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Cargotec as an investment

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 growing our service business, embracing the possibilities of digitalisation and by building world-class leadership.

Technology leader and strong market positions, leading brands in markets with long term growth potential

 

In the port: Kalmar

End markets: Ports, terminals, distribution centers

Market position: 1st / 2nd

Key drivers and supporting megatrends:

  • Global trade growth driven by globalisation and growing middle class
  • Container throughput growth, larger ships require investments in ports, ports need to increase efficiency via automation, increasing importance for safety

Competitive advantage:

  • ​Recognized premium brand
  • Leading market position in software
  • Full automation solution offering (equipment, software and automation, service)
  • Asset light business model

On the road: Hiab

End markets: Construction, distribution, forestry, defence, waste and recycling

Market position: 1st / 2nd

Key drivers and supporting megatrends:

  • Construction growth via population growth and urbanisation
  • Changing distribution patters and models
  • Increasing penetration in developing countries

Competitive advantage:

  • One of the two global players with scale
  • Diversified product range
  • Asset light model, efficient assembly operation

At the sea: MacGregor

End markets: Maritime transportation and offshore industries

Market position: 1st / 2nd

Key drivers and supporting megatrends:

  • Global trade growth driven by globalisation and growing middle class, oil price

Competitive advantage:

  • Asset-light model
  • Technology leader
  • Closeness to customers (shipyards and shipowners) globally
  • Industry competence

Transforming from equipment provider into the leader in intelligent cargo handling


2013 Product leadership

Good equipment company

→ Product R&D drives offering development and higher gross profit

 

 


2018 Service leadership

World-class service offering

→ Connected equipment and data analytics building value on data

→ Significant software business


2020 Leader in intelligent cargo handling

40% of the sales from services and software

→ More efficient and optimised cargo handling solutions

Must-wins

World class service offering Lead digitalisation Build world-class leadership

Growing services business and asset light business model are decreasing the impact of cyclicality

Asset light business model with a flexible cost structure

  • Kalmar and Hiab: efficient assembly operation
  • MacGregor: efficient project management and engineering office: >90% of manufacturing and 30% of design and engineering capacity outsourced
  • No in-house component manufacturing


Leading product portfolio creates solid platform for services development

  • Growing services will bring stability, better profitability and decrease cyclicality


Large installed base – attractive potential

Actions to increase capture rates of spare parts:

  • Improve sales process
  • Digitalization efforts and connectivity: online services and e-commerce solutions
  • Distribution centers improving availability

Capitalizing global opportunities for future automation and software growth Digitalisation supports service and software growth and vice versa

Industry trends support growth in port automation:

  • Ships are becoming bigger and the peak loads have become an issue
  • Safety in the terminal yard has become even more of a focus for operators
  • Customers require decreasing energy usage and zero emission ports
  • Optimum efficiency, space utilization and reduction of costs are increasingly important
  • Shortage and cost of trained and skilled labour pushes terminals to automation

Automation-cargotec

Significant possibility in port software:

  • Container value chain is very inefficient: total value of waste and inefficiency estimated at ~EUR 17bn
  • Container shipping industry has an annual IT software spend of approx. EUR 1.7 billion. The market is expected to grow to EUR 2.8 billion by 2020
  • 50% of port software market is in-house, in long term internal solutions not competitive
  • Navis has leading position in port ERP
  • 500 software engineers

On track for profitability improvement and to reach financial targets

Growth

Target to grow faster than market

  • Megatrends and strong market position supporting organic growth
  • M&A potential

 

Balance sheet and dividend

Target gearing < 50% and dividend 30-50% of EPS

  • Strong cash flow
  • Gearing below target, enables solid dividend payout


Profitability

Target 10% EBIT for each business area and 15% ROCE on Group level over the cycle

Cost savings actions

 

  • 2017 EUR 25 million (MacGregor)
  • 2017 Interschalt EUR 2 million
  • 2018 EUR 13 million (Lidhult assembly transfer in Kalmar)
  • 2020 EUR 50 million (indirect purchasing and new Business Services operations)

Product re-design and improved project management

Higher operating profit is the key driver for higher ROCE.

Operating environment

Demand for Cargotec's products and services is based on world trade and cargo handling needs in land and sea transportation. Our primary market drivers include:

  • world trade development and global gross domestic product (GDP)
  • world seaborne trade and ship building
  • global offshore exploration and production spending
  • container traffic and investments in ports and terminals, and
  • construction industry activity and truck registrations in Europe.


Well diversified geographical sales mix in 2016

Global GDP and container throughput development

Container throughput

Sources: Drewry Q1 2017
Drewry Q3 2016 (2018-2020)
IMF World Economic Outlook Database, April 2017

 

Construction output

Source: Oxford Economics: Industry output forecast  10/2016

Merchant shipping and offshore markets

Long term contracting 2012-2016
Merchant ships > 2000 gt (excluding offshore and misc)

Long-term contracting 2014-2023
Mobile offshore units

 

Source: Clarkson, March 2017

Customers

Cargotec is determined to grow its business through strong customer focus. We offer products, integrated solutions and services designed to meet customers’ specific needs. Our customers include leading global and local players within their industries.


Main customers by business areas

Kalmar

Kalmar image

Ports
Terminals
Distribution centres

Hiab

Hiab image

Transportation companies
Fleet operators
Single truck owners
Rental companies
Truck manufacturers
Municipalities and governments
Defence forces

MacGregor

MacGregor image

Ship owners
Ship and terminal operators
Design offices and ship yards in offshore and merchant sector
Ports and navies

Competitors

​Cargotec is a leading player in all of its business areas. In this section you can find the main competitors of Cargotec.

Global main competitors

ZPMC
Konecranes
Terex
Liebherr
ABB
SANY

Palfinger

TTS
Rolls-Royce
NOV

Other competitors  

Fassi
HMF
Hyva
Terberg

Navalimpianti Group
Mitsubishi
Huisman
German Lashing
SMS
SEC Bremen
IHI Corporation
Liebherr

  Kalmar Hiab MacGregor

Announced orders

By choosing the year from left the can find announced orders published as stock exchange or press releases, excluding smaller order releases. You can access the original release via the link in the first column.

