Our businesses:


Annual report 2020

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CEO review

In 2020, our long term strategy proved to be more valid than ever before. The COVID-19 pandemic affected our business especially during the first two quarters, but we acted decisively, securing our profitability whilst making good progress in our strategy execution.


Cargotec has committed to the United Nations Global Compact’s Business Ambition for 1.5°C and set ambitious science-based greenhouse gas emission reduction targets to address the impacts of both its own operations and the value chain. The consequences of climate change are not only environmental, but there are also significant financial and social impacts. To ensure financial stability and global wellbeing also for the future generations, it is our obligation to act on climate now.

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Key figures

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With our strategy for the period 2019–2021, we continue our work to reach our vision of becoming the leader in intelligent cargo handling. We aim to secure profitable growth by focusing on four must-win battles.

Business areas

Our business areas Kalmar, Hiab and MacGregor are recognised leaders in cargo and load handling solutions around the world. Their global network is positioned close to customers, offering extensive services to ensure continuous, reliable and sustainable performance according to customer needs.



During 2020, sustainability has become a higher priority than ever before. Cargotec’s sustainability work is based on a holistic and balanced approach, combining the social, environmental and economic objectives.

Read more about 2020 at Cargotec

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