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CHALLENGING MARKET ENVIRONMENT CONTINUES - FIRST HALF YEAR OPERATING MARGIN EXPECTED TO BE SLIGHTLY WEAKER THAN PREVIOUSLY ESTIMATED

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KONECRANES PLC INTERIM REPORT April 29, 2009 at 10:00 a.m. Finnish time         

CHALLENGING MARKET ENVIRONMENT CONTINUES - FIRST HALF YEAR OPERATING MARGIN     
EXPECTED TO BE SLIGHTLY WEAKER THAN PREVIOUSLY ESTIMATED                        

Figures in brackets, unless otherwise stated, refer to the same period a year   
earlier                                                                         

FIRST QUARTER HIGHLIGHTS                                                        
- Order intake decreased by 34.3 percent and came in at EUR 369.7 million       
(562.3): Service -19.6 percent, Standard Lifting -40.3 percent and Heavy Lifting
-36.9 percent.                                                                  
- Service Contract Base value increased by 17 percent compared with the first   
quarter of 2008 and by 3 percent compared with the year-end 2008.               
- Order book was EUR 792.0 million (909.7) at end March, 12.9 percent lower than
a year ago and 5.3 percent lower than at end 2008.                              
- Sales at EUR 442.1 million were almost at the same level as a year before     
(439.2). Sales growth 2.2 percent in Service and 5.8 percent in Standard        
Lifting. Heavy Lifting sales declined by 3.4 percent.                           
- Operating profit was EUR 36.8 million (45.0), 8.3 percent of sales (10.2).    
- Earnings per share (diluted) were EUR 0.43 (0.56).                            
- Net cash flow from operating activities was EUR 32.6 million (8.0).           

FUTURE PROSPECTS                                                                
Weak demand is expected to continue and there is a growing risk for pressure on 
prices. The market for services is more stable than that of new equipment but it
also suffers, especially the parts business. In Standard Lifting, the order     
intake seems to be stabilizing. In Heavy Lifting, energy related industries     
remain active but in most other customer segments capital expenditure remains on
a low level. In the current challenging market, Konecranes considers it         
difficult to give a reliable guidance on sales or profitability for a longer    
period.                                                                         

Second quarter 2009 net sales are expected to be at the same level as in the    
first quarter of 2009 or slightly lower. Second quarter operating margin is     
expected to be lower than in the first quarter 2009. This is due for example to 
declining component production volumes, to a less favorable product mix, and to 
pricing. The effects of the ongoing cost adjustments are only starting to have  
an impact in the second quarter. Based on the second quarter estimate, the first
half year operating margin is expected to be lower than last year.              

Previous guidance in the 2008 Financial Statement Bulletin of February 4, 2009  
was: “Konecranes estimates sales in the first half of the year to be            
approximately at the same level as in the corresponding period a year before.   
Operating margin is estimated to be somewhat lower than in the corresponding    
period in 2008.”                                                                


--------------------------------------------------------------------------------
| KEY FIGURES              |         |         |         |          |          |
--------------------------------------------------------------------------------
|                          |    1-3/ |    1-3/ |  Change |     R12M |    2008  |
|                          |   2009  |   2008  |      %  |          |          |
--------------------------------------------------------------------------------
| Orders received, MEUR    |   369.7 |   562.3 |   -34.3 |  1 874.5 |  2 067.1 |
--------------------------------------------------------------------------------
| Order book at end of     |   792.0 |   909.7 |   -12.9 |    718.6 |    836.3 |
| period, MEUR             |         |         |         |          |          |
--------------------------------------------------------------------------------
| Sales total, MEUR        |   442.1 |   439.2 |     0.7 |  2 105.4 |  2 102.5 |
--------------------------------------------------------------------------------
| Operating profit, MEUR   |    36.8 |    45.0 |   -18.1 |    240.6 |    248.7 |
--------------------------------------------------------------------------------
| Operating margin, %      |   8.3 % |  10.2 % |         |   11.4 % |   11.8 % |
--------------------------------------------------------------------------------
| Profit before taxes,     |    35.4 |    46.3 |   -23.5 |    225.3 |    236.2 |
| MEUR                     |         |         |         |          |          |
--------------------------------------------------------------------------------
| Net profit for period,   |    25.3 |    33.3 |   -24.1 |    158.5 |    166.6 |
| MEUR                     |         |         |         |          |          |
--------------------------------------------------------------------------------
| Earnings per share,      |    0.43 |    0.57 |   -24.6 |     2.68 |     2.83 |
| basic, EUR               |         |         |         |          |          |
--------------------------------------------------------------------------------
| Earnings per share,      |    0.43 |    0.56 |   -23.9 |     2.68 |     2.82 |
| diluted, EUR             |         |         |         |          |          |
--------------------------------------------------------------------------------
| Gearing, %               |  10.0 % |  26.3 % |         |          |    2.8 % |
--------------------------------------------------------------------------------
| Return on capital        |         |         |         |   50.4 % |   56.3 % |
| employed %, Rolling 12   |         |         |         |          |          |
| Months (R12M)            |         |         |         |          |          |
--------------------------------------------------------------------------------
| Average number of        |   9,885 |   8,625 |    14.6 |          |    9,222 |
| personnel during period  |         |         |         |          |          |
--------------------------------------------------------------------------------


President and CEO Pekka Lundmark:                                               

“Konecranes made a reasonably good result in a challenging market environment   
during the first quarter. Weak production figures in manufacturing and process  
industries, as well as lower container throughput in harbors and terminals      
caused a significant decline in capital expenditure in most of our customer     
segments. Also the service business is affected since low capacity utilization  
reduces the need for maintenance and spare parts. This means that our existing  
service customers are now buying less than usual. However, there is also an     
opposite trend visible in the downturn. We are now in discussions with several  
new potential customers about quite large service outsourcing deals, triggered  
by customers' need to save money and lift productivity. This trend is expected  
to strengthen in the coming months, but unfortunately it cannot in the short    
term compensate for the lost volume from existing customers. Our main strategy  
in service continues to be to grow our contract base. This investment will bring
returns in the years to come.                                                   

The new equipment market is currently very weak, and it may continue that way   
still some time. There is, however, one exception: power generation. Especially 
cranes and services for the nuclear power industry represent a significant      
potential for us. At the moment, 150-160 new nuclear reactors are expected to be
built in the world between the years 2008 and 2020, each of them representing a 
large market for lifting equipment. On top of this comes the services potential.
With our crane technology and global service presence, we are now well          
positioned to take advantage of this opportunity.                               

As a summary, we are facing a tough year, and there is currently no market      
recovery in sight. While we are balancing our capacity and cost base with the   
lower demand, we want to take care of our competencies so that we are able to   
benefit from the above and other opportunities once the market recovers.”       

KONECRANES' JANUARY - MARCH 2009 INTERIM REPORT                                 

MARKET REVIEW                                                                   

Difficulties in the financial markets flared into a worldwide economic crisis in
the fourth quarter of 2008. Decisions on new projects were put on hold in many  
industry sectors and the declining industrial activity and lack of confidence   
began to be visible in the investment activity of Konecranes' major customer    
industries as well.                                                             

During early 2009, the uncertainty and low industrial activity have continued   
and the mood has even worsened. Capacity utilization and industrial production  
levels have continued to decline in the developed economies and the similar     
pattern is increasingly spreading to emerging markets as well, where lack of    
funding is one of the main issues behind low investment activity.               

In Konecranes' major customer sectors, investment activity in ports and         
shipyards started to decline already in early 2008 and has remained weak in     
early 2009 due to low global trade activity and to the large investments made in
recent years. Of the process industries, steel and mining have been most hit by 
the sudden decline in demand and general manufacturing has also been affected by
the economic downturn. However, investment activity in power generation, such as
wind energy, nuclear power and waste-to-energy has remained more stable.        
Announcements of various stimulus packages, such as in China for extensive      
infrastructure investments, have been seen as paving the way for a recovery in  
investment activity.                                                            

In services relating to lifting equipment, customers are showing an increasing  
interest to outsource maintenance, but the low industrial capacity utilization  
rates and uncertainty have also affected the general demand for service and     
maintenance.                                                                    

Since year-end 2008, the difficult economic environment has been reflected on   
the market in declining volumes but also in increasing pressure for price       
erosion. Set against this, input costs, especially for raw materials like steel 
and for transportation, continued to decrease during the first quarter.         


Note: Unless otherwise stated, the figures in brackets in the sections below    
refer to the same period in the previous year.                                  

ORDERS RECEIVED                                                                 

January-March orders received totaled EUR 369.7 million (562.3), representing a 
decline of 34.3 percent. Orders received declined in Service by 19.6 percent    
compared with a year before. In Standard Lifting, orders declined by 40.3       
percent and in Heavy Lifting by 36.9 percent.                                   

The orders received decreased in all regions almost equally, but Service did    
better than the new equipment Business Areas in all the Regions. In Americas,   
the new equipment business, especially in the port equipment sector, was very   
quiet. In EMEA, the overall market weakness was reflected in the low numbers for
Standard Lifting and the decreasing activity especially in the steel industry   
was visible in the low Heavy Lifting orders. In APAC as well, orders were       
clearly down for new equipment in total but process cranes showed a clearly     
positive change compared with a year before.                                    

In the first quarter, orders from emerging markets accounted for almost 40      
percent of total orders. In 2008 the share of emerging markets of all orders was
slightly more than 30 percent on an annual level.                               

ORDER BOOK                                                                      

The value of the order book at end March totaled EUR 792.0 million. The order   
book decreased by 5.3 percent from year-end 2008 when it stood at EUR 836.3     
million. Service accounted for EUR 109.1 million (13 percent), Standard Lifting 
for EUR 281.0 million (35 percent) and Heavy Lifting for EUR 420.3 million (52  
percent) of the total end March order book. The total order book corresponds to 
about 4-6 months of sales.                                                      

Order cancellations in the first quarter were negligible compared with the total
order book. However, negotiations are ongoing regarding postponements and even  
cancellations of some important orders with certain Eastern European customers. 

SALES                                                                           

Group sales in January-March were almost on the same level as a year before and 
totaled EUR 442.1 million (439.2). Sales in Service grew by 2.2 percent and in  
Standard Lifting by 5.8 percent. Sales in Heavy Lifting decreased by 3.4        
percent.                                                                        

At end March, calculated for a rolling 12 months, the regional breakdown was as 
follows: EMEA 57 (56), Americas 28 (32) and APAC 15 (12) percent.               