 
Updated 15 November 2017. All releases can be found in here.

 

2017

Date (and 
booking 
quarter)
​​Business 
unit
​Description​Country​Value
13 Nov (Q4/17) Kalmar Ten Kalmar Rough Terrain Container Handlers (RTCH) North America Approximately EUR 10 million
8 Nov (Q4/17) Kalmar Xvela collaborative stowage solution   Not disclosed
2 Nov (Q4/17) Kalmar Siwertell ST 490-M ship unloader Norway Not disclosed
4 Oct (Q3/17) Kalmar Four Kalmar SmartPower Rubber-Tyred Gantry (RTG) Cranes Thailand Not disclosed
12 Sep 
(Q3/17)
MacGregor Three linkspan facilities France Around EUR 25 million
7 Sep
(Q3/17)
MacGregor Hatch cover and crane contracts for five Chinese bulk carriers China Not disclosed
23 Aug
(Q1/17)
Kalmar 7 reachstackers, 11 loaded and 20 empty container handlers Australia Not disclosed
​20 Jul 
(Q2/17)
​MacGregor ​On-vessel equipment, product fabrication, engineering and project management for a complete mooring and riser system ​   ​Not disclosed
​5 Jul 
(Q2/17)
​MacGregor Oceanographic winches and Triplex deck 
handling systems
​Germany ​Not disclosed
​3 Jul
(Q2/17)
​Hiab ​600 HIAB loader cranes ​India ​Not disclosed
22 Jun 
(Q2/17)​
Kalmar ​Six Kalmar Rubber Tyred Gantry (RTG) cranes ​USA Not disclosed
13 Jun
(Q2/17)​
​Kalmar ​Sixteen hybrid shuttle carriers ​USA ​Approximately 
EUR 13 million
20 Apr (Q1/17) ​Kalmar Kalmar ship-to-shore (STS) cranes ​Netherlands ​​Not disclosed
​29 Mar
(Q1/17)
​Hiab ​69 MULTILIFT hooklifts and 7 HIAB X188 cranes ​Finland ​Around 2.5 million
13 Mar
(Q1/17)​
​Kalmar ​11 diesel electric straddle carriers ​​Not disclosed
17 Feb
(Q4/16)​
​Kalmar ​30 Kalmar Hybrid Shuttle Carriers Morocco​ ​​Not disclosed
9 Feb
(Q1-2/17)​
​Kalmar ​708 terminal tractors ​Americas ​70 million
20 Jan
(Q4/16)​
​Kalmar ​13 container handlers ​United Arab Emirates ​​Not disclosed

2016

​Date (and booking quarter)​​Business unit​Description​Country​Value
22 Dec (Q4/16) ​Kalmar ​Seven RTG cranes ​Algeria ​Approximately 10 million
​15 Dec (Q3/16) ​Kalmar ​93 terminal tractors ​Malaysia ​5 million
​14 Dec ​MacGregor ​Maintenance agreement of 39 ferries ​Sweden ​​Not disclosed
​14 Nov (Q3/16) ​Kalmar ​23 straddle carriers ​South Africa ​Not disclosed
​13 Oct (Q3/16) ​MacGregor ​Deck machinery ​China ​​Not disclosed
​5 Oct (Q3/16) ​Kalmar ​34 Kalmar Gloria reachstackers ​Europe
​Not disclosed
​13 Sep ​Kalmar ​12 empty container handlers USA
​Not disclosed
​25 Aug (Q1/16) ​Kalmar ​25 forklift trucks ​Algeria
​Not disclosed
​18 Aug ​Kalmar Four diesel-electric straddle carriers, ten heavy-duty terminal tractors for RoRo handling, four light forklift trucks and two heavy forklift trucks ​Finland ​Not disclosed
​11 Aug (Q2/16) ​Kalmar ​Seven top loaders and eight reachstackers ​Americas
​Not disclosed
​11 Jul (Q2/16) MacGregor ​Design and delivery of key components and the fabrication of steel structures for the hatch covers on board five 14,000 TEU container vessels under construction ​Japan ​Not disclosed
​28 Jun (Q4/16) ​Kalmar ​Eight diesel-electric straddle carriers ​New Zealand
​Not disclosed
​21 Jun ​Kalmar ​18 all-electric AGVs ​Singapore
​Not disclosed
​2 Jun (Q4/15 and Q1/16) ​Kalmar ​10 diesel-electric straddle carriers ​Australia
​Not disclosed
​17 May (Q1/16) ​Kalmar ​Heightening three ZPMC ship-to-shore (STS) cranes ​Belgium
​Not disclosed
​4 May ​Kalmar ​Upgrading seven ship-to-shore (STS) cranes ​Malaysia ​More than 20 million
​4 May (Q1/16) ​Kalmar ​Nine Diesel-electric straddle carriers ​Germany
​Not disclosed
​27 Apr (Q1/16) ​MacGregor ​Comprehensive RoRo access equipment packages for four car carriers ​Japan
​Not disclosed
​25 Apr (Q1/16) ​Hiab ​250 Hiab loader cranes ​India
​Not disclosed
​21 Apr (Q1/16) ​Kalmar ​Nine Diesel-electric straddle carriers ​Germany
​Not disclosed
​12 Apr (Q1/16) ​MacGregor Electrically-operated shell doors and electric frequency-controlled Hatlapa winches for four next-generation eco-cruise ships ​Germany and Finland ​Not disclosed
​6 Apr (Q1/16) MacGregor ​Loose lashing orders for twelve container vessels ​Europe
​Not disclosed
​1 Apr (Q1/16) ​MacGregor ​Loose lashing contract to complete the optimized handling solution for five container ships ​South Korea
​Not disclosed
​30 Mar MacGregor ​For each of the two vessels, three K3030-4 mechanical grab cargo cranes with a safe working load of 30 tonnes at 30m outreach, design and key components package for multi folding-type hatch covers (6+6), electrically-driven Hatlapa deck machinery and Porsgrunn steering gear ​Finland
​Not disclosed
​22 Mar (Q2/15) ​Kalmar 37 Kalmar reachstackers and 8 Kalmar empty container handlers ​South Africa
​Not disclosed
​14 Mar (Q4/15) ​Kalmar ​Four Kalmar E-One2 rubber-tyred gantry cranes ​Egypt
​Not disclosed
​9 Mar ​MacGregor ​​Cargo system upgrades for five 14,000 TEU container vessels, including modifications to the lashing system along with lashing bridge enhancement and the provision of Lashmate software ​China
​Not disclosed
​7 Mar Siwertell ST640-M screw-type unloader ​Europe and China ​Not disclosed
​17 Feb ​MacGregor ​Pusnes bow loading and offloading systems ​China
​Not disclosed
​5 Feb ​Siwertell ​Two road-mobile unloaders for cement unloading operations ​Libya and Vietnam
​Not disclosed
​4 Feb (Q3/15) ​Kalmar ​27 straddle carriers ​USA
​Not disclosed
​11 Jan (Q3/15) ​Kalmar ​​60 Kalmar Ottawa T2 off-highway terminal tractors ​USA
Not disclosed

