menu

Our businesses:

{{displayStock}}

Reports & presentations

Financial statements review 2023

Release Presentation Teleconference Webcast

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 Q4/2023 (10 January 2024)

As our silent period is about to start, we would like to highlight some of the most notable events of the fourth quarter of 2023. Cargotec’s financial statements review 2023 will be published on Thursday, 1 February 2023, and the silent period starts on Thursday, 11 January 2024.

Cargotec's financial information in 2024

Cargotec will disclose the following financial information in 2024:

  • Financial Statements review 2023, on Thursday, 1 February 2024
  • Interim report January–March 2024, on Tuesday, 30 April 2024
  • Half year financial report January–June 2024, on Thursday, 8 August 2024
  • Interim report January–September 2024, on Wednesday, 23 October 2024

Cargotec's Financial Statements 2023 and Annual Report 2023 will be available at www.cargotec.com on week 8.

The Annual General Meeting of Cargotec Corporation will be held on Thursday, 30 May 2024.

Cargotec is planning a separation of Kalmar and Hiab

In April, Cargotec announced that the Board of Directors of Cargotec has 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. The Board of Directors of Cargotec estimates that the separation of Kalmar and Hiab could unlock shareholder value by allowing both businesses to pursue sustainable profitable growth opportunities independently.

The Board decided in August to establish a new Demerger Committee to oversee the preparations for listing readiness and corporate governance matters for the potential standalone Kalmar. In November, Cargotec announced that the Board of Directors has decided that Jaakko Eskola will act as the Chair of The Demerger Committee. The Demerger Committee will consist of Jaakko Eskola, Teresa Kemppi-Vasama and Tapio Kolunsarka going forward.

On 9 November 2023, Cargotec's Board of Directors appointed Sami Niiranen (M.Sc. Mining), born 1972, as the President of Kalmar as of May 2024 at the latest. Sami Niiranen will also become a member of the Cargotec Leadership team and, if the demerger is pursued, he shall also be proposed as the President and CEO of the proposed standalone Kalmar. Cargotec’s President and CEO Casimir Lindholm will hold his interim position as Kalmar President until Sami Niiranen has started in his position.

Announced orders in Q4 2023

Date (booking quarter)9 January (Q4/23)
Business area: Kalmar
Description: 20 Kalmar hybrid straddle carriers, Kalmar Insight performance management tool to all machines
Country/Customer: Uruguay/Katoen Natie
Value: Not disclosed (major order)

Date (booking quarter)8 January (Q4/23)
Business area: Kalmar
Description: four heavy electric forklift trucks, two electric reachstackers, three heavy terminal tractors, Kalmar Insight fleet performance management tool
Country/Customer: Norway/Wallenius Wilhelmsen
Value: Not disclosed (large order)

Date (booking quarter)22 December (Q4/23)
Business area: MacGregor
Description: design, hardware and supply for hatch covers, lashing bridges, deck stanchions, fixed and removable cell guides in hold and container fixed fittings for three 1,822 FEU sized container carriers
Country/Customer: US / SM Solution/Philly Shipyard
Value: Not disclosed (significant order)

Date (booking quarter)18 December (Q4/23)
Business area: Kalmar
Description: 12 Kalmar empty container handlers and a six-year Kalmar Complete Care service contract
Country/Customer: Netherlands/Star Container Services B.V.
Value: Not disclosed (large order)

Date (booking quarter)8 December (Q4/23)
Business area: MacGregor
Description: comprehensive packages of RoRo equipment for an additional four multi-fuel and zero-carbon ready Aurora class PCTCs 
Country/Customer: Norway/Höegh Autoliners
Value: Not disclosed (significant order)

Date (booking quarter)22 November (Q4/23 and Q3/23)
Business area: Kalmar
Description: 17 Kalmar Essential reachstackers (total order size is 21 machines)
Country/Customer: Brazil/Brasmaq Portuaria
Value: Not disclosed (large order)

Date (booking quarter)16 November (Q4/23)
Business area: MacGregor
Description: comprehensive packages of RoRo equipment for two PCTC vessels
Country/Customer: Not disclosed
Value: Not disclosed (significant repeat order)

All announced orders

Other releases from Q4

In December, Cargotec announced that the Board of Directors of Cargotec Corporation has resolved to establish a new share-based incentive programme directed to the key employees of Cargotec. The performance share programme includes calendar years 2024–2026 as a performance period. The programme is targeted to approximately 100 selected key employees, including the members of Cargotec Leadership Team.

In December, Kalmar announced that it will start producing its electric reachstacker and Essential forklift truck range at its Shanghai manufacturing plant. The production launch was celebrated on 6 December.

