Fletcher Oklahoma

On ahalf-yearly basis, order intake decreased by 28.7 percent The order book cameto EUR 291.1 million as at 31 March 2009. In the Port Technology segment, as the economic environment for internationalports remains as negative or has even worsened further still, port and terminaloperators continue to postpone capital spending The effect on large-scaleprojects is particularly severe. As a result, order intake was down by 51.9percent in the second quarter and by 45.6 percent in the first half of financialyear 2008/2009, order intake dropping by 32.7 percent to EUR 86.1 million. In the Services segment, the order book dipped slightly on a half year basisfrom EUR 167.3 million to EUR 161.9 million. In the second quarter of financialyear 2008/2009, orders worth EUR 71.5 million were secured.

The order book stoodat EUR 53.1 million at 31 March 2009, approximately three percent up on a yearearlier. Half-Year Group Revenue Remains Stable - Slight Year-on-Year Decline in SecondQuarterWith revenue of EUR 571.2 million in the first six months of financial year2008/2009, the Demag Cranes Group held first-half revenue on a par with theprevious year despite a considerably more challenging operating environment.This outcome was driven by the Industrial Cranes segment. The second-quarterrevenue figure was 4.8 percent down on financial year 2007/2008, however,dropping from EUR 281.6 million to EUR 268.2 million. In the first six months of financial year 2008/2009, the Industrial Cranessegment generated revenue amounting to EUR 301.0 million, which represents anincrease of 9.7 percent. This growth was driven mainly by the Process Cranes andStandard Cranes product lines. Compared with the second quarter of 2007/2008,revenue was boosted by 11.4 percent to EUR 147.5 million.

Half-year revenue inthe Port Technology segment amounted to EUR 110.8 million, 19.4 percent weakerthan in the comparative period of the previous year. The negative revenue trendthat was already visible in and reported for the first quarter continued throughthe second quarter of financial year 2008/2009 with a drop of 33.9 percent.Revenue in the Services segment remained on a par with the first half of theprevious year at EUR 159.3 million in the first six months of financial year2008/2009. Revenue of EUR 74.1 million was generated in this segment in thesecond quarter of financial year 2008/2009. Group Operating EBIT Shrinks in the Second Quarter by 43.3 Percent,in the First Half Year by 22.2 PercentThe Demag Cranes Group generated an operating EBIT of EUR 49.8 million in thefirst half of financial year 2008/2009. The 22.2 percent decrease on theprevious year is largely accounted for by the significantly weaker secondquarter when operating EBIT amounted to EUR 19.4 million. Turning to the segment figures, operating EBIT in the Industrial Cranes segmentat EUR 22.7 million for the first six months remained constant compared with thesame period of financial year 2007/2008.