Cargotec tops STOXX on 'amazing profitability'
** Shares in Finnish engineering group Cargotec CGCBV.HE surge 13% to top of STOXX 600 .STOXX index after earnings beat, strong orders
** "An amazing profitability," Handelsbanken says pointing toadjusted EBIT being 47% ahead of Vara Research consensus, and EBIT margin of 13% compared to consensus of 9.4%
** For orders, "all divisions were stronger than expected" Handelsbanken notes, with the biggest deviation at MacGregor, which was up 29%
** Cargotec reported orders of EUR 653 million from continuing operations and EUR 402 million from discontinued operations versus total EUR 962.9 million seen in Vara consensus
** The Cargotec stock is up 36% year-to-date, and on track for its best day since Oct 2022
Reporting by Tilla Sjaavaag
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