Dusseldorf-based Demag Cranes AG continued its positive trend of the first quarter also in its second quarter (1 January to 31 March)

of financial year 2007/2008. Thanks to an ongoing strong order situation, financial figures were up significantly across the board in a year-on-year comparison.
Demag Cranes AG CEO, Harald J. Joos emphasises: "Business has developed extremely satisfactorily in the second quarter. In particular, the significant improvement in the earnings situation underlines that the measures we initiated to increase efficiency and reduce costs are taking effect."

Order situation continues to be very positive
In the second quarter of financial year 2007/2008, order intake and the order book also developed very
well. Compared to the prior year's figure, order intake grew exclusively in organic terms by 9.9 percent
to EUR 353.0 million. The main driving forces behind this development were the Industrial Cranes and
Port Technology segments. On the balance sheet date (as at 31 March 2008), the order book was up
by 22.2 percent to EUR 492.2 million. At the end of the first six months, the Group recorded an increase
in the order intake volume of 8.8 percent to EUR 648.0 million.
At segment level, the Industrial Cranes segment profited from ongoing keen demand for products. At
EUR 197.4 million, order intake went up significantly by 14.9 percent over the previous year. In a yearon-
year of the first six months, this figure rose by 13.6 percent to EUR 343.6 million. In particular, the
Standard and Process Cranes product lines contributed to this very positive performance. At
EUR 312.6 million, the order book was 32.4 percent higher than the prior year's figure on the same
date. Order intake in the Port Technology segment grew in a quarterly year-on-year comparison by
9.1 percent to EUR 71.0 million. In a year-on-year of the first six months, order intake increased by
2.4 percent. As the mainstay of this segment is based almost exclusively on project business with a
relatively low number of units, segment order intake is subject to fluctuations during the year. At
EUR 127.9 million, the order book was 12.5 percent higher compared to the prior year's figure. In the
Services segment, order intake rose slightly to EUR 84.7 million compared to the same quarter of the prior year. In a year-on-year comparison for the first six months, this figure was up 5.1 percent to
EUR 167.3 million. The order book remained at the same level of the prior year's balance sheet date.

Group revenue continues to grow dynamically
Group revenue rose in a quarterly year-on-year comparison by 10.4 percent to EUR 281.6 million.
Compared with the first half of financial year 2006/2007, this figure went up by 15.1 percent. All three
segments contributed to this very positive performance. Growth in the Industrial Cranes segment was
maintained in the second quarter. At EUR 132.5 million, segment revenue was up by 13.1 percent over
the previous year. In a year-on-year comparison of the first six months, revenue was even boosted by
20.0 percent to EUR 274.3 million. Indeed, all product lines underwent considerable growth. The Port
Technology segment recorded an increase in revenue of 9.4 percent to EUR 70.5 million. The main
driver for this performance was the high demand for Mobile Harbour Cranes. Revenue in the Services
segment grew by 7.1 percent to EUR 78.6 million compared to the prior year's quarter. Weighed against
the first half of financial year 2006/2007, revenue rose by 12.1 percent. The main driving factors were
spare parts business and refurbishment services.

Adjusted Group EBIT boosted significantly
The Demag Cranes Group continued its very satisfactory earnings performance in the second quarter
of financial year 2007/2008. Adjusted Group EBIT rose notably by 47.7 percent to EUR 34.1 million
compared to the prior year's figure. In a year-on-year comparison of the first six months, adjusted
Group EBIT was up 45.5 percent to EUR 64.0 million. Industrial Cranes and Services mainly
contributed to this excellent development.
The Industrial Cranes segment recorded a surge in earnings. The adjusted EBIT of EUR 13.2 million
was a remarkable 141.5 percent higher than in the same period of the previous year. In a year-on-year
of the first six months, adjusted EBIT was EUR 22.7 million, corresponding to growth of 117.0 percent.
This highly positive performance is attributable to the year-on-year increase in revenue for all product
lines and the improvement in efficiency. In the Port Technology segment, adjusted EBIT grew by
35.3 percent to EUR 4.4 million. In a year-on-year comparison of the first six months, adjusted EBIT
was up 20.7 percent to EUR 7.3 million, accounting for the anticipated improvement of the earnings
situation. This improvement is due to the scheduled reduction in manufacturing costs for the Generation
5 Mobile Harbour Cranes. In the Services segment, adjusted EBIT rose by 23.3 percent to
EUR 18.9 million in a quarterly year-on-year comparison. This growth was driven, in particular, by spare
parts business. At EUR 37.9 million, adjusted EBIT was 32.3 percent higher in a year-on-year sixmonth
comparison over the previous year.

Year-end forecast increased
Demag Cranes AG has increased its forecast and now anticipates Group revenue of up to around
EUR 1.2 billion (previously EUR 1.13 to EUR 1.16 billion) and adjusted EBIT to be up to around
EUR 125 million (previously: some EUR 110 million) at year end. The Management Board anticipates
that business will continue to develop positively in the remaining quarters of financial year 2007/2008.
Chairman of the Management Board, Joos underlines: "There is an on-going high demand for our products and services. Thanks to this satisfactory order situation, we are well-equipped for the
remainder of the financial year."