Net sales by region, MEUR                                                       

--------------------------------------------------------------------------------
|            |   1-3/ |   1-3/ |   Change | Change % at |      R12M |     2008 |
|            |   2009 |   2008 | percent  |  comparable |           |          |
|            |        |        |          |    currency |           |          |
|            |        |        |          |      rates  |           |          |
--------------------------------------------------------------------------------
| EMEA       |  246.4 |  243.3 |      1.3 |         5.6 |   1 210.7 |  1 207.5 |
--------------------------------------------------------------------------------
| AME        |  132.7 |  144.3 |     -8.1 |       -15.0 |     580.1 |    591.7 |
--------------------------------------------------------------------------------
| APAC       |   63.0 |   51.5 |     22.2 |        18.8 |     314.7 |    303.3 |
--------------------------------------------------------------------------------
| Total      |  442.1 |  439.2 |      0.7 |        -0.1 |   2 105.4 |  2 102.5 |
--------------------------------------------------------------------------------



CURRENCY RATE EFFECT                                                            

In a year-on-year comparison, the currency rate effect was quite negligible in  
the reporting period. The reported decline in order intake in January-March was 
34.3 percent whereas the corresponding figure at comparable currency rates was  
34.4 percent. Reported sales grew by 0.7 percent and declined by 0.1 percent at 
comparable currency rates.                                                      

Of the Business Areas, the currency rate effect was most visible in Service and 
Standard Lifting. The reported order intake declined in Service by 19.6 percent 
and by 20.6 percent at comparable currency rates. Reported sales increased in   
Service by 2.2 percent and by 0.5 percent at comparable currency rates. In      
Standard Lifting, the reported order intake decreased by 40.3 percent and by    
41.3 percent at comparable currency rates. The corresponding figures in Standard
Lifting sales were +5.8 percent and +3.9 percent.                               

Of the regions, the currency rate impact in EMEA was negative with the reported 
growth in sales being 1.3 percent whereas the growth at comparable currency     
rates was 5.6 percent. The impact was largest and most favorable in the Americas
region, where reported sales declined by 8.1 percent and by 15.0 percent at     
comparable currency rates. The corresponding figures in APAC were +22.2 and     
+18.8 percent.                                                                  

The impact of changes in currency rates on the Group's operating margin was     
slightly positive in January-March compared with the same period a year earlier.

FINANCIAL RESULT                                                                

The consolidated operating profit in January-March totaled EUR 36.8 million     
(45.0). Operating profit decreased by EUR 8.2 million and the consolidated      
operating margin declined to 8.3 percent (10.2). The operating margin in the    
Service business declined to 11.1 percent (13.4), due especially to declining   
volumes in Parts sales. The operating margin in Standard Lifting decreased to   
12.0 percent (15.9), due to declining component production volumes, a less      
favorable product mix and lower productivity. In Heavy Lifting, profitability   
was supported by improved project execution and the operating margin rose to 7.7
percent (5.8).                                                                  

During the first quarter, higher sales prices compensated for the increase in   
input costs compared with the same period a year before.                        

The share of the result of associated companies and joint ventures was EUR      
0.04 million (0.2).                                                             

Net financial expenses totaled EUR 1.5 million (1.1). Net interest expense was  
EUR 0.5 million (1.3). The remainder was mainly attributable to exchange rate   
differences related to USD/EUR hedges.                                          

The January-March profit before taxes was EUR 35.4 million (46.3).              

Income taxes in January-March were EUR -10.1 million (-13.0). The Group's       
effective tax rate was 28.5 percent (28.0).                                     

Net profit for January-March was EUR 25.3 million (33.3).                       

Diluted earnings per share for January-March were EUR 0.43 (0.56).              

On a rolling twelve-month basis, return on capital employed was 50.4 percent    
(51.0) and return on equity 49.4 percent (59.6). Excluding the impact of the    
capital gain arising from the real estate sale in the second quarter of 2007,   
the comparable 12-month return on capital employed at end-March 2008 was 47.5   
percent and the return on equity was 55.7 per cent.                             

Balance Sheet                                                                   
The consolidated balance sheet, which at end March stood at EUR 1,182.2 million,
was EUR 174.8 million higher than at 31 March 2008 and EUR 23.2 million less    
than at year-end 2008. Total equity at the end of the report period was EUR     
379.7 million (261.6). Total equity attributable to equity holders of the parent
company at 31 March was EUR 377.9 million (260.2) or EUR 6.38 per share (4.47). 
                                                                                
From year-end 2008, net working capital increased slightly by EUR 3.2 million to
EUR 267.0 million at end March. The decrease in receivables almost compensated  
for the increase in raw material inventories, which was due to the change in the
steel procurement concept, and for the decrease in advance payments and accounts
payable.                                                                        

Cash Flow and Financing                                                         
Net cash from operating activities in January-March was EUR 32.6 million (8.0), 
representing EUR 0.55 per diluted share (0.14). Cash flow before financing      
activities was EUR 27.6 million (4.4).                                          

Interest-bearing net debt increased to EUR 37.8 million from EUR 11.3 million at
year-end 2008, mainly due to the EUR 53.3 million dividends that were paid out  
in March. The solidity was 38.5 percent (32.1) and gearing 10.0 percent (26.3). 

The Group's liquidity remained healthy. At the end of the first quarter, cash   
and cash equivalents amounted to EUR 116.0 million. The amount in use of the    
Group's EUR 200 million committed back-up financing facility was unchanged from 
EUR 60 million at year-end 2008.                                                

Konecranes signed in April a new EUR 200 million three-year Revolving Credit    
Facility with its core relationship banks to refinance the EUR 200 million      
facility signed in March 2005.                                                  

Konecranes paid its shareholders dividends amounting to EUR 53.3 million or EUR 
0.90 per share in March 2009.                                                   

CAPITAL EXPENDITURE                                                             

January-March capital expenditure excluding acquisitions amounted to EUR 6.0    
million (3.1). This amount consisted mainly of replacement or capacity expansion
investments in machines, equipment and information technology.                  
Capital expenditure including acquisitions was EUR 6.6 million (5.8).           

ACQUISITIONS                                                                    

During January-March, Konecranes acquired two smaller Nordic Service companies. 
Net assets of the acquired companies were recorded at EUR 0.6 million. No       
goodwill was booked from the acquisitions.                                      

PERSONNEL                                                                       

In the first quarter, the Group employed an average of 9,885 people (8,625). At 
31 March, the headcount was 9,866 (8,845). At end March, the number of personnel
by Business Area were as follows: Service 5,387 employees (4,855), Standard     
Lifting 2,729 employees (2,471), Heavy Lifting 1,451 employees (1,296) and Group
staff 299 (223). The Group had 5,626 employees (4,924) working in EMEA, 2,654   
(2,541) in the Americas and 1,586 (1,380) in the APAC region.                   

The total number of the Group's personnel at year-end 2008, including all       
temporary and rented work force, was approximately 10,500. Since that, the      
number has been reduced by more than 300 and the headcount number is expected to
further decrease during the coming quarters.                                    

BUSINESS AREAS                                                                  

Service                                                                         


--------------------------------------------------------------------------------
|                        |    1-3/ |     1-3/ |   Change |     R12M |     2008 |
|                        |    2009 |     2008 | percent  |          |          |
--------------------------------------------------------------------------------
| Orders received, MEUR  |   125.6 |    156.1 |    -19.6 |    627.6 |    658.2 |
--------------------------------------------------------------------------------
| Order book, MEUR       |   109.1 |    121.8 |    -10.4 |          |    117.3 |
--------------------------------------------------------------------------------
| Sales, MEUR            |   169.7 |    166.1 |      2.2 |    757.9 |    754.3 |
--------------------------------------------------------------------------------
| Operating profit, MEUR |    18.8 |     22.2 |    -15.5 |    102.7 |    106.2 |
--------------------------------------------------------------------------------
| Operating margin, %    |  11.1 % |   13.4 % |          |   13.6 % |   14.1 % |
--------------------------------------------------------------------------------
| Personnel              |   5 387 |    4 855 |     11.0 |          |    5 372 |
--------------------------------------------------------------------------------


January-March orders received totaled EUR 125.6 million (156.1), showing a      
decline of 19.6 percent. Order intake decreased in all service operations due to
low industrial output and capacity utilization rates. However, as usual in a    
downturn, modernization orders were doing slightly better than the overall      
maintenance services.                                                           

Compared with the fourth quarter 2008, order intake declined by 21.2 percent    
partly due to the seasonality effect and partly due to deteriorating market     
conditions.                                                                     

The order book decreased by 10.4 percent from a year before to EUR 109.1 million
(121.8).                                                                        

Sales in the report period rose slightly to EUR 169.7 million (166.1). Operating
profit was EUR 18.8 million (22.2) and the operating margin 11.1 percent (13.4).
Profitability weakened especially due to declining volumes in parts sales.      

The contract base developed favorably, in terms of both value and number of     
units. The total number of equipment included in the maintenance contract base  
increased to 366,024 at end March, from 323,644 a year before and from 359,811  
at year-end 2008. The annual value of the contract base increased to EUR 128    
million from EUR 109 million a year before and from EUR 124 million at year-end 
2008.                                                                           

The number of service technicians at end March was 3,577, which is 193 or 6     
percent more than at end March 2008.                                            


Standard Lifting                                                                

--------------------------------------------------------------------------------
|                       |     1-3/ |     1-3/ |   Change |     R12M |     2008 |
|                       |     2009 |     2008 | percent  |          |          |
--------------------------------------------------------------------------------
| Orders received, MEUR |    132.6 |    222.2 |    -40.3 |    769.4 |    859.0 |
--------------------------------------------------------------------------------
| Order book, MEUR      |    281.0 |    338.4 |    -17.0 |          |    327.9 |
--------------------------------------------------------------------------------
| Sales, MEUR           |    178.2 |    168.3 |      5.8 |    845.2 |    835.4 |
--------------------------------------------------------------------------------
| Operating profit,     |     21.3 |     26.8 |    -20.5 |    134.5 |    140.0 |
| MEUR                  |          |          |          |          |          |
--------------------------------------------------------------------------------
| Operating margin, %   |   12.0 % |   15.9 % |          |   15.9 % |   16.8 % |
--------------------------------------------------------------------------------
| Personnel             |    2 729 |    2 471 |     10.4 |          |    2 808 |
--------------------------------------------------------------------------------


January-March orders received totaled EUR 132.6 million (222.2), showing a      
decline of 40.3 percent. Orders were depressed by the overall weakness of       
industrial activity in all the regions.                                         

Compared with the fourth quarter 2008, order intake decreased by 21.5 percent.  
The order intake declined in EMEA clearly less than between in the fourth       
quarter and third quarter of 2008. In Americas the orders received declined more
than between the fourth quarter and third quarter of 2008.                      

The order book decreased by 17.0 percent from a year before to EUR 281.0 million
(338.4).                                                                        

Sales rose by 5.8 percent to EUR 178.2 million (168.3). Operating profit was EUR
21.3 million (26.8) and operating margin 12.0 percent (15.9). Profitability     
weakened due to declining component production volumes, a less favorable product
mix and lower productivity. In addition, the impact of the actions to adjust    
costs are only starting to be visible in the second quarter.                    

