JANUARY - JUNE 2007 INTERIM REPORT

KONECRANES PLC: JANUARY - JUNE 2007 INTERIM REPORT                              

- Q2 orders received up 26.0 % to record-high 465.1 (Q2/06: 369.2) MEUR         
- Net sales: Q2 up 24.2 % to 422.0 (339.9) MEUR                                 
- Q2 Group EBIT of 55.6 (21.0) MEUR including capital gain of 17.6 MEUR from    
sale of properties                                                              
- Q2 operational profit (excluding capital gain): 38.0 (21.0) MEUR              
- Q2 operational profit margin: 9.0 (6.2) %                                     
- Gearing decreased to 39.3 (Q2/06:102.1) %                                     
- Third quarter demand is anticipated to stay on a high level, and the 2007     
targets for sales growth of 20 % and EBIT margin improvement compared with 2006 
remain unchanged                                                                

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|                 |       | Second quarter |        | First half year |    LY  |
--------------------------------------------------------------------------------
| EUR million     |  4-6/ |  4-6/ | Change |   1-6/ |   1-6/ | Change |  2006  |
|                 | 2007  | 2006  |     %  |  2007  |  2006  |     %  |        |
--------------------------------------------------------------------------------
| SALES           |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Services        | 151.6 | 122.9 |   23.3 |  299.4 |  228.5 |   31.0 |  526.6 |
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| Standard        | 169.5 | 131.7 |   28.7 |  314.2 |  245.6 |   27.9 |  558.4 |
| Lifting         |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Heavy Lifting   | 129.0 | 104.5 |   23.4 |  242.9 |  202.9 |   19.7 |  490.8 |
--------------------------------------------------------------------------------
| Internal Sales  | -28.1 | -19.2 |   46.1 |  -53.9 |  -40.5 |   33.1 |  -93.3 |
--------------------------------------------------------------------------------
| Sales total     | 422.0 | 339.9 |   24.2 |  802.6 |  636.6 |   26.1 |      1 |
|                 |       |       |        |        |        |        |  482.5 |
--------------------------------------------------------------------------------
| Operational     |  38.0 |  21.0 |   81.1 |   68.8 |   35.0 |   96.7 |  105.5 |
| profit          |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Operational     | 9.0 % | 6.2 % |        |  8.6 % |  5.5 % |        |  7.1 % |
| profit margin   |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Gain on the     |  17.6 |   0.0 |        |   17.6 |    0.0 |        |    0.0 |
| sale of real    |       |       |        |        |        |        |        |
| estate          |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Operating       |  55.6 |  21.0 |  164.9 |   86.4 |   35.0 |  146.9 |  105.5 |
| profit (EBIT)   |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| EBIT margin     |  13.2 | 6.2 % |        | 10.8 % |  5.5 % |        |  7.1 % |
|                 |     % |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Share of result |   0.5 |   0.4 |        |    0.3 |    0.3 |        |    0.7 |
| of associates   |       |       |        |        |        |        |        |
| and joint       |       |       |        |        |        |        |        |
| ventures        |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Interests, net  |  -2.2 |  -2.1 |        |   -4.8 |   -4.5 |        |   -9.5 |
--------------------------------------------------------------------------------
| Other financial |  -0.9 |  -1.6 |        |   -1.6 |   -1.3 |        |   -1.6 |
| income and      |       |       |        |        |        |        |        |
| expenses        |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Profit before   |  53.0 |  17.6 |  200.2 |   80.4 |   29.5 |  172.1 |   95.1 |
| taxes           |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Taxes           | -15.4 |  -5.3 |        |  -23.3 |   -8.9 |        |  -26.5 |
--------------------------------------------------------------------------------
| Net profit for  |  37.6 |  12.4 |  204.5 |   57.1 |   20.7 |  176.0 |   68.6 |
| the period      |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Earnings per    |  0.63 |  0.21 |        |   0.96 |   0.36 |        |   1.17 |
| share, basic    |       |       |        |        |        |        |        |
| (EUR)           |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Earnings per    |  0.62 |  0.21 |        |   0.94 |   0.35 |        |   1.15 |
| share, diluted  |       |       |        |        |        |        |        |
| (EUR)           |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| ORDERS RECEIVED |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Services        | 142.6 | 108.3 |   31.6 |  286.5 |  208.2 |   37.6 |  448.5 |
--------------------------------------------------------------------------------
| Standard        | 199.8 | 155.3 |   28.6 |  395.8 |  297.9 |   32.9 |  592.7 |
| Lifting         |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Heavy Lifting   | 151.7 | 124.3 |   22.0 |  269.9 |  239.4 |   12.7 |  519.2 |
--------------------------------------------------------------------------------
| Internal        | -28.9 | -18.7 |   54.6 |  -57.6 |  -43.6 |   32.3 |  -87.7 |
| Orders          |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Orders received | 465.1 | 369.2 |   26.0 |  894.5 |  701.9 |   27.4 |      1 |
| Total           |       |       |        |        |        |        |  472.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Order Book at   | 699.8 | 640.7 |        |  699.8 |  640.7 |    9.2 |  571.6 |
| end of period   |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------


Pekka Lundmark, President & CEO comments:                                       

"We are pleased with our overall performance during the second quarter 2007.    
Solid growth continues on all fronts, and the quarter well supports our 20 %    
full year sales growth target. Both our new orders and sales are growing faster 
than the market, and we are clearly continuing to win market share from most of 
our key competitors. The demand outlook for the third quarter looks stable.     

The second quarter 9 % EBIT margin (not including the capital gain from the sale
of real estate) also met our expectations. In the second quarter last year this 
number was 6,2 %. The margin development was, however, uneven. Service already  
came very close to its published 12 % EBIT margin target. Standard Lifting even 
exceeded its target and reported an excellent 14.5 % margin. The 12 % target,   
however, remains unchanged for Standard Lifting. A weakening US dollar and      
increasing costs will burden the margin during the second half of the year.     
Heavy Lifting's margin was not satisfactory, but the 10 % long-term EBIT margin 
target remains unchanged. Due to costs related to ongoing investments, product  
portfolio restructurings and supply chain development, it would not be prudent  
to forecast Heavy Lifting to increase its full year EBIT margin from last year's
level.                                                                          

Gearing has now fallen below 40 % (having been over 100 % a year ago due to two 
large acquisitions) and we again have financial resources to continue to acquire
businesses. Markets are still fairly fragmented, and we believe that attractive 
consolidation opportunities will be available."                                 


Summary of Konecranes' financial performance in the second quarter of 2007:     

Overall strong demand for Konecranes' products and services continued, and      
second quarter order intake increased 26.0 % to record-high EUR 465.1 million   
for one quarter. Orders increased in all Business Areas, and all geographical   
regions contributed to the improvement. Net sales also rose in all Business     
Areas and resulted Group net sales growth of 24.2 %. Slightly less than ten     
percentage points of second quarter order and sales growth was the result of the
acquisition of MMH Holding, which was consolidated as of 1 June, 2006, and is   
therefore not included in the Q2 2006 comparison figures for April and May.     

The second quarter operational profit margin was 9.0 % compared to 6.2 % in the 
second quarter of 2006. Volume growth, higher efficiency, and price increases   
that offset higher raw material, component and other costs, were the main       
drivers of the improvement. Especially the strong profitability in Standard     
Lifting contributed to the higher Group margin. The Service business also       
continued to develop favorably. Profitability in Heavy Lifting, on the other    
hand, was unsatisfactory. Capacity increases, in particular start up costs for  
the new assembly plant for lift trucks in Shanghai, and additional costs for    
building up the new straddle carrier operations burdened Heavy Lifting's second 
quarter profits.  Return on capital employed increased to 39.6 % and return on  
equity to 48.5 % on a rolling twelve-month basis. Gearing decreased to 39.3     
percent compared with 102.1 % for the corresponding period last year and 65.0 % 
at the end of the first quarter 2007.                                           


Outlook for 2007                                                                

The level of orders received in the first half of the year and the stronger     
order book, combined with a continued stable demand outlook for the third       
quarter, form a strong base for the second half of year 2007. Based on these    
factors, 2007 sales are targeted to increase by approximately 20 % compared with
2006 sales of MEUR 1,483.                                                       

The Group target is to continue its EBIT margin improvement in line with the    
development in recent years. Heavy Lifting's contribution to the Group's 2007   
profitability improvement is, however, anticipated to be modest. The Group EBIT 
margin improvement is based on higher sales volumes, productivity gains, and    
improved profitability in field services. High capacity utilization in the first
half of the year contributed to the margin improvement in the first half of 2007
in Service and Standard Lifting. As a consequence, year-end weighted sales and  
profit seasonality will not be as pronounced as before.                         

The main general uncertainty factors regarding 2007 profitability continue to be
(1) the weaker USD/EUR rate, and (2) uncertain availability and prices of       
certain components and raw materials.                                           

                                                                                

Interim Report January-June 2007                                                

Change in Reporting Method                                                      

Due to changes in the Business Area reporting method described below, the sales,
orders and operating profit comparison figures in this report deviate from the  
figures reported in 2006 for the Business Areas Service and Standard Lifting.   
The aggregate and Heavy Lifting figures are not affected.                       

