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Cargotec as an investment

Why invest in Cargotec?

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Cargotec is a technology leader with strong market positions in all our business areas Kalmar, Hiab and MacGregor. We have leading brands in markets with long term growth potential. Several megatrends support our businesses.

Our strategy breakthrough objectives are sustainability and profitable growth. Our vision is to become the global leader in sustainable cargo flow.

Frequently asked questions

Here you can find some frequently asked questions about Cargotec as an investment. Questions are divided to categories which can be accessed from the navigation list. In case you have other questions, please contact Investor Relations team.

General information

1. What are Cargotec’s financial targets?

Cargotec’s financial targets, confirmed by the Board of Directors:

  • Grow faster than the market
  • Cargotec operating profit margin 10% in 3-5 years
  • Service and software sales 40% of net sales, minimum EUR 1.5 billion in 3-5 years
  • Increasing dividend in the range of 30-50% of EPS, dividend paid twice a year
  • 15% ROCE in 3-5 years
  • Gearing below 50%

Read more about Cargotec's financial targets and the development towards the targets here


2. Which are Cargotec’s business areas?

Cargotec’s business areas are Kalmar, Hiab and MacGregor. Kalmar offers industry shaping cargo handling equipment and automated terminal solutions, software and service; Hiab is the global market leader in on-road load handling, and MacGregor provides world-leading engineering solutions and services for offshore and marine industries.


3. What are Cargotec’s main customer segments?

All business areas serve different customer segments. You can find the main customers by business areas here


4. What is Cargotec’s geographical presence like?

Cargotec operates in more than 100 countries all over the world. In 2020, 49 percent of sales came from EMEA, 30 percent from Americas and 21 percent from APAC.


5. When was Cargotec founded?

Cargotec Corporation was formed in June 2005 when Kone Corporation demerged into two companies to be listed, Cargotec and KONE. However, the history of Cargotec did not start that year but over 100 years ago when Kalmar, one of Cargotec’s three business areas, started its operations.

Read more about Cargotec’s history.

6. How many people does Cargotec employ?

Cargotec employed around 11,500 people at the end of 2020.


7. How much of Cargotec’s net sales is allocated to R&D?

In 2020, R&D expenditure totalled around EUR 105 million, representing 3.2 percent of sales.

Corporate governance

Corporate governance

1. Who are the members of the Board of Directors?

Cargotec Corporation's Annual General Meeting was held on 23 March 2021. The number of the Board members was confirmed at nine. The current Board members Tapio Hakakari, Ilkka Herlin, Teresa Kemppi-Vasama, Johanna Lamminen, Kaisa Olkkonen, Teuvo Salminen and Heikki Soljama were re-elected to the Board of Directors. Jaakko Eskola and Casimir Lindholm were elected as new members of the Board of Directors, both of them independent of the company and its significant shareholders.

2. Who are the members of Cargotec’s Leadership Team?

The list and information about the members of the leadership team can be found in Governance section.

3. What are Board members’ annual remunerations?

Based on the decision of the AGM of 23 March 2021, the Board’s annual remunerations are as follows:

  • EUR 85,000 will be paid to the Chairman of the Board
  • EUR 60,000 to the Vice Chairman
  • EUR 60,000 to the Chairman of the Audit and Risk Management Committee
  • EUR 45,000 to the other Board members.

In addition, members are paid EUR 1,000 for attendance at board and committee meetings. 30 percent of the yearly remuneration will be paid in Cargotec's class B shares and the rest in cash and Cargotec will cover the transfer taxes related to the Board remuneration paid in shares.

4. How are Cargotec’s Executive Board members remunerated?

The principles of remuneration at Cargotec can be viewed here.

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