  

2015

​​Date (and booking quarter)Business unit​​​Description​​Country​​​Value
17 Dec​ ​Kalmar ​Fifteen all-electric RTGs ​Greece ​Approximately EUR 20 million
​27 Nov ​MacGregor ​Five sets of Pusnes substructure mooring connection systems including instrumentation for load monitoring. The ballast-stabilised turbine structures will each be equipped with a three-point mooring system employing site-specific anchors ​UK ​Not disclosed
​25 Nov ​Kalmar ​Seven Kalmar rubber-tyred gantry (RTG) cranes and Kalmar service and support ​Morocco ​Not disclosed
​25 Nov ​MacGregor ​Pusnes deck machinery for the following ship types: twelve very large crude carriers (VLCC); four Suezmax tankers; six liquefied petroleum gas (LPG) carriers; one liquefied ethylene gas (LEG) carrier; two long-range 75,000 dwt product tankers and one liquefied natural gas/floating storage regasification unit (LNG/FSRU) carrier. For each deck machinery package MacGregor will be responsible for the design, contract management and the supply of all key components ​South Korea ​Not disclosed
​24 Nov ​MacGregor ​RoRo access equipment packages for a series of two post-Panamax 8,000 lane metre's RoRo carriers. Each package comprise a stern ramp, internal ramps, bulkhead doors and four levels of hoistable electrically-operated car decks ​South Korea Not disclosed
​16 Nov (Q3/15) ​Hiab ​90 HIAB loader cranes and their installation from Coates Hire ​Australia ​​2 million
11 Oct (Q1/15) ​Kalmar ​6 rubber-tyred gantry (RTG) cranes ​Mexico ​Not disclosed
​6 Nov ​Siwertell ​Road-mobile Siwertell 10 000 S ship unloader ​Vladivostok, Russia ​Not disclosed
​2 Nov (Q3/15) ​Siwertell ​ST 940 DOB-type ship unloader ​Taiwan ​Not disclosed
​8 Oct (Q3/15) ​​Kalmar ​23 RTG cranes and 79 terminal tractors ​Colombia ​EUR 45 million
​8 Oct (Q3/15) ​MacGregor ​Anchor handling/towing winch packages for five 48m anchor handling tug supply (AHTS) vessels. Order include a medium-pressure 150-tonne capacity anchor handling/towing winch, a tugger winch, capstan and hydraulic power unit for each of the 48m AHTS vessels, and a 100-tonne capacity anchor handling/towing winch, a tugger winch, capstan and hydraulic power unit for the 40m AHTS vessel ​China ​Not disclosed
7 Oct (Q3/15) ​Hiab ​60 MOFFETT truck-mounted forklifts ​US ​USD 3 million
​7 Oct (Q3/15) ​MacGregor ​Design and delivery of key components and the fabrication of steel structures for the Hatch covers on board six 14,000 TEU container vessels ​Japan ​Not disclosed
​6 Oct (Q3/15) ​MacGregor ​Deck machinery package including a 200-tonne line pull / 300-tonne brake holding anchor handling towing winch, complete with a hydraulic spooling device, as well as Triplex shark jaws and guide pins   ​Not disclosed
​5 Oct (Q3/15) Kalmar ​​Upgrade of eight ship-to-shore cranes (STS) ​​Spain ​Not disclosed
​29 Sep ​Kalmar Eight automatic stacking cranes (ASC) and related automation ​Australia ​Not disclosed
22 Sep ​MacGregor ​Optimised cargo handling systems for five 10,500 TEU container vessels ​Germany ​USD 21 million
​26 Aug ​Hiab ​1,200 HIAB loader cranes India ​Not disclosed