As of January 1, 2007, Konecranes-branded spare parts are reported in the       
Service Business Area, while they were earlier partly included in Service and   
partly in Standard Lifting. The 2006 quarterly comparison figures for Service   
and Standard Lifting according to the new reporting structure are presented in  
the table below.                                                                

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|                          |    Q1 2006 |    Q2 2006 |   Q3 2006 |     Q4 2006 |
--------------------------------------------------------------------------------
| Service                  |            |            |           |             |
--------------------------------------------------------------------------------
| Orders received, MEUR    |       99.8 |      108.3 |   117.9   |       122.5 |
--------------------------------------------------------------------------------
| Net sales, MEUR          |      105.6 |      122.9 |     136.6 |       161.4 |
--------------------------------------------------------------------------------
| Operating income, MEUR   |        8.7 |       12.3 |      14.4 |        17.6 |
--------------------------------------------------------------------------------
| Operating margin, %      |        8.2 |       10.0 |      10.5 |        10.9 |
--------------------------------------------------------------------------------
| Standard Lifting         |            |            |           |             |
--------------------------------------------------------------------------------
| Orders received, MEUR    |      142.6 |      155.3 |     157.2 |       137.7 |
--------------------------------------------------------------------------------
| Net sales, MEUR          |      114.0 |      131.7 |     153.2 |       159.5 |
--------------------------------------------------------------------------------
| Operating income, MEUR   |        8.0 |       12.0 |      15.3 |        16.2 |
--------------------------------------------------------------------------------
| Operating margin, %      |        7.0 |        9.1 |      10.0 |        10.2 |
--------------------------------------------------------------------------------


Also the geographical segment reporting structure has been changed from the     
beginning of 2007. The new geographical segments are Europe, Middle East, Africa
(EMEA), Americas (AME) and Asia-Pacific (APAC). The earlier structure was Nordic
and Eastern Europe, EU (excl. Nordic), Americas, and Asia-Pacific. The 2006     
quarterly sales comparison figures according to the new geographical            
segmentation are presented in the table below.                                  

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|               |     Q1 2006 |       Q2 2006 |       Q3 2006 |        Q4 2006 |
--------------------------------------------------------------------------------
| EMEA          |       170.1 |         195.3 |         187.9 |          227.8 |
--------------------------------------------------------------------------------
| AME           |        90.1 |         105.8 |         148.0 |          168.5 |
--------------------------------------------------------------------------------
| APAC          |        36.6 |          38.8 |          50.0 |           63.8 |
--------------------------------------------------------------------------------
| TOTAL         |       296.7 |         339.9 |         385.8 |          460.1 |
--------------------------------------------------------------------------------

The restated 2006 APAC sales figures differ from the figures reported in 2006 as
sales in Africa and the Middle East have been shifted from APAC to EMEA.        


Group Structure                                                                 

MMH Holdings, Inc was consolidated into the Konecranes Group figures as of 1    
June, 2006. Therefore the comparison figures for the first half of 2006 include 
MMH only for the month of June. MMH accounted for slightly less than ten        
percentage points of the reported 26.1 percent sales growth and the 27.4 percent
order growth for the first half of 2007. Roughly 60 percent of MMH's sales and  
orders are included in the Service Business Area, and the remainder is fairly   
evenly split between Standard Lifting and Heavy Lifting.                        

Market Review                                                                   

Overall market demand for Konecranes' products and services continued to develop
favorably. Demand improved in all geographical regions and in almost all        
customer industries, with general manufacturing, shipyards, ports, primary      
metals and metal warehousing, power and petrochemicals showing particularly     
strong growth. Paper and the automotive industries continued to show weak       
investment demand.                                                              

Increases in input costs, especially steel and other metals, as well as labor   
costs, and the tight market for certain subcontracted components resulted in    
upward pressure on market prices for cranes and crane maintenance.              

Orders Received, Order Book and Contract Base                                   

Second quarter order intake was record high at EUR 465.1 (Q2 2006: 369.2)       
million, representing growth of 26.0 percent. Combined with the record high     
order intake achieved in the first quarter, this boosted January-June order     
intake to EUR 894.5 (H1 2006: 701.9) million, representing a growth of 27.4     
percent. A strong market, the addition of MMH Holding's business and internal   
factors contributed to the high order growth. Order intake increased in all     
geographical regions and Business Areas.                                        

Orders Received by Business Areas, MEUR                                         

--------------------------------------------------------------------------------
|               | Q2 2007 |  Q2 2006 | Change |   H1 2007 | H1 2006 |   Change |
|               |         |          | percen |           |         |  percent |
|               |         |          |      t |           |         |          |
--------------------------------------------------------------------------------
| Service       |   142.6 |    108.3 | +31.6  |     286.5 |   208.2 |    +37.6 |
--------------------------------------------------------------------------------
| Standard      |   199.8 |    155.3 |  +28.6 |     395.8 |   297.9 |    +32.9 |
| Lifting       |         |          |        |           |         |          |
--------------------------------------------------------------------------------
| Heavy Lifting |   151.7 |    124.3 |  +22.0 |     269.9 |   239.4 |    +12.7 |
--------------------------------------------------------------------------------
| Internal      |   -28.9 |    -18.7 |        |     -57.6 |   -43.6 |          |
--------------------------------------------------------------------------------
| Total         |   465.1 |    369.2 |  +26.0 |     894.5 |   701.9 |    +27.4 |
--------------------------------------------------------------------------------

The value of the order backlog at the end of June was EUR 699.8 (end of June    
2006: 640.7) million, up by 9.2 percent year-on-year and 22.4 percent from the  
end of 2006.                                                                    

Compared with the end of June 2006, the Standard Lifting order book grew as a   
result of the high order intake growth. Also the Service order book increased.  
Heavy Lifting's order book was somewhat lower than in the corresponding period  
last year, but higher than at the end of 2006.                                  

The contract base continued to show solid growth both in terms of units and     
value. At the end of June 2007, there were 273,176 (251,837) cranes and hoists  
included in the annual maintenance contract base, and its value exceeded EUR 100
million for the first time.                                                     

Order Book by Business Areas, MEUR                                              

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|                      |  June 2007 |   June 2006 |   Change % | Dec 31,2006   |
--------------------------------------------------------------------------------
| Service              |      124.5 |       118.7 |       +4.9 |         101.1 |
--------------------------------------------------------------------------------
| Standard Lifting     |      239.5 |       192.3 |      +24.6 |         174.6 |
--------------------------------------------------------------------------------
| Heavy Lifting        |      360.9 |       377.7 |       -4.5 |         349.9 |
--------------------------------------------------------------------------------
| Internal             |      -25.1 |       -48.0 |            |         -53.9 |
--------------------------------------------------------------------------------
| Total                |      699.8 |       640.7 |       +9.2 |         571.6 |
--------------------------------------------------------------------------------

Sales                                                                           

Second quarter net sales rose 24.2 percent to EUR 422.0 (339.9) million. Sales  
growth was predominantly the result of higher volumes and the inclusion of MMH  
Holding's business, but also higher prices contributed to growth. All Business  
Areas achieved strong growth in all geographical regions. Net sales in          
January-June rose 26.1 percent to EUR 802.6 (636.6) million.                    

Second quarter Service sales were supported by growth in the service contract   
base, the strong order growth in the first half of 2007, increased spare parts  
sales and the inclusion of MMH's service revenue.                               

Second quarter organic growth continued at a high level in Standard Lifting as a
result of strong market demand, a competitive product offering, new key         
customers and expanding geographical presence.                                  

Heavy Lifting production output increased successfully. This development        
materialized despite ongoing supply chain restructuring and difficulties in     
sourcing some raw materials and subcontracted components.                       

Net Sales by Business Areas, MEUR                                               

--------------------------------------------------------------------------------
|               |  Q2 2007 |  Q2 2006 | Change |  H1 2007 | H1 2006 |   Change |
|               |          |          | percen |          |         |  percent |
|               |          |          |      t |          |         |          |
--------------------------------------------------------------------------------
| Service       |    151.6 |    122.9 |  +23.3 |    299.4 |   228.5 |    +31.0 |
--------------------------------------------------------------------------------
| Standard      |    169.5 |    131.7 |  +28.7 |    314.2 |   245.6 |    +27.9 |
| Lifting       |          |          |        |          |         |          |
--------------------------------------------------------------------------------
| Heavy Lifting |    129.0 |    104.5 |  +23.4 |    242.9 |   202.9 |    +19.7 |
--------------------------------------------------------------------------------
| Internal      |    -28.1 |    -19.2 |        |    -53.9 |   -40.5 |          |
--------------------------------------------------------------------------------
| Total         |    422.0 |    339.9 |  +24.2 |    802.6 |   636.6 |    +26.1 |
--------------------------------------------------------------------------------

Net Sales by Region, MEUR                                                       

--------------------------------------------------------------------------------
|               |  Q2 2007 |  Q2 2006 | Change |  H1 2007 | H1 2006 |   Change |
|               |          |          | percen |          |         |  percent |
|               |          |          |      t |          |         |          |
--------------------------------------------------------------------------------
| EMEA          |    227.0 |    195.3 |  +16.2 |    415.2 |   365.4 |    +13.6 |
--------------------------------------------------------------------------------
| AME           |    143.1 |    105.8 |  +35.3 |    294.8 |   195.9 |    +50.5 |
--------------------------------------------------------------------------------
| APAC          |     51.9 |     38.8 |  +37.3 |     92.6 |    75.4 |    +24.5 |
--------------------------------------------------------------------------------
| TOTAL         |    422.0 |    339.9 |  +24.2 |    802.6 |   636.6 |    +26.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------


Profitability                                                                   

On April 30, 2007, Konecranes finalized the sale of properties located in       
Hyvinkää, Hämeenlinna and Urjala, Finland. The aggregate sales price was EUR    
31.4 million. As a result of the transaction, a capital gain of EUR 17.6 million
has been booked in second quarter Group EBIT, representing EUR 13.0 million     
after taxes. In order to facilitate an evaluation of the profitability          
development disregarding this capital gain, Operational EBIT is reported        
separately in this section. The segmentation information tables include the     
Business Area profits both including and excluding this capital gain.           

The Group's second quarter operating income (EBIT) rose to EUR 55.6 (21.0)      
million. Group Operational EBIT (disregarding the capital gain on the sold      
properties) rose 81 percent to EUR 38.0 (21.0) million, representing 9.0 (6.2)  
percent of sales. Higher volumes were the main driver of the improved margin.   
Also increased productivity continued to have a positive impact on              
profitability. Changes in currency exchange rates had a minor negative impact on
operating income. Group overheads decreased from 2.6 to 2.5 percent of sales.   

Group EBIT in January-June amounted to EUR 86.4 (35.0) million including the    
capital gain of EUR 17.6 million, and excluding the capital gain to EUR 68.8    
(35.0) million, representing 8.6 (5.5) percent of sales.                        

