Brief: Macgregor Settles Dispute With Customer, Cargotec Starts Sales Process Of Macgregor

Hiab Oyj

28/05/2024 11:13

May 28 (Reuters) - Cargotec Corp  CGCBV.HE :
    * MACGREGOR SETTLES THE DISPUTE WITH A MONOPILE INSTALLATION
VESSEL CUSTOMER AND CARGOTEC STARTS THE SALES PROCESS OF
MACGREGOR
    * SETTLEMENT WILL HAVE AN APPROXIMATELY EUR 25 MILLION
NEGATIVE
IMPACT ON MACGREGOR'S Q2 2024 OPERATING PROFIT
    * ESTIMATES MACGREGOR'S COMPARABLE OPERATING PROFIT IN 2024
TO
IMPROVE FROM 2023
    * MACGREGOR'S OFFSHORE BUSINESS' PERFORMANCE HAS BEEN
OVERALL
UNSATISFACTORY
    * MACGREGOR HAS NOW DECIDED TO STOP OFFERING MONOPILE
INSTALLATION
SOLUTION
    * WILL NOT COMMIT TO ANY NEW PILOT PROJECTS UNTIL ALL
TECHNICAL
CHALLENGES ARE SOLVED

Source text for Eikon:  ID:nGNE8mLXW3 
Further company coverage:  CGCBV.HE 

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