Demag Cranes announces preliminary figures for fiscal year 2005/2006 - sales and earnings targets fully reached

Geschrieben am 27-11-2006

ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.

Düsseldorf (euro adhoc) - Demag Cranes announces preliminary figures
for fiscal year 2005/2006 -sales and earnings targets fully reached

- Rise in sales of 11.9 percent to E 986.9 million
- Adjusted EBITDA increased by 24.4 percent to Euro 105.6 million
- Marked improvement in profitability
- Significant reduction in net financial liabilities to Euro 133.3
- Outlook for fiscal year 2006/2007: substantial order book and
ongoing positive market environment

Düsseldorf, November 27, 2006 - According to preliminary figures for
fiscal year 2005/2006 Demag Cranes AG fully reached all the goals
it had set itself. Consolidated sales rose by 11.9 percent to Euro
986.9 million compared with the same period of the previous year and
were thus at the upper end of the projected target corridor of 9 to
12 percent. In addition to a favorable economic environment, and the
dynamic globalization in world trade, this is attributable primarily
to the success launch of new products. In particular the BRIC
countries (Brazil, Russia, India, and China), as well as Eastern
Europe, posted above-average growth.

At Euro 105.6 million, adjusted EBITDA was 24.4 percent up on the
period in comparison, and was thus slightly above the targeted 18 to
24 percent rise in earnings. The EBITDA margin improved by 1.1
percentage points to 10.7 percent. Reasons for this include the
impact of measures taken to push results, such as process
optimization and standardization of products, modularization of
components and optimization of sourcing and production. Although net
income rose over-proportionately to Euro 22.1 million compared with
last year´s figure of Euro 0.5 million, it is still burdened by
special effects associated with, among other things, the IPO.
Earnings per share translate to Euro 1.04.

Debts clearly reduced Net financial liabilities have been
significantly reduced from Euro 178.3 million to Euro 133.3 million
over the last fiscal year. This was primarily the result of active
cash management, as well as optimization of the financing structure.
As such the gearing improved from 111.0 percent to 70.6 percent.

Outlook: Continuation of positive business trend expected For the
current fiscal year the Management Board of Demag Cranes AG expects a
stable economic environment and a trend to strong growth in some
markets. From today's point of view the overall positive development
in demand in the three business segments Industrial Cranes, Services
and Port Technology is set to continue. Given the company's leading
edge in technology, on-going cost-cutting and efficiency-boosting
programs, as well as continuing growth in targeted geographic region
such as Europe, Asia and the BRIC countries, the Management Board
expects extremely positive trends in the years to come as well.
Strong demand for capital goods in the handling field is reflected in
a clear increase in the order backlog and orders being placed than in
the prior year. As Harald J. Joos, the Chief Executive Officer of
Demag Cranes AG underscores: "2006 was an extremely successful year
for us. The strategic focus on sustained and profitable growth is
impacting, the new products are being more than well received by the
market, and the order books are full. I am quite optimistic for the
next few years."

About Demag Cranes AG

The Demag Cranes Group is one of the world's leading providers of
industrial cranes and crane components, harbor cranes and port
automation technology. Services, in particular maintenance and
refurbishment services, are another core element of its business
activities. The Group, which is divided into the Industrial Cranes,
Port Technology and Services segments, has strong brands - 'Demag'
and 'Gottwald'. Demag Cranes believes that it is a global market
leader, by virtue of its innovation and technology leadership, its
excellent product and service quality and its close and long-term
customer relationships. Demag Cranes manufactures in 16 countries on
five continents and operates a worldwide sales and service network
that is present in over 60 countries through its subsidiaries,
representative offices and a joint venture.

For further information, please contact

Media enquiries:
Nikolai Juchem
Head of Corporate Communications and Marketing
Tel.: +49-211-7102-1019
Email: nikolai.juchem@demagcranes-ag.com

Investors and analysts:
Anke Linnartz
Head of Investor Relations
Tel.: +49-211-7102-1210
Email: anke.linnartz@demagcranes-ag.com

Cautionary note regarding forward-looking statements

This press release contains forward-looking statements. These
statements are based on the current views, expectations and
assumptions of the management of Demag Cranes AG and involve known
and unknown risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
implied in such statements. Actual results, performance or events may
differ materially from those described in such statements due to,
among other things, changes in the general economic and competitive
environment, risks associated with capital markets, currency exchange
rate fluctuations and competition from other companies, changes in
international and national laws and regulations, in particular with
respect to tax laws and regulations, affecting Demag Cranes AG, and
other factors. Many of these factors may be more likely to occur, or
more pronounced, as a result of terrorist activities and their

Demag Cranes AG does not assume any obligation

Selected preliminary key financials as of the end of Fiscal Year
2005/ 2006 (30 September 2006)

| |01.10.05-30.09.06 |01.10.04-30.09.05 |Change |
| | | |in % |
|Group | | | |
|Order intake |Euro 1,054.0m |Euro 921.5m |14.4 |
|Order backlog |Euro 305.6m |Euro 249.7m |22.4 |
|Sales |Euro 986.9m |Euro 881.6m |11.9 |
|EBITDA (adjust.)1|Euro 105.6m |Euro 84.9m |24.4 |
|as a % of sales |10.7 |9.6 |1.1%-pts.|
| | | | |
|EBIT (adjust.)1 |Euro 84.5m |Euro 64.0m |32.0 |
|as a % of sales |8.6 |7.3 |1.3%-pts.|
| | | | |
|EBIT |Euro 54.1m |Euro 36.1m |49.9 |
|Net income |Euro 22.1m |Euro 0.5m |4,320.0 |
|after taxes | | | |
|Net financial |Euro 133.3m |Euro 178.3m |-25.2 |
|liabilities | | | |
|Gearing in |70.6 |111.0 |n.a. |
|percent | | | |
1 The adjustments reflect the effects of the purchase accounting method, one-
off effects as well as holding charges up to the IPO.

end of announcement euro adhoc 27.11.2006 07:30:00

ots Originaltext: Demag Cranes AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Nikolai Juchem

Branche: Machine Manufacturing
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