The second quarter operational EBIT margin in Service rose from 10.0 to 11.5    
percent. Higher volumes and increased productivity continued to be the main     
drivers for the improved profitability. Also the high maintenance contract      
retention rate and a higher proportion of spare parts sales, as well as the MMH 
service business, contributed to the margin expansion.                          

The second quarter operational EBIT margin in Standard Lifting rose from 9.1 to 
14.5 percent. The main reason for Standard Lifting's improved margin was higher 
volumes. The increase in volumes is seen as the result of both stronger market  
demand and increased market share.  Improved productivity and                   
cost-competitiveness, as well as a favorable product mix also contributed to    
higher profitability. The measures implemented during the past five years in    
restructuring the supply chain by reorganizing and relocating production, and   
increasing outsourcing, continuously improve productivity and competitiveness.  
The impact of higher input costs was offset by price increases.                 
                                                                                
In Heavy Lifting, the second quarter operational EBIT margin fell from 5.4 to   
4.7 percent. The quarterly performance of Heavy Lifting is clearly more volatile
than that of Service and Standard Lifting. The decrease in Heavy Lifting's      
second quarter margin is attributable to costs for capacity increases, mainly   
start-up costs for the lift truck plant in Shanghai, and costs of building up   
the new straddle carrier operations. Heavy Lifting succeeded in improving       
margins for the last five quarters while organic sales growth was as high as 42 
percent in 2006 and 30 percent in 2005. During this period the Business Area has
been going through a similar restructuring program as Standard Lifting started  
in 2002. In combination with higher raw material prices, the tighter market for 
subcontracted components and transports, and the weaker USD/EUR rate, this      
continues to create a very challenging environment in terms of increasing       
production and fulfilling deliveries while simultaneously improving             
profitability.                                                                  

Operational EBIT and margin (excluding capital gain) by Business Area           

--------------------------------------------------------------------------------
|              |    Q2 | % of |    Q2 | % of |     H1 |  % of |     H1 |  % of |
|              |  2007 | sale |  2006 | sale |   2007 | sales |   2006 | sales |
|              | MEUR  |   s  |  MEUR |    s |   MEUR |       |   MEUR |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Service      |  18.0 | 11.9 |  12.3 | 10.0 |   33.1 |  11.1 |   21.0 |   9.2 |
--------------------------------------------------------------------------------
| Standard     |  24.4 | 14.5 |  12.0 |  9.1 |   41.5 |  13.2 |   19.9 |   8.1 |
| Lifting      |       |      |       |      |        |       |        |       |
--------------------------------------------------------------------------------
| Heavy        |   6.1 |  4.7 |   5.7 |  5.4 |   14,0 |   5.7 |   11.2 |   5.5 |
| Lifting      |       |      |       |      |        |       |        |       |
--------------------------------------------------------------------------------
| ./. Group    | -10.2 | -2.5 |  -8.8 | -2.6 |  -18.7 |  -2.3 |  -16.2 |  -2.5 |
| overheads    |       |      |       |      |        |       |        |       |
--------------------------------------------------------------------------------
| ./.          |  -0.3 |      |  -0.1 |      |   -1.0 |       |   -0.9 |       |
| Elimination  |       |      |       |      |        |       |        |       |
| of internal  |       |      |       |      |        |       |        |       |
| profit       |       |      |       |      |        |       |        |       |
--------------------------------------------------------------------------------
| Total        |  38.0 |  9.0 |  21.0 |  6.2 |   68.8 |   8.6 |   35.0 |   5.5 |
--------------------------------------------------------------------------------

January-June Group EBITDA was EUR 98.5 (44.9) million including the capital gain
of EUR 17.6 million, or 12.3 (7.1) percent of sales. Depreciations grew from EUR
9.9 million to EUR 12.1 million. The increase in depreciations is mainly        
attributable to the growth of operations                                        

The share of associated companies' result amounted to EUR 0.3 (0.3) million.    

Group interest costs (the net of interest income and expenses) were EUR 6.3     
(5.8) million.                                                                  

Group income after financing items was EUR 80.4 (29.5) million. Income taxes    
were EUR 23.3 (8.9) million corresponding to an effective tax rate of           
approximately 29 percent for the year.                                          

Group net income was EUR 57.1 (20.7) million. Basic earnings per share totaled  
EUR 0.96 (0.36) and diluted earnings per share were EUR 0.94 (0.35).            

On a rolling twelve-month basis, return on capital employed was 39.6 and return 
on equity 48.5.                                                                 

Group costs                                                                     

January-June unallocated Group overhead costs were EUR 18.7 (16.2) million,     
representing 2.3 (2.5) percent of net sales. First quarter Group overhead costs 
amounted to 2.2 percent of sales and full-year costs are expected to be closer  
to this level than the second quarter level of 2.5 percent. These costs consist 
mainly of common development costs (personnel, R&D, systems), treasury and legal
functions, development of the company structure (M&A), and Group management and 
administration.                                                                 

Seasonality of sales and profit                                                 

The sales and profit accumulation in the Group has historically not been equal  
between quarters. Typically, sales and profit generation has been slow in the   
beginning of the year and accelerated towards the yearend.                      

This seasonality has, however, decreased in the past two years as the business  
has become more geographically distributed. This trend is expected to continue  
in 2007, particularly concerning Service and Standard Lifting, as the strong    
growth will lead to high capacity utilization throughout the year.              


Cash flow and balance sheet                                                     

January-June cash flow from operations before financing items and taxes, but    
after the change in working capital, was EUR 65.2 (38.2) million, representing  
EUR 1.10 (0.66) per share. Net working capital continued to decrease as a       
percentage of sales.                                                            

Cash flow from financing items and taxes was EUR -30.6 (-12.1) million. Net cash
flow from operating activities was EUR 34.5 (26.1) million, representing EUR    
0.58 (0.45) per share.                                                          

Cash flow from capital expenditures including acquisitions and divestitures was 
positive as a result of the sale of property and amounted to EUR 14.1 (-56.8)   
million. The cash-based capital expenditures in fixed assets were EUR 11.7 (7.2)
million.                                                                        

The parent company paid EUR 26.7 (15.8) million in dividends in the first       
quarter.                                                                        

Group interest-bearing debt was EUR 149.8 (218.4) million, and interest-bearing 
net debt was EUR 101.9 (177.0) million. Gearing decreased to 39.3 (102.1)       
percent. The Solidity (equity) ratio was 32.5 (24.1) percent and the current    
ratio was 1.4 (1.3).                                                            

The Group has a EUR 200 million committed back-up financing facility to secure  
running liquidity. At the end of the second quarter, EUR 59.1 (end-2006: 100.9) 
million was in use.                                                             


Exchange rate impact and sensitivity                                            

Changes in currency exchange rates had a minor negative effect on reported      
second quarter orders, sales and operating income as currency hedging absorbed a
large part of the impact. The weakened USD/EUR rate will, however have a more   
significant negative impact in the second half of 2007, especially in the fourth
quarter.                                                                        

The negative impact of a one percent weakening of the USD/EUR rate on pre-tax   
profit is roughly one million euro, comprising both transactional and           
translation effects.                                                            
                                                                                
The consolidation exchange rates of some important currencies for the Group     
developed as follows:                                                           

The period end rates:                                                           

--------------------------------------------------------------------------------
|                  |         Q2 2007 |          Q2 2006 |             Change % |
--------------------------------------------------------------------------------
| USD              |          1.3505 |           1.2713 |              -5.86 % |
--------------------------------------------------------------------------------
| CAD              |          1.4245 |           1.4132 |              -0.79 % |
--------------------------------------------------------------------------------
| GBP              |           0.674 |           0.6921 |               2.69 % |
--------------------------------------------------------------------------------
| CNY              |         10.2816 |           10.165 |              -1.14 % |
--------------------------------------------------------------------------------
| SGD              |          2.0664 |           2.0137 |              -2.55 % |
--------------------------------------------------------------------------------
| SEK              |          9.2525 |           9.2385 |              -0.15 % |
--------------------------------------------------------------------------------
| NOK              |          7.9725 |            7.936 |              -0.46 % |
--------------------------------------------------------------------------------
| AUD              |          1.5885 |           1.7117 |               7.76 % |
--------------------------------------------------------------------------------

The period average rates:                                                       

--------------------------------------------------------------------------------
|                  |         Q2 2007 |          Q2 2006 |             Change % |
--------------------------------------------------------------------------------
| USD              |          1.3289 |           1.2292 |              -7.50 % |
--------------------------------------------------------------------------------
| CAD              |          1.5080 |           1.3995 |              -7.19 % |
--------------------------------------------------------------------------------
| GBP              |          0.6746 |            0.687 |               1.84 % |
--------------------------------------------------------------------------------
| CNY              |         10.2559 |            9.873 |              -3.73 % |
--------------------------------------------------------------------------------
| SGD              |          2.0311 |           1.9767 |              -2.68 % |
--------------------------------------------------------------------------------
| SEK              |          9.2229 |           9.3269 |               1.13 % |
--------------------------------------------------------------------------------
| NOK              |          8.1377 |           7.9303 |              -2.55 % |
--------------------------------------------------------------------------------
| AUD              |          1.6446 |           1.6545 |               0.60 % |
--------------------------------------------------------------------------------


The Group continued its currency hedging policy in order to minimize currency   
risk relating to non-euro nominated export and import from or to the euro zone. 
Hedging was mainly carried out through currency forward exchange transactions.  