Heavy Lifting                                                                   

--------------------------------------------------------------------------------
|                       |     1-3/ |     1-3/ |    Change |     R12M |    2008 |
|                       |     2009 |     2008 |  percent  |          |         |
--------------------------------------------------------------------------------
| Orders received, MEUR |    133.8 |    212.2 |     -36.9 |    607.7 |   686.0 |
--------------------------------------------------------------------------------
| Order book, MEUR      |    420.3 |    476.5 |     -11.8 |          |   420.2 |
--------------------------------------------------------------------------------
| Sales, MEUR           |    129.7 |    134.2 |      -3.4 |    654.8 |   659.4 |
--------------------------------------------------------------------------------
| Operating profit,     |     10.0 |      7.7 |      29.3 |     55.9 |    53.6 |
| MEUR                  |          |          |           |          |         |
--------------------------------------------------------------------------------
| Operating margin, %   |    7.7 % |    5.8 % |           |    8.5 % |   8.1 % |
--------------------------------------------------------------------------------
| Personnel             |    1 451 |    1 296 |      12.0 |          |   1 439 |
--------------------------------------------------------------------------------

January-March orders received totaled EUR 133.8 million (212.2), showing a      
decline of 36.9 percent. Orders were clearly down for port and shipyard         
equipment and for process cranes, due to generally weak markets and high        
comparison figures especially in EMEA and Americas in the first quarter of 2008.

Compared with the fourth quarter of 2008, when the order intake was at a low    
level, orders received increased clearly by 14.9 percent thanks to some large   
orders for equipment for ports and for power and environment related industries.

The order book decreased by 11.8 percent from a year before to EUR 420.3 million
(476.5). The order book was at the same level as at year-end 2008.              

Sales decreased by 3.4 percent to EUR 129.7 million (134.2). Operating profit   
was EUR 10.0 million (7.7) and operating margin 7.7 percent (5.8). Better       
profitability was supported by improved project execution compared with a year  
before.                                                                         

Group Overheads                                                                 
                                                                                
Unallocated Group overhead costs in the reporting period were EUR -13.8 million 
(-11.0), representing 3.1 percent of sales (2.5). The increase is mainly due to 
investments in procurement, information systems and R&D.                        

ADMINISTRATION                                                                  

Konecranes Annual General Meeting was held on March 12, 2009. The meeting       
approved the company's annual accounts for the fiscal year 2008 and discharged  
the members of the Board and the Managing Director from liability.              

The Board of Directors of Konecranes Plc withdrew its proposals on authorizing  
the Board to decide on the repurchase of the company's own shares and on        
authorizing the board to decide on the issuance of shares as well as other      
special rights entitling to shares.                                             

The Board of Directors does not currently have valid authorizations on these    
issues.                                                                         

The resolutions of the AGM were as follows:                                     

Payment of dividend                                                             

The AGM approved the Board's proposal that a dividend of EUR 0.90 per share is  
paid from the distributable assets of the parent company. The dividend was paid 
on 59,196,720 shares and amounted to EUR 53,277,048. The dividend was paid on 25
March 2009.                                                                     

Composition of the Board of Directors                                           

The AGM approved the proposal of the Nomination and Compensation Committee that 
eight (8) members of the Board of Directors be elected. Board members Mr Björn  
Savén and Mr Timo Poranen had announced that they were not available for        
re-election. The other Board members elected at the 2008 AGM i.e. Mr Svante     
Adde, Mr Kim Gran, Mr Stig Gustavson, Mr Matti Kavetvuo, Ms Malin Persson and Mr
Mikael Silvennoinen were re-elected. Mr Tomas Billing, President of Nordstjernan
AB, and Mr Tapani Järvinen, President and CEO of Outotec Oyj, were elected as   
new members.                                                                    

Compensation of the Board of Directors                                          

The AGM confirmed the annual compensation to the Board Members as follows:      
Chairman of the Board: EUR 100,000                                              
Vice Chairman of the Board: EUR 64,000                                          
Other Board Members: EUR 40,000                                                 

In addition, compensation of EUR 1,500 per meeting will be paid for attendance  
at Board Committee meetings.                                                    

Approximately 40 percent of the annual remuneration will be paid in Konecranes' 
shares purchased from the market. The remuneration may also be paid by          
transferring the company's own shares, under the authorization given by the AGM 
to the Board of Directors. If the purchase of shares cannot be carried out for  
reasons relating to either the company or the Board member, the annual          
remuneration shall be paid fully in cash.                                       

The travel expenses of Board members are paid against receipt.                  

Election of the auditors and their remuneration                                 

The AGM confirmed that Ernst & Young Oy will continue as the Company's external 
auditor. The remuneration of the auditor will be paid against reasonable        
invoicing by the auditors.                                                      

Amendment to the Articles of Association                                        

The AGM decided to amend the Section 9 of the Articles of Association so that   
notice to the General Meeting shall be issued no later than three weeks prior to
the General Meeting.                                                            

Issuance of stock options                                                       

The AGM resolved on issuance of stock options to the key personnel of the       
Company and its subsidiaries. The maximum total number of stock options issued  
will be 2,250,000 and the stock options entitle their holders to subscribe for a
maximum total of 2,250,000 new shares in the Company or existing shares held by 
the Company.  The share subscription price will be credited to the reserve for  
invested unrestricted equity in its entirety. The share subscription price for  
stock options will be based on the prevailing market price of the Konecranes Plc
share on the NASDAQ OMX Helsinki Ltd. in April 2009, April 2010 and April 2011. 
The share subscription period for stock options 2009A, will be 1 April 2012—30  
April 2014, for stock options 2009B, 1 April 2013—30 April 2015 and for stock   
options 2009C, 1 April 2014—30 April 2016.                                      

First meeting of the Board of Directors                                         

At its first meeting held after the Annual General Meeting, the Board of        
Directors elected Mr Stig Gustavson to continue as Chairman. Mr Svante Adde was 
elected Chairman of the Audit Committee, and Mr Kim Gran, Mr Tapani Järvinen and
Mr Mikael Silvennoinen as Committee members. Mr Matti Kavetvuo was elected      
Chairman of the Nomination and Compensation Committee, and Mr Tomas Billing, Mr 
Stig Gustavson and Ms Malin Persson were elected as Committee members           

SHARE CAPITAL, SHARES AND STOCK OPTIONS                                         

The company's registered share capital at March 31, 2009 totaled EUR 30.1       
million. At March 31, 2009, the number of shares including treasury shares      
totaled 61,739,320. At March 31, 2009, Konecranes held a total of 2,542,600     
treasury shares, which corresponds to 4.1 percent of the total number of shares 
and which at that date had a market value of EUR 32.0 million.                  

SHARES REGISTERED UNDER STOCK OPTION RIGHTS                                     

Pursuant to Konecranes' stock option plans, 127,000 new shares were registered  
in the Finnish Trade Register during the first quarter. As a result of these    
subscriptions, the total number of Konecranes shares (including treasury shares)
rose to 61,739,320.                                                             

The subscription period for the options under Konecranes 2003C stock option plan
ended on March 31, 2009. The last lot of the shares subscribed for under the    
2003C stock option plan will be registered in the Finnish Trade Register on     
about May 6, 2009.                                                              

The stock options issued under Konecranes Plc's ongoing stock option plans at   
end-March 2009 entitle holders to subscribe a total of 2,134,000 shares, which  
would increase the total number of Konecranes shares (including treasury shares)
to 63,873,320. The option programs include approximately 160 key persons.       

All shares carry one vote per share and equal rights to dividends.              

The terms and conditions of the stock option programs are available on          
Konecranes' website at www.konecranes.com.                                      

MARKET CAPITALIZATION AND TRADING VOLUME                                        

The closing price for Konecranes Plc's shares on March 31, 2009 was EUR 12.60.  
The volume-weighted average share price in January-March was EUR 12.84, the     
highest price being EUR 15.48 in February and the lowest EUR 10.61 in January.  
In January-March, the trading volume totaled 32 million Konecranes Plc shares,  
corresponding to a turnover of approximately EUR 415 million. The average daily 
trading volume was 518,876 shares, representing an average daily turnover of EUR
6.7 million.                                                                    

On March 31, 2009, the total market capitalization of Konecranes Plc's shares   
was EUR 777.9 million including treasury shares held by the company and EUR     
745.9 million excluding the treasury shares.                                    

EVENTS AFTER THE END OF THE REPORTING PERIOD                                    

In April, Konecranes signed a new EUR 200 million three-year Revolving Credit   
Facility with its core relationship banks. The loan will be used for general    
corporate purposes and is a refinancing of the EUR 200-million facility signed  
in March 2005.                                                                  

ZAO ZAPAROZHJE KRAN                                                             

Due to the economic turmoil in Russia and Eastern Europe Konecranes is          
negotiating with the other shareholders on the possibility of increasing        
Konecranes' influence in the management of associated company ZAO Zaparozhje    
Kran in Ukraine. Combined with a potential increase in its ownership of the     
company, this will probably mean that Konecranes will consolidate the company as
a subsidiary at the latest by the end of the second quarter. This change would  
increase the interest-bearing net debt of the Group by approximately EUR 20     
million. Konecranes currently has a 43.5 percent holding in the company.        

SHORT-TERM RISKS                                                                

The Group's principal short-term risks and uncertainties derive from a prolonged
downturn in the world economy. A decrease in demand for Konecranes' products and
services may have a continuing negative effect on the Group's sales volume and  
pricing power, and thus result in decreasing profits and a possible impairment  
of goodwill and other assets.                                                   

The shortage of credit may cause difficulties to Konecranes' customers,         
suppliers, and financial and other counterparties. The risk may be realized as  
credit losses, inventory obsolescence, a shortage of supplies or defaulting     
liabilities. So the Group has paid special attention to securing customer       
payments and requiring strict terms for possible postponements by customers.    
Increased attention is also being paid to the financial status of key           
subcontractors and vendors. As of now, no such major risks have materialized.   

Continuing financial crises may also lead to challenges in securing liquidity.  
Although Konecranes has not faced difficulties in financing its business        
operations, the Group aims to keep more cash in the balance sheet than normally.
Konecranes is supported by its solid financial position and strong balance sheet
in securing its liquidity.                                                      

Challenges in financing may lead customers to postpone projects or even to      
cancel existing orders. Currently the stringency has mainly been visible in     
prolonged decision making times. As of now, no major cancellations have occurred
and advance payments represent about one fourth of the order book. However, if  
longer postponements and potential cancellations of some important projects     
materialize, this may deteriorate the quality of the order book and cause       
losses. Konecranes is paying increased attention to order book quality and the  
status of orders is being continuously monitored.                               

Currency rate fluctuations may significantly affect the company's performance.  
The USD/EUR exchange rate has the largest impact on financial performance       
through a combination of the translational effect and transactional exposure.   

FUTURE PROSPECTS                                                                
Weak demand is expected to continue and there is a growing risk for pressure on 
prices. The market for services is more stable than that of new equipment but it
also suffers, especially the parts business. In Standard Lifting, the order     
intake seems to be stabilizing. In Heavy Lifting, energy related industries     
remain active but in most other customer segments capital expenditure remains on
a low level. In the current challenging market, Konecranes considers it         
difficult to give a reliable guidance on sales or profitability for a longer    
period.                                                                         

Second quarter 2009 net sales are expected to be at the same level as in the    
first quarter of 2009 or slightly lower. Second quarter operating margin is     
expected to be lower than in the first quarter 2009. This is due for example to 
declining component production volumes, to a less favorable product mix, and to 
pricing. The effects of the ongoing cost adjustments are only starting to have  
an impact in the second quarter. Based on the second quarter estimate, the first
half year operating margin is expected to be lower than last year.              

