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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.

Cargotec's performance targets

Cargotec announced its re-focused strategy on 30 March 2022. Cargotec's Board of Directors has on 15 November 2022 set the performance targets for Cargotec's core businesses*:

  • Eco portfolio sales: double the growth compared to traditional products

  • Reduce CO2 emissions in Cargotec’s value chain1 by 25% by 2025 and by 50% by 2030

  • Sales growth faster than market2

  • Comparable operating profit 12% by 2025 and 15% by 2030

1) Scopes 1, 2 & 3, compared to 2019
2) global GDP, IMF World Economic Outlook, current prices

Cargotec also aims for a growing dividend 30–50% of EPS and to keep gearing below 50%.

Key figures of Cargotec's core businesses* 

MEUR Q2/23 Q2/22 Change Q1-Q2/23 Q1-Q2/22 Change 2022
Orders received 812 1,083 -25% 1,663 2,059 -19% 3,874
Service orders received 242 237 2% 507 460 10% 961
Order book, end of period 2,265 2,760 -18% 2,265 2,760 -18% 2,566
Sales 1,016 826 23% 1,933 1,510 28% 3,445
Service sales 256 235 9% 515 451 14% 962
Service sales, % of sales 25% 28%   27% 30%   28%
Eco portfolio sales 286 251 14% 572 468 22% 1,056
Eco portfolio sales, % of sales 28% 30%   30% 31%   31%
Operating profit 143.6 92.5 55% 257.1 141.9 81% 352.5
Operating profit, % 14.1% 11.2%   13.3% 9.4%   10.2%
Comparable operating profit 149.3 97.3 54% 262.8 167.2 57% 384.3
Comparable operating profit, % 14.7% 11.8%   13.6% 11.1%   11.2%

* Core businesses = Cargotec excluding MacGregor, Kalmar heavy cranes business. and the Navis business divested during the comparison period. Includes corporate administration and support functions.

The table is extracted from the quarterly report in question. Quarterly reports can be found here.

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