In November, Hiab announced the introduction of HiPerform™, a suite of smart solutions to maximise the Hiab equipment lifecycle value by optimising the performance and productivity of operators, equipment and fleets. HiPerform is the umbrella brand for a range of smart solutions.

Also in November, Hiab launched two new MULTILIFT hooklifts, the versatile heavy-duty MULTILIFT Ultima 28Z and MULTILIFT Ultima ZERO. Both solutions are made with low-emission recycled steel, helping customers reduce carbon emissions in their operations.

All releases

Before the silent period: CFO Mikko Puolakka answers frequently asked questions

Cargotec hosted its Q4/2023 pre-silent call on 8 January 2024. In this video, Cargotec's CFO Mikko Puolakka answers the most frequent questions received from investors and analysts during the last quarter of 2023. Martti Henttunen from Cargotec's IR team interviews.

Meet us in 2024!

The year 2023 was full of insightful meetings and events. Road shows and investor conferences took us to Norway, the UK and USA, Belgium, Denmark, Netherlands, France and Sweden, and we hosted several investor visits and calls at our headquarters in Helsinki, Finland. We are available for virtual and hybrid meetings and events also in 2024!

An up-to-date listing of the conferences and events we participate in is available on our IR calendar. Please note though that the schedule is preliminary and subject to change. 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 on the Cargotec website

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

Consensus

Have a look at the latest VARA consensus estimates.

 

2023 pre-silent newsletters

Pre-silent newsletter Q3/2023 (5 October 2023)

As our silent period is about to start, we would like to highlight some of the most notable events of the third quarter of 2023. Cargotec’s interim report January-September 2023 will be published on Thursday, 26 October 2023, and the silent period starts on Thursday, 5 October 2023.

Cargotec is planning a separation of Kalmar and Hiab

In April, Cargotec announced that the Board of Directors of Cargotec has 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. The Board of Directors of Cargotec estimates that the separation of Kalmar and Hiab could unlock shareholder value by allowing both businesses to pursue sustainable profitable growth opportunities independently.

In August, Cargotec announced that Pekka Ala-Pietilä has been proposed as the Chair of the Board of the potential separately listed standalone Kalmar. Until the consummation of the proposed demerger, Pekka Ala-Pietilä will serve as consultant for Cargotec to assist in forming of standalone Kalmar. In addition, the Cargotec Board proposes that current Board members Teresa Kemppi-Vasama and Tapio Kolunsarka would be elected as members of the Board of standalone Kalmar upon the completion of the contemplated demerger.

Also, to strengthen the leadership at Kalmar, Michel Van Roozendaal has stepped down from the position of the President of Kalmar and as member of Cargotec Leadership Team. Cargotec's President and CEO Casimir Lindholm acts as interim President of Kalmar until the search for a permanent CEO of Kalmar has been completed.

Announced orders in Q3 2023

Date (booking quarter): 29 September (Q3/23)
Business area: MacGregor
Description: design and deliver the key components consisting of external and internal ramps, covers, electrically operated doors, and liftable car decks, as well as installation support for two of the world's first methanol-fueled Pure Car and Truck Carriers (PCTC)
Country/Customer: China/China Merchant Energy Shipping
Value: Not disclosed (large order)

Date (booking quarter): 28 September (Q3/23)
Business area: Kalmar
Description: six Kalmar hybrid straddle carriers
Country/Customer: Netherlands/Rotterdam Short Sea Terminals
Value: Not disclosed (large order)

Date (booking quarter): 20 September (Q3/23)
Business area: MacGregor
Description: 40 general cargo cranes for ten 84,500 dwt multipurpose vessels
Country/Customer: Not disclosed
Value: More than EUR 25 million

Date (booking quarter): 27 July (Q3/23)
Business area: Kalmar
Description: Ten Kalmar hybrid straddle carriers
Country/Customer: Australia/Patrick Terminals
Value: Not disclosed (significant order)

All announced orders

Other releases from Q3

In August, Kalmar announced that it has signed an agreement to acquire the product rights of the electric terminal tractor product line from Lonestar Specialty Vehicles (LSV) in the United States. Lonestar Specialty Vehicles, headquartered in Texarkana, Texas, is specialized in the development and manufacturing of turnkey electric vehicle solutions for the commercial vehicle market.

In August, Cargotec announced that it had completed share repurchases announced in July. Cargotec now holds 407,043 own shares including the shares repurchased. In July, Cargotec announced that the Board of Directors has decided to exercise the authorisation of the Annual General Meeting on 23 March 2023 to repurchase the company's own shares. Cargotec will repurchase 400,000 class B shares to be used as reward payments for Cargotec's share-based incentive programmes. The shares will be purchased at public trading on Nasdaq Helsinki Ltd. at the market price.

