menu

Our businesses:

{{displayStock}}

Cargotec as an investment

Why invest in Cargotec

On 27 April 2023, Cargotec's Bopard of Directors decided to investigate and initiate a process to potentially separate its core businesses Kalmar and Hiab into two standalone companies. On 30 May 2024, Cargotec's Annual General Meeting resolved on the partial demerger of Cargotec Corporation in accordance with the demerger plan. On 30 June 2024, the completion of the partial demerger of Cargotec Corporation was registered with the Finnish Trade Register. Read more

Outlook

Outlook for 2024 specified, 23 October 2024

Cargotec estimates Hiab’s comparable operating profit margin in 2024 to be above 14.0 percent and MacGregor’s comparable operating profit in 2024 to be above EUR 65 million.

In its outlook specified on 8 August 2024, Cargotec estimated Hiab’s comparable operating profit margin in 2024 to be above 13.5 percent and MacGregor’s comparable operating profit in 2024 to be above EUR 55 million.

Outlook for 2024 specified, 8 August 2024

Cargotec estimates Hiab’s comparable operating profit margin in 2024 to be above 13.5 percent and MacGregor’s comparable operating profit in 2024 to be above EUR 55 million.

In its outlook initially published on 1 February 2024, Cargotec estimated Hiab’s comparable operating profit margin in 2024 to be above 12 percent and MacGregor’s comparable operating profit in 2024 to improve from 2023 (EUR 33 million).

Outlook for 2024 updated, 26 June 2024

Cargotec Corporation (“Cargotec”) announced on 26 June 2024 that Cargotec’s Board of Directors has decided to complete the partial demerger of Cargotec (the “Demerger”) and that the completion of the Demerger and the incorporation of Kalmar as a separate new company would be registered on 30 June 2024. Cargotec updates its outlook for 2024 to take the anticipated completion of the Demerger into account.

Updated outlook for 2024

Cargotec estimates (1 Hiab’s comparable operating profit margin in 2024 to be above 12 percent and MacGregor’s comparable operating profit in 2024 to improve from 2023 (EUR 33 million).

1) The business area 2024 profitability outlook is presented using the same principles which are applied in the 2023 external financial reporting.

Background for the updated outlook

The outlook for Hiab and MacGregor businesses, which was originally published on 1 February 2024, has not been amended. As the Demerger is expected to be completed on 30 June 2024, the Kalmar business has been removed from Cargotec’s outlook for 2024.

Outlook for 2024 unchanged, 30 April 2024

Cargotec estimates1 Hiab’s comparable operating profit margin in 2024 to be above 12 percent, Kalmar’s comparable operating profit margin in 2024 to be above 11 percent, and MacGregor’s comparable operating profit in 2024 to improve from 2023 (EUR 33 million).

1) The business area 2024 profitability outlook is presented using the same principles which are applied in the 2023 external financial reporting.

Outlook for 2024, 1 February 2024

Cargotec estimates1 Hiab’s comparable operating profit margin in 2024 to be above 12 percent, Kalmar’s comparable operating profit margin in 2024 to be above 11 percent, and MacGregor’s comparable operating profit in 2024 to improve from 2023 (EUR 33 million).

1) The business area 2024 profitability outlook is presented using the same principles which are applied in the 2023 external financial reporting.

Year 2020

Outlook for H2/20, 22 October 2020

Cargotec expects its comparable operating profit for H2/2020 to increase compared to H1/2020 (EUR 82.9 million)

Outlook for Q3/20, 15 September 2020

Cargotec updates its business development estimate published on 17 July 2020 and gives guidance for the third quarter 2020. Cargotec’s business development has continued well during July-August. Cargotec estimates orders received (Q2/2020: EUR 637 million) and comparable operating profit (Q2/2020: EUR 43.4 million) to increase compared to the second quarter 2020.

Outlook for H2/20, 17 July 2020

Visibility towards the end of the year is still weak. In the current exceptional situation Cargotec
estimates that it is not able to give guidance for the year 2020. During the second half of the year,
Cargotec estimates its business and operating environment to develop as follows:

  • The recovery of market activity continues
  • The delivery capability of Cargotec and its supply chain continues to improve
  • Productivity improvements support profitability in the future as well

Outlook for 2020, 23 April 2020

On 27 March 2020, Cargotec updated its outlook for 2020 due to the coronavirus pandemic and related political decisions and administrative restrictions. In the current exceptional situation Cargotec estimated that it is not able to give a guidance for the year 2020. Cargotec publishes a new guidance at a later date.

Previous guidance (given on 6 February 2020): Cargotec expects its comparable operating profit for 2020 to improve from 2019 (EUR 264 million).

In the second quarter, there are significant challenges in relation to deliveries and demand. Cargotec estimates a significant decline in orders, sales, comparable operating profit and cash flow in the second quarter compared to the second quarter of 2019. During the first weeks of April 2020, Cargotec’s orders received have significantly decreased from the comparison period. Due to the challenging operating environment, visibility towards the end of the year is currently weak.

27 March 2020: Cargotec lowers its 2020 financial outlook and withdraws its guidance for 2020, gives a new guidance later

Cargotec updates its outlook for 2020 due to the coronavirus pandemic and related political decisions and administrative restrictions. In the current exceptional situation Cargotec estimates that it is not able to give a guidance for the year 2020.

Restrictions set by the authorities related to the coronavirus pandemic, as well as the increasing uncertainty, have slowed the decision making among customers and negatively affected Cargotec’s orders and delivery schedules. There are risks associated with the timing of the current order book deliveries, and the visibility is weak.

Cargotec has initiated measures to adjust its cost structure. The measures include the objective of shifting the management and office workers to a four-day working week with a corresponding reduction in salaries, subject to local legislation; a reduction of external services, as well as minimising travel. Cost structure adjustments will continue as the situation requires.

Cargotec publishes a new guidance at a later date.

Outlook for 2020, 6 February 2020

Cargotec expects its comparable operating profit for 2020 to improve from 2019 (EUR 264 million).

What do you think of the site?