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Reports & presentations

Interim report January-March 2022

More information

Browse all Cargotec’s investor publications in this section. In case you need additional information, please contact Cargotec Investor Relations team.

IR Newsletter

This section contains Cargotec's IR newsletters, mainly published quarterly before the three-week silent period. You can find the most recent letter below.

Pre-silent newsletter Q1/2022

The first quarter of 2022 is now behind us and we would like to take the opportunity and highlight some of our most notable events of the quarter past. Cargotec’s interim report January – March 2022 will be published on Wednesday, 27 April 2022, and the silent period starts on Wednesday, 6 April 2022.

Cargotec refocused its strategy for higher financial performance through sustainability and growth in profitable core businesses

Cargotec announced its refocused strategy on 30 March following the cancellation of the planned merger with Konecranes the day before

Cargotec will focus on sustainability and growth in profitable core businesses Hiab, Kalmar Mobile Solutions and Kalmar’s horizontal transportation business. Cargotec’s vision and breakthrough objectives sustainability and profitable growth remain.

Cargotec will initiate an evaluation of strategic options of MacGregor including a potential sale of the business.

Kalmar’s focus will shift towards mobile solutions and will start planning an exit from the heavy port cranes business.

Hiab will remain at the core of Cargotec’s strategy and its business portfolio will remain the same, but Cargotec plans to further accelerate the development of Hiab’s M&A pipeline.

Cargotec’s capital allocation priorities for upcoming 12 months are planned to be acceleration of M&A, research and development investments in electrification, robotics and digitalisation as well as Cargotec’s climate programme Mission Climate.

Cargotec is planning to host a capital markets day later this year.

ReleasePresentationWebcast recording

Announced orders in Q1 2022

  • Date (booking quarter): 24 March (Q1/22)
  • Business area: MacGregor
  • Description: Comprehensive packages of RoRo equipment for four PCTC's
  • Country/Customer:Norway/Höegh Autoliners
  • Value: More than USD 15 million

All announced orders

Other releases from Q1 2022

In January, Kalmar announced to supply world's first electric reach stacker with combined charging system to Westport AS in Norway, and signed a one-year agreement with Norwegian rail operator CargoNet covering the field-testing of a Kalmar Electric Reachstacker.

Hiab introduced the MOFFETT E5 NX as the third model in the eSeries of all-electric truck mounted forklifts. It is the world's first electric truck mounted forklift with a moving mast.

In February, Cargotec published its 2021 annual report and financial statements. The Annual Report 2021 consists of the annual review, financial review, corporate governance statement and remuneration report. The financial review includes the Board of Directors’ report, the financial statements, and the auditor’s report.

In the Board of Directors’ report, Cargotec for the first time also reports the group sales, capital expenditure and operating expenditure according to the EU taxonomy classification system. In 2021, the proportion of taxonomy-eligible economic activities in Cargotec’s total turnover was 100 percent, 100 percent in the capital expenditure, and 100 percent in the operational expenditure.

In March, Cargotec's Annual General Meeting was held virtually. The Annual General Meeting approved a distribution of a dividend of EUR 1.08 for each outstanding class B shares. The dividend payment day was 28 March 2022.

After the AGM, Cargotec's Board of Directors organising meeting 2022 elected Ilkka Herlin to continue as Chair of the Board. Jaakko Eskola was elected as Vice Chair of the Board.

All releases

Q&A on Russia's military attack on Ukraine

We regret to see that the conflict has escalated into war after Russia’s military attack. The attack is a violation of human rights and there is no justification for it. Our thoughts are with those people suffering from the shocking actions. Despite the horrific consequences of the war, the general impact, however, in Cargotec's overall business at this stage is low. Below some Q&A about the situation.

Q: How big a share of your sales comes from Russia and Ukraine?
A: We have stopped all sales to Russia and Belarus until further notice. We have had sales to Russia and Ukraine, but the countries have not been among our top 10 markets. In 2021, Russia’s share of total sales was below 1%. Ukraine's share was even smaller.

