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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 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

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


2. What are Cargotec’s business areas?

Cargotec’s business areas are HiabKalmar and MacGregor. In November 2022, Cargotec announced that it had completed the strategic evaluation of MacGregor. Based on the evaluation, Cargotec’s Board of Directors has concluded that MacGregor will not be part of Cargotec’s portfolio in the future. Cargotec will focus on profitable growth of its core businesses, Hiab and Kalmar.

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.


Cargotec shares

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 2023, the Annual General Meeting convened on 23 March 2023 and approved that the dividend payment date is 4 April 2023.

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