18 Aug (Q4/14
and Q3/15)

​Kalmar ​Two Kalmar DCT80-45E7 empty container handlers, six Kalmar DRT 450 reachstackers and seven Kalmar TT 612d terminal tractors together with ten terminal chassis ​Kazakhstan ​Not disclosed
​17 Aug MacGregor ​Comprehensive RoRo access equipment packages for a series of five post-Panamax 7,800 CEU pure car/truck carriers (PCTCs) ​China ​Not disclosed
​13 Aug (Q2/15) ​Kalmar ​14 Kalmar E-One2 rubber-tyred gantry cranes (RTGs) and six Kalmar forklift trucks ​Colombia ​More than EUR 25 million
​14 Jul (Q2/15) ​​Kalmar ​Seven Kalmar Gloria reachstackers for intermodal handling, three Kalmar TT 618i terminal tractors and one Kalmar DCG 160-12 forklift. All of the machines come with an all-inclusive Kalmar Care maintenance contract and service support provided by Kalmar Austria ​Austria ​Not disclosed
​9 Jul ​​Kalmar ​Automated straddle carrier solution Australia ​Not disclosed
​8 Jul (Q2/15) ​​Kalmar ​Retrofitting both electrically and mechanically two ship-to-shore (STS) cranes ​Egypt ​Approximately EUR 3.5 million
​8 Jul ​MacGregor ​Design and key components for hatch covers; deck cranes, electric deck machinery, steering gear, air compressor ​China ​Not disclosed
​7 Jul MacGregor ​Four 20015-6045 LBC cranes ​Singapore ​Not disclosed
​16 Jun ​MacGregor ​Electrically-driven deck machinery, windlasses and mooring winches ​South Korea ​Not disclosed
​11 Jun ​Kalmar ​Nine all-electric rubber-tyred gantry cranes (ERTGs) ​​Greece ​Not disclosed
​11 Jun ​Kalmar ​​Seven further remote control (RC) desks ​Portugal ​Not disclosed
​9 Jun ​Kalmar Two Kalmar automatic stacking cranes (ASCs) ​USA ​Not disclosed
​22 May ​Kalmar ​​Two new Kalmar automatic stacking cranes (ASCs) ​Australia ​Not disclosed
​21 May (Q1/15) ​Kalmar Heightening of three Kalmar ship-to-shore (STS) cranes ​Belgium ​Not disclosed
​20 May ​Kalmar ​​18 rough terrain container handlers ​USA ​Approximately EUR 16 million (USD 18 million)
​19 May ​Kalmar ​Rail-travelling Siwertell type ST 790-D unloader ​Philippines ​Not disclosed
​4 May Kalmar Upgrading seven ship-to-shore (STS) cranes ​Malaysia ​EUR 20 million
​23 Apr (Q1/15) ​Kalmar ​​11 reachstackers and 16 forklift trucks ​Algeria ​Not disclosed
​22 Apr (Q1/15) ​Kalmar ​Seven Kalmar DCE330-RORO units ​Italy ​Not disclosed
​21 Apr (Q1/15) ​Kalmar Two subsea knuckle boom cranes ​Singapore ​Not disclosed
​21 Apr ​Siwertell ​​Road-mobile unloader ​Kuwait ​Not disclosed
​21 Apr (Q1/15) ​Kalmar 42 Kalmar Ottawa terminal tractors, five Kalmar reachstackers and two Kalmar rubber-tyred gantry cranes (RTGs) to Manila International Container terminal, and 16 Kalmar Ottawa terminal tractors and two Kalmar RTGs ​Philippines ​Not disclosed
​20 Apr (Q1/15) ​MacGregor ​Triplex deck handling equipment and cranes for four customised Havyard 843 anchor handling tug supply vessels (AHTS) ​Brasil ​Not disclosed
​17 Apr (Q1/15) ​MacGregor ​Pusnes bow loading systems for three newbuild shuttle tankers ​South Korea ​Not disclosed
​16 Apr ​Hiab ​60 stiff boom cranes ​China ​Not disclosed
​31 Mar ​Hiab ​MOFFETT truck mounted forklifts ​North America ​Approximately USD 10 million
​30 Mar ​Siwertell ​Road mobile unloader Saudi Arabia ​Not disclosed
​24 Mar ​Siwertell ​Siwertell screw-type ship unloader Korea ​Not disclosed
​23 Mar ​MacGregor ​Two complete deck equipment packages for a pair of 78m anchor handling, supply and oil recovery vessels ​China ​Not disclosed
​16 Mar ​​MacGregor ​Crane and observation gondola ​US ​Not disclosed
​9 Mar ​​MacGregor ​Complete turnkey delivery of RoRo cargo access and handling equipment ​Finland ​Not disclosed
​9 Mar ​Kalmar ​Additional system of 20 automatic stacking cranes ​UK ​Not disclosed
​5 Mar ​​MacGregor ​Eight MacGregor dry bulk cement handling systems ​China ​Not disclosed
​4 Feb ​Kalmar ​512 units of Kalmar Ottawa T2 terminal tractors ​North America ​Not disclosed
​29 Jan (Q4/14) ​Hiab ​Five models of folding loader crane, ranging from versatile 4-ton cranes to powerful 14-ton cranes, together with a service and maintenance package ​UK ​Not disclosed
​28 Jan (Q4/14) ​Siwertell ​Road-mobile unloader ​Turkey ​Not disclosed
​20 Jan (Q4/14) ​Kalmar ​Integrated automation system: control systems of automatic stacking cranes (ASCs) and AutoShuttles, and terminal logistic system (TLS) as well as for the integration of the system components and terminal operating system (TOS) ​Australia Approximately EUR 15 million
​19 Jan (Q4/14) ​​MacGregor ​Cargo and passenger access equipment for two cruise ships France ​Not disclosed
​16 Jan (Q4/14) ​​MacGregor ​Deck equipment packages for two 78m anchor-handling/offshore support vessels. Each package includes a medium pressure anchor windlass/mooring winch, capstans, tugger winches, storage reels, a provisions crane and power packs. From its Hatlapa range, MacGregor will supply each vessel with a 350 tonne line pull/450 tonne brake holding capacity low pressure anchor-handling/towing winch ​China ​Not disclosed

 

R&D investments focus on digitalisation as well as improving competitiveness and cost efficiency of products.

 

R&D in business areas in 2016

Kalmar: Investing in software competence and co-creation

Significant investments in advancing software competence, aim to optimize the information flow in terminals as well as between ports and shipping lines

  • Terminal Automation Summits in Australia and United States
  • Kalmar's first hackathon arranged in Finland
  • Collaboration with Linneaus University in Sweden

New products:

  • Kalmar FastCharge™ with hybrid technology
  • Kalmar Insight for terminal performance analysis
  • A new range of empty container handlers that offer customers the best lifetime value currently available on the market with better performance, less downtime and lower running costs.