Q: Do you have any assembly operations or suppliers in Russia or in Ukraine?
A: We don’t have assembly units either in Russia or in Ukraine. We have a limited number of suppliers in the countries. However, some of our suppliers get some of the steel from Ukraine.

Q: Do we have any employees in Ukraine and/or in Russia?
A: We don't have any of employees in Ukraine. In Russia, we have roughly 50 employees.

Q: What are the long term implications of the war for Cargotec?
The situation is evolving rapidly, on a daily basis, and it is too early to draw any conclusions. A prolonged conflict situation would most probably affect global economic growth adversely.

Q: Has Cargotec supported the civil victims of the war by donating money through charities?

A: The Cargotec Board of Directors has made the decision to donate 100,000 euros to charities supporting the people in need. The donation will be made through two international charities; the Red Cross Disaster Relief Fund (50%) and Unicef (50%).

IR activities during Q1

During Q1, we have kept up our active engagement with the financial markets. We met investors on virtual roadshows and hosted standalone meetings and calls with investors and analysts.

If you are interested to meet with us, please do not hesitate to contact Heidi at heidi.gustafsson(at)cargotec.com to agree on the details.

IR calendar

Take a look also at these contents 

You can follow Cargotec investor-related and other news also in Instagram. Be sure to go to @cargotecglobal and subscribe!

Check our IR blog section for interesting stories about various topics around our industry and activities.

We maintain a list with all mergers and acquisitions as well as divestments on the Cargotec website Investors section - you can find the M&A history here

Visit the IR calendar section on the Cargotec website for more information about upcoming and past events.

Consensus

Have a look at the latest VARA consensus estimates.

2018 pre-silent newsletters

Q4/2018 pre-silent newsletter

The most important events of the Q4 2018 can be found from the below newsletter. 

Cargotec’s financial information in 2019

Cargotec Corporation will disclose the following financial information in 2019:

  • Interim report January–March 2019, on Thursday, 25 April 2019
  • Half year financial report January–June 2019, on Thursday, 18 July 2019
  • Interim report January–September 2019, on Tuesday, 22 October 2019

Cargotec published its 2018 Financial reviewAnnual reviewCorporate governance statementRemuneration statement, and GRI index on 19 February 2019.

Orders announced in Q4/2018

Date (and booking quarter) Business area Description Country/ Customer Value
17 January (Q4/18) Kalmar Complete AutoRTG system which will comprise eight automated rubber-tyred gantry cranes (AutoRTGs) controlled by the Kalmar Terminal Logistic System (TLS) and new-generation remote control (RC) desks  Belfast Container Terminal (BCT) in Northern Ireland  Not disclosed
15 January (Q4/18) Kalmar Four rubber-tyred gantry cranes (RTGs) with hybrid drivelines. The order includes the supply of a spare parts package for the machines Exolgan container terminal, Buenos Aires Not disclosed
9 January (Q4/18) MacGregor Deck machinery destined for heavy-duty naval operations US Naval Sea Systems Command (NAVSEA) T-ATSX-class vessel Not disclosed
3 January (Q4/18) Kalmar Four Kalmar SmartPower rubber-tyred gantry cranes (RTGs) equipped with a suite of process automation solutions Norfolk Southern intermodal terminals in USA Not disclosed
21 December (Q4/18) MacGregor Cruise access equipment orders Three European shipyards EUR 22 million
19 December (Q4/18) Kalmar Six Gloria reachstackers Sitrans Servicios Integrados de Transportes Limitada (Sitrans), part of the Ultramar Group, Chile Not disclosed
18 December (Q4/18) MacGregor Hatch cover orders for eight 1,800 TEU containerships Hyundai Mipo Dockyard (HMD) Not disclosed
17 December (Q4/18) Kalmar 41 units of Kalmar TL2 Terminal Tractors SPT Services Sdn Bhd, Malaysia Not disclosed

Other announcements during Q4/2018

On 14 December, Cargotec lowered 2018 guidance for operating profit excluding restructuring costs and expects the operating profit excluding restructuring costs for 2018 to be EUR 235-245 million. Earlier, based on the guidance given on 8 February 2018 Cargotec expected the operating profit excluding restructuring costs for 2018 to improve from 2017 (EUR 258.6 million, IFRS 15 restated).

