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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
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.
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.
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.
Cargotec expects its comparable operating profit for 2022 to improve by EUR 88–118 million from 2021 (from EUR 232 million to EUR 320–350 million).
In its outlook reiterated on 20 July 2022, Cargotec expected its comparable operating profit for 2022 to improve from 2021 (EUR 232 million).
Cargotec expects its comparable operating profit for 2022 to improve from 2021 (EUR 232 million).
Cargotec expects its comparable operating profit for 2022 to improve from 2021 (EUR 232 million).
Cargotec expects its comparable operating profit for 2022 to improve from 2021 (EUR 232 million).
