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Cargotec as an investment

Why invest in Cargotec

Cargotec has refocused its strategy for higher financial performance. Cargotec will focus on  sustainability and growth in profitable core businesses Hiab, Kalmar Mobile Solutions and Kalmar’s horizontal transportation business. Read more.

We are a technology leader with strong market positions in all our business areas. Several megatrends support our businesses, ensuring our future growth potential. Our strategy breakthrough objectives are sustainability and profitable growth.

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 2021, 50 percent of sales came from EMEA, 31 percent from Americas and 19 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 11,000 people at the end of 2021.


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

In 2021, R&D expenditure totalled around EUR 102 million, representing 3.1 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 17 March 2022. The number of the Board members was confirmed at eight. The current Board members Jaakko Eskola, Ilkka Herlin, Teresa Kemppi-Vasama, Johanna Lamminen, Casimir Lindholm, Kaisa Olkkonen, Teuvo Salminen and Heikki Soljama were re-elected to the Board of Directors.

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 17 March 2022, the Board’s annual remuneration is as follows:

  • EUR 95,000 will be paid to the Chair of the Board,
  • EUR 70,000 to the Vice Chair,
  • EUR 70,000 to the Chair of the Audit and Risk Management Committee, and
  • EUR 55,000 to the other Board members. 

In addition, members are to be paid EUR 1,000 for attendance at board and committee meetings.  The yearly remuneration will be paid quarterly in cash.

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

The principles of remuneration at Cargotec can be viewed here.

Information about the 2022 AGM can be found here.

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