All releases

Before the silent period: CFO Mikko Puolakka answers investor questions

Cargotec hosted its Q3/2023 pre-silent call on 4 October. In this video, Cargotec's CFO Mikko Puolakka answers the most frequent questions received from investors during July–September 2023. Martti Henttunen from Cargotec's IR team interviews.

Meet us in Q4!

The third quarter was full of insightful meetings and events. During the third quarter, road shows and investor conferences took us to the Norway, the UK, Belgium, Netherlands, France and Sweden, and we have also hosted investor visits at our headquarters in Helsinki, Finland. We are also available for virtual and hybrid meetings and events.

In Q4, you can meet us at roadshows in North America, London and in Paris, at an investor seminar in Copenhagen, and also at a virtual roadshow.

Please note that the schedule is preliminary and subject to change. You will always find the up-to-date listing of the conferences and events from our IR calendar. Please reach out to us to set up a meeting! Do not hesitate to contact Heidi at heidi.gustafsson(at)cargotec.com to agree on the details.

IR calendar on the Cargotec website

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.

 

Pre-silent newsletter Q2/2023 (20 June 2023)

As our silent period is about to start, we would like to highlight some of the most notable events of the second quarter of 2023. Cargotec’s half year report January-June 2023 will be published on Thursday, 20 July 2023, and the silent period starts on Thursday, 29 June 2023.

Cargotec is planning a separation of Kalmar and Hiab

In April, Cargotec announced that the Board of Directors of Cargotec has 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. Based on the initial assessment, the Board of Directors of Cargotec has estimated that the separation of Kalmar and Hiab could unlock shareholder value by allowing both businesses to pursue sustainable profitable growth opportunities independently.

Announced orders in Q1 2023

Date (booking quarter): 6 June (Q2/23)
Business area: Kalmar
Description: Four Kalmar hybrid straddle carriers
Country/Customer: New Zealand/The Port of Tauranga
Value: Not disclosed (large order)

All announced orders

Other releases from Q2 2023

In May, Cargotec announced that its SSAB partnership is progressing to the next level with the introduction of SSAB Zero™, a fossil carbon emission-free recycled steel, to the cargo and load handling industry. Cargotec plans to gradually start using this steel in its products this year. The collaboration on SSAB Zero™ is a natural next step where Cargotec and SSAB continue their work together to reduce impact on climate in cargo and load handling solutions. The partnership has already resulted in the introduction of the world’s first load-handling equipment, a MULTILIFT hooklift, made with fossil-free steel.

In April, Cargotec announced that it has changed the definition of the alternative performance measure comparable operating profit and discloses figures in accordance with the new definition for the comparison periods 2020, 2021 and 2022. The restated comparable operating profit will also include the impacts of the purchase price allocation, which amounted to EUR 16 million in 2022. Comparison figures have been calculated based on the new definition, which is identical to the definition used prior to the previous change in 2021. Outlook for 2023 remains unchanged. All figures are available in a table form on the 4 April 2023 release linked above.

Also in April, Cargotec announced that the Board of Directors has decided to establish a new share-based incentive programme for the Group key employees. The reward from the new Restricted Share Unit Programme 2023–2025 is conditional on the achievement of strategic goals set by the Board of Directors. In addition, the reward is based on a valid employment or service and the continuity of the employment or service. The reward is paid in the beginning of 2025.

All releases

Before the silent period: CFO Mikko Puolakka answers investor questions

Cargotec hosted its Q2/2023 pre-silent call on 19 June. In this video, Cargotec's CFO Mikko Puolakka answers the most frequent questions received from investors during April–June 2023. Nicole Gustafsson from Cargotec's IR team interviews.

Meet us in Q3!

The quarter was full of exciting meetings and events. During the second quarter, road shows and investor conferences took us to the US, the UK, France, Germany and Sweden, and we have also hosted investor visits at our headquarters in Helsinki, Finland. We are also available for virtual and hybrid meetings and events.

In Q3, you can meet us at following events:

- 21 July, virtual roadshow by Danske Bank
- 23 August, half year result lunch by OP Financial Group
- 29 August, roadshow by DNB, Oslo/Norway
- 7 September, Morgan Stanley Industrial CEOs Unplugged, London/UK
- 13 September, Kepler Cheuvreux Autumn Conference 2023, Paris/France
- 19 September, roadshow by Nordea, London/UK
- 20–21 September, roadshow by DNB, Belgium and the Netherlands

Please note that the schedule is preliminary and subject to change. You will always find the up-to-date listing of the conferences and events from our IR calendar. Please reach out to us to set up a meeting! Do not hesitate to contact Heidi at heidi.gustafsson(at)cargotec.com to agree on the details.