Previous guidance in the 2008 Financial Statement Bulletin of February 4, 2009  
was: “Konecranes estimates sales in the first half of the year to be            
approximately at the same level as in the corresponding period a year before.   
Operating margin is estimated to be somewhat lower than in the corresponding    
period in 2008.”                                                                

Helsinki, April 29, 2009                                                        
Konecranes Plc                                                                  
Board of Directors                                                              

Disclaimer                                                                      
                                                                                
It should be noted that certain statements in this report, which are not        
historical facts, including, without limitation, those regarding                
- expectations for general economic development and market situation,           
- expectations for general developments in the industry,                        
- expectations regarding customer industry profitability and investment         
willingness,                                                                    
- expectations for company growth, development and profitability,               
- expectations regarding market demand for the company's products and services, 
- expectations regarding the successful completion of acquisitions on a timely  
basis and our ability to achieve the set targets and synergies,                 
- expectations regarding competitive conditions,                                
- expectations regarding cost savings,                                          
- and statements preceded by "believes," "expects," "anticipates," "foresees" or
similar expressions,                                                            
are forward-looking statements. These statements are based on current           
expectations, decisions and plans and currently known facts. Therefore, they    
involve risks and uncertainties, which may cause actual results to materially   
differ from the results currently expected by the company.  Such factors        
include, but are not limited to,                                                
- general economic conditions, including fluctuations in exchange rates and     
interest levels,                                                                
- the competitive situation, especially significant products or services        
developed by our competitors,                                                   
- industry conditions,                                                          
- the company's own operating factors, including the success of production,     
product development, project management, quality, and timely delivery of our    
products and services and their continuous development,                         
- the success of pending and future acquisitions and restructurings.            

Summary Financial Statements and Notes                                          

ACCOUNTING PRINCIPLES                                                           

The presented financial information is prepared in accordance with International
Accounting Standard (IAS) 34, Interim Financial Reporting, as adopted by the EU.
As of January 1, 2009 Konecranes applied two new or amended standards: IFRS 8,  
Operating Segments and IAS 1, Presentation of Financial Statements - Revised.   
IFRS 8 replaces the IAS 14, Segment Reporting standard. In accordance with IFRS 
8, the identification of operating segments is based on management reporting.   
The new standard did not change the present Segment reporting, because the      
Business Segments specified according to internal reporting are nowadays the    
Group's primary form of managerial reporting. IAS 1 change impacted primarily to
the presentation of the statement of income and the statement of changes in     
equity. Otherwise Konecranes applies the same accounting policies as were       
applied in the year 2008 annual financial statements.                           

The figures presented in the tables above have been rounded to one decimal,     
which should be taken into account when reading the sum figures.                
                                                                                
The interim report has not been subject to audit.                               

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME                                  

--------------------------------------------------------------------------------
| EUR million                    |     1-3/ |    1-3/ |  Change % |      1-12/ |
|                                |     2009 |    2008 |           |       2008 |
--------------------------------------------------------------------------------
| Sales                          |    442.1 |   439.2 |       0.7 |    2 102.5 |
--------------------------------------------------------------------------------
| Other operating income         |      0.7 |     0.6 |           |        6.3 |
--------------------------------------------------------------------------------
| Depreciation and impairments   |     -6.8 |    -6.2 |           |      -26.6 |
--------------------------------------------------------------------------------
| Other operating expenses       |   -399.2 |  -388.7 |           |   -1 833.5 |
--------------------------------------------------------------------------------
| Operating profit               |     36.8 |    45.0 |     -18.1 |      248.7 |
--------------------------------------------------------------------------------
| Share of associates' and joint |      0.0 |     0.2 |           |       -3.9 |
| ventures' result               |          |         |           |            |
--------------------------------------------------------------------------------
| Financial income and expenses  |     -1.5 |     1.1 |           |       -8.6 |
--------------------------------------------------------------------------------
| Profit before taxes            |     35.4 |    46.3 |     -23.5 |      236.2 |
--------------------------------------------------------------------------------
| Taxes                          |    -10.1 |   -13.0 |           |      -69.6 |
--------------------------------------------------------------------------------
| NET PROFIT FOR THE PERIOD      |     25.3 |    33.3 |     -24.1 |      166.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other comprehensive income:    |          |         |           |            |
--------------------------------------------------------------------------------
| Exchange differences on        |      5.1 |    -8.1 |           |       -7.1 |
| translating foreign operations |          |         |           |            |
--------------------------------------------------------------------------------
| Cash flow hedges               |     -0.3 |     1.6 |           |       -0.5 |
--------------------------------------------------------------------------------
| Income tax relating to         |      0.1 |    -0.4 |           |        0.1 |
| components of other            |          |         |           |            |
| comprehensive income           |          |         |           |            |
--------------------------------------------------------------------------------
| Other comprehensive income for |      4.9 |    -7.0 |           |       -7.4 |
| the period, net of tax         |          |         |           |            |
--------------------------------------------------------------------------------
| TOTAL COMPREHENSIVE INCOME FOR |     30.2 |    26.4 |      14.7 |      159.1 |
| THE PERIOD                     |          |         |           |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net profit for the period      |          |         |           |            |
| attributable to:               |          |         |           |            |
--------------------------------------------------------------------------------
| Shareholders of the parent     |     25.4 |    33.3 |           |      166.4 |
| company                        |          |         |           |            |
--------------------------------------------------------------------------------
|    Minority interest           |     -0.1 |     0.0 |           |        0.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total comprehensive income     |          |         |           |            |
| attributable to:               |          |         |           |            |
--------------------------------------------------------------------------------
| Shareholders of the parent     |     30.4 |    26.4 |           |      158.7 |
| company                        |          |         |           |            |
--------------------------------------------------------------------------------
|    Minority interest           |     -0.2 |     0.0 |           |        0.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share, basic      |     0.43 |    0.57 |     -24.6 |       2.83 |
| (EUR)                          |          |         |           |            |
--------------------------------------------------------------------------------
| Earnings per share, diluted    |     0.43 |    0.56 |     -23.9 |       2.82 |
| (EUR)                          |          |         |           |            |
--------------------------------------------------------------------------------


CONSOLIDATED BALANCE SHEET                                                      

--------------------------------------------------------------------------------
| EUR million                        |           |             |               |
--------------------------------------------------------------------------------
| ASSETS                             | 31.3.2009 |   31.3.2008 |    31.12.2008 |
--------------------------------------------------------------------------------
| Non-current assets                 |           |             |               |
--------------------------------------------------------------------------------
| Goodwill                           |      58.4 |        56.4 |          57.8 |
--------------------------------------------------------------------------------
| Intangible assets                  |      61.3 |        60.8 |          62.5 |
--------------------------------------------------------------------------------
| Property, plant and equipment      |      72.7 |        60.6 |          69.5 |
--------------------------------------------------------------------------------
| Advance payments and construction  |       4.3 |         4.1 |           5.4 |
| in progress                        |           |             |               |
--------------------------------------------------------------------------------
| Investments accounted for using    |       7.7 |         4.1 |           7.4 |
| the equity method                  |           |             |               |
--------------------------------------------------------------------------------
| Available-for-sale investments     |       1.9 |         2.0 |           1.9 |
--------------------------------------------------------------------------------
| Long-term loans receivable         |       2.2 |         1.6 |           1.8 |
--------------------------------------------------------------------------------
| Deferred tax assets                |      32.6 |        24.7 |          31.9 |
--------------------------------------------------------------------------------
| Total non-current assets           |     241.2 |       214.4 |         238.3 |
--------------------------------------------------------------------------------
| Current assets                     |           |             |               |
--------------------------------------------------------------------------------
| Inventories                        |           |             |               |
--------------------------------------------------------------------------------
| Raw material and semi-manufactured |     171.4 |       112.0 |         147.0 |
|    goods                           |           |             |               |
--------------------------------------------------------------------------------
|    Work in progress                |     171.3 |       140.7 |         168.4 |
--------------------------------------------------------------------------------
|    Advance payments                |      13.9 |        21.9 |          17.8 |
--------------------------------------------------------------------------------
| Total inventories                  |     356.7 |       274.6 |         333.2 |
--------------------------------------------------------------------------------
| Accounts receivable                |     341.6 |       332.5 |         398.3 |
--------------------------------------------------------------------------------
| Loans receivable                   |       4.1 |         0.3 |           0.4 |
--------------------------------------------------------------------------------
| Other receivables                  |      28.2 |        23.1 |          40.8 |
--------------------------------------------------------------------------------
| Deferred assets                    |      94.5 |       102.7 |          93.6 |
--------------------------------------------------------------------------------
| Cash and cash equivalents          |     116.0 |        59.7 |         100.9 |
--------------------------------------------------------------------------------
| Total current assets               |     941.0 |       793.0 |         967.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| TOTAL ASSETS                       |   1 182.2 |     1 007.4 |       1 205.4 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| EQUITY AND LIABILITIES             |  31.3.2009 |   31.3.2008 |   31.12.2008 |
--------------------------------------------------------------------------------
| Equity attributable to equity      |            |             |              |
| holders of the parent company      |            |             |              |
--------------------------------------------------------------------------------
| Share capital                      |       30.1 |        30.1 |         30.1 |
--------------------------------------------------------------------------------
| Share premium account              |       39.3 |        39.3 |         39.3 |
--------------------------------------------------------------------------------
| Share issue                        |        0.5 |         0.7 |          0.1 |
--------------------------------------------------------------------------------
| Fair value reserves                |        0.7 |         4.5 |          0.9 |
--------------------------------------------------------------------------------
| Translation difference             |      -12.2 |       -21.0 |        -17.4 |
--------------------------------------------------------------------------------
| Paid in capital                    |        8.1 |         3.5 |          7.3 |
--------------------------------------------------------------------------------
| Retained earnings                  |      286.1 |       169.8 |        172.1 |
--------------------------------------------------------------------------------
| Net profit for the period          |       25.4 |        33.3 |        166.4 |
--------------------------------------------------------------------------------
| Total equity attributable to       |      377.9 |       260.2 |        398.8 |
| equity holders of the parent       |            |             |              |
| company                            |            |             |              |
--------------------------------------------------------------------------------
| Minority interest                  |        1.7 |         1.4 |          1.9 |
--------------------------------------------------------------------------------
| Total equity                       |      379.7 |       261.6 |        400.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities                        |            |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current liabilities            |            |             |              |
--------------------------------------------------------------------------------
| Interest-bearing liabilities       |      106.6 |        49.0 |        102.8 |
--------------------------------------------------------------------------------
| Other long-term liabilities        |       55.9 |        56.7 |         56.3 |
--------------------------------------------------------------------------------
| Deferred tax liabilities           |       17.9 |        18.2 |         18.4 |
--------------------------------------------------------------------------------
| Total non-current liabilities      |      180.4 |       123.9 |        177.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Provisions                         |       46.9 |        35.9 |         46.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current liabilities                |            |             |              |
--------------------------------------------------------------------------------
| Interest-bearing liabilities       |       53.5 |        81.5 |         11.6 |
--------------------------------------------------------------------------------
| Advance payments received          |      197.1 |       192.9 |        201.1 |
--------------------------------------------------------------------------------
| Progress billings                  |        3.6 |         2.7 |          4.0 |
--------------------------------------------------------------------------------
| Accounts payable                   |      104.4 |       101.2 |        135.2 |
--------------------------------------------------------------------------------
| Other short-term liabilities       |       24.1 |        31.1 |         23.6 |
| (non-interest bearing)             |            |             |              |
--------------------------------------------------------------------------------
| Accruals                           |      192.6 |       176.6 |        204.9 |
--------------------------------------------------------------------------------
| Total current liabilities          |      575.3 |       586.0 |        580.3 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total liabilities                  |      802.6 |       745.8 |        804.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| TOTAL EQUITY AND LIABILITIES       |    1 182.2 |     1 007.4 |      1 205.4 |
--------------------------------------------------------------------------------


