Why invest in Cargotec?Watch a short video
Cargotec is a technology leader with strong market positions in all business areas, Kalmar, Hiab and MacGregor. We have leading brands in markets with long term growth potential and several megatrends, such as urbanisation and growing middle class, support our businesses.
Our aim is to transform from an equipment provider into a leader in intelligent cargo handling. We will achieve this by focusing on our four strategic must-win battles: customer centricity, services, digitalisation and productivity.
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 financial targets?
Cargotec’s financial targets, confirmed by the Board of Directors:
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.
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. How are software sales calculated?
Software sales include strategic business unit Navis and automation software.
3. 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.
4. 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.
5. Who are Cargotec’s auditors?
Cargotec's statutory auditor is PricewaterhouseCoopers Oy, Authorised Public Accountants.
6. 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.
7. 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.