Weaker profitability development in Hiab and MacGregor has resulted in lower than expected operating profit. Continuing bottlenecks in component supply chain and equipment installation capacity have resulted in extended delivery lead times in certain Hiab product categories and weaker than anticipated product mix. The component shortages have lead also to inefficiency and additional costs in assembly operations.

During the fourth quarter, MacGregor received clearances from both German and South Korean competition regulators for the acquisition of the marine and offshore business of TTS. MacGregor is still waiting for the approvals from the authorities in China, and that is why TTS acquisition is expected to close in Q1 2019. MacGregor earlier announced that it expects to receive all the needed approvals by the end of 2018 and to complete the transaction, according to the agreement, as soon as possible thereafter.

On 7 November, Cargotec announced it had issued Schuldschein loans in the amount of EUR 150 million. The transaction included floating and fixed rate tranches with maturities of 5 and 7 years. The Schuldschein loans were targeted to banks and institutional investors, with the proceeds going towards general corporate purposes, including refinancing and acquisitions.

On 21 December, Cargotec announced it had won its appeal in the USA to dispute a USD 13 million verdict of damages. In October 2016, Cargotec received a verdict of damages of USD 13 million in the USA in a local jury trial in Hempstead, USA. The verdict was related to business acquisition negotiations Cargotec USA had in 2010 and 2011. The negotiations were closed without results. The claim was based on Cargotec allegedly having breached confidentiality obligations related to the negotiations.

On 30 October, Cargotec announced MacGregor and China State Shipbuilding Corporation (CSSC) had signed a Letter of Intent (LOI) on strategic cooperation. MacGregor sees that this cooperation will further strengthen its presence in Asia and specifically in China, the world's biggest shipbuilding market. CSSC is a very important partner for MacGregor, as it is the primary shipbuilding group in China and well positioned as a global leader in the industry. The LOI relates to MacGregor's planned acquisition of the marine and offshore businesses of TTS Group and future cooperation potential between the two groups.

During the quarter, Cargotec announced it had made two major investments to support digitalisation and innovation capabilities. On 20 November, Cargotec announced it will invest EUR 32 million in accelerating the development of digital solutions to secure growth of new digital business. As part of the investment, Cargotec will open a new Digital Solutions Hub in Tampere, Finland. On 22 November, Kalmar announced it had officially inaugurated its new Innovation Centre in Ljungby, southern Sweden. Approximately 200 people will be based at the state of the art facility that has been designed to support new collaborative ways of working with modern architecture and cutting edge technology.

On 27 December, Cargotec announced the change of auditor. The Finnish Patent and Registration Office had designated Markku Katajisto, Authorised Public Accountant, as the company's statutory auditor for the financial year 2018, with the role taking effect immediately. Markku Katajisto will replace Tomi Hyryläinen as the company's auditor, as Tomi Hyryläinen has on 20 December 2018 announced his resignation from this position.

After the change, Cargotec's statutory auditors are PricewaterhouseCoopers Oy, Authorised Public Accountants and Markku Katajisto, Authorised Public Accountant.

On 6 November, Hiab announced it had completed the acquisition of Effer S.p.A. from CTE Group. Signing of the transaction was announced on 31 July 2018.

On 19 December, Cargotec announced it will start to repurchase its own shares. Between 20 and 28 December, a total of 160,000 own shares were repurchased. There was also a purchase of 40,000 shares on 2 January 2019. The total price of the purchases was 5,507,796.00 euros. Cargotec Corporation now holds a total of 419,603 shares including the shares repurchased in December and January. Read more details about the repurchase on Cargotec’s Investors webpage.