Capital expenditure                                                             

January-June capital expenditure excluding acquisitions was EUR 12.8 (7.5)      
million. This expenditure consisted mainly of replacement or capacity expansion 
investments on machines, equipment and information technology. Capital          
expenditure in acquisitions was EUR 5.4 (51.4) million, all of which was booked 
in the first quarter.                                                           


Personnel and personnel development                                             

At the end of June, the Group employed 7,983 (7,256) persons. The average number
of personnel was 7,779 (6,435) in January-June 2007. The increase in the average
number of employment relates mainly to the acquisition on MMH Holding. Since the
end of March 2007, the number of employees increased by 177, of which           
approximately half were service technicians.                                    
Personnel by Business Area, end of period                                       

--------------------------------------------------------------------------------
|                           |      Q2 2007 |          Q2 2006 | Change percent |
--------------------------------------------------------------------------------
| Service                   |        4,208 |            3,775 |          +11.5 |
--------------------------------------------------------------------------------
| Standard Lifting          |        2,356 |            2,297 |           +2.6 |
--------------------------------------------------------------------------------
| Heavy Lifting             |        1,220 |            1,015 |          +20.2 |
--------------------------------------------------------------------------------
| Group Staff               |          199 |              169 |          +17.8 |
--------------------------------------------------------------------------------
| Total                     |        7,983 |            7,256 |          +10.0 |
--------------------------------------------------------------------------------


Change in Management                                                            

In June, Mr. Teo Ottola (MSc) was appointed new Chief Financial Officer (CFO).  
His areas of responsibility will be business control, accounting, financing and 
investor relations. The present CFO, Teuvo Rintamäki, announced his resignation 
in February 2007, but he will continue as CFO until Ottola has settled in to his
new position. Mr. Ottola will become a member of the Konecranes Group Executive 
Board and will report to Pekka Lundmark, President & CEO. Mr. Ottola will start 
in his new position on 20 August 2007.                                          


Acquisitions                                                                    

In June 2007 Konecranes signed an agreement to acquire 19 percent of the share  
capital in the crane manufacturing company Dynamic Crane Systems Ltd (DCS) in   
South Africa. DCS has annual net sales of approximately EUR 4 million and 60    
employees. The agreement includes an option to acquire the remaining shares in  
the company at a later stage.                                                   

DCS is a leading crane manufacturing company in South Africa, specializing in   
the manufacture, servicing and assembly of industrial and process cranes. DCS   
and Konecranes have worked together since the early 1990s, as DCS has been a    
licensee of Konecranes products for the South African market.                   


Sale of Real Estate                                                             

Konecranes finalized the sale of properties located in Hyvinkää, Hämeenlinna and
Urjala, Finland, in April, 2007. The Konecranes companies operating in the sold 
facilities in Hyvinkää and Hämeenlinna have continued their normal operations in
these facilities under long-term rental agreements.                             

The aggregate sales price for the facilities is approximately EUR 31.4 million. 
As a result of the transaction, Konecranes booked a capital gain of EUR 17.6    
million in EBIT.                                                                


Risks                                                                           

Konecranes main short-term risks regarding the 2007 financial performance are   
the availability, quality, costs, and delivery times and accuracy of            
subcontracted components.                                                       

The ability and cost to increase own production capacity is also subject to some
uncertainty.                                                                    

Due to the current tight labor market, labor costs and difficulty to recruit    
skilled personnel is a cause of some uncertainty in regards to growth and       
profitability in Service.                                                       


Litigations                                                                     

Konecranes is a party to various litigations and disputes relating to its normal
business in different countries. At the moment, Konecranes does not expect any  
of these ongoing litigations or disputes to have a material effect on the       
profits or future outlook of the Group.                                         


Incentive Programs and Share Capital                                            

Konecranes has five ongoing stock option plans (1997, 1999, 2001, 2003 and      
2007). During the second quarter of 2007, Konecranes distributed 987,500 2007A  
options to some 100 key employees in accordance with the authorization given to 
the Board of Directors by the Annual General Meeting in March 2007. The options 
entitle to subscription of one Konecranes share per option to the subscription  
price of EUR 25.72 (the weighted average share price in April 2007) per share.  
The subscription period for the 2007A options is 2 May, 2009-30 April, 2011.  In
total, the option plans include approximately nearly 340 key employees. The     
terms and conditions of the stock option programs are available on the corporate
website at www.konecranes.com.                                                  

Pursuant to Konecranes' stock option plans 394,360 new shares were subscribed   
for and registered in the Finnish Trade Register during the second quarter of   
2007. As a result of the subscriptions, the number of shares increased to       
60,666,580. In accordance with the resolution of the AGM, the subscription price
has been booked in its entirety to the paid in capital and Konecranes' share    
capital remained at EUR 30,072,660.                                             

The remaining 1997, 1999B, 2001, 2003 and 2007A stock options at the end of the 
accounting period entitle to subscription of a total of 2,411,840 shares.       


Own Shares in the Company's Possession                                          

At the end of June, 2007, Konecranes held 742,600 of the company's own shares.  
This corresponds to 1.2 percent of the company's total outstanding shares and   
votes. The shares were bought back between February 20 and March 5, 2003.       


Shares and trading volume                                                       

Konecranes' share price increased by 39.5 percent during January-June 2007 and  
closed at EUR 31.11. The period high was EUR 32.81 and period low EUR 20.68. The
volume-weighted average share price during the period was EUR 26.34. In the same
period, the OMX Helsinki Index rose by nearly 18 percent, the OMX Helsinki Cap  
Index by 13.4 percent, and the OMX Helsinki Industrials Index by 20.7 percent.  

At the end of June 2007, Konecranes' total market capitalization was EUR 1,887  
million including own shares in the company's possession, making it the 25th    
largest company on the Helsinki Stock Exchange.                                 

The trading volume totaled 58.4 million shares, representing a turnover velocity
of 193 percent. Total trading amounted to EUR 1,531 million, which was the 19th 
highest on the Helsinki Exchange. The daily average trading volume was 470,580  
shares, representing a daily average turnover of EUR 12.3 million.              


Outlook for 2007                                                                

The level of orders received in the first half of the year and the stronger     
order book, combined with a continued stable demand outlook for the third       
quarter, form a strong base for the second half of year 2007. Based on these    
factors, 2007 sales are targeted to increase by approximately 20 % compared with
2006 sales of MEUR 1,483.                                                       

The Group target is to continue its EBIT margin improvement in line with the    
development in recent years. Heavy Lifting's contribution to the Group's 2007   
profitability improvement is, however, anticipated to be modest. The Group EBIT 
margin improvement is based on higher sales volumes, productivity gains, and    
improved profitability in field services. High capacity utilization in the first
half of the year contributed to the margin improvement in the first half of 2007
in Service and Standard Lifting. As a consequence, year-end weighted sales and  
profit seasonality will not be as pronounced as before.                         

The main general uncertainty factors regarding 2007 profitability continue to be
(1) the weaker USD/EUR rate, and (2) uncertain availability and prices of       
certain components and raw materials.                                           


Konecranes Plc                                                                  
Board of Directors                                                              

Disclaimer                                                                      

Certain statements in this report, which are not historical fact, including,    
without limitation those regarding expectations for market growth and           
developments, expectations for growth and profitability and statements preceded 
by "believes", "expects", "anticipates", "foresees" or similar expressions, are 
forward-looking statements. Therefore they involve risks and uncertainties,     
which may cause actual results to materially differ from the results expressed  
in such forward-looking statements. Such factors include but are not limited to 
the company's own operating factors, industry conditions and general economic   
conditions.                                                                     


Important Orders                                                                


In June, Konecranes received a breakthrough order in US intermodal terminals as 
BNSF Railway, the largest intermodal freight operator in the world, as the first
US-based intermodal operator ordered wide span, high-performance Rail Mounted   
Gantry (RMG) cranes from Konecranes. Thirteen RMG container-handling cranes will
be delivered to BNSF's Memphis and Kansas City intermodal terminals. BNSF is    
investing to expand the capacity of its railway network and intermodal          
facilities due to rapidly increasing container volumes. The RMGs are            
all-electric and will thus have a very low environmental impact. They are also  
equipped with Regenerative Network Braking units that enable energy, released   
during lowering the load or during braking, to be fed back to the local grid,   
instead of being wasted in braking resistors. This means up to 70 % savings in  
energy costs. The RMGs span 42.6 meters and can lift 40-ton containers          
one-over-five high.                                                             

In May 2007 Konecranes received an order for 10 rubber tired gantry (RTG)       
cranes, 2 reachstackers and 1 masted lift truck from Malta Freeport Terminals   
Ltd. which is owned by CMA CGM, the third largest shipping company in the world.
Delivery will be between December 2007 and April 2008. The companies have also  
agreed on an option for an additional 10 RTGs. The 8-wheel RTGs have a lifting  
capacity of 50 ton and also have twin-lift capabilities.                        

During the second quarter of 2007 Konecranes received two repeat orders from    
Russia, one for port cranes and one for process cranes, for a total value of    
more than EUR 20 million. These orders further strengthen Konecranes' expanding 
operations in Russia.  The container terminal company ZAO First Container       
Terminal (FCT) ordered two Panamax Ship-to-Shore (STS) container cranes, which  
will be delivered in the summer of 2008. The order includes a two-year          
preventive maintenance contract The STS cranes have a lifting capacity of 50    
tons, outreach of 38 meters and are equipped with Konecranes AC electrical      
control system.  The Turkish construction company Gama Endustri Tesisleri Imalat
ve Montaj AS, ordered several types of process cranes with related equipment,   
such as three ladle cranes and four scrap loading cranes. The end customer is   
the Russian steel mill PNTZ in Pervorouralsky, which will use the equipment in  
the steel melting process for producing round billets. Deliveries will begin in 
December 2007 and will continue through April 2008. PNTZ has specialized in     
seamless pipes and is now widening their offering to include billets.           
Second quarter orders from China included significant process cranes orders to  
Oriental Motor Ltd and Henan Puyang Longfeng Paper Mill. Ivanhoe Mines Mongolia 
Inc. ordered several 5-25 ton cranes with spans of up to 39 meters.             

Orders from Latin America included cranes for paper mills and power plants in   
Argentina, Peru and Voith Paper in Brazil.                                      

Orders from the Middle Eastincluded an order fromSaudi Cranes and Steel Works,  
and Qatar Shell's order for explosion proof hoists to the gas-to-liquids project
in Ras Laffan, Qatar.                                                           

Power and waste-to-energy plant order activity continued strong and Konecranes  
received orders from Ryan Companies Inc., the U.S., Wärsilä for a refuse hanling
plant in Belgium, Veidekke ASof Norway, Siemens in Germany, Intergen's Coryton  
Power Station and the SITA Cleveland waste facility, in the UK.                 