CONSOLIDATED STATEMENT OF CHANGES IN EQUITY                                     

--------------------------------------------------------------------------------
|                     |         |          |   Equity attributable to equity   |
|                     |         |          |   holders of the parent company   |
--------------------------------------------------------------------------------
| EUR million         |  Share  |   Share  |   Share |  Cash flow | Trans-lati |
|                     | capital |  premium |   issue |      hedge |        on  |
|                     |         |  account |         |            | difference |
--------------------------------------------------------------------------------
| Balance at          |    30.1 |     39.3 |     0.1 |        0.9 |      -17.4 |
| 1 January, 2009     |         |          |         |            |            |
--------------------------------------------------------------------------------
| Option exercised    |         |          |         |            |            |
--------------------------------------------------------------------------------
| Share issue         |         |          |     0.3 |            |            |
--------------------------------------------------------------------------------
| Dividends paid to   |         |          |         |            |            |
| equity holders      |         |          |         |            |            |
--------------------------------------------------------------------------------
| Dividends paid to   |         |          |         |            |            |
| minority interest   |         |          |         |            |            |
--------------------------------------------------------------------------------
| Share based         |         |          |         |            |            |
| payments recognized |         |          |         |            |            |
| against equity      |         |          |         |            |            |
--------------------------------------------------------------------------------
| Purchase of         |         |          |         |            |            |
| treasury shares     |         |          |         |            |            |
--------------------------------------------------------------------------------
| Business            |         |          |         |            |            |
| combinations        |         |          |         |            |            |
--------------------------------------------------------------------------------
| Total comprehensive |         |          |         |       -0.2 |        5.2 |
| income              |         |          |         |            |            |
--------------------------------------------------------------------------------
| Balance at          |    30.1 |     39.3 |     0.5 |        0.7 |      -12.2 |
| 31 March, 2009      |         |          |         |            |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Balance at          |    30.1 |     39.3 |     0.0 |        3.3 |      -12.9 |
| 1 January, 2008     |         |          |         |            |            |
--------------------------------------------------------------------------------
| Option exercised    |         |          |         |            |            |
--------------------------------------------------------------------------------
| Share issue         |         |          |     0.7 |            |            |
--------------------------------------------------------------------------------
| Dividends paid to   |         |          |         |            |            |
| equity holders      |         |          |         |            |            |
--------------------------------------------------------------------------------
| Dividends paid to   |         |          |         |            |            |
| minority interest   |         |          |         |            |            |
--------------------------------------------------------------------------------
| Share based         |         |          |         |            |            |
| payments recognized |         |          |         |            |            |
| against equity      |         |          |         |            |            |
--------------------------------------------------------------------------------
| Purchase of         |         |          |         |            |            |
| treasury shares     |         |          |         |            |            |
--------------------------------------------------------------------------------
| Business            |         |          |         |            |            |
| combinations        |         |          |         |            |            |
--------------------------------------------------------------------------------
| Total comprehensive |         |          |         |        1.2 |       -8.1 |
| income              |         |          |         |            |            |
--------------------------------------------------------------------------------
| Balance at          |    30.1 |     39.3 |     0.7 |        4.5 |      -21.0 |
| 31 March, 2008      |         |          |         |            |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|                     |         | Equity attributable to equity holders of the |
|                     |         |                               parent company |
--------------------------------------------------------------------------------
| EUR million         | Paid in | Retained |   Total |   Minority |      Total |
|                     | capital | earnings |         |   interest |     equity |
--------------------------------------------------------------------------------
| Balance at          |     7.3 |    338.5 |   398.8 |        1.9 |      400.7 |
| 1 January, 2009     |         |          |         |            |            |
--------------------------------------------------------------------------------
| Option exercised    |     0.8 |          |     0.8 |            |        0.8 |
--------------------------------------------------------------------------------
| Share issue         |         |          |     0.3 |            |        0.3 |
--------------------------------------------------------------------------------
| Dividends paid to   |         |    -53.3 |   -53.3 |            |      -53.3 |
| equity holders      |         |          |         |            |            |
--------------------------------------------------------------------------------
| Dividends paid to   |         |          |     0.0 |            |        0.0 |
| minority interest   |         |          |         |            |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Share based         |         |      0.9 |     0.9 |            |        0.9 |
| payments recognized |         |          |         |            |            |
| against equity      |         |          |         |            |            |
--------------------------------------------------------------------------------
| Purchase of         |         |          |     0.0 |            |        0.0 |
| treasury shares     |         |          |         |            |            |
--------------------------------------------------------------------------------
| Business            |         |          |     0.0 |            |        0.0 |
| combinations        |         |          |         |            |            |
--------------------------------------------------------------------------------
| Total comprehensive |         |     25.4 |    30.4 |       -0.2 |       30.2 |
| income              |         |          |         |            |            |
--------------------------------------------------------------------------------
| Balance at          |     8.1 |    311.5 |   377.9 |        1.7 |      379.7 |
| 31 March, 2009      |         |          |         |            |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Balance at          |     4.7 |    216.2 |   280.7 |        0.1 |      280.8 |
| 1 January, 2008     |         |          |         |            |            |
--------------------------------------------------------------------------------
| Option exercised    |     0.4 |          |     0.4 |            |        0.4 |
--------------------------------------------------------------------------------
| Share issue         |         |          |     0.7 |            |        0.7 |
--------------------------------------------------------------------------------
| Dividends paid to   |         |    -46.8 |   -46.8 |            |      -46.8 |
| equity holders      |         |          |         |            |            |
--------------------------------------------------------------------------------
| Dividends paid to   |         |          |     0.0 |            |        0.0 |
| minority interest   |         |          |         |            |            |
--------------------------------------------------------------------------------
| Share based         |         |      0.4 |     0.4 |            |        0.4 |
| payments recognized |         |          |         |            |            |
| against equity      |         |          |         |            |            |
--------------------------------------------------------------------------------
| Purchase of         |    -1.6 |          |    -1.6 |            |       -1.6 |
| treasury shares     |         |          |         |            |            |
--------------------------------------------------------------------------------
| Business            |         |          |     0.0 |        1.3 |        1.3 |
| combinations        |         |          |         |            |            |
--------------------------------------------------------------------------------
| Total comprehensive |         |     33.3 |    26.4 |        0.0 |       26.4 |
| income              |         |          |         |            |            |
--------------------------------------------------------------------------------
| Balance at          |     3.5 |    203.1 |   260.2 |        1.4 |      261.6 |
| 31 March, 2008      |         |          |         |            |            |
--------------------------------------------------------------------------------


CONSOLIDATED CASH FLOW STATEMENT                                                

--------------------------------------------------------------------------------
| EUR million                         |  1-3/2009 |    1-3/2008 |    1-12/2008 |
--------------------------------------------------------------------------------
| Cash flow from operating activities |           |             |              |
--------------------------------------------------------------------------------
| Net income                          |      25.3 |        33.3 |        166.6 |
--------------------------------------------------------------------------------
| Adjustments to net income           |           |             |              |
--------------------------------------------------------------------------------
|    Taxes                            |      10.1 |        13.0 |         69.6 |
--------------------------------------------------------------------------------
|    Financial income and expenses    |       1.5 |        -1.0 |          8.9 |
--------------------------------------------------------------------------------
|    Share of associates' and joint   |       0.0 |        -0.2 |          3.9 |
|    ventures' result                 |           |             |              |
--------------------------------------------------------------------------------
|    Dividend income                  |       0.0 |         0.0 |         -0.3 |
--------------------------------------------------------------------------------
|    Depreciation and impairments     |       6.8 |         6.2 |         26.6 |
--------------------------------------------------------------------------------
| Profits and losses on sale of fixed |       0.0 |         0.0 |         -0.6 |
|    assets                           |           |             |              |
--------------------------------------------------------------------------------
|    Other adjustments                |       0.3 |         0.0 |          0.4 |
--------------------------------------------------------------------------------
| Operating income before change in   |      43.9 |        51.1 |        275.1 |
| net working capital                 |           |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Change in interest-free short-term  |      78.4 |       -26.5 |        -92.1 |
| receivables                         |           |             |              |
--------------------------------------------------------------------------------
| Change in inventories               |     -17.9 |       -25.4 |        -77.3 |
--------------------------------------------------------------------------------
| Change in interest-free short-term  |     -51.0 |        22.8 |         77.9 |
| liabilities                         |           |             |              |
--------------------------------------------------------------------------------
| Change in net working capital       |       9.5 |       -29.0 |        -91.5 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow from operations before    |      53.4 |        22.1 |        183.7 |
| financing items and taxes           |           |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest received                   |       0.3 |         0.2 |          2.8 |
--------------------------------------------------------------------------------
| Interest paid                       |      -2.0 |        -1.0 |         -8.3 |
--------------------------------------------------------------------------------
| Other financial income and expenses |       0.8 |         0.0 |         -0.6 |
--------------------------------------------------------------------------------
| Income taxes paid                   |     -20.0 |       -13.3 |        -70.5 |
--------------------------------------------------------------------------------
| Financing items and taxes           |     -20.8 |       -14.1 |        -76.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net cash from operating activities  |      32.6 |         8.0 |        107.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow from investing activities |           |             |              |
--------------------------------------------------------------------------------
| Acquisition of Group companies, net |      -0.4 |        -1.1 |        -12.3 |
| of cash                             |           |             |              |
--------------------------------------------------------------------------------
| Divestment of Group companies, net  |       0.0 |         0.0 |          0.4 |
| of cash                             |           |             |              |
--------------------------------------------------------------------------------
| Acquisition of shares in associated |       0.0 |         0.0 |         -3.0 |
| companies                           |           |             |              |
--------------------------------------------------------------------------------
| Investments in other shares         |       0.0 |        -0.1 |         -0.5 |
--------------------------------------------------------------------------------
| Capital expenditures                |      -4.8 |        -2.6 |        -22.8 |
--------------------------------------------------------------------------------
| Proceeds from sale of fixed assets  |       0.2 |         0.1 |          1.0 |
--------------------------------------------------------------------------------
| Dividends received                  |       0.0 |         0.0 |          0.3 |
--------------------------------------------------------------------------------
| Net cash used in investing          |      -5.0 |        -3.6 |        -36.9 |
| activities                          |           |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow before financing          |      27.6 |         4.4 |         70.2 |
| activities                          |           |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow from financing activities |           |             |              |
--------------------------------------------------------------------------------
| Proceeds from options exercised and |       0.7 |         0.4 |          4.3 |
| share issues                        |           |             |              |
--------------------------------------------------------------------------------
| Purchase of treasury shares         |       0.0 |        -2.5 |         -2.5 |
--------------------------------------------------------------------------------
| Proceeds from long-term borrowings  |      81.4 |         2.5 |        105.7 |
--------------------------------------------------------------------------------
| Repayments of long-term borrowings  |     -80.0 |         0.0 |        -52.9 |
--------------------------------------------------------------------------------
| Proceeds from (+), payments of (-)  |      41.5 |        47.4 |        -29.7 |
| short-term borrowings               |           |             |              |
--------------------------------------------------------------------------------
| Change in long-term receivables     |      -0.3 |         0.1 |         -0.2 |
--------------------------------------------------------------------------------
| Change in short-term receivables    |      -3.7 |        -0.1 |         -0.2 |
--------------------------------------------------------------------------------
| Dividends paid to equity holders of |     -53.3 |       -46.8 |        -46.8 |
| the parent                          |           |             |              |
--------------------------------------------------------------------------------
| Dividends paid to minority interest |       0.0 |         0.0 |         -0.1 |
--------------------------------------------------------------------------------
| Net cash used in financing          |     -13.8 |         1.1 |        -22.4 |
| activities                          |           |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Translation differences in cash     |       1.3 |        -1.8 |         -2.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Change of cash and cash equivalents |      15.1 |         3.8 |         45.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash and cash equivalents at        |     100.9 |        56.0 |         56.0 |
| beginning of period                 |           |             |              |
--------------------------------------------------------------------------------
| Cash and cash equivalents at end of |     116.0 |        59.7 |        100.9 |
| period                              |           |             |              |
--------------------------------------------------------------------------------
| Change of cash and cash equivalents |      15.1 |         3.8 |         45.0 |
--------------------------------------------------------------------------------

