Demag Cranes AG reported earnings results for the quarter ended December 31, 2012. For the quarter, the company reported revenues of €227.140 million, EBIT of €59.869 million, EBT of €57.703 million, net income after tax attributable to shareholders of the company of €57.396 million or €2.71 per share compared to the revenues of €1,123.267 million, EBIT of €130.256 million, EBT of €116.966 million, net income after tax attributable to shareholders of the company of €84.506 million or €4.00 per share for the previous year. Cash flows used in operating activities was €1.449 million compared to the cash flows from operating activities of €40.714 million for the previous year. Purchase of intangible assets and property, plant and equipment was €8.091 million compared to the €22.272 million for the previous year.

Demag Cranes AG announced that Mr. Steve Filipov will assume the position of Chief Operating Officer of Demag Cranes AG as the Terex Corporation continue the transition of this business into the Terex family. Mr. Filipov will retain overall Terex responsibility for the Russian market as well as Corporate Marketing. Mr. Filipov joined Terex in 1995 and has held positions of increasing responsibility, including President of Terex Cranes from 2004-2008. Aloysius Rauen will continue in his current role as CEO of company and has announced his intention to resign during the course of 2013 once the integration of the Demag Cranes business into the Terex group is further along. Upon Mr. Rauen's resignation, Mr. Filipov will assume the role of CEO of the company.

Demag Cranes AG reported consolidated earnings results for the year ended September 30, 2012. For the year, the company reported revenue of €48,335,569.67 compared to €50,255,096.91, profit from ordinary activities of €33,386,572.18 compared to €41,393,371.69 and net income of €70,291,247.82 compared to €71,138,167.54 for the last year.