Figures in brackets, unless otherwise stated, refer to the same period a year earlier

SECOND QUARTER HIGHLIGHTS

– Order intake EUR 480.2 million (490.3), -2.1 percent.

– Order book EUR 1,043.3 million (1,100.4) at end-June, -5.2 percent.

– Sales EUR 528.8 million (535.6), -1.3 percent; Service -1.4 percent and Equipment -2.6 percent.

– Adjusted operating profit* EUR 36.0 million (25.7), 6.8 percent of sales (4.8).

– Adjustments* EUR -7.4 million (-9.5).

– Operating profit EUR 28.6 million (16.3), 5.4 percent of sales (3.0).

– Earnings per share (diluted) EUR 0.27 (0.19).

– Net cash flow from operating activities EUR 17.3 million (5.7).

– Net debt EUR 258.7 million (261.9) and gearing 64.4 percent (59.9).

JANUARY-JUNE HIGHLIGHTS

– Order intake EUR 905.3 million (1,009.1), -10.3 percent mainly due to lower port cranes orders in the first quarter.

– Sales EUR 987.4 million (1,010.5), -2.3 percent; Service -1.7 percent and Equipment -4.4 percent.

– Adjusted operating profit* EUR 50.8 million (39.9), 5.1 percent of sales (3.9).

– Adjustments* EUR -21.9 million (-11.8).

– Operating profit EUR 28.9 million (28.1), 2.9 percent of sales (2.8).

– Earnings per share (diluted) EUR 0.19 (0.29).

– Net cash flow from operating activities EUR 14.2 million (-48.7).

*Adjustments (corresponding term non-recurring items in 2015) include restructuring costs, transaction costs related to the terminated merger plan with Terex and proposed acquisition of Terex MHPS, unwarranted payments due to identity theft and fraudulent actions (in the third quarter of 2015), and insurance indemnity related to identity theft and fraudulent actions (in the second quarter of 2016). Konecranes’ management believes that the adjusted operating profit is relevant to understanding the comparable financial performance when comparing the result for the current period with the previous periods.

MARKET OUTLOOK

Customers are cautious about investing because economic growth has decelerated across the globe. Companies operating in emerging and commodity markets are particularly under pressure to save costs. Certain market uncertainty continues in North America. The demand situation in Europe has somewhat improved. The decline in the global container throughput has led to slower decision-making among container terminal operators.

NEW FINANCIAL GUIDANCE

Based on the order book, service contract base and near-term demand outlook, the sales in 2016 are expected to be approximately on the same level as in 2015. We expect the 2016 adjusted operating profit to improve from 2015.

PREVIOUS FINANCIAL GUIDANCE

Based on the order book, service contract base and near-term demand outlook, the sales in 2016 are expected to be higher than in 2015. We expect the 2016 adjusted operating profit to improve from 2015.