Cargotec's January-June 2013 interim report: Business developed as estimated during the second quarter
(Thomson Reuters ONE) -
CARGOTEC CORPORATION, INTERIM REPORT, 18 JULY 2013 AT 12.30 PM EEST
April-June 2013 in brief
· Orders received declined 7 percent to EUR 833 (892) million.
· Order book amounted to EUR 2,147 (31 Dec 2012: 2,021) million at the
end of the period.
· Sales fell 2 percent to EUR 836 (850) million.
· Operating profit excluding restructuring costs was EUR 37.5 (41.1)
million, representing 4.5 (4.8) percent of sales.
· Operating profit was EUR 32.9 (41.1) million, representing 3.9 (4.8)
percent of sales.
· Cash flow from operations before financial items and taxes totalled EUR
-12.4 (-25.6) million.
· Net income for the period amounted to EUR 21.9 (29.3) million.
· Earnings per share was EUR 0.36 (0.48).
January-June 2013 in brief
· Orders received were at comparison period's level and totalled EUR
1,624 (1,629) million.
· Sales fell 8 percent to EUR 1,515 (1,643) million.
· Operating profit excluding restructuring costs was EUR 52.5 (78.7)
million, representing 3.5 (4.8) percent of sales.
· Operating profit was EUR 46.1 (78.7) million, representing 3.0 (4.8)
percent of sales.
· Cash flow from operations before financial items and taxes totalled EUR
8.8 (-27.8) million.
· Net income for the period amounted to EUR 28.4 (55.5) million.
· Earnings per share was EUR 0.46 (0.90).
Outlook for 2013
Certain deliveries for MacGregor will be delayed and customers are postponing
services. MacGregor's 2013 operating profit margin is expected to be slightly
below 10 percent, as 2013 sales are falling short of the previously expected
approximately EUR 850 million and now are expected to total closer to EUR 800
million.
Cargotec's sales are expected to be slightly below 2012 and operating profit
excluding restructuring costs to be at or slightly below 2012 level.
This outlook is excluding the Hatlapa acquisition announced in July.
Cargotec's key figures
MEUR Q2/13 Q2/12 Change Q1-Q2/13 Q1-Q2/12 Change 2012
------------------------------------------------------------------------------
Orders received 833 892 -7% 1,624 1,629 0% 3,058
Order book, end of period 2,147 2,413 -11% 2,147 2,413 -11% 2,021
Sales 836 850 -2% 1,515 1,643 -8% 3,327
Operating profit* 37.5 41.1 -9% 52.5 78.7 -33% 157.5
Operating profit, %* 4.5 4.8 3.5 4.8 4.7
Operating profit 32.9 41.1 -20% 46.1 78.7 -41% 131.4
Operating profit, % 3.9 4.8 3.0 4.8 3.9
Income before taxes 29.6 39.0 40.4 73.6 122.5
Cash flow from operations -12.4 -25.6 8.8 -27.8 97.1
Net income for the period 21.9 29.3 28.4 55.5 89.5
Earnings per share, EUR 0.36 0.48 0.46 0.90 1.45
Net debt, end of period 567 497 567 497 478
Gearing, % 48.9 42.1 48.9 42.1 39.2
Personnel, end of period 10,302 10,608 10,302 10,608 10,294
* excluding restructuring costs
Cargotec's President and CEO Mika Vehviläinen:
Both market activity and our orders continued to develop as estimated during the
second quarter, even though we fell seven percent short from the comparison
period, as the second quarter lacked new large Kalmar projects. Orders for cargo
handling equipment for offshore support vessels accounted for almost half of
MacGregor's orders, and orders for the business area as a whole rose by 67
percent on the comparison period. Hiab's orders reached the level of the
comparison period.
Volumes in the marine cargo handling market are lower than last year, which is
reducing our sales. Favourable trends were seen in both Kalmar and Hiab's
delivery volumes and profitability during the second quarter. We are continuing
our efforts to improve our profitability.
In July, we took an important strategic step in MacGregor's development by
signing an agreement to acquire Hatlapa. Hatlapa supports MacGregor's growth
strategy and will help MacGregor to become a global leader in winches for
various ship types.
Press conference for analysts and media
A press conference for analysts and media, combined with a live international
telephone conference, will be arranged on the publishing day at 2:00 p.m. EEST
at Cargotec's head office, Porkkalankatu 5, Helsinki. The event will be held in
English. The report will be presented by President and CEO Mika Vehviläinen and
Executive Vice President, CFO Eeva Sipilä. The presentation material will be
available at www.cargotec.com by 2:00 p.m. EEST.
The telephone conference, during which questions may be presented, can be
accessed using the following numbers ten minutes before the beginning of the
event: US callers +1 334 323 6201, non-US callers +44 20 7162 0025, access code
Cargotec/933708.
The event can also be viewed as a live webcast at www.cargotec.com. An on-demand
version of the conference will be published at Cargotec's website later during
the day.
A replay of the conference call will be available until midnight 20 July 2013 in
the following numbers: US callers +1 954 334 0342, non-US callers
+44 20 7031 4064, access code 933708.
For further information, please contact:
Eeva Sipilä, Executive Vice President and CFO, tel. +358 20 777 4104
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084
Cargotec improves the efficiency of cargo flows on land and at sea - wherever
cargo is on the move. Cargotec's brands MacGregor, Kalmar and Hiab are
recognised leaders in cargo and load handling solutions around the world.
Cargotec's global network is positioned close to customers and offers extensive
services that ensure the continuous, reliable and sustainable performance of
equipment. Cargotec's sales totalled EUR 3.3 billion in 2012 and it employs
approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX
Helsinki under symbol CGCBV. www.cargotec.com
Interim report, pdf:
http://hugin.info/135578/R/1717331/571022.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cargotec Oyj via Thomson Reuters ONE
[HUG#1717331]
Unternehmensinformation / Kurzprofil:
Datum: 18.07.2013 - 11:30 Uhr
Sprache: Deutsch
News-ID 279553
Anzahl Zeichen: 7651
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 184 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Cargotec's January-June 2013 interim report: Business developed as estimated during the second quarter"
steht unter der journalistisch-redaktionellen Verantwortung von
Cargotec Oyj (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