Investor activities and events during Q4 2018

During the fourth quarter, Cargotec organised an investor event in Singapore in cooperation with KONE and Kemira. Cargotec hosted its part of the two-day event on 31 October, and the programme consisted of presentations given by Peter Cederholm, President of Bromma and Michel van Roozendaal, President of MacGregor. There was also a visit to PSA Singapore, the second largest container port in the world. Read a blog post of the event, watch video recaps or take a look at the material from the event here.

In addition, Cargotec hosted roadshows in Edinburgh, London, New York, and Toronto.


Consensus

Take a look at the consensus estimates.

Upcoming activities

Come to meet Scott Phillips, new president of Hiab, on 27 February 2019 in Helsinki.

Take a look at our IR calendar for other upcoming events and roadshows in 2019.

 

Material produced in Q4 2018

Cargotec organised an investor event in Singapore in October 2018. In the below videos, MacGregor President Michel van Roozendaal as well as Bromma President Peter Cederholm tell about their businesses. The videos have English subtitles.

Pre-silent newsletter Q3 2018

The third quarter of 2018 is soon coming to its end, and here is a reminder of some highlights of the quarter. Cargotec’s January-September 2018 interim report will be published on Friday, 26 October 2018. The silent period will commence on Friday, 5 October 2018. If you would like to book a call with us before our silent period, please contact Tiina (tiina.aaltonen@cargotec.com).


Cargotec refines its strategy: focus on digitalisation and services continues, emphasis on customer centricity and productivity, financial targets remain unchanged

On 24 September, Cargotec announced its Board of Directors had confirmed the company's refined strategy for 2019-2021. With the business areas, Cargotec will continue to work towards the vision "Becoming the global leader in intelligent cargo handling".

During the current strategy period 2015-2018, the focus has been on leadership, services and digitalisation, and good progress has been made in all three areas. Services and digitalisation will continue to have a key role during the next strategy period, while leadership - still fundamentally important to the company - will now become an integrated part of Cargotec's processes.

In the coming strategy period, the new strategy elements are customer centricity and productivity.

 

Cargotec’s financial information in 2019

Cargotec Corporation will disclose the following financial information in 2019:

  • Financial Statements review 2018, on Friday, 8 February 2019
  • Interim report January–March 2019, on Thursday, 25 April 2019
  • Half year financial report January–June 2019, on Thursday, 18 July 2019
  • Interim report January–September 2019, on Tuesday, 22 October 2019

Cargotec’s Financial Statements 2018 and Annual Report 2018 will be available here on week 8.

Orders announced in Q3/2018

Date (and booking quarter) Business area Description Country/ Customer Value
26 September (Q3/18) Kalmar 12 hybrid straddle carriers, including maintenance and operator training as well as six months of on-site maintenance support DP World Southampton Not disclosed
26 September (Q3/18) MacGregor  Complete hatch cover sets and container fixed fittings for eight 1,800 TEU container ships Hyundai Mipo Dockyard (HMD), in South Korea Not disclosed
7 September Kalmar, Navis Web-based fleet performance solution Bluetracker Zeaborn Ship Management  Not disclosed
6 September (Q3/18) Kalmar Two Kalmar Ship-to-Shore (STS) cranes, including related spare parts Curaçao Port Services B.V. Not disclosed
13 August (Q3/18) Kalmar Three electrically powered rail-mounted gantry cranes (RMGs) with DCT specific customisation Deepwater Container Terminal (DCT) Gdansk Not disclosed
9 August (Q3/18) Kalmar 10 new straddle carriers Hamburger Hafen und Logistik AG (HHLA) Not disclosed

Other announcements during Q3 2018

On 18 September, Cargotec's Board of Directors confirmed the record date and payment date of the second instalment of the dividend. The second instalment of the dividend, which amounts to EUR 0.52 for each class A shares and EUR 0.52 for each class B shares outstanding, will be paid to shareholders who are registered in the shareholders' register maintained by Euroclear Finland Ltd on the record date 20 September 2018. The payment date was confirmed as 27 September 2018.

