Cargotec cuts 2012 profit outlook

HELSINKI Mon Oct 15, 2012 2:46am EDT

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HELSINKI Oct 15 (Reuters) - Finnish cargo handling equipment maker Cargotec cut its full-year profit margin guidance, citing higher costs and weaker profitability at its terminals business.

Cargotec said the operating profit margin for 2012 was expected to be around 5 percent, while in July it had forecast the margin to be approximately 6 percent.

It also said that according to preliminary information, operating profit margin was 4.9 percent in the third quarter on the sales of 794 million euros ($1.03 billion). ($1 = 0.7712 euros) (Reporting by Terhi Kinnunen; Editing by Louise Heavens)

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