DJ euro adhoc: other / Demag Cranes - Unexpectedly High Order Intake in Port Technology Segment
=-------------------------------------------------------------------------------
Disclosure announcement transmitted by euro
adhoc. The issuer is responsible
for the content of this announcement.
=-------------------------------------------------------------------------------
08.08.2007
Demag Cranes - Unexpectedly High
Order Intake in Port Technology Segment
Monthly Segment
Order Intake of EUR 50 Million Significantly Above Average
Dusseldorf, 8 August 2007. Demag Cranes
AG has extraordinarily generated an
unexpectedly high monthly order intake in the Port Technology segment, totalling
some EUR 50 million. Orders were received for mobile harbour cranes of all
generations and models. Average order intake in the Port Technology segment is
usually some EUR 25 million per month.
About Demag Cranes:
Demag Cranes
AG is one of the world´s leading providers of industrial cranes,
crane components, harbour cranes and port automation technology. Services, in
particular maintenance and refurbishment services, are another key element of
the Group´s business activities. The Group is divided up into the three segments
Industrial Cranes, Port Technology and Services and has the strong and
established "Demag" and "Gottwald" brands. Demag Cranes sees its core expertise
in the development and design of technologically advanced cranes and hoists, as
well as automated transport and logistics systems in ports, the provision of
services for these products and the manufacture of high-quality components.
As a global supplier, 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 joint
ventures. In financial year 2005/2006, 5,680 employees generated sales of some
EUR 987 million. Since the end of June 2006, the Demag Cranes share (WKN:
DCAG01) has been listed in the Prime Standard of the German Stock Exchange and
is included in the SDAX share index.
end of announcement euro
adhoc 08.08.2007 19:24:02
=-------------------------------------------------------------------------------
(MORE TO FOLLOW) Dow Jones Newswires
August 08, 2007 13:59 ET (17:59 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