On 23 August, Cargotec announced Scott Phillips B.Sc. (Industrial Technology), MBA, (b. 1966, US citizen) had been appointed President of Hiab business area as of 1 October 2018. He will be a member of the Cargotec Executive Board and report to CEO Mika Vehviläinen. Scott Phillips joins Cargotec from General Electric where he holds the position of Vice President and CEO Mining.

Roland Sundén, current President of Hiab, will take up a corporate development role in Cargotec as of 1 October, continuing to report to Mika Vehviläinen and as a member of the Cargotec Executive Board.

On 31 July 2018, Cargotec announced Hiab had entered into an agreement to acquire the Effer loader cranes business from the CTE Group for an enterprise value of EUR 50 million. Effer, founded in 1965, has over 50 years' experience in developing and manufacturing knuckle-boom cranes, with its product range encompassing truck cranes with a 3 to 300 tm lifting capacity, special application truck cranes, and marine cranes. Effer S.p.A. is headquartered in Minerbio, Italy and has approx. 400 employees.

The acquisition is subject to regulatory approvals expected to be received in the second half of 2018. Effer's results will be consolidated into Hiab from the closing date.

On 19 July 2018, Cargotec announced it will start to repurchase its own shares. Between 20 and 26 July, a total of 150,000 own shares were repurchased. Cargotec Corporation now holds a total of 219.603 shares including the shares repurchased in July. Read more details about the repurchase on Cargotec’s Investors webpage.

 

New product launches in Q3 2018

On 13 September, Hiab introduced the upgraded JONSERED recycling crane range for heavy-duty recycling.

On 10 September, Hiab introduced new, pioneering building material crane models to strengthen its loader crane portfolio.

On 4 September, MacGregor introduced a new breakbulk cargo stowage solution, the Breakbulk Optimiser, which enables operators to rapidly and optimally plan the stowage of many different cargoes, increasing vessel utilisation rates significantly and therefore improving business performance.

 

Investor activities and events during Q3 2018

During the third quarter, Cargotec attended the SEB Industrial and technology seminar in Stockholm and Credit Suisse Industrial conference in London. Take a look at the material from these events at Cargotec’s webpage.

In addition, we hosted roadshows in Hong Kong, Tokyo, Singapore, and London.

Take a look at these contents on our website

Read our latest IR blog Reflections from Cargotec IR roadshow in Asia - US equities considered "safe investments" by some Asian investors, written by Hanna-Maria Heikkinen, VP, Investor relations.

Cargotec attended Finnish SijoitusSummit 2018 in August. Watch the interview with CFO Mikko Puolakka about Cargotec as an investment (in Finnish). https://sijoitussummit.fi/haastattelut/cargotec-mikko-puolakka

 

Consensus

Take a look at the latest consensus estimates.

 

Upcoming activities

On 30-31 October, we will organize Finnish Industrial Days together with Kemira and KONE in Singapore.

Site visit to the production facilities of Hiab and Kalmar in Stargard Szczecinski, Poland will be organized during March 2019. More information will follow.

Take a look at our IR calendar for other upcoming events and roadshows.

Q2/2018 pre-silent newsletter

The second quarter of 2018 is soon coming to its end, and we would like to remind you of some highlights of the quarter. Cargotec’s January-June 2018 half year financial report will be published on Thursday, 19 July 2018. The silent period will commence on Thursday, 28 June 2018. If you would like to book a call with us before our silent period, please contact Milla (milla.parviainen@cargotec.com).

