Cargotec has reduced its full year profits forecast stated in July when it published its 1H/2008 results. Full year 2008 operating margin is now expected to be lower than 2007’s 7.3% , whereas Cargotec previously guided for between 7.3% and 8%.
Cargotec emphasises that order intake has continued strong in Kalmar and MacGregor and that its expectation for 2008 sales growth remains unchanged. However, due to a weakened market situation in Europe and an even lower expected order intake for Hiab in the US, factory utilisation and and profitability in the second half of the year will be negatively affected....
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This complete item is approximately 400 words in length, and appeared in the September 2008 issue of WorldCargo News, on page 3.
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