The effect of changes in exchange rates has been eliminated by converting the   
beginning balance at the rates current on the last day of the year.             


SEGMENT INFORMATION                                                             

1. BUSINESS SEGMENTS                                                            

--------------------------------------------------------------------------------
| EUR million           |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Orders received by    |   1-3/ |  % of |    1-3/ |   % of |   1-12/ |   % of |
| Business Area         |   2009 | total |    2008 |  total |    2008 |  total |
--------------------------------------------------------------------------------
| Service 1)            |  125.6 |    32 |   156.1 |     26 |   658.2 |     30 |
--------------------------------------------------------------------------------
| Standard Lifting      |  132.6 |    34 |   222.2 |     38 |   859.0 |     39 |
--------------------------------------------------------------------------------
| Heavy Lifting         |  133.8 |    34 |   212.2 |     36 |   686.0 |     31 |
--------------------------------------------------------------------------------
| ./. Internal          |  -22.3 |       |   -28.2 |        |  -136.1 |        |
--------------------------------------------------------------------------------
| Total                 |  369.7 |   100 |   562.3 |    100 | 2 067.1 |    100 |
--------------------------------------------------------------------------------
| 1) Excl. Service      |        |       |         |        |         |        |
| Contract Base         |        |       |         |        |         |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|                       |  31.3. |  % of |   31.3. |   % of |  31.12. |   % of |
|                       |   2009 | total |    2008 |  total |    2008 |  total |
--------------------------------------------------------------------------------
| Order book total  2)  |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Service               |  109.1 |    13 |   121.8 |     13 |   117.3 |     14 |
--------------------------------------------------------------------------------
| Standard Lifting      |  281.0 |    35 |   338.4 |     36 |   327.9 |     38 |
--------------------------------------------------------------------------------
| Heavy Lifting         |  420.3 |    52 |   476.5 |     51 |   420.2 |     49 |
--------------------------------------------------------------------------------
| ./. Internal          |  -18.5 |       |   -27.0 |        |   -29.1 |        |
--------------------------------------------------------------------------------
| Total                 |  792.0 |   100 |   909.7 |    100 |   836.3 |    100 |
--------------------------------------------------------------------------------
| 2) Percentage of      |        |       |         |        |         |        |
| completion deducted   |        |       |         |        |         |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Sales by Business     |   1-3/ |  % of |    1-3/ |   % of |   1-12/ |   % of |
| Area                  |   2009 | total |    2008 |  total |    2008 |  total |
--------------------------------------------------------------------------------
| Service               |  169.7 |    36 |   166.1 |     35 |   754.3 |     34 |
--------------------------------------------------------------------------------
| Standard Lifting      |  178.2 |    37 |   168.3 |     36 |   835.4 |     37 |
--------------------------------------------------------------------------------
| Heavy Lifting         |  129.7 |    27 |   134.2 |     29 |   659.4 |     29 |
--------------------------------------------------------------------------------
| ./. Internal          |  -35.4 |       |   -29.5 |        |  -146.6 |        |
--------------------------------------------------------------------------------
| Total                 |  442.1 |   100 |   439.2 |    100 | 2 102.5 |    100 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Operating profit      |   1-3/ |  EBIT |    1-3/ | EBIT % |   1-12/ | EBIT % |
| (EBIT) by Business    |   2009 |     % |    2008 |        |    2008 |        |
| Area                  |   MEUR |       |    MEUR |        |    MEUR |        |
--------------------------------------------------------------------------------
| Service               |   18.8 |  11.1 |    22.2 |   13.4 |   106.2 |   14.1 |
--------------------------------------------------------------------------------
| Standard Lifting      |   21.3 |  12.0 |    26.8 |   15.9 |   140.0 |   16.8 |
--------------------------------------------------------------------------------
| Heavy Lifting         |   10.0 |   7.7 |     7.7 |    5.8 |    53.6 |    8.1 |
--------------------------------------------------------------------------------
| Group costs           |  -13.8 |       |   -11.0 |        |   -47.2 |        |
--------------------------------------------------------------------------------
| Consolidation items   |    0.5 |       |    -0.7 |        |    -3.9 |        |
--------------------------------------------------------------------------------
| Total                 |   36.8 |   8.3 |    45.0 |   10.2 |   248.7 |   11.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Personnel by Business |  31.3. |  % of |   31.3. |   % of |  31.12. |   % of |
| Area (at the end of   |   2009 | total |    2008 |  total |    2008 |  total |
| the period)           |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Service               |  5 387 |    55 |   4 855 |     55 |   5 372 |     54 |
--------------------------------------------------------------------------------
| Standard Lifting      |  2 729 |    28 |   2 471 |     28 |   2 808 |     28 |
--------------------------------------------------------------------------------
| Heavy Lifting         |  1 451 |    15 |   1 296 |     15 |   1 439 |     15 |
--------------------------------------------------------------------------------
| Group staff           |    299 |     3 |     223 |      3 |     285 |      3 |
--------------------------------------------------------------------------------
| Total                 |  9 866 |   100 |   8 845 |    100 |   9 904 |    100 |
--------------------------------------------------------------------------------

2. GEOGRAPHICAL SEGMENTS                                                        

--------------------------------------------------------------------------------
| EUR million         |        |        |        |        |          |         |
--------------------------------------------------------------------------------
| Sales by market     |   1-3/ |   % of |   1-3/ |   % of |    1-12/ |    % of |
|                     |   2009 |  total |   2008 |  total |     2008 |   total |
--------------------------------------------------------------------------------
| Europe-Middle       |  246.4 |     56 |  243.3 |     55 |  1 207.5 |      57 |
| East-Africa (EMEA)  |        |        |        |        |          |         |
--------------------------------------------------------------------------------
| Americas (AME)      |  132.7 |     30 |  144.3 |     33 |    591.7 |      28 |
--------------------------------------------------------------------------------
| Asia-Pacific (APAC) |   63.0 |     14 |   51.5 |     12 |    303.3 |      14 |
--------------------------------------------------------------------------------
| Total               |  442.1 |    100 |  439.2 |    100 |  2 102.5 |     100 |
--------------------------------------------------------------------------------


NOTES:                                                                          

--------------------------------------------------------------------------------
| KEY FIGURES             |  31.3.2009 |  31.3.2008 |   Change % |  31.12.2008 |
--------------------------------------------------------------------------------
| Earnings per share,     |       0.43 |       0.57 |      -24.6 |        2.83 |
| basic (EUR)             |            |            |            |             |
--------------------------------------------------------------------------------
| Earnings per share,     |       0.43 |       0.56 |      -23.9 |        2.82 |
| diluted (EUR)           |            |            |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Return on capital       |       50.4 |       51.0 |       -1.2 |        56.3 |
| employed %, Rolling 12  |            |            |            |             |
| Months (R12M)           |            |            |            |             |
--------------------------------------------------------------------------------
| Return on equity %,     |       49.4 |       59.6 |      -17.1 |        48.9 |
| Rolling 12 Months       |            |            |            |             |
| (R12M)                  |            |            |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity per share (EUR)  |       6.38 |       4.47 |       42.7 |        6.75 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current ratio           |        1.5 |        1.3 |       15.4 |         1.5 |
--------------------------------------------------------------------------------
| Gearing %               |       10.0 |       26.3 |      -62.0 |         2.8 |
--------------------------------------------------------------------------------
| Solidity %              |       38.5 |       32.1 |       19.9 |        39.9 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EBITDA, EUR million     |       43.6 |       51.1 |      -14.8 |       275.3 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Investments total       |        6.0 |        3.1 |       92.8 |        22.3 |
| (excl. acquisitions),   |            |            |            |             |
| EUR million             |            |            |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest-bearing net    |       37.8 |       68.9 |      -45.1 |        11.3 |
| debt, EUR million       |            |            |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net working capital,    |      267.0 |      199.1 |       34.1 |       263.8 |
| EUR million             |            |            |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Average number of       |      9 885 |      8 625 |       14.6 |       9 222 |
| personnel during the    |            |            |            |             |
| period                  |            |            |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Average number of       | 59 137 550 | 58 469 652 |        1.1 |  58 725 782 |
| shares outstanding,     |            |            |            |             |
| basic                   |            |            |            |             |
--------------------------------------------------------------------------------
| Average number of       | 59 202 419 | 59 089 956 |        0.2 |  58 986 740 |
| shares outstanding,     |            |            |            |             |
| diluted                 |            |            |            |             |
--------------------------------------------------------------------------------
| Number of shares        | 59 196 720 | 58 504 820 |        1.2 |  59 069 720 |
| outstanding, at end of  |            |            |            |             |
| the period              |            |            |            |             |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| The period end exchange | 31.3.2009 |   31.3.2008 |  Change % |   31.12.2008 |
| rates*:                 |           |             |           |              |
--------------------------------------------------------------------------------
| USD - US dollar         |     1.330 |       1.580 |      18.8 |        1.392 |
--------------------------------------------------------------------------------
| CAD - Canadian dollar   |     1.645 |       1.608 |      -2.2 |        1.700 |
--------------------------------------------------------------------------------
| GBP - Pound sterling    |     0.929 |       0.791 |     -14.8 |        0.953 |
--------------------------------------------------------------------------------
| CNY - Chinese yuan      |     9.084 |      11.076 |      21.9 |        9.496 |
--------------------------------------------------------------------------------
| SGD - Singapore dollar  |     2.016 |       2.179 |       8.1 |        2.004 |
--------------------------------------------------------------------------------
| SEK - Swedish krona     |    10.894 |       9.377 |     -13.9 |       10.870 |
--------------------------------------------------------------------------------
| NOK - Norwegian krone   |     8.800 |       8.048 |      -8.6 |        9.750 |
--------------------------------------------------------------------------------
| AUD - Australian dollar |     1.923 |       1.717 |     -10.7 |        2.027 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| The period average      | 31.3.2009 |   31.3.2008 |  Change % |   31.12.2008 |
| exchange rates*:        |           |             |           |              |
--------------------------------------------------------------------------------
| USD - US dollar         |     1.302 |       1.496 |      15.0 |        1.471 |
--------------------------------------------------------------------------------
| CAD - Canadian dollar   |     1.622 |       1.500 |      -7.5 |        1.559 |
--------------------------------------------------------------------------------
| GBP - Pound sterling    |     0.908 |       0.756 |     -16.7 |        0.796 |
--------------------------------------------------------------------------------
| CNY - Chinese yuan      |     8.898 |      10.721 |      20.5 |       10.225 |
--------------------------------------------------------------------------------
| SGD - Singapore dollar  |     1.970 |       2.110 |       7.1 |        2.076 |
--------------------------------------------------------------------------------
| SEK - Swedish krona     |    10.944 |       9.400 |     -14.1 |        9.610 |
--------------------------------------------------------------------------------
| NOK - Norwegian krone   |     8.941 |       7.957 |     -11.0 |        8.218 |
--------------------------------------------------------------------------------
| AUD - Australian dollar |     1.968 |       1.652 |     -16.0 |        1.741 |
--------------------------------------------------------------------------------

