In decided decrease the economic performances of the Cargotec group in the third trimester



Cargotec has archived item the third trimester of this year marking a decrease of the -8% of the revenues, come down to 854 million euros regarding 928 million euros in the period July-september of 2015. The operating profit is piled to 56,2 million euros (- 9%; to clearly of the restructure costs the bending it is of the -3%). The profit clearly is diminished of the -23% attesting itself to 33,5 million euros.

In the third trimester of the 2016 Finnish group it has totaled new orders for 733 million euros, with a contraction of the -19% on the same period of 2015. The value of the orderbook on 30 September turned out pairs to 1,87 billion euros, with a bending of the -16% regarding on September 30, 2015.

Single the MacGregor branch, that it realizes and it commercializes means and equipments for the naval field and the offshore industry, has confiscated new orders for 124 million euros (- 38%) and the value of its pocketbook orders is come down of the -29% to 696 million euros. In the third trimester of this MacGregor year it has recorded revenues for 169 million euros (- 42%) and an operating profit of 1,9 million euros (- 74%). Al 30 last September the branch appointed to a job 2,355 people regarding 2.643 a year before.

Also the Kalmar branch, than work in the section of the cranes and means of handling for the terminalistico-harbour field, has shown a consisting decrease of the new orders, that they are piled to 389 million euros (- 16%), with a consistency of the orderbook that is diminished of the -3% to 922 million euros. In the period July-september of this year the revenues of the Kalmar have grown of +6% to 436 million euros and the operating profit has turned out pairs to 27,5 million euros (- 22%). In the twelve months between the October the 2015 and september the 2016 consistency of the staff of the branch is gone up of 321 assigned units passing from 5.304 to 5.625.

Single the Hiab branch, assets in the field of means of handling for the terrestrial transport and the industrial section, has obtained new orders for 220 million euros, with a decrease of the -8% on the third trimester of 2015. The value of the pocketbook orders of the branch is come down of the -14% to 258 million euros. In the quarter July-september of this year the revenues of the Hiab have grown of +9% to 250 million euros and the operating profit is increased of +33% to 32,9 million euros. Also in Hiab the places of work are increased passing from 2.727 3o to september 2015 to 3.021 on 30 September.

Concerning the places of work, today the Finnish group has announced that it will put into effect a program of control of the costs that will allow annual savings pairs with about 25 million euros and that it will involve a reduction of the staff in the MacGregor branch pairs to about job 260 places full-time. The reduction of places of work will regard mainly the centers in Norway, China, Sweden, Finland and Singapore.