst and press conference (in Finnish) will be arranged on
January 30, 2007 at 2.00 p.m. Finnish time at Cargotec's head
office, Sörnäisten rantatie 23, Helsinki.

 

An international telephone conference for investors and analysts
will be held on the same day at 4 p.m. Finnish time. The
presentation material will be available on Cargotec's internet
pages by 2.00 p.m. Finnish time.

 

The conference call phone numbers are as follows:

+1 617 213 8845 (if calling from the U.S.)
+44 20 7365 8426 (if calling from rest of world)
Access code: Cargotec Corporation

 

The telephone conference can also be viewed as a live audio
webcast through the internet at www.cargotec.com, starting at 4.00
p.m. Finnish time. The archived webcast will be posted on the
internet pages later on the same day.

 

The full report including tables can be downloaded from the enclosed link below

Sender:
Cargotec Corporation

 

Kari Heinistö                            
Senior Executive Vice President and CFO  

 

Eeva Mäkelä

SVP, Investor Relations and Communications

 

For further information, please contact:
Kari Heinistö, Senior Executive Vice President and CFO, tel. +358
204 55 4256
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358
204 55 4281

Cargotec is the world's leading provider of cargo handling
solutions whose products are used in the different stages of
material flow in ships, ports, terminals, distribution centers and
local transportation. Cargotec Corporation's brands, Hiab, Kalmar
and MacGREGOR, are market leaders in their fields and well-known
among customers all over the world. Cargotec's net sales are
EUR 2.6 billion. The company employs close to 9,000 people and operates
in approximately 160 countries. Cargotec's class B shares are quoted
on the Helsinki Stock Exchange.

 

www.cargotec.com