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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%.

Latest performance of Cargotec's core businesses:

Core businesses*’ key figures

MEUR

Q4/22

Q4/21

Change

2022

2021

Change

Orders received

920

880

5%

3,874

3,639

6%

Service orders received

257

241

7%

961

863

11%

Order book, end of period

2,566

2,173

18%

2,566

2,173

18%

Sales

1,046

748

40%

3,445

2,633

31%

Service sales

263

219

20%

962

819

18%

Service sales, % of sales

25%

29%

 

28%

31%

 

Eco portfolio sales

232

137

69%

859

482

78%

Eco portfolio sales, % of sales

22%

18%

 

25%

18%

 

Operating profit

119.7

47.0

> 100 %

352.5

181.8

94%

Operating profit, %

11.4%

6.3%

 

10.2%

6.9%

 

Comparable operating profit

124.5

75.6

65%

388.5

264.1

47%

Comparable operating profit, %

11.9%

10.1%

 

11.3%

10.0%

 

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

 

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