KONECRANES' RESTATED 2007 BUSINESS AREA FIGURES ACCORDING TO NEW REPORTING METHOD
KONECRANES PLC STOCK EXCHANGE RELEASE APRIL 15, 2008 3.30 P.M.
KONECRANES' RESTATED 2007 BUSINESS AREA FIGURES ACCORDING TO NEW REPORTING METHOD In order to increase the transparency of the reported Business Area performance, Konecranes will, as communicated in the 2007 Annual Report, report its services and spare parts business in the Service Business Area as of January 1, 2008 Due to this change, the Business Area figures for 2007 will be restated in future reports for better comparability. The restated figures differ from the reported figures for all three Business Areas, while the Group and regional figures are unchanged. The main change in the reporting method is that the non-Konecranes branded spare parts business is included in the Service Business Area, where previously it was reported in Standard and Heavy Lifting. The spare part business for Konecranes-branded products was included in the Service Business Area as of 2007. The 2007 comparison figures according to the new reporting structure are presented in the table below. -------------------------------------------------------------------------------- | | Restate | Restated | Restated | Restated | Restated | Reported | | | d | | | | | | -------------------------------------------------------------------------------- | | Q1/07 | Q2/07* | Q3/07 | Q4/07 | 2007* | 2007* | -------------------------------------------------------------------------------- | Service | | | | | | | -------------------------------------------------------------------------------- | Orders | 159.0 | 157.2 | 154.8 | 152.4 | 623.4 | 563.0 | | received, | | | | | | | | MEUR | | | | | | | -------------------------------------------------------------------------------- | Net Sales, | 163.2 | 166.7 | 173.2 | 189.1 | 692.2 | 628.6 | | MEUR | | | | | | | -------------------------------------------------------------------------------- | Operating | 18.5 | 21.1 | 24.7 | 27.6 | 91.9 | 78.7 | | Income, | | | | | | | | MEUR | | | | | | | -------------------------------------------------------------------------------- | Operating | 11.3 % | 12.7 % | 14.3 % | 14.6 % | 13.3 % | 12.5 % | | Margin, % | | | | | | | -------------------------------------------------------------------------------- | Standard | | | | | | | | Lifting | | | | | | | -------------------------------------------------------------------------------- | Orders | 183.4 | 187.5 | 188.2 | 184.2 | 743.3 | 793.8 | | received, | | | | | | | | MEUR | | | | | | | -------------------------------------------------------------------------------- | Net Sales, | 131.8 | 156.8 | 163.4 | 186.9 | 638.9 | 692.6 | | MEUR | | | | | | | -------------------------------------------------------------------------------- | Operating | 14.3 | 21.9 | 25.1 | 29.0 | 90.4 | 101.2 | | Income, | | | | | | | | MEUR | | | | | | | -------------------------------------------------------------------------------- | Operating | 10.9 % | 14.0 % | 15.4 % | 15.5 % | 14.2 % | 14.6 % | | Margin, % | | | | | | | -------------------------------------------------------------------------------- | Heavy | | | | | | | | Lifting | | | | | | | -------------------------------------------------------------------------------- | Orders | 114.9 | 148.4 | 191.8 | 165.3 | 620.4 | 633.9 | | received, | | | | | | | | MEUR | | | | | | | -------------------------------------------------------------------------------- | Net Sales, | 110.6 | 125.8 | 115.0 | 184.4 | 535.7 | 549.0 | | MEUR | | | | | | | -------------------------------------------------------------------------------- | Operating | 7.3 | 5.5 | 3.8 | 15.0 | 31.6 | 34.0 | | Income, | | | | | | | | MEUR | | | | | | | -------------------------------------------------------------------------------- | Operating | 6.6 % | 4.4 % | 3.3 % | 8.1 % | 5.9 % | 6.2 % | | Margin, % | | | | | | | -------------------------------------------------------------------------------- *EBIT and EBIT margin excluding EUR 17.6 million capital gain booked in Q2 2007. Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity-enhancing lifting solutions as well as services for lifting equipment and machine tools of all makes. In 2007, Group sales totaled EUR 1,750 million. The Group has 8,400 employees, at more than 470 locations in 43 countries. Konecranes is listed on the OMX Nordic Exchange Helsinki (symbol: KCR1V). KONECRANES PLC Paul Lönnfors IR Manager FURTHER INFORMATION Konecranes Plc Paul Lönnfors, IR Manager, tel. +358 (0)20 427 2050 DISTRIBUTION OMX Nordic Exchange Helsinki Media