 

Hiab: R&D investments pay off

  • Completing the investment in Test and Innovation Centre in Hudiksvall, Sweden, and being able to cut the time-to-market by one third in loader cranes
  • Investments in digitalisation and intelligent services by enhancing offering to new solutions
  • Currently running several connectivity projects with customers.

Record number of new or revamped products in all product lines, recent innovations:

  • Camera-based HiVision™ control system for forestry cranes uses virtual reality goggles
  • Crane Tip Control (CTC) revolutionises loader crane usability
  • HIAB FRAMEWORKS™ provides the customer with a premanufactured, ready-to-install subframe that matches the chosen truck.

 

MacGregor: Advance digitalisation, reduce industry waste

  • Placing special attention on digitalisation: The acquisition of maritime software and service provider Interschalt in January strengthened our capabilities in this area
  • New initiatives for co-creation, such as the first hackathon, ‘Hack the Sea’.

 

Updated 13 June 2017

According to our knowledge the following analysts have regular coverage on Cargotec Corporation. The list may be incomplete. The listed analysts follow Cargotec on their own initiative. Cargotec is not responsible for their views. 

 ​Company Analyst ​Telephone
​ABG Sundal Collier Olof Cederholm +46 8 566 286 22
​Carnegie ​Tom Skogman +358 9 6187 1234
Credit Suisse Leo Carrington +44 20 7883 4532
Kepler ​Cheuvreux ​Johan Eliason ​+46 8 723 5177
​Danske Markets ​Antti Suttelin ​+358 10 2364 708
​DNB ​Antti Kansanen +44 20 7621 6085
​Handelsbanken Timo Heinonen +358 10 444 2483
​HSBC ​Philip Saliba +49 211 910 2672
​Inderes ​Erkki Vesola ​+358 50 549 5512
​Nordea Bank ​Manu Rimpelä +358 9 530 05172
OP Financial Group ​Pekka Spolander ​+358 10 252 4351
​SEB Enskilda Tomi Railo​ ​+358 9 6162 8727
UBS Magnus Kruber +46 8 453 7311

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Consensus estimates

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Outlook for 2017, 20 July 2017

Cargotec reiterates its outlook published on 8 February 2017 and expects its operating profit excluding restructuring costs for 2017 to improve from 2016 (EUR 250.2 million).  

Outlook for 2017, 27 October 2017

Cargotec reiterates its outlook published on 8 February 2017 and expects its operating profit excluding restructuring costs for 2017 to improve from 2016 (EUR 250.2 million).  

Outlook for 2017, 20 July 2017

Cargotec reiterates its outlook published on 8 February 2017 and expects its operating profit excluding restructuring costs for 2017 to improve from 2016 (EUR 250.2 million).  

 

Outlook for 2017, 26 April 2017

Cargotec reiterates its outlook published on 8 February 2017 and expects its operating profit excluding restructuring costs for 2017 to improve from 2016 (EUR 250.2 million).

 

Outlook for 2017, 8 February 2017

Cargotec’s operating profit excluding restructuring costs for 2017 is expected to improve from 2016 (EUR 250.2 million).

Year 2016

Outlook for 2016,  25 October 2016

Cargotec’s 2016 sales are expected to be at the 2015 level (EUR 3,729 million) or slightly below. Operating profit excluding restructuring costs for 2016 is expected to improve from 2015 (EUR 230.7 million).

 

Outlook for 2016,  20 July 2016

Cargotec’s 2016 sales are expected to be at the 2015 level (EUR 3,729 million) or slightly below. Operating profit excluding restructuring costs for 2016 is expected to improve from 2015 (EUR 230.7 million).

 

Outlook for 2016, 29 April 2016

Cargotec’s 2016 sales are expected to be at the 2015 level (EUR 3,729 million) or slightly below. Operating profit excluding restructuring costs for 2016 is expected to improve from 2015 (EUR 230.7 million).

 

Outlook for 2016, 10 February 2016

Cargotec’s 2016 sales are expected to be at the 2015 level (EUR 3,729 million) or slightly below. Operating profit excluding restructuring costs for 2016 is expected to improve from 2015 (EUR 230.7 million).

Outlook for 2015, 21 October 2015

Cargotec’s 2015 sales are expected to grow from 2014. Operating profit excluding restructuring costs for 2015 is expected to improve from 2014.

 

Outlook for 2015, 21 July 2015

Cargotec’s 2015 sales are expected to grow from 2014. Operating profit excluding restructuring costs for 2015 is expected to improve from 2014.

 

Outlook for 2015, 28 April 2015

Cargotec’s 2015 sales are expected to grow from 2014. Operating profit excluding restructuring costs for 2015 is expected to improve from 2014.

 

Outlook for 2015, 10 February 2015

Cargotec’s 2015 sales are expected to grow from 2014 (3,358 MEUR). Operating profit excluding restructuring costs for 2015 is expected to improve from 2014 (149.3 MEUR).

Outlook Q3 2014, 23 October 2014

Cargotec’s 2014 sales are expected to grow from 2013. Operating profit excluding restructuring costs for 2014 is expected to improve from 2013.

 

Outlook Q2 2014, 18 July 2014

Cargotec’s 2014 sales are expected to grow from 2013. Operating profit excluding restructuring costs for 2014 is expected to improve from 2013.

 

Outlook Q1 2014, 29 April 2014

Cargotec’s 2014 sales are expected to grow from 2013. Operating profit excluding restructuring costs for 2014 is expected to improve from 2013.

 

Outlook Q4 2013, 4 February 2014

Cargotec's 2014 sales are expected to grow from 2013. Operating profit excluding restructurings costs for 2014 is expected to improve from 2013. The acquisition of the Aker Solution's mooring and loading systems unit was completed 30 January 2014. Consolidation of the acquisition does not impact Cargotec's above-mentioned outlook for 2014.

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

Outlook Q3 2012, 25 October 2012 (published 15 October 2012)

The operating profit margin for 2012 is expected to be approximately 5 percent excluding non-recurring costs. Sales are expected to grow from 2011.