Steel and other metal plant orders from EEW Erndtebruckner Eisenwerk, Germany,  
Rautaruukki, Finland, and Metalix, the Netherlands.                             

Shipyard orders included a 125-ton crane from Aker Yards, Norway, and 50-meter  
span crane for the Portsmouth shipyard, UK.                                     



--------------------------------------------------------------------------------
| CONSOLIDATED STATEMENT OF INCOME - IFRS    |          |          |           |
--------------------------------------------------------------------------------
| EUR million           | 4-6/200 | 4-6/2006 | 1-6/2007 | 1-6/2006 | 1-12/2006 |
|                       |       7 |          |          |          |           |
--------------------------------------------------------------------------------
| Sales                 |   422.0 |    339.9 |    802.6 |    636.6 |   1 482.5 |
--------------------------------------------------------------------------------
| Other operating       |    18.2 |      0.1 |     19.0 |      0.9 |       2.0 |
| income                |         |          |          |          |           |
--------------------------------------------------------------------------------
| Depreciation and      |    -5.9 |     -5.2 |    -12.1 |     -9.9 |     -22.5 |
| impairments           |         |          |          |          |           |
--------------------------------------------------------------------------------
| Other operating       |  -378.7 |   -313.8 |   -723.1 |   -592.6 |  -1 356.5 |
| expenses              |         |          |          |          |           |
--------------------------------------------------------------------------------
| Operating profit      |    55.6 |     21.0 |     86.4 |     35.0 |     105.5 |
--------------------------------------------------------------------------------
| Share of result of    |     0.5 |      0.4 |      0.3 |      0.3 |       0.7 |
| associates and joint  |         |          |          |          |           |
| ventures              |         |          |          |          |           |
--------------------------------------------------------------------------------
| Financial income and  |    -3.1 |     -3.7 |     -6.3 |     -5.8 |     -11.1 |
| expenses              |         |          |          |          |           |
--------------------------------------------------------------------------------
| Profit before taxes   |    53.0 |     17.6 |     80.4 |     29.5 |      95.1 |
--------------------------------------------------------------------------------
| Taxes                 |   -15.4 |     -5.3 |    -23.3 |     -8.9 |     -26.5 |
--------------------------------------------------------------------------------
| Net profit for the    |    37.6 |     12.4 |     57.1 |     20.7 |      68.6 |
| period                |         |          |          |          |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net profit for the period       |          |          |          |           |
| attributable to :               |          |          |          |           |
--------------------------------------------------------------------------------
| Shareholders of the   |    37.6 |     12.4 |     57.1 |     20.7 |      68.6 |
| parent company        |         |          |          |          |           |
--------------------------------------------------------------------------------
|    Minority interest  |     0.0 |      0.0 |      0.0 |      0.0 |       0.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share,   |    0.63 |     0.21 |     0.96 |     0.36 |      1.17 |
| basic (EUR)           |         |          |          |          |           |
--------------------------------------------------------------------------------
| Earnings per share,   |    0.62 |     0.21 |     0.94 |     0.35 |      1.15 |
| diluted (EUR)         |         |          |          |          |           |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| CONSOLIDATED BALANCE SHEET - IFRS               |             |              |
--------------------------------------------------------------------------------
| EUR million                        |            |             |              |
--------------------------------------------------------------------------------
| ASSETS                             | 30.06.2007 |  30.06.2006 |   31.12.2006 |
--------------------------------------------------------------------------------
| Non-current assets                 |            |             |              |
--------------------------------------------------------------------------------
| Goodwill                           |       55.2 |        59.0 |         54.0 |
--------------------------------------------------------------------------------
| Other intangible assets            |       52.6 |        52.6 |         55.0 |
--------------------------------------------------------------------------------
| Property, plant and equipment      |       59.0 |        71.2 |         67.5 |
--------------------------------------------------------------------------------
| Advance payments and construction  |        6.4 |         5.2 |          9.6 |
| in progress                        |            |             |              |
--------------------------------------------------------------------------------
| Investments accounted for using    |        6.6 |         6.3 |          6.3 |
| the equity method                  |            |             |              |
--------------------------------------------------------------------------------
| Available-for-sale investments     |        2.4 |         1.6 |          2.1 |
--------------------------------------------------------------------------------
| Long-term loans receivable         |        0.4 |         0.4 |          0.5 |
--------------------------------------------------------------------------------
| Deferred tax assets                |       28.0 |        21.9 |         24.6 |
--------------------------------------------------------------------------------
| Total non-current assets           |      210.6 |       218.3 |        219.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current assets                     |            |             |              |
--------------------------------------------------------------------------------
| Inventories                        |            |             |              |
--------------------------------------------------------------------------------
|    Raw material and semi-          |      103.1 |        86.8 |         92.7 |
|    manufactured goods              |            |             |              |
--------------------------------------------------------------------------------
|    Work in progress                |      125.9 |       112.6 |        103.5 |
--------------------------------------------------------------------------------
|    Advance payments                |       28.2 |        19.2 |         30.4 |
--------------------------------------------------------------------------------
| Total inventories                  |      257.2 |       218.6 |        226.6 |
--------------------------------------------------------------------------------
| Account receivables                |      315.1 |       247.0 |        324.2 |
--------------------------------------------------------------------------------
| Loans receivable                   |        0.3 |         0.2 |          0.2 |
--------------------------------------------------------------------------------
| Other receivables                  |       21.5 |        20.9 |         27.0 |
--------------------------------------------------------------------------------
| Deferred assets                    |       80.3 |        86.4 |         76.9 |
--------------------------------------------------------------------------------
| Cash and cash equivalents          |       47.1 |        40.9 |         44.4 |
--------------------------------------------------------------------------------
| Total current assets               |      721.6 |       614.0 |        699.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| TOTAL ASSETS                       |      932.3 |       832.2 |        919.0 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| EQUITY AND LIABILITIES        |    30.06.2007 |      30.06.2006 | 31.12.2006 |
--------------------------------------------------------------------------------
| Capital and reserves attributable                               |            |
| to the shareholders of the parent                               |            |
--------------------------------------------------------------------------------
| Share capital                 |  30.1 |       |     29.8 |      |       30.0 |
--------------------------------------------------------------------------------
| Share premium account         |  39.3 |       |     35.8 |      |       39.0 |
--------------------------------------------------------------------------------
| Share issues                  |   0.4 |       |      0.5 |      |        0.0 |
--------------------------------------------------------------------------------
| Fair value reserves           |   3.4 |       |      3.5 |      |        3.7 |
--------------------------------------------------------------------------------
| Translation difference        |  -6.4 |       |     -4.3 |      |       -5.8 |
--------------------------------------------------------------------------------
| Paid in capital               |   5.3 |       |      0.0 |      |        0.5 |
--------------------------------------------------------------------------------
| Retained earnings             | 130.0 |       |     87.3 |      |       87.7 |
--------------------------------------------------------------------------------
| Net profit for the period     |  57.1 |       |     20.7 |      |       68.6 |
--------------------------------------------------------------------------------
| Total Shareholders' equity    | 259.2 |       |    173.3 |      |      223.7 |
--------------------------------------------------------------------------------
| Minority interest             |   0.1 |       |      0.1 |      |        0.1 |
--------------------------------------------------------------------------------
| Total  equity                 | 259.2 |       |    173.3 |      |      223.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities                   |       |       |          |      |            |
--------------------------------------------------------------------------------
| Non-current liabilities       |       |       |          |      |            |
--------------------------------------------------------------------------------
| Interest-bearing liabilities  |  77.2 |       |     94.8 |      |      120.9 |
--------------------------------------------------------------------------------
| Other long-term liabilities   |  58.5 |       |     62.0 |      |       58.7 |
--------------------------------------------------------------------------------
| Deferred tax liabilities      |  18.3 |       |     16.7 |      |       20.0 |
--------------------------------------------------------------------------------
| Total non-current liabilities | 154.0 |       |    173.5 |      |      199.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Provisions                    |  27.3 |       |     20.8 |      |       28.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current liabilities           |       |       |          |      |            |
--------------------------------------------------------------------------------
| Interest-bearing liabilities  |  72.7 |       |    123.6 |      |       52.4 |
--------------------------------------------------------------------------------
| Advance payments received     | 134.6 |       |    113.5 |      |      128.9 |
--------------------------------------------------------------------------------
| Progress billings             |   3.3 |       |      0.0 |      |        7.0 |
--------------------------------------------------------------------------------
| Accounts payable              | 107.3 |       |     85.5 |      |      113.6 |
--------------------------------------------------------------------------------
| Other short-term liabilities  |  22.7 |       |     16.6 |      |       23.0 |
| (non-interest bearing)        |       |       |          |      |            |
--------------------------------------------------------------------------------
| Accruals                      | 151.1 |       |    125.5 |      |      142.5 |
--------------------------------------------------------------------------------
| Total current liabilities     | 491.7 |       |    464.6 |      |      467.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total liabilities             | 673.0 |       |    658.9 |      |      695.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| TOTAL EQUITY AND LIABILITIES  | 932.3 |       |    832.2 |      |      919.0 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| KEY FIGURES                   |     30.06.2007 |     30.06.2006 | 31.12.2006 |
--------------------------------------------------------------------------------
| Gearing %                     |  39.3 |        |   102.1 |      |       57.3 |
--------------------------------------------------------------------------------
| Solidity %                    |  32.5 |        |    24.1 |      |       28.3 |
--------------------------------------------------------------------------------
| Return on capital employed %, |  39.6 |        |    22.6 |      |       29.5 |
| Rolling 12 Months (R12M)      |       |        |         |      |            |
--------------------------------------------------------------------------------
| Return on equity %, Rolling   |  48.5 |        |    30.2 |      |       36.5 |
| 12 Months (R12M)              |       |        |         |      |            |
--------------------------------------------------------------------------------
| Equity/share, EUR             |  4.33 |        |    2.95 |      |       3.77 |
--------------------------------------------------------------------------------
| Current ratio                 |   1.4 |        |     1.3 |      |        1.4 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| CONSOLIDATED STATEMENT OF CHANGES IN  EQUITY  - IFRS                         |
--------------------------------------------------------------------------------
| MEUR                       |    Share  |    Share  |     Share |  Fair value |
|                            |   capital |   premium |    issues |    Reserves |
|                            |           |   account |           |             |
--------------------------------------------------------------------------------
| Balance at 31 Dec, 2005    |      29.0 |      26.5 |       0.0 |        -4.9 |
--------------------------------------------------------------------------------
| Option excercised          |       0.8 |       9.3 |           |             |
--------------------------------------------------------------------------------
| Share issue                |           |           |       0.5 |             |
--------------------------------------------------------------------------------