Announced orders during Q2 2018

Date (and booking quarter) Business area Description Country/ Customer Value
19 June (Q2/18) Kalmar Two Kalmar rail-mounted gantry (RMG) cranes with remote control and extensive customisation Rotterdam Short Sea Terminals (RST)  Not disclosed
8 June (Q2/18) Kalmar, Navis State-of-the-art, fully automated intermodal terminal solution. The order includes the supply of the OneTerminal solution comprising Kalmar's automated train handling, automated yard crane and automated horizontal transportation equipment and the Navis N4 terminal operating system (TOS) Qube's Moorebank Logistics Park (MLP) in south-western Sydney Approx. EUR 80 million
4 June (Q2/18) Kalmar Comprehensive upgrade of one of the terminal's ship-to-shore (STS) cranes The Bristol Port Company Not disclosed
24 May (Q2/18) Kalmar Fully autonomous equipment, software and services for a unique, fully digitalised container handling solution at Yara's Porsgrunn facility Yara,Norway Not disclosed

 

Other announcements during Q2 2018

On 9 May, Cargotec announced it had signed an agreement with JCE Invest AB to establish a joint venture, Bruks Siwertell Group, specialised in dry bulk handling. The new joint venture will own Siwertell AB (previously part of Kalmar Business Area within Cargotec) and BRUKS Holding AB (previously part of JCE Group). Cargotec will own 48% of the shares in Bruks Siwertell Group, and JCE Invest AB will own the rest, 52%. The transaction was signed and closed on 9 May 2018. In 2017, revenues of Siwertell were SEK 582 million, and revenues of BRUKS were SEK 707 million.

On 24 April, MacGregor and China State Shipbuilding Corporation's (CSSC) Nanjing Luzhou Machine Co., Ltd. (LMC) celebrated the opening of their first joint venture in Nanjing, China on April 10. The joint venture's business model and organisational structure were developed during 2017, and the business license was obtained in March 2018.

On 12 June, Cargotec announced that cargo handling industry increasingly explores cloud-based, collaborative data sharing platforms to provide real-time visibility and connectivity required to improve efficiency and productivity. The study, conducted by Navis and XVELA, was based on a survey of 250 shipping industry executives and professionals from members of the global container supply chain.

On 17 May, Kalmar announced committing to having Kalmar's full offering available as electrically powered versions by 2021. Kalmar is committed to reduce emissions in cargo and material handling operations by fostering eco-efficient technologies. The target is in line with Cargotec's sustainability roadmap announced in 2016.

 

New product launches in Q2 2018

On 19 June, Kalmar introduced its first application key for Kalmar Key, the terminal industry's only automation platform with open interfaces.

On 12 June, Kalmar introduced an eco-efficient reachstacker with a Fuel Saving Guarantee to customers.

On 14 May, Hiab announced it had launched its renewed HIAB light range loader cranes with a capacity from 4 to 11 tonne meters.

On 2 May,  Kalmar introduced an electric version of its popular Kalmar Ottawa T2 terminal tractor to help customers cut emissions and improve productivity.

On 24 April, Kalmar announced it will introduce an automated guided vehicle (AGV) solution, Kalmar FastCharge (TM) AGV, for transporting containers between quayside and landside operations.

On 11 April, Hiab launched the MOFFETT M5 NX Truck mounted forklift. The MOFFETT M5 NX is the ideal machine for medium to heavy-duty tasks, with an efficient power to weight ratio.

 

Investor activities and events during Q2 2018

Cargotec’s investor relations organised an investor day with MacGregor’s president Michel van Roozendaal and Head of sustainability Karoliina Loikkanen in May. We also attended Kepler Mid Cap Days in Paris, Handelsbanken conference in Stockholm, Oddo Environment Forum for ESG investors in Paris as well as Carnegie ESG seminar in Helsinki. Take a look at the material from these events at Cargotec’s webpage.

In addition, we hosted roadshows in Copenhagen, New York, Chicago, Boston, Milan, and London. In June, a Q&A session with CEO Mika Vehviläinen for sell-side analysts was organised in Helsinki.

 

Take a look at these contents on our website

Sustainability provides great opportunities for Cargotec - but how exactly? Find it out by reading the IR blog about sustainability.

Read the blog post Journey towards a new MacGregor to understand better MacGregor’s business and future prospects. 