*Accounting periods applied in Konecranes' financial reports are based on weeks.
The presented exchange rates are determined by rates on the last Friday of the  
period.                                                                         


--------------------------------------------------------------------------------
| CONTINGENT LIABILITIES AND PLEDGED ASSETS     |              |               |
--------------------------------------------------------------------------------
| EUR million                     |   31.3.2009 |    31.3.2008 |    31.12.2008 |
--------------------------------------------------------------------------------
| For own commercial obligations  |             |              |               |
--------------------------------------------------------------------------------
|    Pledged assets               |         0.4 |          1.3 |           0.2 |
--------------------------------------------------------------------------------
|    Guarantees                   |       208.0 |        233.3 |         159.0 |
--------------------------------------------------------------------------------
| For associated companies        |             |              |               |
--------------------------------------------------------------------------------
|    Guarantees                   |        13.5 |         10.0 |          13.0 |
--------------------------------------------------------------------------------
| Leasing liabilities             |             |              |               |
--------------------------------------------------------------------------------
|    Next year                    |        30.6 |         23.2 |          29.7 |
--------------------------------------------------------------------------------
|    Later on                     |        67.3 |         63.5 |          66.0 |
--------------------------------------------------------------------------------
| Other                           |         0.2 |          0.2 |           0.2 |
--------------------------------------------------------------------------------
| Total                           |       319.8 |        331.5 |         268.2 |
--------------------------------------------------------------------------------

Leasing contracts follow the normal practices in corresponding countries.       


Contingent liabilities relating to litigations                                  

Various legal actions, claims and other proceedings are pending against the     
Group in various countries. These actions, claims and other proceedings are     
typical for this industry and consistent with a global business offering that   
encompasses a wide range of products and services. These matters involve        
contractual disputes, warranty claims, product liability (including design      
defects, manufacturing defects, failure to warn and asbestos legacy),           
employment, vehicles and other matters involving claims of general liability.   
While the final outcome of these matters cannot be predicted with certainty     
Konecranes is of the opinion, based on the information available to date and    
considering the grounds presented for such claims, available insurance coverage 
and the reserves made, that the outcome of such actions, claims and other       
proceedings, if unfavorable, would not have a material, adverse impact on the   
financial condition of the Group.                                               


NOMINAL AND FAIR VALUES OF DERIVATIVE FINANCIAL INSTRUMENTS                     

--------------------------------------------------------------------------------
| EUR million     |   31.3. |  31.3. |  31.3. |   31.3. |    31.12. |   31.12. |
|                 |    2009 |   2009 |   2008 |    2008 |      2008 |     2008 |
--------------------------------------------------------------------------------
|                 | Nominal |   Fair | Nomina |    Fair |   Nominal |     Fair |
|                 |   value |  value |      l |   value |     value |    value |
|                 |         |        |  value |         |           |          |
--------------------------------------------------------------------------------
| Foreign         |   232.9 |    3.2 |  155.8 |     8.4 |     165.9 |      5.7 |
| exchange        |         |        |        |         |           |          |
| forward         |         |        |        |         |           |          |
| contracts       |         |        |        |         |           |          |
--------------------------------------------------------------------------------
| Electricity     |     1.7 |   -0.5 |    1.2 |     0.2 |       1.8 |     -0.4 |
| derivatives     |         |        |        |         |           |          |
--------------------------------------------------------------------------------
| Total           |   234.6 |    2.7 |  157.0 |     8.6 |     167.7 |      5.3 |
--------------------------------------------------------------------------------

Derivatives are used for hedging currency and interest rate risks, as well as   
the risk of electricity price fluctuations. The Company applies hedge accounting
on the derivatives used to hedge cash flows in Heavy Lifting projects.          


ACQUISITIONS                                                                    

In the beginning of January 2009, Konecranes purchased the business of the      
Finnish machine tool service (MTS) company Työstökonehuolto J. Kalliokoski. At  
the end of February 2009, Konecranes strengthened its position in MTS business  
in Scandinavia by acquiring the business of the Swedish company J.W. Anderssons 
Maskinaktiebolag.                                                               

The preliminary fair values of the identifiable assets and liabilities of the   
acquired businesses at the date of acquisitions are summarized below.           

--------------------------------------------------------------------------------
| EUR million                               |       31.3.2009 |      31.3.2009 |
--------------------------------------------------------------------------------
|                                           |   Recognized on |      Carrying  |
|                                           |     acquisition |          value |
--------------------------------------------------------------------------------
| Intangible assets                         |             0.6 |            0.0 |
--------------------------------------------------------------------------------
| Tangible assets                           |             0.0 |            0.0 |
--------------------------------------------------------------------------------
| Deferred tax assets                       |             0.0 |            0.0 |
--------------------------------------------------------------------------------
| Inventories                               |             0.0 |            0.0 |
--------------------------------------------------------------------------------
| Account receivables and other assets      |             0.0 |            0.0 |
--------------------------------------------------------------------------------
| Cash and bank                             |             0.0 |            0.0 |
--------------------------------------------------------------------------------
| Total assets                              |             0.6 |            0.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Deferred tax liabilities                  |             0.0 |            0.0 |
--------------------------------------------------------------------------------
| Account payables                          |             0.0 |            0.0 |
--------------------------------------------------------------------------------
| Other liabilities                         |             0.0 |            0.0 |
--------------------------------------------------------------------------------
| Minority interest                         |             0.0 |            0.0 |
--------------------------------------------------------------------------------
| Total liabilities                         |             0.0 |            0.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net assets                                |             0.6 |            0.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Acquisition costs                         |             0.6 |                |
--------------------------------------------------------------------------------
| Goodwill                                  |             0.0 |                |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash outflow on acquisition               |                 |                |
--------------------------------------------------------------------------------
| Acquisition costs                         |             0.6 |                |
--------------------------------------------------------------------------------
| Cash flow of earlier interests in         |             0.0 |                |
| acquired businesses                       |                 |                |
--------------------------------------------------------------------------------
| Liabilities assumed                       |            -0.2 |                |
--------------------------------------------------------------------------------
| Acquisition costs paid in cash            |             0.4 |                |
--------------------------------------------------------------------------------
| Cash and cash equivalents of acquired     |             0.0 |                |
| companies                                 |                 |                |
--------------------------------------------------------------------------------
| Net cash flow arising on acquisition      |             0.4 |                |
--------------------------------------------------------------------------------


QUARTERLY FIGURES:                                                              

CONSOLIDATED STATEMENT OF INCOME, QUARTERLY                                     

--------------------------------------------------------------------------------
| EUR million           | Q1/2009 |  Q4/2008 |  Q3/2008 |  Q2/2008 |   Q1/2008 |
--------------------------------------------------------------------------------
| Sales                 |   442.1 |    650.4 |    520.4 |    492.4 |     439.2 |
--------------------------------------------------------------------------------
| Other operating       |     0.7 |      4.0 |      0.5 |      1.3 |       0.6 |
| income                |         |          |          |          |           |
--------------------------------------------------------------------------------
| Depreciation and      |    -6.8 |     -7.3 |     -6.7 |     -6.5 |      -6.2 |
| impairments           |         |          |          |          |           |
--------------------------------------------------------------------------------
| Other operating       |  -399.2 |   -570.7 |   -445.3 |   -428.9 |    -388.7 |
| expenses              |         |          |          |          |           |
--------------------------------------------------------------------------------
| Operating profit      |    36.8 |     76.5 |     69.0 |     58.3 |      45.0 |
--------------------------------------------------------------------------------
| Share of associates'  |     0.0 |     -3.5 |     -0.8 |      0.2 |       0.2 |
| and joint ventures'   |         |          |          |          |           |
| result                |         |          |          |          |           |
--------------------------------------------------------------------------------
| Financial income and  |    -1.5 |      0.8 |     -4.6 |     -5.9 |       1.1 |
| expenses              |         |          |          |          |           |
--------------------------------------------------------------------------------
| Profit before taxes   |    35.4 |     73.8 |     63.5 |     52.6 |      46.3 |
--------------------------------------------------------------------------------
| Taxes                 |   -10.1 |    -23.8 |    -18.1 |    -14.7 |     -13.0 |
--------------------------------------------------------------------------------
| Net profit for the    |    25.3 |     50.0 |     45.4 |     37.9 |      33.3 |
| period                |         |          |          |          |           |
--------------------------------------------------------------------------------