| Dividend  distribution     |           |           |           |             |
--------------------------------------------------------------------------------
| Cash flow hedge            |           |           |           |         8.4 |
--------------------------------------------------------------------------------
| Translation difference     |           |           |           |             |
--------------------------------------------------------------------------------
| Share based payments recognized                    |           |             |
| against equity                                     |           |             |
--------------------------------------------------------------------------------
| Minority interest          |           |           |           |             |
--------------------------------------------------------------------------------
| Net profit for the period  |           |           |           |             |
--------------------------------------------------------------------------------
| Balance at 30 June, 2006   |      29.8 |      35.8 |       0.5 |         3.5 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Balance at 31 Dec,  2006   |      30.0 |      39.0 |       0.0 |         3.7 |
--------------------------------------------------------------------------------
| Option excercised          |       0.0 |       0.3 |           |             |
--------------------------------------------------------------------------------
| Share issue                |           |           |       0.4 |             |
--------------------------------------------------------------------------------
| Dividend  distribution     |           |           |           |             |
--------------------------------------------------------------------------------
| Cash flow hedge            |           |           |           |        -0.2 |
--------------------------------------------------------------------------------
| Translation difference     |           |           |           |             |
--------------------------------------------------------------------------------
| Share based payments                               |           |             |
| recognized against equity                          |           |             |
--------------------------------------------------------------------------------
| Minority interest          |           |           |           |             |
--------------------------------------------------------------------------------
| Net profit for the period  |           |           |           |             |
--------------------------------------------------------------------------------
| Balance at 30 June, 2007   |      30.1 |      39.3 |       0.4 |         3.4 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| CONSOLIDATED STATEMENT OF CHANGES IN  EQUITY  - IFRS                         |
--------------------------------------------------------------------------------
| MEUR                   | Translati |  Paid in | Retained | Minority |  Total |
|                        |       on  |  Capital | Earnings | interest | Equity |
|                        | Differenc |          |          |          |        |
|                        |         e |          |          |          |        |
--------------------------------------------------------------------------------
| Balance at 31 Dec,     |      -1.2 |      0.0 |    102.7 |      0.1 |  152.1 |
| 2005                   |           |          |          |          |        |
--------------------------------------------------------------------------------
| Option excercised      |           |          |          |          |   10.1 |
--------------------------------------------------------------------------------
| Share issue            |           |          |          |          |    0.5 |
--------------------------------------------------------------------------------
| Dividend  distribution |           |          |    -15.8 |          |  -15.8 |
--------------------------------------------------------------------------------
| Cash flow hedge        |           |          |          |          |    8.4 |
--------------------------------------------------------------------------------
| Translation difference |      -3.0 |          |          |          |   -3.0 |
--------------------------------------------------------------------------------
| Share based payments   |           |          |      0.4 |          |    0.4 |
| recognized against     |           |          |          |          |        |
| equity                 |           |          |          |          |        |
--------------------------------------------------------------------------------
| Minority interest      |           |          |          |          |    0.0 |
--------------------------------------------------------------------------------
| Net profit for the     |           |          |     20.7 |          |   20.7 |
| period                 |           |          |          |          |        |
--------------------------------------------------------------------------------
| Balance at 30 June,    |      -4.2 |      0.0 |    108.0 |      0.1 |  173.4 |
| 2006                   |           |          |          |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Balance at 31 Dec,     |      -5.8 |      0.5 |    156.3 |      0.1 |  223.7 |
| 2006                   |           |          |          |          |        |
--------------------------------------------------------------------------------
| Option excercised      |           |      4.8 |          |          |    5.2 |
--------------------------------------------------------------------------------
| Share issue            |           |          |          |          |    0.4 |
--------------------------------------------------------------------------------
| Dividend  distribution |           |          |    -26.7 |          |  -26.7 |
--------------------------------------------------------------------------------
| Cash flow hedge        |           |          |          |          |   -0.2 |
--------------------------------------------------------------------------------
| Translation difference |      -0.6 |          |          |          |   -0.6 |
--------------------------------------------------------------------------------
| Share based payments   |           |          |      0.4 |          |    0.4 |
| recognized against     |           |          |          |          |        |
| equity                 |           |          |          |          |        |
--------------------------------------------------------------------------------
| Minority interest      |           |          |          |          |    0.0 |
--------------------------------------------------------------------------------
| Net profit for the     |           |          |     57.1 |          |   57.1 |
| period                 |           |          |          |          |        |
--------------------------------------------------------------------------------
| Balance at 30 June,    |      -6.4 |      5.3 |    187.0 |      0.1 |  259.2 |
| 2007                   |           |          |          |          |        |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| CONSOLIDATED CASH FLOW STATEMENT   |            |              |             |
| - IFRS                             |            |              |             |
--------------------------------------------------------------------------------
| EUR million                        |   1-6/2007 |     1-6/2006 |   1-12/2006 |
--------------------------------------------------------------------------------
| Cash flow from operating           |            |              |             |
| activities                         |            |              |             |
--------------------------------------------------------------------------------
| Operating income                   |       86.4 |         35.0 |       105.5 |
--------------------------------------------------------------------------------
| Adjustments to operating profit    |            |              |             |
--------------------------------------------------------------------------------
|    Depreciation and impairments    |       12.1 |          9.9 |        22.5 |
--------------------------------------------------------------------------------
|    Profits and losses on sale of   |      -17.8 |          0.0 |        -0.3 |
|    fixed assets                    |            |              |             |
--------------------------------------------------------------------------------
|    Other non-cash items            |       -0.2 |         -0.1 |         2.0 |
--------------------------------------------------------------------------------
| Operating income before chg in net |       80.5 |         44.8 |       129.7 |
| working capital                    |            |              |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Change in interest-free short-term |        5.4 |         11.1 |       -69.1 |
| receivables                        |            |              |             |
--------------------------------------------------------------------------------
| Change in inventories              |      -27.8 |        -36.3 |       -48.2 |
--------------------------------------------------------------------------------
| Change in interest-free short-term |        7.0 |         18.6 |       101.9 |
| liabilities                        |            |              |             |
--------------------------------------------------------------------------------
| Change in net working capital      |      -15.4 |         -6.6 |       -15.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow from operations before   |       65.2 |         38.2 |       114.2 |
| financing items and taxes          |            |              |             |
--------------------------------------------------------------------------------
| Interest received                  |        0.8 |          1.1 |         2.1 |
--------------------------------------------------------------------------------
| Interest paid                      |       -6.2 |         -4.6 |       -11.5 |
--------------------------------------------------------------------------------
| Other financial income and         |       -1.8 |         -1.2 |        -1.4 |
| expenses                           |            |              |             |
--------------------------------------------------------------------------------
| Income taxes paid                  |      -23.5 |         -7.4 |       -22.1 |
--------------------------------------------------------------------------------
| Financing items and taxes          |      -30.6 |        -12.1 |       -32.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net cash from operating activities |       34.5 |         26.1 |        81.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow from investing           |            |              |             |
| activities                         |            |              |             |
--------------------------------------------------------------------------------
| Acquisition of Group companies,    |       -5.2 |        -49.4 |       -48.3 |
| net of cash                        |            |              |             |
--------------------------------------------------------------------------------
| Acquisition of shares in           |        0.0 |         -0.2 |        -0.2 |
| associated company                 |            |              |             |
--------------------------------------------------------------------------------
| Investments in other shares        |       -0.5 |         -0.1 |        -0.6 |
--------------------------------------------------------------------------------
| Capital expenditures               |      -11.7 |         -7.2 |       -17.1 |
--------------------------------------------------------------------------------
| Proceeds from sale of fixed assets |       31.5 |          0.0 |         1.2 |
--------------------------------------------------------------------------------
| Dividends received                 |        0.0 |          0.0 |         0.1 |
--------------------------------------------------------------------------------
| Net cash used in investing         |       14.1 |        -56.8 |       -64.8 |
| activities                         |            |              |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow before financing         |       48.6 |        -30.7 |        16.6 |
| activities                         |            |              |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow from financing           |            |              |             |
| activities                         |            |              |             |
--------------------------------------------------------------------------------
| Proceeds from options excercised   |        5.6 |         10.5 |        14.1 |
| and share issues                   |            |              |             |
--------------------------------------------------------------------------------
| Proceeds from (+), payments of (-) |      -45.1 |         62.5 |        88.5 |
| long-term borrowings               |            |              |             |
--------------------------------------------------------------------------------
| Proceeds from (+), payments of (-) |       20.6 |        -28.7 |      -101.8 |
| short-term borrowings              |            |              |             |
--------------------------------------------------------------------------------
| Proceeds from (-), payments of (+) |       -0.2 |         -0.1 |        -0.2 |
| short-term receivables             |            |              |             |
--------------------------------------------------------------------------------
| Dividends paid                     |      -26.7 |        -15.8 |       -15.8 |
--------------------------------------------------------------------------------
| Net cash used in financing         |      -45.9 |         28.5 |       -15.2 |
| activities                         |            |              |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Translation differences in cash    |        0.0 |         -0.9 |        -1.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Change of cash and cash            |        2.8 |         -3.1 |         0.3 |
| equivalents                        |            |              |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash and cash equivalents at       |       44.4 |         44.0 |        44.0 |
| beginning of period                |            |              |             |
--------------------------------------------------------------------------------
| Cash and cash equivalents at end   |       47.1 |         40.9 |        44.4 |
| of period                          |            |              |             |
--------------------------------------------------------------------------------
| Change of cash and cash            |        2.8 |         -3.1 |         0.3 |
| equivalents                        |            |              |             |
--------------------------------------------------------------------------------

