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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.

Outlook

Outlook

Outlook for 2023 unchanged, 27 April 2023

Cargotec estimates its core businesses’(1) 2023 comparable operating profit
to improve from 2022 (EUR 384 million(2)) and MacGregor’s comparable operating profit in 2023 to be positive (EUR -47(2) million).(3)

  1. Core businesses = Hiab + Kalmar excluding heavy port cranes and including all group costs
  2. Cargotec changed the definition of the alternative performance measure comparable operating profit starting from 1 January 2023. The restated comparable operating profit will also include the impacts of the purchase price allocation, which amounted to EUR 4 million in the core business and EUR 12 million in MacGregor in 2022. Comparison figure has been calculated based on the new definition. Restatement for 2022 figures will be published before Q1/23 result announcement. 
  3. Cargotec’s outlook for 2023 does not include the comparable operating profit of Kalmar heavy cranes business which will be discontinued

Outlook for 2023, 2 February 2023

Cargotec estimates its core businesses’(1) 2023 comparable operating profit
to improve from 2022 (EUR 384 million(2)) and MacGregor’s comparable operating profit in 2023 to be positive (EUR -47(2) million).(3)

  1. Core businesses = Hiab + Kalmar excluding heavy port cranes and including all group costs
  2. Cargotec changed the definition of the alternative performance measure comparable operating profit starting from 1 January 2023. The restated comparable operating profit will also include the impacts of the purchase price allocation, which amounted to EUR 4 million in the core business and EUR 12 million in MacGregor in 2022. Comparison figure has been calculated based on the new definition. Restatement for 2022 figures will be published before Q1/23 result announcement. 
  3. Cargotec’s outlook for 2023 does not include the comparable operating profit of Kalmar heavy cranes business which will be discontinued

Outlook Q3 2013, 24 October 2013 (published on 15 October 2013)

The sales and operating profit excluding restructuring costs for 2013 are expected to fall short of 2012.

 

Outlook, 15 October 2013

Cargotec reduces its full-year 2013 guidance given in July. Due to continued slippage in merchant ship deliveries, MacGregor's sales and operating profit for the second half of 2013 will be lower than expected. However, the underlying merchant marine market has continued to improve and the offshore market has remained active. In Kalmar, overall development in the third quarter has been positive, but there were further cost overruns in certain ship-to-shore crane projects.The sales and operating profit excluding restructuring costs for 2013 are expected to fall short of 2012. Earlier guidance was for sales to be slightly below 2012 and operating profit excluding restructuring costs to be at or slightly below 2012 level.

 

Outlook Q2 2013, 18 July 2013

Certain deliveries for MacGregor will be delayed and customers are postponing services. MacGregor's 2013 operating profit margin is expected to be slighty below 10 percent, as 2013 sales are falling short of the previously expected approximately EUR 850 million and now are expected to total closer to EUR 800 million. Cargotec's sales are expected to be slightly below 2012 and operating profit excluding restructuring costs to be at or slighty below 2012 level.This outlook is excluding the Hatlapa acquisition announced in July.

 

Outlook Q1 2013, April 2013

Cargotec’s sales are expected to be slightly below 2012 and operating profit excluding restructuring costs to be at 2012 level. Positive impact of efficiency improvement measures implemented will be weighted on the second half of the year.

 

Outlook Q4 2012, February 2013

Cargotec's sales are expected to be slightly below 2012 and operating profit excluding restructuring costs to be at 2012 level. Positive impact of efficiency improvement measures implemented will be weighted on the second half of the year

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