Investor relations

This text is an extract from the Cargotec Annual report 2023. Links to the 2023 annual report can be found on this same page.

Mission and goal

Cargotec’s Investor Relations aims to ensure that all market participants have correct and sufficient information at all times to support a fair valuation of Cargotec’s share. Investor Relations is responsible for planning and executing  financial and investor communications at Cargotec, and all investor requests are processed centrally through Cargotec’s Investor Relations. 

The Investor Relations function prepares Cargotec’s financial statements and quarterly reviews, develops the investor website, writes stock exchange releases, and prepares supporting IR material such as presentations. The IR  function also organises roadshows, investor meetings and events, seminars, news conferences of result publications, as well as site visits, and participates in annual general meeting arrangements.

Investor Relations leads the Capital Markets Day and other IR events arrangements for investors and analysts. It also gathers and analyses market information and investor feedback to be used by Cargotec’s management and the  Board of Directors. 

Investor relations prepares videos, blogs, etc. about current topics, such as quarterly reports and other events. All material can be found from Cargotec website’s Investor section.

Silent period

Cargotec follows a three-week silent period prior to publication of quarterly reports and financial statements. During this time, Cargotec spokespersons do not comment on the company’s financial situation, market, or future outlook or hold any meetings with investors or analysts or attend any investor conferences.

Prior to the silent periods in 2023, Cargotec hosted pre-silent calls and distributed a newsletter to the financial markets’ participants following Cargotec. The newsletters were also published on Cargotec’s website. In addition, after each pre-silent call, the IR team published a video on the company’s YouTube channel, in which the CFO Mikko Puolakka answered the most common analyst and investor questions of the quarter.

Investor relations in 2023

During the year, the IR team continued its active cooperation with the financial market representatives, organising face-to-face and virtual investor and analyst meetings both abroad and in Finland. The planned separation of Kalmar and Hiab, unlocking further shareholder value through focus on sustainable and profitable growth in Cargotec’s core businesses, and the progress of MacGregor turnaround were the main topics of these meetings.

The physical meetings were held throughout the year in Helsinki, Finland, but also in connection with roadshows, events, and seminars in Finland and in the US, UK, France, Italy, Switzerland, Germany, Norway, Belgium, the Netherlands, and Sweden.

In total, the Investor Relations function organised tens of meetings in 2023. The team members hosted the meetings with many meetings being attended by Cargotec’s President and CEO Casimir Lindholm, CFO Mikko Puolakka or Hiab’s President Scott Phillips, who gave insight about Cargotec as an investment to those attending the meetings. In addition, Cargotec’s Investor Relations function participated in various investor meetings organised by brokerage firms; in many cases Cargotec’s CEO or CFO was also attending these meetings.

In April, Cargotec IR held an investor event on eco portfolio and taxonomy to analysts, investors and media. The event included presentations by Cargotec’s Head of Sustainability, Päivi Koivisto, Mette Kjems Bærentzen, Head of Sustainability of Kalmar, and Tobias Bunne, Head of Sustainability of Hiab.The event received great interest with around 30 participants attending the event either virtually or in Helsinki.

Cargotec IR in social media

The Investor Relations team produced 14 videos in 2023 which were made public via the company Youtube channel. In the 2023 videos we introduced Cargotec’s new President and CEO Casimir Lindholm, went through the quarterly results, as well as provided answers to the most frequently asked analyst and investor questions of the period. The quarterly report publication events were also broadcasted as webcasts, and links to those webcasts are available on the IR web pages.

Cargotec’s LinkedIn account gained popularity during 2023. While about 47,000 people were following the company’s activities through this channel at the end of 2022, a year later the number had increased by 9 percent to nearly 51,000. The IR team actively updates LinkedIn, providing updates about Cargotec and its business area events, financial releases and other topics of interest.

During 2023, one of the most important tasks of the Investor Relations function was to make it as easy as possible to find information about the planned separation of Kalmar and Hiab. In this regard, as an example, the IR team carried out development of new functionalities for internet pages, for example for compiling news in a concise, easy-to-use format.

Acknowledgements

Webranking by Comprend ranks yearly the corporate websites of European companies to evaluate how well they meet the needs and expectations of their stakeholders, such as analysts, investors, jobseekers, and the media. From Finland, Webranking by Comprend evaluated the web pages of the 52 largest companies, placing Cargotec as the 10th top website performer in Finland.