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Cargotec as an investment

Why invest in Cargotec?

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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.

Outlook

Outlook for 2020, 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).

Outlook Q3 2010, 27 October 2010

Guidance published 18 October 2010 reiterated: Cargotec continues to estimate 2010 sales to be on 2009 level for both Industrial & Terminal and Marine segments. Operating profit for 2010 is expected to be in the range of EUR 120-130 million including one-time restructuring costs.The recovery in the market environment and the resulting growth in order volumes support growth in Industrial. The sales of Terminal are expected to fall short of 2009 levels due to the slower recovery of these markets, as second half orders will not have an effect on full-year sales due to delivery times. Based on the healthy nine-month development, strong order book and new orders received still to be delivered during 2010, sales in Marine will reach year 2009 level.

 

Outlook 18 October 2010

Based on the operational performance in the third quarter and particularly in September, Cargotec’s visibility on the timing and profitability of deliveries during the remainder of the year has increased. As a result Cargotec specifies upwards its operating profit guidance. Operating profit for 2010 is estimated to be in the range of EUR 120–130 million. Earlier operating profit was estimated to exceed EUR 100 million. Both the previous and now specified operating profit guidance includes one-time restructuring costs.Cargotec repeats its sales guidance published in July. Cargotec’s 2010 sales are estimated to be on 2009 level for both Industrial & Terminal and Marine reporting segments.

 

Outlook Q2 2010, 21 July 2010

Cargotec continues to estimate 2010 consolidated sales to be on 2009 level for both Industrial & Terminal and Marine segments and consolidated operating profit to exceed EUR 100 million. The recovery in the market environment and the resulting growth in order volumes support growth in Industrial. The sales of Terminal are expected to fall short of 2009 levels due to the slower recovery of these markets, as second half orders will have a minor effect on full-year sales due to delivery times. Based on the healthy first half development, strong order book and new orders received still to be delivered during 2010, sales in Marine will reach year 2009 level.

 

Outlook Q1 2010, 29 April 2010

There are tentative positive signs visible in the order intake for the Industrial business whereas uncertainty continues in the Terminal business. Based on the strong order book, sales in the Marine business are expected to remain on a healthy level in 2010. Cargotec’s 2010 sales are estimated to be on 2009 level and operating profit to exceed EUR 100 million.

 

Outlook Q4 2009, 3 February 2010

There are tentative positive signs visible in the order intake for industrial business. Uncertainty continues in port terminal business. Based on the strong order book, sales in marine cargo handling business are expected to remain on a healthy level in 2010. Cargotec's 2010 sales are estimated to be on 2009 level and operating profit to exceed EUR 100 million. It is estimated that still a few million euro in restructuring costs from currently ongoing restructuring measures will be booked during early-2010.

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