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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.
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.
1. What are Cargotec’s performance targets?
Cargotec announced its re-focused strategy on 30 March 2022. Cargotec's Board of Directors has on 15 November 2022 set the performance targets for Cargotec's core businesses:
Eco portfolio sales: double the growth compared to traditional products
Reduce CO2 emissions in Cargotec’s value chain1 by 25% by 2025 and by 50% by 2030
Sales growth faster than market2
Comparable operating profit 12% by 2025 and 15% by 2030
1) Scopes 1, 2 & 3, compared to 2019
2) global GDP, IMF World Economic Outlook, current prices
Cargotec also aims for a growing dividend 30–50% of EPS and to keep gearing below 50%.
Core businesses = Hiab and Kalmar
Find more about the targets here.
2. What are Cargotec’s business areas?
Cargotec’s business areas are Hiab, Kalmar and MacGregor.
In April 2023, Cargotec announced that its Board of Directors has initiated an investigation to potentially separate Cargotec’s core businesses Kalmar and Hiab into two standalone companies. On 1 February 2024, Cargotec’s Board of Directors approved a demerger plan concerning the separation of Kalmar into a new listed company. The planned completion date of the demerger is 30 June 2024. More information about the demerger.
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 around the world. In 2023, 45 percent of sales came from EMEA, 38 percent from Americas and 17 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 11,400 people at the end of 2023.
7. How much of Cargotec’s net sales is allocated to R&D?
In 2023, R&D expenditure totalled around EUR 98 million, representing 2.1 percent of sales.
1. When does Cargotec publish its financial results?
The publication date varies from year to year. Please refer to our IR calendar to find publication dates.
2. What is the basis of preparation of Cargotec’s financial statements?
Cargotec Corporation’s consolidated financial statements are prepared according to the International Financial Reporting Standards (IFRS) as adopted by the European Union.
3. What is Cargotec’s reporting currency?
The consolidated financial statements are presented in euros, which is the functional and reporting currency of the parent company.
4. Who are Cargotec’s auditors?
Cargotec's statutory auditor is Ernst & Young Oy.
5. Why does Cargotec use alternative performance measures (APM)?
Cargotec uses and presents alternative performance measures (APMs) to better convey underlying business performance and to enhance comparability from period to period. APMs are reported as complementary information.
Read more about APMs in section calculation of key figures.
6. What is included in restructuring costs?
Restructuring costs include restructuring provisions, asset impairments and disposals, expenses for vacant premises and other restructuring-related expenses in case of a significant restructuring programme of Cargotec or its business area.
