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Why invest in Cargotec
In April 2023 Cargotec's Board of Directors decided to investigate and initiate a process to potentially separate its core businesses Kalmar and Hiab into two standalone companies. Cargotec’s intention would be to separate Kalmar as a new listed company by means of a partial demerger from Cargotec. In February 2024, Cargotec's Board approved a demerger plan concerning the separation of Kalmar into a new listed company. More information.
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%.
|
MEUR |
Q4/23 |
Q4/22 |
Change |
2023 |
2022 |
Change |
|
Orders received |
806 |
920 |
-12 % |
3,171 |
3,874 |
-18 % |
|
Service orders received |
249 |
257 |
-3 % |
992 |
961 |
3 % |
|
Order book, end of period |
1,820 |
2,566 |
-29 % |
1,820 |
2,566 |
-29 % |
|
Sales |
954 |
1,046 |
-9 % |
3,795 |
3,445 |
10 % |
|
Service sales |
261 |
263 |
-1 % |
1,026 |
962 |
7 % |
|
Service sales, % of sales |
27% |
25% |
 |
27% |
28% |
 |
|
Eco portfolio sales |
322 |
320 |
1 % |
1,224 |
1,056 |
16 % |
|
Eco portfolio sales, % of sales |
34% |
31% |
 |
32% |
31% |
 |
|
Operating profit |
84.3 |
119.7 |
-30 % |
459.5 |
352.5 |
30 % |
|
Operating profit, % |
8.8% |
11.4% |
 |
12.1% |
10.2% |
 |
|
Comparable operating profit |
99.6 |
123.5 |
-19 % |
487.4 |
384.3 |
27 % |
|
Comparable operating profit, % |
10.4% |
11.8% |
 |
12.8% |
11.2% |
 |
* Core businesses = Cargotec excluding MacGregor and Kalmar heavy cranes business. Includes corporate administration and support functions.
The table is extracted from the quarterly report in question. Quarterly reports can be found here.
