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Why invest in Cargotec
In April 2023 Cargotec's Board of Directors decided to investigate and initiate a process to potentially separate its core businesses Kalmar and Hiab into two standalone companies. Cargotec’s intention would be to separate Kalmar as a new listed company by means of a partial demerger from Cargotec. In February 2024, Cargotec's Board approved a demerger plan concerning the separation of Kalmar into a new listed company. More information.
Due to the proposed demerger, as of the first quarter of 2024, Kalmar business area is reported as discontinued operations in Cargotec’s financial reporting. Hence, the combined financial targets set in November 2022 for Kalmar and Hiab are no longer valid. We plan to publish new long term performance targets for Hiab and Kalmar in May 2024.
Cargotec’s climate target to reduce greenhouse gas emissions in all three emission scopes by at least 50 percent by 2030 compared to a 2019 baseline remains valid. The target is validated by the Science Based Targets initiative.
Cargotec also aims for a growing dividend 30–50% of EPS and to keep gearing below 50%.
For more information about Kalmar reporting as discontinued business, please refer to the 8 April 2024 release, and Note 17, Discontinued operations in the Q1 2024 report.