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    |      |      |      |      |        |       |        |       |
--------------------------------------------------------------------------------
| Order Intakes  | 1-6/ | % of | 1-6/ | % of |  R12M* |  % of |  1-12/ |  % of |
| by Business    | 2007 | tota | 2006 | tota |        | total |   2006 | total |
| Area           |      |    l |      |    l |        |       |        |       |
--------------------------------------------------------------------------------
| Services 1)    | 286. |   30 | 208. |   28 |  526.8 |    30 |  448.5 |    29 |
|                |    5 |      |    2 |      |        |       |        |       |
--------------------------------------------------------------------------------
| Standard       | 395. |   42 | 297. |   40 |  690.6 |    39 |  592.7 |    38 |
| Lifting        |    8 |      |    9 |      |        |       |        |       |
--------------------------------------------------------------------------------
| Heavy Lifting  | 269. |   28 | 239. |   32 |  549.7 |    31 |  519.2 |    33 |
|                |    9 |      |    4 |      |        |       |        |       |
--------------------------------------------------------------------------------
| ./. Internal   | -57. |      | -43. |      | -101.8 |       |  -87.7 |       |
|                |    6 |      |    6 |      |        |       |        |       |
--------------------------------------------------------------------------------
| Total          | 894. |  100 | 701. |  100 |      1 |   100 |      1 |   100 |
|                |    5 |      |    9 |      |  665.5 |       |  472.8 |       |
--------------------------------------------------------------------------------
| 1) Excl.       |      |      |      |      |        |       |        |       |
| Service        |      |      |      |      |        |       |        |       |
| Contract Base  |      |      |      |      |        |       |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Order Book     |    1-6/2007 |    1-6/2006 |        |       |      1-12/2006 |
| total 2)       |             |             |        |       |                |
--------------------------------------------------------------------------------
| Total          | 699. |      | 640. |      |        |       |  571.6 |       |
|                |    8 |      |    7 |      |        |       |        |       |
--------------------------------------------------------------------------------
| 2) Percentage of      |      |      |      |        |       |        |       |
| completion deducted   |      |      |      |        |       |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Sales by       | 1-6/ | % of | 1-6/ | % of |  R12M* |  % of |  1-12/ |  % of |
| Business Area  | 2007 | tota | 2006 | tota |        | total |   2006 | total |
|                |      |    l |      |    l |        |       |        |       |
--------------------------------------------------------------------------------
| Services       | 299. |   35 | 228. |   34 |  597.4 |    34 |  526.6 |    33 |
|                |    4 |      |    5 |      |        |       |        |       |
--------------------------------------------------------------------------------
| Standard       | 314. |   37 | 245. |   36 |  626.9 |    36 |  558.4 |    35 |
| Lifting        |    2 |      |    6 |      |        |       |        |       |
--------------------------------------------------------------------------------
| Heavy Lifting  | 242. |   28 | 202. |   30 |  530.9 |    30 |  490.8 |    31 |
|                |    9 |      |    9 |      |        |       |        |       |
--------------------------------------------------------------------------------
| ./. Internal   | -53. |      | -40. |      | -106.6 |       |  -93.3 |       |
|                |    9 |      |    5 |      |        |       |        |       |
--------------------------------------------------------------------------------
| Total          | 802. |  100 | 636. |  100 |      1 |   100 |      1 |   100 |
|                |    6 |      |    6 |      |  648.5 |       |  482.5 |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Operating      |    1-6/2007 |    1-6/2006 |  R12M* |       |      1-12/2006 |
| Profit (EBIT)  |             |             |        |       |                |
| by Business    |             |             |        |       |                |
| Area without   |             |             |        |       |                |
--------------------------------------------------------------------------------
| gain on the    | MEUR | Ebit | MEUR | Ebit |   MEUR |  Ebit |   MEUR |  Ebit |
| sale of real   |      |    % |      |    % |        |     % |        |     % |
| estate         |      |      |      |      |        |       |        |       |
--------------------------------------------------------------------------------
| Services       | 33.1 | 11.1 | 21.0 |  9.2 |   65.1 |  10.9 |   53.0 |  10.1 |
--------------------------------------------------------------------------------
| Standard       | 41.5 | 13.2 | 19.9 |  8.1 |   73.0 |  11.6 |   51.5 |   9.2 |
| Lifting        |      |      |      |      |        |       |        |       |
--------------------------------------------------------------------------------
| Heavy Lifting  | 14.0 |  5.7 | 11.2 |  5.5 |   36.3 |   6.8 |   33.6 |   6.8 |
--------------------------------------------------------------------------------
| Group costs    | -18. |      | -16. |      |  -34.1 |       |  -31.6 |       |
|                |    7 |      |    2 |      |        |       |        |       |
--------------------------------------------------------------------------------
| Consolidation  | -1.0 |      | -0.9 |      |   -1.0 |       |   -0.9 |       |
| items          |      |      |      |      |        |       |        |       |
--------------------------------------------------------------------------------
| Total          | 68.8 |  8.6 | 35.0 |  5.5 |  139.3 |   8.5 |  105.5 |   7.1 |
--------------------------------------------------------------------------------
| *R12M =        |      |      |      |      |        |       |        |       |
| Rolling 12     |      |      |      |      |        |       |        |       |
| Months         |      |      |      |      |        |       |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total          | 1-6/2007    | 1-6/2006    | R12M*  |       | 1-12/2006      |
| Operating      |             |             |        |       |                |
| Profit (EBIT)  |             |             |        |       |                |
| by Business    |             |             |        |       |                |
| Area           |             |             |        |       |                |
--------------------------------------------------------------------------------
|                | MEUR | Ebit | MEUR | Ebit |   MEUR |  Ebit |   MEUR |  Ebit |
|                |      |    % |      |    % |        |     % |        |     % |
--------------------------------------------------------------------------------
| Services       | 33.9 | 11.3 | 21.0 |  9.2 |   65.9 |  11.0 |   53.0 |  10.1 |
--------------------------------------------------------------------------------
| Standard       | 50.4 | 16.0 | 19.9 |  8.1 |   81.9 |  13.1 |   51.5 |   9.2 |
| Lifting        |      |      |      |      |        |       |        |       |
--------------------------------------------------------------------------------
| Heavy Lifting  | 21.8 |  9.0 | 11.2 |  5.5 |   44.2 |   8.3 |   33.6 |   6.8 |
--------------------------------------------------------------------------------
| Group costs    | -18. |      | -16. |      |  -34.1 |       |  -31.6 |       |
|                |    7 |      |    2 |      |        |       |        |       |
--------------------------------------------------------------------------------
| Consolidation  | -1.0 |      | -0.9 |      |   -1.0 |       |   -0.9 |       |
| items          |      |      |      |      |        |       |        |       |
--------------------------------------------------------------------------------
| Total          | 86.4 | 10.8 | 35.0 |  5.5 |  156.9 |   9.5 |  105.5 |   7.1 |
--------------------------------------------------------------------------------
| *R12M =        |      |      |      |      |        |       |        |       |
| Rolling 12     |      |      |      |      |        |       |        |       |
| Months         |      |      |      |      |        |       |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Personnel by   | 1-6/2007    | 1-6/2006    |        |       | 1-12/2006      |
| Business Area  |             |             |        |       |                |
--------------------------------------------------------------------------------
| (at the End of |      | % of |      | % of |        |       |        |  % of |
| the Period)    |      | tota |      | tota |        |       |        | total |
|                |      |    l |      |    l |        |       |        |       |
--------------------------------------------------------------------------------
| Services       |    4 |   53 |    3 |   52 |        |       |  3 923 |    52 |
|                |  208 |      |  775 |      |        |       |        |       |
--------------------------------------------------------------------------------
| Standard       |    2 |   30 |    2 |   32 |        |       |  2 333 |    31 |
| Lifting        |  356 |      |  297 |      |        |       |        |       |
--------------------------------------------------------------------------------
| Heavy Lifting  |    1 |   15 |    1 |   14 |        |       |  1 131 |    15 |
|                |  220 |      |  015 |      |        |       |        |       |
--------------------------------------------------------------------------------
| Group staff    |  199 |    2 |  169 |    2 |        |       |    162 |     2 |
--------------------------------------------------------------------------------
| Total          |    7 |  100 |    7 |  100 |        |       |  7 549 |   100 |
|                |  983 |      |  256 |      |        |       |        |       |
--------------------------------------------------------------------------------
| Average number | 7 77 |      | 6 43 |      |        |       |  6 859 |       |
| of personnel   |    9 |      |    5 |      |        |       |        |       |
| during period  |      |      |      |      |        |       |        |       |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| 2.            |      |      |       |      |        |       |        |       |
| GEOGRAPHICAL  |      |      |       |      |        |       |        |       |
| SEGMENTS      |      |      |       |      |        |       |        |       |
--------------------------------------------------------------------------------
| EUR million   |      |      |       |      |        |       |        |       |
--------------------------------------------------------------------------------
| Sales by      | 1-6/ | % of |  1-6/ | % of |  R12M* |  % of | 1-12/  |  % of |
| Market        | 2007 | tota |  2006 | tota |        | total |  2006  | total |
|               |      |    l |       |    l |        |       |        |       |
--------------------------------------------------------------------------------
| Europe-Middle | 415. |   52 | 365.4 |   57 |  830.8 |    50 |  781.0 |    53 |
| East-Africa   |    2 |      |       |      |        |       |        |       |
| (EMEA)        |      |      |       |      |        |       |        |       |
--------------------------------------------------------------------------------
| Americas      | 294. |   37 | 195.9 |   31 |  611.3 |    37 |  512.3 |    35 |
| (AME)         |    8 |      |       |      |        |       |        |       |
--------------------------------------------------------------------------------
| Asia-Pacific  | 92.6 |   12 |  75.4 |   12 |  206.4 |    13 |  189.1 |    13 |
| (APAC)        |      |      |       |      |        |       |        |       |
--------------------------------------------------------------------------------
| Total         | 802. |  100 | 636.6 |  100 |      1 |   100 |      1 |   100 |
|               |    6 |      |       |      |  648.4 |       |  482.5 |       |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| NOTES:                           |        |    |         |     |             |
--------------------------------------------------------------------------------
| INVESTMENTS                      |        |    |         |     |             |
--------------------------------------------------------------------------------
| EUR million                      |  30.06.2007 |    30.06.2006 |  31.12.2006 |
--------------------------------------------------------------------------------
| Investments Total (              |   12.8 |    |     7.5 |     |        16.3 |
| excl.Acquisitions)               |        |    |         |     |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| NET INTEREST BEARING LIABILITIES          |    |         |     |             |
--------------------------------------------------------------------------------
| EUR million                      |  30.06.2007 |    30.06.2006 |  31.12.2006 |
--------------------------------------------------------------------------------
| Long- and short-term interest    | -149.8 |    |  -218.4 |     |      -173.3 |
| bearing liabilities              |        |    |         |     |             |
--------------------------------------------------------------------------------
| Cash and cash equivalents and    |   47.9 |    |    41.4 |     |        45.0 |
| other interest bearing assets    |        |    |         |     |             |
--------------------------------------------------------------------------------
| Total                            | -101.9 |    |  -177.0 |     |      -128.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CONTINGENT LIABILITIES AND PLEDGED ASSETS      |         |     |             |
--------------------------------------------------------------------------------
| EUR million                      |  30.06.2007 |    30.06.2006 |  31.12.2006 |
--------------------------------------------------------------------------------
| Contingent liabilities           |        |    |         |     |             |
--------------------------------------------------------------------------------
| For own debts                    |        |    |         |     |             |
--------------------------------------------------------------------------------
|  Mortgages on land and buildings |    0.0 |    |     5.9 |     |         0.7 |
--------------------------------------------------------------------------------
| For own commercial obligations   |        |    |         |     |             |
--------------------------------------------------------------------------------
|   Pledged assets                 |    1.2 |    |     0.9 |     |         1.1 |
--------------------------------------------------------------------------------
|   Guarantees                     |  141.9 |    |   115.3 |     |       136.3 |
--------------------------------------------------------------------------------
| Other contingent liabilities and financial     |         |     |             |
| liabilities                                    |         |     |             |
--------------------------------------------------------------------------------
| Leasing liabilities              |        |    |         |     |             |
--------------------------------------------------------------------------------
|   Next year                      |   15.4 |    |    38.7 |     |        11.1 |
--------------------------------------------------------------------------------
|   Later on                       |   53.5 |    |     0.7 |     |        26.0 |
--------------------------------------------------------------------------------
| Other                            |    1.6 |    |         |     |         1.0 |
--------------------------------------------------------------------------------
| Total                            |  213.6 |    |   161.4 |     |       176.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Leasing contracts follow the normal practices in corresponding countries.    |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total by category                |        |    |         |     |             |
--------------------------------------------------------------------------------
| Mortgages on land and buildings  |    0.0 |    |     5.9 |     |         0.7 |
--------------------------------------------------------------------------------
| Pledged assets                   |    1.2 |    |     0.9 |     |         1.1 |
--------------------------------------------------------------------------------
| Guarantees                       |  141.9 |    |   115.3 |     |       136.3 |
--------------------------------------------------------------------------------
| Other liabilities                |   70.4 |    |    39.4 |     |        38.1 |
--------------------------------------------------------------------------------
| Total                            |  213.6 |    |   161.4 |     |       176.2 |
--------------------------------------------------------------------------------

