Cargotec Oyj

Cargotec Corporation has agreed to sell its MacGregor business to Triton-managed funds for EUR 480 million to support the growth of its Hiab division. This transaction is part of Cargotec's strategic transformation to establish Hiab as a standalone entity, expected by April 2025. Following the sale, Cargotec plans to change its name to Hiab and appoint Scott Phillips as CEO, while current CEO Casimir Lindholm will step down. The sale is anticipated to close by July 2025, pending regulatory approvals. Cargotec will record a EUR 200 million tax-exempt loss due to the transaction, with additional separation costs of EUR 25 million. The proceeds will also fund Hiab’s growth and potentially pay extra dividends. The transaction aligns with Cargotec's strategy to enhance shareholder value by separating its business units. MacGregor will be reported as discontinued operations from Q4 2024, and Cargotec's financial outlook remains unaffected.

Cargotec Corporation reported stable financial results for the seventh consecutive quarter in its interim report for January to September 2024. The company witnessed an increase in orders received in the third quarter, with a total of EUR 597 million, and sales amounting to EUR 590 million. The comparable operating profit rose by 14% to EUR 70 million, representing 11.8% of sales. Cargotec has updated its reporting structure following a partial demerger, now focusing on two segments: Hiab and MacGregor. Hiab's orders increased by 16%, although sales decreased by 8% to EUR 388 million. Hiab's profitability remained strong with a comparable operating profit of EUR 59 million. MacGregor saw a 12% increase in orders and a 13% rise in sales, with a comparable operating profit of EUR 20 million. Cargotec revised its 2024 outlook, estimating Hiab’s operating profit margin to exceed 14.0% and MacGregor’s profit to surpass EUR 65 million. The company is progressing in selling MacGregor and preparing Hiab for a standalone future. A telephone conference for analysts and media was scheduled to discuss the report.

Cargotec Corporation announced the completion of its share repurchase program, initially declared on August 7, 2024. Between August 9 and September 27, 2024, the company repurchased 400,000 shares at an average price of 46.6784 EUR. The repurchases were authorized by the Annual General Meeting on May 30, 2024, and the shares will be used for the company's share-based incentive programs. Cargotec now holds a total of 784,050 shares. For more information, contact Mikko Puolakka, Executive Vice President and CFO, or Aki Vesikallio, Vice President of Investor Relations. Cargotec’s businesses, Hiab and MacGregor, focus on smart cargo handling solutions. In 2023, Cargotec's sales were approximately EUR 2.5 billion, and the company employs over 6,000 people.

For further information, please contact Aki Vesikallio, Vice President, Investor Relations, at +358 40 729 1670. Cargotec’s businesses, Hiab and MacGregor, provide advanced cargo handling solutions and services. Hiab specializes in smart and sustainable on-road load-handling solutions, while MacGregor focuses on sustainable maritime cargo and load handling. In 2023, Cargotec's sales were approximately EUR 2.5 billion, and the company employs over 6,000 people. More information can be found at www.cargotec.com.

For more information, please contact Aki Vesikallio, Vice President, Investor Relations, at +358 40 729 1670. Cargotec's businesses, Hiab and MacGregor, provide advanced cargo handling solutions and services. Hiab specializes in on-road load-handling solutions, focusing on customer experience and sustainability. MacGregor offers maritime cargo and load handling solutions with an emphasis on sustainability. In 2023, Cargotec's sales were approximately EUR 2.5 billion, and the company employs over 6,000 people. More details can be found at www.cargotec.com.

For further information, please contact Aki Vesikallio, Vice President, Investor Relations, at +358 40 729 1670. Cargotec’s businesses Hiab and MacGregor provide advanced cargo handling solutions and services. Hiab specializes in on-road load-handling solutions, focusing on customer experience and sustainability. MacGregor offers maritime cargo and load-handling solutions with a strong emphasis on sustainability. In 2023, Cargotec reported sales of approximately EUR 2.5 billion and employs over 6,000 people. For more details, visit www.cargotec.com.

For further information, please contact Aki Vesikallio, Vice President, Investor Relations, at +358 40 729 1670. Cargotec’s businesses, Hiab and MacGregor, provide advanced cargo handling solutions and services. Hiab specializes in on-road load-handling solutions, while MacGregor focuses on maritime cargo handling. In 2023, Cargotec's sales were approximately EUR 2.5 billion, and the company employs over 6,000 people. More details can be found at www.cargotec.com.

For further information, please contact Aki Vesikallio, Vice President, Investor Relations, at +358 40 729 1670. Cargotec’s businesses Hiab and MacGregor provide advanced cargo handling solutions and services. Hiab focuses on smart and sustainable on-road load-handling solutions, aiming for the best customer experience with engaged personnel and partners. MacGregor specializes in sustainable maritime cargo and load handling with a robust portfolio of products and services. In 2023, Cargotec's sales amounted to approximately EUR 2.5 billion, and the company employs over 6,000 people. More information can be found at www.cargotec.com.

For further information, please contact Aki Vesikallio, Vice President of Investor Relations, at +358 40 729 1670. Cargotec’s businesses, Hiab and MacGregor, specialize in advanced cargo handling solutions and services. Hiab focuses on smart and sustainable on-road load-handling solutions, offering a superior customer experience through its dedicated team and partners. MacGregor excels in sustainable maritime cargo and load handling with a comprehensive range of products and services. In 2023, Cargotec's sales reached approximately EUR 2.5 billion, and the company employs over 6,000 people. More details can be found at www.cargotec.com.

For more information, please contact Aki Vesikallio, Vice President, Investor Relations, at +358 40 729 1670. Cargotec's businesses, Hiab and MacGregor, offer advanced cargo handling solutions and services. Hiab specializes in on-road load-handling solutions, focusing on smart and sustainable practices. MacGregor provides maritime cargo and load handling solutions. In 2023, Cargotec's sales were approximately EUR 2.5 billion, and the company employs over 6,000 people. More details can be found at www.cargotec.com. Attachment: CGCBV_19.9_trades.xlsx