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.
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?
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
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 is the global leader in sustainable cargo handling for ports, terminals, distribution centres and heavy industry. Hiab is the leading provider of smart and sustainable on-road load handling solutions with customers operating in logistics, construction and a variety of industries. MacGregor is the leader in sustainable maritime cargo and load handling with a strong portfolio of products, services and solutions.
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 2022, 50 percent of sales came from EMEA, 36 percent from Americas and 14 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 2022.
7. How much of Cargotec’s net sales is allocated to R&D?
In 2022, R&D expenditure totalled around EUR 100 million, representing 2.4 percent of sales.
1. Where are Cargotec’s shares listed?
Cargotec’s class B share is listed on the Nasdaq Helsinki stock exchange.
2. How many share series does Cargotec have?
Cargotec has two share series, out of which B share is listed.
3. How many outstanding shares does Cargotec have?
The number of B shares is 55,182,079 and the number of unlisted A shares is 9,526,089.
4. Who are Cargotec’s largest shareholders?
The list of Cargotec’s largest shareholders is updated every month and can be found under the shareholders section.
Cargotec’s three major shareholders are Wipunen varainhallinta Oy controlled by Ilkka Herlin, Mariatorp Oy controlled by Heikki Herlin and Pivosto Oy, a company controlled by Ilona Herlin. Together these shareholders hold approximately 37% of total shares and 69% of the votes.
5. What is the current share price?
Information about our current and past share prices can be found on shares section.
6. What is Cargotec’s dividend policy?
Cargotec’s target for the dividend: increasing dividend in the range of 30-50% of EPS, dividend paid twice a year.
You can find more information about dividend and dividend policy in shares section.
7. When is the dividend paid out?
For 2022, the dividend payment date is 28 March 2022.