 

Outlook, 15 October 2012

Cargotec reduces its full-year 2012 operating profit margin guidance given in July. Due to cost overruns, the profitability of large projects in the Terminals business area fell below expectations in the third quarter, and therefore also the fourth quarter performance is expected to remain below previous expectations. Cargotec's guidance is also affected by slippages of deliveries over the year-end into 2013 in the Marine business area.

The operating profit margin for 2012 is expected to be approximately 5 percent excluding non-recurring costs. Sales are still expected to grow from 2011.

 

Outlook Q2 2012, 19 July 2012

Cargotec's 2012 operating profit margin is expected to be approximately 6 percent. Sales are expected to grow from 2011.

 

Outlook 12 June 2012

Cargotec reduces its 2012 profitability guidance given in April due to lower operating result in Terminals segment than previously expected. Cargotec's 2012 operating profit margin is expected to be approximately 6 percent. Sales are still expected to grow from 2011. Earlier guidance was for sales to grow and operating profit margin to improve from previous year's 6.6 percent level. Terminals and Load Handling segments' operating profit margins are still expected to improve from the previous year, but the margin improvement in Terminals will be clearly less than previously expected.

 

Outlook Q1 2012, 26 April 2012

Marine segment profitability is expected to continue healthy, although full year sales are expected to decline slightly from previous year. Sales in Terminals and Load Handling segments are expected to grow as a result of the order book. Terminals segment order book supports expectations that the segment’s profitability will clearly improve from the first quarter.Cargotec expects its 2012 sales to grow and operating profit margin to improve compared to 2011.

 

Outlook Q4 2011, 7 February 2012

Cargotec expects its 2012 sales to grow and operating profit margin to improve compared to 2011.

Outlook Q3 2011, 27 October 2011

Cargotec reiterates its 2011 guidance: Cargotec's 2011 sales are estimated to grow approximately 20 percent based on healthy January - September order intake. Cargotec's 2011 operating profit margin is estimated to be approximately 7 percent.

 

Outlook Q2 2011, 21 July 2011

Cargotec reiterates its 2011 guidance: Cargotec’s 2011 sales are estimated to grow approximately 20 percent. Healthy first half order intake both in Industrial & Terminal and Marine segments together with the recovery in the market situation support a more positive growth expectation. Sales growth and significant efficiency improvement measures executed during the past years, support profitability, but there is cost pressure on the markets. Cargotec’s 2011 operating profit margin is estimated to be approximately 7 percent.

 

Outlook Q1 2011, 28 April 2011

Cargotec’s 2011 sales are estimated to grow approximately 20 percent. Healthy first quarter order intake both in Industrial & Terminal and Marine segments together with the recovery in the market situation supports a more positive growth expectation. Sales growth and significant efficiency improvement measures executed during the past years, support profitability, but there is cost pressure on the markets. Cargotec’s 2011 operating profit margin is estimated to be approximately 7 percent.In February, Cargotec’s 2011 sales were estimated to grow over 10 percent and 2011 operating margin was estimated to continue to improve.

 

Outlook Q4 2010, 3 February 2011

Cargotec’s 2011 sales are estimated to grow over 10 percent based on estimated strong growth both in the Industrial & Terminal and Marine segments. The recovery in the market situation and increased order intake are estimated to boost growth for Industrial & Terminal while the strong order book in the beginning of the year is estimated to support growth in Marine sales. Cargotec’s 2011 operating profit margin is estimated to continue to improve as a result of growth and significant efficiency improvement measures executed during the past years.

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.

​Outlook Q3 2009, 22 October 2009

Due to the weak market situation, demand for Cargotec's products and services is expected to continue clearly lower than last year. Despite expected growth in marine cargo handling business Cargotec's 2009 sales are estimated to decline approximately 25 percent from the previous year's.
An estimated total of approximately EUR 70 million will be booked as productivity-improving restructuring costs for 2009, with EUR 37 million booked in January-September. Cargotec estimates 2009 operating result after restructuring costs to be negative.

 

Outlook Q2 2009, 20 July 2009

Due to the weak market situation, demand for Cargotec's products is expected to continue clearly lower than last year, the decline being milder in services.
Despite expected growth in marine cargo handling business Cargotec's 2009 sales are estimated to decline approximately 25 percent from the previous year's level.An estimated total of approximately EUR 50 million will be booked as productivity-improving restructuring costs for 2009, with EUR 22 million reported in the first half.Cargotec estimates 2009 operating profit after restructuring costs to be slightly positive, however, cash flow from operations is estimated to continue clearly positive in the second half of 2009.

 

Outlook Q1 2009, 28 April 2009

The economic situation and investment activity continue to be uncertain, which makes it difficult to estimate demand for Cargotec’s products. This is further complicated by possible order postponements and cancellations. Sales in MacGREGOR are expected to grow in 2009. Sales of Hiab and Kalmar are expected to clearly decline from 2008 level. A total of approximately EUR 40 million of restructuring costs improving competitiveness are expected to be booked in 2009, of which EUR 9 million was booked in the first quarter.

 

Outlook Q4 2008, 2 February 2009

In the current uncertain economic situation it is difficult to estimate the demand for Cargotec's products. This is further complicated by possible order cancellations and delays. The preconditions for sales growth exist in services and MacGREGOR. Sales of Hiab and Kalmar are expected to decline from 2008. Significant restructuring measures costing EUR 35 million were decided on during 2008 to create a new supply platform and improve profitability in Cargotec. Focus is on the rapid implementation of these measures. Approximately EUR 16 million of these costs remain for 2009.

Financial targets

Cargotec's financial targets

Cargotec's board of Directors has confirmed the updated financial targets for Cargotec Corporation, announced on 5 September 2017.

