Brief: Cargotec Corp Q3 Orders Received At EUR 597 Million

Hiab Oyj

23/10/2024 07:29

Oct 23 (Reuters) - Cargotec Corp  CGCBV.HE :
    * Q3 ORDERS RECEIVED EUR 597 MILLION VERSUS EUR 559.5
MILLION SEEN
IN VARA CONSENSUS
    * ESTIMATES HIAB'S COMPARABLE OPERATING PROFIT MARGIN IN
2024 TO
BE ABOVE 14.0 PERCENT
    * ESTIMATES MACGREGOR'S COMPARABLE OPERATING PROFIT IN 2024
TO BE
ABOVE EUR 65 MILLION.
    * Q3 SALES EUR 590 MILLION VERSUS EUR 581.1 MILLION SEEN IN
VARA
CONSENSUS
    * Q3 COMPARABLE OPERATING PROFIT EUR 70 MILLION VERSUS EUR
65.1
MILLION SEEN IN VARA CONSENSUS
    * FOR FIRST TIME IN CARGOTEC'S HISTORY, WE HAVE A NET CASH
POSITION.
    * IN CURRENT MARKET SITUATION, DEMAND FOR HIAB'S SOLUTIONS
MIGHT
BE LOWER THAN IN PREVIOUS YEARS
    * CUSTOMERS MAY ALSO TRY TO POSTPONE OR CANCEL ORDERS OR
DEMAND
LOWER PRICES
    * IF MACGREGOR IS SOLD, PLANS TO PROPOSE TO SHAREHOLDERS TO
CHANGE
NAME TO HIAB

Source text for Eikon:  ID:nGNEbhXVbL 
Further company coverage:  CGCBV.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))