CONSOLIDATED BALANCE SHEET                                                      

--------------------------------------------------------------------------------
| EUR million           | Q1/2009 | Q4/2008 |   Q3/2008 |  Q2/2008 |   Q1/2008 |
--------------------------------------------------------------------------------
| ASSETS                |         |         |           |          |           |
--------------------------------------------------------------------------------
| Goodwill              |    58.4 |    57.8 |      59.8 |     59.1 |      56.4 |
--------------------------------------------------------------------------------
| Intangible assets     |    61.3 |    62.5 |      63.5 |     63.8 |      60.8 |
--------------------------------------------------------------------------------
| Property, plant and   |    72.7 |    69.5 |      66.3 |     63.4 |      60.6 |
| equipment             |         |         |           |          |           |
--------------------------------------------------------------------------------
| Other                 |    48.8 |    48.5 |      42.9 |     38.6 |      36.6 |
--------------------------------------------------------------------------------
| Total non-current     |   241.2 |   238.3 |     232.4 |    224.8 |     214.4 |
| assets                |         |         |           |          |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Inventories           |   356.7 |   333.2 |     359.6 |    323.5 |     274.6 |
--------------------------------------------------------------------------------
| Receivables and other |   468.3 |   533.0 |     512.7 |    488.6 |     458.7 |
| current assets        |         |         |           |          |           |
--------------------------------------------------------------------------------
| Cash and cash         |   116.0 |   100.9 |      75.1 |     77.3 |      59.7 |
| equivalents           |         |         |           |          |           |
--------------------------------------------------------------------------------
| Total current assets  |   941.0 |   967.1 |     947.4 |    889.4 |     793.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total assets          | 1 182.2 | 1 205.4 |   1 179.8 |  1 114.2 |   1 007.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EQUITY AND            |         |         |           |          |           |
| LIABILITIES           |         |         |           |          |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total equity          |   379.7 |   400.7 |     354.6 |    302.0 |     261.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current           |   180.4 |   177.6 |     109.5 |    134.1 |     123.9 |
| liabilities           |         |         |           |          |           |
--------------------------------------------------------------------------------
| Provisions            |    46.9 |    46.8 |      41.8 |     38.8 |      35.9 |
--------------------------------------------------------------------------------
| Advance payments      |   197.1 |   201.1 |     245.8 |    219.3 |     192.9 |
| received              |         |         |           |          |           |
--------------------------------------------------------------------------------
| Other current         |   378.2 |   379.3 |     428.1 |    420.0 |     393.1 |
| liabilities           |         |         |           |          |           |
--------------------------------------------------------------------------------
| Total liabilities     |   802.6 |   804.7 |     825.2 |    812.2 |     745.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total equity and      | 1 182.2 | 1 205.4 |   1 179.8 |  1 114.2 |   1 007.4 |
| liabilities           |         |         |           |          |           |
--------------------------------------------------------------------------------


CONSOLIDATED CASH FLOW STATEMENT - QUARTERLY                                    

--------------------------------------------------------------------------------
| EUR million           | Q1/2009 |  Q4/2008 |  Q3/2008 |  Q2/2008 |   Q1/2008 |
--------------------------------------------------------------------------------
| Cash flow before      |    43.9 |     83.2 |     76.0 |     64.9 |      51.1 |
| change in net working |         |          |          |          |           |
| capital               |         |          |          |          |           |
--------------------------------------------------------------------------------
| Change in net working |     9.5 |    -30.5 |     -2.0 |    -29.9 |     -29.0 |
| capital               |         |          |          |          |           |
--------------------------------------------------------------------------------
| Financing items and   |   -20.8 |    -19.1 |    -22.5 |    -20.9 |     -14.1 |
| taxes                 |         |          |          |          |           |
--------------------------------------------------------------------------------
| Net cash from         |    32.6 |     33.5 |     51.4 |     14.1 |       8.0 |
| operating activities  |         |          |          |          |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow from        |    -5.0 |     -9.2 |     -9.7 |    -14.5 |      -3.6 |
| investing activities  |         |          |          |          |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow before      |    27.6 |     24.3 |     41.8 |     -0.4 |       4.4 |
| financing activities  |         |          |          |          |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Proceeds from options |     0.7 |      1.3 |      0.4 |      2.2 |       0.4 |
| exercised and share   |         |          |          |          |           |
| issues                |         |          |          |          |           |
--------------------------------------------------------------------------------
| Purchase of treasury  |     0.0 |      0.0 |      0.0 |      0.0 |      -2.5 |
| shares                |         |          |          |          |           |
--------------------------------------------------------------------------------
| Change of             |    38.8 |      2.9 |    -45.3 |     15.1 |      50.0 |
| interest-bearing debt |         |          |          |          |           |
--------------------------------------------------------------------------------
| Dividends paid to     |   -53.3 |      0.0 |      0.0 |      0.0 |     -46.8 |
| equity holders of the |         |          |          |          |           |
| parent                |         |          |          |          |           |
--------------------------------------------------------------------------------
| Dividends paid to     |     0.0 |      0.0 |     -0.1 |      0.0 |       0.0 |
| minority interest     |         |          |          |          |           |
--------------------------------------------------------------------------------
| Net cash used in      |   -13.8 |      4.2 |    -45.0 |     17.3 |       1.1 |
| financing activities  |         |          |          |          |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Translation           |     1.3 |     -2.7 |      1.0 |      0.8 |      -1.8 |
| differences in cash   |         |          |          |          |           |
--------------------------------------------------------------------------------
| Change of cash and    |    15.1 |     25.8 |     -2.2 |     17.6 |       3.8 |
| cash equivalents      |         |          |          |          |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash and cash         |   100.9 |     75.1 |     77.3 |     59.7 |      56.0 |
| equivalents at        |         |          |          |          |           |
| beginning of period   |         |          |          |          |           |
--------------------------------------------------------------------------------
| Cash and cash         |   116.0 |    100.9 |     75.1 |     77.3 |      59.7 |
| equivalents at end of |         |          |          |          |           |
| period                |         |          |          |          |           |
--------------------------------------------------------------------------------
| Change of cash and    |    15.1 |     25.8 |     -2.2 |     17.6 |       3.8 |
| cash equivalents      |         |          |          |          |           |
--------------------------------------------------------------------------------


QUARTERLY SEGMENT INFORMATION                                                   

--------------------------------------------------------------------------------
| EUR million           |         |          |          |           |          |
--------------------------------------------------------------------------------
| Sales by Business     | Q1/2009 |  Q4/2008 |  Q3/2008 |   Q2/2008 |  Q1/2008 |
| Area                  |         |          |          |           |          |
--------------------------------------------------------------------------------
| Service               |   169.7 |    220.6 |    187.2 |     180.5 |    166.1 |
--------------------------------------------------------------------------------
| Standard Lifting      |   178.2 |    256.4 |    206.7 |     203.9 |    168.3 |
--------------------------------------------------------------------------------
| Heavy Lifting         |   129.7 |    219.8 |    160.5 |     144.8 |    134.2 |
--------------------------------------------------------------------------------
| ./. Internal          |   -35.4 |    -46.4 |    -33.9 |     -36.8 |    -29.5 |
--------------------------------------------------------------------------------
| Total                 |   442.1 |    650.4 |    520.4 |     492.4 |    439.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Operating profit      | Q1/2009 |  Q4/2008 |  Q3/2008 |   Q2/2008 |  Q1/2008 |
| (EBIT) by Business    |         |          |          |           |          |
| Area                  |         |          |          |           |          |
--------------------------------------------------------------------------------
| Service               |    18.8 |     33.3 |     27.1 |      23.5 |     22.2 |
--------------------------------------------------------------------------------
| Standard Lifting      |    21.3 |     40.3 |     38.1 |      34.9 |     26.8 |
--------------------------------------------------------------------------------
| Heavy Lifting         |    10.0 |     18.8 |     14.5 |      12.6 |      7.7 |
--------------------------------------------------------------------------------
| Group costs           |   -13.8 |    -15.8 |     -9.8 |     -10.6 |    -11.0 |
--------------------------------------------------------------------------------
| Consolidation items   |     0.5 |     -0.1 |     -1.0 |      -2.0 |     -0.7 |
--------------------------------------------------------------------------------
| Total                 |    36.8 |     76.5 |     69.0 |      58.3 |     45.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Orders received by    | Q1/2009 |  Q4/2008 |  Q3/2008 |   Q2/2008 |  Q1/2008 |
| Business Area         |         |          |          |           |          |
--------------------------------------------------------------------------------
| Service 1)            |   125.6 |    159.3 |    170.1 |     172.6 |    156.1 |
--------------------------------------------------------------------------------
| Standard Lifting      |   132.6 |    168.9 |    223.1 |     244.8 |    222.2 |
--------------------------------------------------------------------------------
| Heavy Lifting         |   133.8 |    116.4 |    159.1 |     198.4 |    212.2 |
--------------------------------------------------------------------------------
| ./. Internal          |   -22.3 |    -35.1 |    -36.3 |     -36.5 |    -28.2 |
--------------------------------------------------------------------------------
| Total                 |   369.7 |    409.6 |    515.9 |     579.3 |    562.3 |
--------------------------------------------------------------------------------
| 1) Excl. Service      |         |          |          |           |          |
| Contract Base         |         |          |          |           |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Order book by         | Q1/2009 |  Q4/2008 |  Q3/2008 |   Q2/2008 |  Q1/2008 |
| Business Area         |         |          |          |           |          |
--------------------------------------------------------------------------------
| Service               |   109.1 |    117.3 |    151.6 |     140.2 |    121.8 |
--------------------------------------------------------------------------------
| Standard Lifting      |   281.0 |    327.9 |    418.2 |     387.8 |    338.4 |
--------------------------------------------------------------------------------
| Heavy Lifting         |   420.3 |    420.2 |    531.7 |     528.0 |    476.5 |
--------------------------------------------------------------------------------
| ./. Internal          |   -18.5 |    -29.1 |    -36.4 |     -28.3 |    -27.0 |
--------------------------------------------------------------------------------
| Total                 |   792.0 |    836.3 |  1 065.2 |   1 027.7 |    909.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Sales by market       | Q1/2009 |  Q4/2008 |  Q3/2008 |   Q2/2008 |  Q1/2008 |
--------------------------------------------------------------------------------
| Europe-Middle         |         |    380.3 |    298.1 |     285.9 |    243.3 |
| East-Africa (EMEA)    |  246.4  |          |          |           |          |
--------------------------------------------------------------------------------
| Americas (AME)        |  132.7  |    178.1 |    144.1 |     125.1 |    144.3 |
--------------------------------------------------------------------------------
| Asia-Pacific (APAC)   |   63.0  |     92.0 |     78.3 |      81.5 |     51.5 |
--------------------------------------------------------------------------------
| Total                 |  442.1  |    650.4 |    520.4 |     492.4 |    439.2 |
--------------------------------------------------------------------------------


Analyst and press briefing                                                      

A presentation for media and analysts will be held at Konecranes office in      
Helsinki at 12.00 p.m. Finnish time (address: Eteläesplanadi 22 B, inner court, 
2nd floor). The event will be held in English and January-March interim review  
will be presented by Konecranes' President and CEO Pekka Lundmark and CFO Teo   
Ottola. The presentation material will be available on the Company's internet   
pages at www.konecranes.com after the release of this report.                   

The conference can also be viewed as a live webcast through the internet pages  
at www.konecranes.com. The archived webcast will be available on the internet   
pages later during the day.                                                     

Next report                                                                     

Konecranes January-June 2009 interim report will be published on July 29, 2009. 


Sender:                                                                         
KONECRANES PLC                                                                  

Sanna Päiväniemi                                                                
IR Manager                                                                      

For further information, please contact:                                        
Mr Pekka Lundmark, President and CEO, tel. +358 20 427 2000                     
Mr Teo Ottola, Chief Financial Officer, tel. +358 20 427 2040                   
Ms Sanna Päiväniemi, IR Manager, tel. +358 20 427 2050                          
Mr Mikael Wegmüller,                                                            
Director, Marketing and Communications, tel. +358 20 427 2008                   

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 2008, Group sales totaled EUR 2,103 million. The Group has about 9,900
employees, at more than 485 locations in 43 countries. Konecranes is listed on  
the NASDAQ OMX Helsinki Exchange (symbol: KCR1V).                               

Distribution                                                                    
Media                                                                           
NASDAQ OMX Helsinki                                                             
www.konecranes.com

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