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Cargotec as an investment

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 is carrying out a structure change where there would be three separate businesses emerging from the current Cargotec group. As of 1 July 2024, Kalmar has been demerged to form a separate listed company, and Cargotec is looking for a solution for MacGregor during 2024. If the planned actions are completed, current Cargotec would comprise of Hiab as a standalone business.

Cargotec’s Board of Directors has set the following financial targets for Hiab to measure success by 2028:

  • Annual sales growth over seven percent over the cycle
  • Comparable operating profit 18 percent (1
  • Return on capital employed over 25 percent (2

1) as business area of Cargotec
2) as business area of Cargotec, defined as (Operating profit / Operative capital employed)

In addition to the Hiab-specific long term targets, Cargotec’s climate target to reduce greenhouse gas emissions in all three emission scopes by at least 50 percent by 2030 compared to a 2019 baseline remains valid. The target is validated by the Science Based Targets initiative (SBTi). In its planned standalone future after the solution for MacGregor has been found, Cargotec (future Hiab) is planning to publish a new climate target and applying its validation from SBTi.

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

Read more from a release published on 27 May 2024

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