Cargotec to Book EUR 18 Million One-Off Cost in Fourth Quarter due to Inspection and Repair Program of Container Spreaders

Cargotec has discovered deficiencies related to welding in its Bromma container spreaders resulting in a need for a global inspection program and possible preventive repair in certain types of spreaders. The total number of spreaders that will be inspected is some 1,730 units. A one-off cost reserve of EUR 18 million will be booked in Cargotec’s fourth quarter operating profit to cover the cost of required actions.