Demag Cranes AG

euro adhoc: Demag Cranes AG
Earnings Forecast
Port Technology Has Negative Impact on Earnings Forecast of Demag Cranes AG

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Higher Manufacturing Costs and Transport Bottlenecks in Port Technology Segment Business continues to be good in the Industrial Cranes and Services segments

Dusseldorf, 13 July 2007. Today, the Management Board of Demag Cranes AG has lowered its earnings forecast for the current financial year ending 30 September based on preliminary figures for the third quarter of financial year 2006/2007. This is due to manufacturing costs in the Port Technology segment that are associated with the new Generation 5 mobile harbour cranes. In addition, transport bottlenecks in the Port Technology segment have led to hold-ups in the delivery of manufactured cranes. Business results for the two segments Industrial Cranes and Services continue to be good. In the Port Technology segment, earnings in the third quarter based on preliminary figures are negative. Based on these new circumstances, the targets for the financial year ending 30 September have been adjusted as follows:

Group sales: EUR 1,040 million to EUR 1,070 million (previously: EUR 1,056 million to EUR 1,086 million) Adjusted Group EBITDA: approx. EUR 113 million (previously: EUR 127 million to EUR 132 million) Adjusted Group EBIT: approx. EUR 93 million (previously: EUR 105 million to EUR 109 million)

The final figures for the third quarter of financial year 2006/2007 will be published on 9 August 2007. End of message

We would also like to invite you to a conference call on that issue, today, 13 July 2007, at 3:00 p.m. (CET). To participate, please dial on the following telephone numbers approximately 5 minutes prior to the conference call.

Germany:+49 (0)69 2222 2246 UK:+44 (0)20 7138 0836 USA:+1 718 354 1172

The operator will ask you for the following information: Conference title: Demag Cranes Conference Call Your name and your company

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ots Originaltext: Demag Cranes AG
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Further inquiry note:
Anke Linnartz
Investor Relations
Telefon: +49(0211) 7102 1210

Branche: Machine Manufacturing
ISIN:      DE000DCAG010
WKN:        DCAG01
Index:    CDAX, SDAX, Prime All Share, Classic All Share
Börsen:  Börse Frankfurt / official dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / free trade

Weitere Meldungen: Demag Cranes AG

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