Updated targets are the following:

  • Grow faster than the market (unchanged)
  • Cargotec operating profit margin 10% in 3-5 years
  • Service and software sales 40% of net sales, minimum EUR 1.5 billion in 3-5 years
  • Increasing dividend in the range of 30-50% of EPS, dividend to be paid twice a year*
  • 15% ROCE in 3-5 years
  • Gearing below 50% (unchanged)


*Proposal to be made for the Annual General Meeting 2018

The updated financial targets reflect Cargotec’s increased profitability and stability. Cargotec’s must-win battles - Build world-class services offering, Lead digitalisation, Build world-class leadership - continue to form the core of the company’s strategy. With the must-win battles, we aim to become the global leader in intelligent cargo handling.



Earlier targets can be seen on the left in section Old financial targets.

Development on financial targets


Operating profit margin

ROCE

Dividend

Gearing and net debt

Old financial targets

Previous financial targets were the following:

Group targets

  • 15% return on capital employed (ROCE pre-tax) over the cycle
  • Gearing below 50%
  • Dividend 30 - 50% of earnings per share


Business area targets

  • 10% operating profit margin (EBIT) over the cycle
  • Growth faster than market growth




Development on previous financial targets

 

ROCE

Gearing and net debt

Dividend

Kalmar EBIT* 

Hiab EBIT*

MacGregor EBIT*

CEO Mika Vehviläinen in January-September 2017 interim report: Good progress in many areas, sales were a disappointment

"Orders received increased in Hiab, MacGregor and services during the third quarter of 2017. The services growth is especially important for us and together with software business it already accounts for one third of our total sales. Hiab’s orders received grew strongly in Europe. For the first time in three years MacGregor’s orders received increased compared to previous year, and there are positive signals in the merchant ship markets.

Our sales in the third quarter were disappointing compared to our expectations, affecting our operating profit negatively. The sales decline came from low MacGregor delivery volumes, timing of the deliveries in Kalmar projects, as well as supply chain challenges in Hiab and Kalmar’s mobile equipment.
In Kalmar, the orders received did not reach our expectations especially in the project business. However, the good development of container throughput continued in the third quarter, and the service sales, which are crucial for our strategy, grew eight percent in Kalmar. Furthermore, we took important steps in the commercialisation of our digital collaboration platform XVELA.

In Hiab, we were able to complete an interesting acquisition in developing markets. Argos is one of the leading manufacturers of loader cranes in Brazil, and with the acquisition we will expand our operations in the market as well. The construction activity is estimated to remain on a good level in our main markets, supporting Hiab’s prospects also going forward.

Despite the decline in sales, MacGregor’s operating profit in the third quarter remained at last year’s level due to cost savings. The share of services accounted for as much as 40 percent of MacGregor’s sales already.

Cash flow from operating activities was strong during the third quarter. With a good cash flow we are able to invest in research and development, growth, as well as mergers and acquisitions."

Updated 27 October 2017

M&A history

Cargotec’s M&A strategy is focusing on bolt on acquisitions. In Kalmar, the focus is on service footprint expansion and software offering. Hiab is focusing on expanding geographical presence and product offering, whereas MacGregor is looking for M&A opportunities on distressed assets and software as well as intelligent technology.

2011-2017

Company name Announced Closed Transaction value Business area Sales Employees
2017      
Argos 1 August 2017 4 October 2017  Not disclosed  Hiab  Under 10M€ in 2016 60 
2016      
INTERSCHALT 20 January 2016 2 March 2016  Not disclosed Kalmar and MacGregor 42M€ in 2014 Over 200 
Flintstone (51% share) 29 September 2016 22 September 2016  Not disclosed  MacGregor  Not disclosed 10 
2014    
Deep Water Solutions  27 February 2014 27 February 2014  Not disclosed  MacGregor Not disclosed
2013
Pusnes   30 October 2013  EV 180M€  MacGregor 130M€ in 2012 370 
Hatlapa Group 16 July 2013 EV 160M€  MacGregor 120M€ in 2013 (estimate) 585 
Mareiport 7 May 2013  Not disclosed  Kalmar 20M€ in 2012  250
2012     
Automation technology and expertise from Asciano 29 June 2012 1 July 2012  Not disclosed  Kalmar  Not disclosed 23 
2011    
Component manufacturing in Estonia (divestment)
30 November 2011  Not disclosed  - Not disclosed 370 
Navis 31 January 2011   140M€  Kalmar ~55M€ in 2011 (estimate) Over 300 

2008-2010

Company name Announced Closed Transaction value Business Area Sales Employees
2010      
Majority share in Kalmar (Malaysia) Sdn.Bhd. 15 December 2010 Early January 2011 Not disclosed  Kalmar Approximately 12 M€ per year  125
Hallberg-Ivarsson Hydraulik & Påbyggnad 15 November 2010 1 January 2011  Not disclosed Hiab   - 2-3 part-time 
Waltco Hydraulics (divestment) 7 January 2010 Not disclosed   -
2009       
Sales and service business in Morocco 11 December 2009 Not disclosed   - 44 
Danish sales and services company 19 August 2009 Not disclosed   -
2008      
80% of CVS Technoports S.r.l. and CVS Service S.r.l. 3 November 2008 Not disclosed   8M€ in 2007 65 
Equipos y Servicios para Terminales y Puertos SRL 11 August 2008 Not disclosed  Kalmar   1M€ in 2007 17 
Zepro Tailgate (1987) Ltd 17 June 2008 Not disclosed   -
Platform Crane Services International Inc  10 April 2008   MacGregor   16 M$ in 2007 105 
South African Bowman Cranes Ltd 1 April 2008  July 2008 Not disclosed  Hiab   -
DEL Equipment (UK) Limited and Ultron Lift Corp. 27 February 2008 March 2008  Not disclosed  Hiab   23M€ in 2007 164 
O’Leary’s Material Handling Services 20 February 2008  Not disclosed Hiab  2.6 M€ in 2007 24 