Contingent liabilities relating to litigations                                  
Konecranes is party to routine litigation incidental to the normal conduct of   
business. In the opinion of management the outcome of and liabilities in excess 
of what has been provided, in the aggregate, are not likely to be material to   
the financial condition or results of operations, taking also in the account the
insurance arrangements the group has in place.                                  

--------------------------------------------------------------------------------
| NOTIONAL AND FAIR VALUES OF  DERIVATIVE FINANCIAL INSTRUMENTS      |         |
--------------------------------------------------------------------------------
| EUR million         | 6/2007 | 6/200 |  6/2006 |  6/2006 | 12/2006 | 12/2006 |
|                     |        |     7 |         |         |         |         |
--------------------------------------------------------------------------------
|                     | Nomina | Fair  | Nominal |   Fair  | Nominal |   Fair  |
|                     |      l | value |   value |   value |   value |   value |
|                     |  value |       |         |         |         |         |
--------------------------------------------------------------------------------
| Foreign exchange    |  225.9 |   2.6 |   300.5 |     3.7 |   279.7 |     3.0 |
| forward contracts   |        |       |         |         |         |         |
--------------------------------------------------------------------------------
| Electricity         |    1.1 |   0.2 |     0.7 |     0.4 |     1.1 |     0.1 |
| derivatives         |        |       |         |         |         |         |
--------------------------------------------------------------------------------
| Total               |  226.9 |   2.7 |   301.3 |     4.1 |   280.8 |     3.1 |
--------------------------------------------------------------------------------

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


ACQUISITIONS                                                                    

During the first half year in 2007 Konecranes made few small business           
acquisitions. The most important of these was the acquisition of Straddle       
carrier manufacturer in Germany, Consens Transport Systeme. Additionally  in    
January Konecranes signed an agreement to acquire a maintenance service business
of a small Swedish-based company El&Travers. In March Konecranes made an asset  
purchase agreement with Spanish company Sistemas de Elevacion, operating in the 
field of port service.                                                          
The preliminary fair values of the identifiable assets and liabilities of       
acquired businesses at the date of acquisitions are summarized below.           


--------------------------------------------------------------------------------
| EUR million                              |            6/2007 |        6/2007 |
--------------------------------------------------------------------------------
|                                          |     Recognized on |     Carrying  |
|                                          |       acquisition |         value |
--------------------------------------------------------------------------------
| Intangible assets                        |               1.0 |           0.2 |
--------------------------------------------------------------------------------
| Tangible assets                          |               0.2 |           0.2 |
--------------------------------------------------------------------------------
| Deferred tax assets                      |               0.0 |           0.0 |
--------------------------------------------------------------------------------
| Inventories                              |               4.0 |           4.0 |
--------------------------------------------------------------------------------
| Receivables and other assets             |               0.0 |           0.0 |
--------------------------------------------------------------------------------
| Cash and bank                            |               0.0 |           0.0 |
--------------------------------------------------------------------------------
| Total assets                             |               5.2 |           4.5 |
--------------------------------------------------------------------------------
| Liabilities                              |               0.1 |           0.0 |
--------------------------------------------------------------------------------
| Net assets                               |               5.2 |           4.4 |
--------------------------------------------------------------------------------
| Acquisition costs                        |               5.4 |               |
--------------------------------------------------------------------------------
| Goodwill                                 |               0.3 |               |
--------------------------------------------------------------------------------
| Cash outflow on acquisition              |                   |               |
--------------------------------------------------------------------------------
| Acquisition costs paid in cash           |               5.2 |               |
--------------------------------------------------------------------------------
| Cash and cash equivalents of acquired    |               0.0 |               |
| companies                                |                   |               |
--------------------------------------------------------------------------------
| Net cash flow arising on acquisition     |               5.2 |               |
--------------------------------------------------------------------------------
| Cost of the business combination         |                   |               |
--------------------------------------------------------------------------------
| Acquisition costs paid in cash           |               5.2 |               |
--------------------------------------------------------------------------------
| Liabilities assumed                      |               0.2 |               |
--------------------------------------------------------------------------------
| Total cost of business combination       |               5.4 |               |
--------------------------------------------------------------------------------


ACCOUNTING PRINCIPLES                                                           

These presented interim financial statements have been prepared in accordance   
with IAS 34 Interim Financial Reporting.                                        

Konecranes applies the same accounting policies as are applied in 2006 annual   
financial statements, except the change in Segment reporting.                   

At the beginning of year 2007 in Business Area segment Konecranes branded spare 
parts are reported in the Service Business Area, while they were earlier partly 
included in Standard Lifting. Also the geographical Segment reporting structure 
has been changed. The new geographical segments are Europe, Middle East, Africa 
(EMEA), Americas (AME) and Asia-Pacific (APAC). The earlier structure was Nordic
and Eastern Europe, EU (excl.Nordic), Americas and Asia-Pacific.                

The key figures in this interim financial report are calculated with same       
accounting principles than in year 2006 annual financial statements. The        
calculation rules of key figures are presented in the financial statements of   
previous year.                                                                  

The figures presented in the tables below 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                                






Events on 1 August, 2007                                                        

Analyst and press briefing                                                      

A luncheon presentation for media and analysts will be held at Konecranes office
in Helsinki at 12.00 noon Finnish Time (address: Eteläesplanadi 22 B).          

Live webcast                                                                    

A live webcast of the presentation for analysts and media will begin at 12.00   
noon Finnish Time and can be followed at www.konecranes.com.                    

Internet                                                                        

This report and presentation material is available on the Internet at           
www.konecranes.com immediately after publication. A recording of the webcast    
will be available on the Internet later on the same day.                        

Next report                                                                     

Konecranes Interim Report January - September 2007 will be published on 31      
October, 2007 10.00 a.m.                                                        




KONECRANES PLC                                                                  



Paul Lönnfors                                                                   
IR Manager                                                                      




FURTHER INFORMATION                                                             
Mr Pekka Lundmark, President and CEO, tel. +358-20 427 2000                     
Mr Teuvo Rintamäki, Chief Financial Officer, tel. +358-20 427 2040,             
Mr Paul Lönnfors, IR Manager, tel. +358-20 427 2050                             




DISTRIBUTION                                                                    
OMX Helsinki Stock Exchange                                                     
Media