Q1/2018 pre-silent newsletter

The first quarter of 2018 is soon coming to its end, and we would like to remind you of some highlights of the quarter. Cargotec’s January-March 2018 interim report will be published on Tuesday, 24 April 2018. The silent period commenced on Tuesday, 3 April 2018.

 

Orders announced in Q1 2018

 

Date
(and booking quarter)

Business area

Description

Country / customer

Value

 4 April

 MacGregor

 Upgrading and optimising the container stowage systems on board seven Hapag-Lloyd C-class (Samsung 9,300 TEU series) container vessels

 Hapag-Lloyd

 Not disclosed

27 March (Q1/18)

Kalmar

Total of five electrically powered rubber-tyred gantry cranes (RTGs) with extensive customisation, including also the supply of a spare parts package for the machines

Poland

Not disclosed

15 March

Kalmar, Navis

Subscription agreement with Cosco Shipping Ports Ltd. (CSP) for the Navis N4 terminal operating system (TOS)

-

Not disclosed



Annual General Meeting 2018

 The Annual General Meeting 2018 was arranged on 20 March in Helsinki. The AGM approved a dividend of EUR 1.04 be paid for each of class A shares and a dividend of EUR 1.05 be paid for each of class B shares outstanding. The dividend shall be paid in two instalments, in March and September 2018. All current 10 board members were re-elected to the Board of Directors.

Read the decisions taken in the Annual General Meeting here.

The presentation given by Cargotec’s CEO Mika Vehviläinen can be viewed here. Here is a link to video recording of CEO presentation (in Finnish). English version will be published by latest next week.

 

Other announcements during Q1 2018

On 20 February, Cargotec published its 2017 annual report and financial statements. You can read the reports on Cargotec’s Investors website.

On 8 February, MacGregor announced the acquisition of marine and offshore business from TTS Group for an enterprise value of EUR 87 million. Based on preliminary estimates, potential cost synergies are estimated to be around EUR 30-35 million on annual level and are expected to be reached within 3 years from closing. You can access a presentation about TTS acquisition here.

On 8 February, Cargotec’s Board of Directors resolved on incentive programme’s performance criteria for the share-based incentive programme for the year 2018.

On 5 February, MacGregor announced it had completed the acquisition of Rapp Marine Group (RMG) to strengthen its offering for the fishery and research vessel segment. MacGregor announced to acquire Rapp Marine in December 2017 for an enterprise value of approximately EUR 16 million.

On 30 January, Cargotec opened its new global Cargotec Business Service (CBS) centre in Sofia, the capital of Bulgaria. The aim with CBS is to build more streamlined common business services to improve efficiency, economies of scale and visibility. CBS will also enable the business areas more free time and resources to focus more on growth and innovation.

On 12 January, Cargotec announced it had defined its sustainability targets for 2018. Cargotec's focus in 2018 will be on increasing safety awareness, setting a new sustainability standard for the supply chain, increasing the usage of renewable electricity, and ensuring that human rights-related company practices and processes are at the correct level.

 

Investor activities and events during Q1 2018

Cargotec’s investor relations attended SEB conference in Copenhagen and Carnegie Capital Goods Conference in Stockholm.

In addition, we hosted roadshows in London, Genova, Oslo, and Frankfurt. CEO breakfast for sell-side analysts was also organised in London. We also hosted an event for Finnish financial bloggers in Helsinki.

 

Remember these contents on our website


Have you already read the IR blog posting: Cargotec - one of Finland’s largest publicly listed software companies?

IR-podcasts, events in an audio format.

Consensus

 Take a look at the latest consensus estimates.

 

Upcoming activities

We will host an event with MacGregor’s management on 21 May in Helsinki. Furthermore, the site visit to the production facilities of Hiab and Kalmar in Stargard Szczecinski, Poland will be organized during autumn. More information and registration will follow soon.

Mark your calendar already: In 30-31 October, we will organize Finnish Industrial Days together with Kemira and KONE in Singapore.

Take a look at our IR calendar for other upcoming events and roadshows.




 

 

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