2007

Company name Announced Closed Transaction value Business area Sales Employees
 Advanced Cargo Transhipment B.V. (ACT) 28 August 2007  August 2007  Not disclosed Kalmar  -  -
Bay Equipment Repairs Inc.  13 August 2007  July 2007 Not disclosed  Hiab   1 M€ in 2006 13 
Balti ES  30 May 2007  June 2007 Not disclosed   -  14 M€ in 2006 600 
Vestnorsk Hydraulikkservice AS (VNH)  14 May 2007  June 2007 Not disclosed   MacGregor 21 
Kalmar Asia Pacific Ltd  23 April 2007  - Not disclosed   - -
Plimsoll Corporation Pte Ltd  28 March 2007  April 2007 Not disclosed   MacGregor 43 M€ in 2006 500 
Hydramarine AS  15 March 2007  April 2007 Not disclosed   MacGregor 63 M€ in 2006 150 
Vietnam Shipbuilding Industry Group  6 March 2007  - Not disclosed   MacGregor -
Indital Construction Machinery Ltd. (Indital)  14 April 2007  April 2007 Not disclosed   All business areas 8 M€ 100 
Port Equipment Service, Inc.  2 February 2007  March 2007 Not disclosed   Kalmar 4 M€ in 2006 56 
BG Crane Pty. Ltd.  30 Januarý 2007  March 2007 Not disclosed   Hiab -
Truck och Maskin i Örnsköldsvik AB  29 January 2007 March 2007  Not disclosed   Kalmar  13 M€ in 2006
Berger  17 January 2007  May 2007 Not disclosed   Hiab 15 M€ 85 
Tagros d.o.o.  15 January 2007  After signing Not disclosed   Kalmar 2 M€ in 2006 35 

2005-2006

Company name Announced Closed Transaction value Business area Sales Employees
2006 
Kalmar España S.A. 18 December 2006 April 2007  Not disclosed Kalmar  11 M€ in 2005  6
Catracom 16 September 2006 November 2006  Not disclosed  Kalmar 70 M€ in 2005 100 
African National Engineering 1 September 2006 After signing  Not disclosed  Kalmar
Grampian Hydraulics 11 August 2006 After signing  Not disclosed  MacGregor  Approx. 4 M€ in 2006 30 
BMH Marine AB 12 June 2006 July 2006  Approx. 32 M€  MacGregor  70 M€ in 2006 (estimate) 140 
East Coast Cranes and Electrical Contracting Inc. 16 March 2006 After signing  Not disclosed  Kalmar  USD 25 million in 2005
AMA 26 January 2006 April 2006  Not disclosed  Hiab  4 M€ in 2005 55 
2005 
Divestment of 42% stake in Consolis
21 September 2005 October 2005  80 M€  -  646 MEUR  5,100
All Set Marine Lashing 8 July 2005 November 2005  Not disclosed  MacGregor  15 M€ in 2004




Cargotec

AMER Americas
APAC Asia-Pacific
Brownfield terminal Existing terminal
Construction output Construction production volume, a key market driver for Hiab
Container throughput A measure of the number of containers handled over a period of time. It is a standard measure for the productivity of a seaport. Container throughput is measured by twenty-foot equivalent units (TEU). Key market driver for Kalmar
EMEA Europe, Middle East and Africa
Greenfield terminal Brand-new terminal whose construction does not contain constrainsts of buildings and infrastructure
Rainbow-Cargotec Industries (RCI) A joint venture with Cargotec’s partner in China, Jiangsu Rainbow Heavy Industries (RHI)
RCI Rainbow-Cargotec Industries (RCI), a joint venture with Cargotec’s partner in China, Jiangsu Rainbow Heavy Industries (RHI)
SAF Semi-automated folding, used in some of Hiab's products
Software sales When reported, software sales includes Navis business unit and automation software
TEU TEU stands for Twenty-Foot Equivalent Unit which can be used to measure a ship's cargo carrying capacity. The dimensions of one TEU are equal to that of a standard 20′ shipping container. 20 feet long, eight feet tall.
TLS Terminal logistic system
TOS Terminal operating system

Kalmar

ASC crane Automated stacking crane (image)
Forklift truck Trucks for lifting different kinds of loads (more information)
Intermodal handling Involving two or more different modes of transportation
Loaded container handler Masted container handler for containers that are loaded
Logstacker Stacker for handling logs (image)
Masted container handler Masted container handlers to handle both empty and loaded containers (image)
OneTerminal Kalmar's OneTerminal is an integrated automation solution that brings together Kalmar and Navis software systems, equipment and services (more information)
Port 2060 Kalmar's initiative that was originally launched in 2011 to spark discussion on the future of the port industry. Read the blog
Reachstacker Reachstackers are machines for container handling, industrial handling and intermodal handling (more information)
RMG crane Rail-mounted gantry crane (more information)
Rough terrain handler Rough terrain handlers are designed specifically for use in the world’s most challenging environments (more information)
RTG crane Rubber-tyred gantry crane for large terminals (more information)
Shuttle carrier Carriers to pick, carry, stack and ground containers or for example moving containers from ship to shore (more information)
Straddle carrier Carriers for ship-to-shore operations (more information)
STS crane Ship-to-shore crane for moving containers from ships to terminal (more information)
Terminal tractor Terminal tractors can be used for short distance transportations in ports and container terminals, distribution and logistic centres as well as industrial sites (more information)

Hiab 

HiConnectTM   Hiab's connected service offering, which enhances the productivity of Hiab equipment for fleet operators by enabling real-time insights via web-based dashboards showing the utilisation, condition and operation of their connected Hiab equipment (more information)
HiVisionTM  HiVision, Hiab's 3D technology product for forestry cranes, makes possible to move the crane from a truck cabin (more information)
Loader crane Crane attached to a truck (more information)
Truck mounted forklift Forklifts for loading and unloading cargo without assistance. Fits at the rear of a truck or trailer. Hiab produces truck mounted forklift under MOFFETT brand (more information

MacGregor 

Offshore Industrial activity at sea, e.g. drilling and pumping at an oil or gas well
RoRo vessel Roll-on/roll-off vessel, designed to carry wheeled cargo that are driven on and off the ship
RoPax vessel Roll-on/roll-off passanger vessel for freight vehicle transport and passenger accommodation