IR calendar on the Cargotec website

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.

 

Pre-silent newsletter Q1/2023 (6 April 2023)

As our silent period is about to start, we would like to highlight some of the most notable events of the first quarter of 2023. Cargotec’s interim report January-March 2023 will be published on Thursday, 27 April 2023, and the silent period starts on Thursday, 6 April 2023.

Cargotec Investor Event on Eco portfolio and taxonomy was held on Monday 3 April, recording and material available below!

Cargotec had the pleasure to invite analysts, investors and media to join Cargotec’s Eco portfolio and taxonomy investor event on Monday 3 April 2023. The event was a success, with around 30 participants attending the event either virtually or in Helsinki.

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 recording of the event can be viewed at https://cargotec.videosync.fi/2023-eco-portfolio and all materials, including event slides and presentations are available at www.cargotec.com/eco2023.

Cargotec’s comparable operating profit for 2020, 2021 and 2022 in accordance with the new definition

 

Cargotec changed the definition of the alternative performance measure comparable operating profit and discloses figures in accordance with the new definition for the comparison periods 2020, 2021 and 2022.

The restated comparable operating profit will also include the impacts of the purchase price allocation, which amounted to EUR 16 million in 2022. Of these items, EUR 1 million were related to Kalmar, EUR 3 million to Hiab, and EUR 12 million to MacGregor. Comparison figures have been calculated based on the new definition, which is identical to the definition used prior to the previous change in 2021. Outlook for 2023 remains unchanged.

All figures in table form are available from the stock exchange release published on 4 April 2023.

Figures in accordance with the new definition for the comparison periods are unaudited.

Announced orders in Q1 2023

Date (booking quarter): 5 April (Q1/23)
Business area: MacGregor
Description: comprehensive packages of RoRo equipment for five PCTC vessels.
Country/Customer: Italy/Grimaldi Group
Value: more than 20 MEUR

Date (booking quarter): 30 March (Q1/23)
Business area: MacGregor
Description: RoRo equipment packages for two dual-fuel LNG PCTC vessels
Country/Customer: Switzerland/Sallaum Lines
Value: Not disclosed (large order)

Date (booking quarter): 20 February (Q1/23)
Business area: Kalmar
Description: 8 Kalmar Eco reachstackers with a fuel saving guarantee
Country/Customer: Italy/PSA Italy
Value: Not disclosed (large order)

Date (booking quarter): 15 February (Q1/23)
Business area: MacGregor
Description: RoRo-equipment for 2 8000 LM vessels
Country/Customer: Built in South Korea for CLdN/Luxembourg
Value: Not disclosed (significant order)

Date (booking quarter): 7 February (Q1/23)
Business area: Kalmar
Description: 9 Kalmar hybrid straddle carriers
Country/Customer: Belgium/DP World
Value: Not disclosed (significant order)

All announced orders

Other releases from Q1 2023

In January, Cargotec published that the Board of Directors appointed Casimir Lindholm (M.Sc. (Econ.), MBA), b. 1971, as Cargotec's new President and CEO, a role which Lindholm started on 1 April 2023. The announcement comes after former CEO Mika Vehvilainen announced his intention to retire from Cargotec's CEO position during 2023.

Mr. Lindholm has held CEO positions both in Eltel and Lemminkäinen and many board memberships, bringing a wealth of experience to Cargotec. Casimir Lindholm has been a member of Cargotec's Board of Directors since 2021, and due to his appointment, he was no longer available for re-election in Cargotec’s AGM held on 23 March 2023.

“I’m honored and excited to be leading Cargotec at such a pivotal moment in the company’s history, with a strong foundation and a clear vision into its next development phase of growth as we have communicated before. With a talented team, a strong portfolio of businesses with decision making close to customers, and a commitment to sustainability and profitable growth, I believe that the company is in an excellent position to create value by empowering our businesses even further in the years to come,” says Casimir Lindholm.

In February, Cargotec's Annual Report 2022 and financial statements for the financial year 2022 was published in English and Finnish.

The Annual Report 2022 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. Cargotec also reports the eco portfolio sales, in accordance with the revised criteria, for the first time. More information on these can be found from the release, where also the whole report is attached.

In March, the Annual General Meeting of Cargotec Corporation was held in Helsinki on Thursday, 23 March 2023. The AGM decided in line with the Board's proposals. Information about the AGM and the decisions made can be found at Cargotec's investor pages.

All releases

Before silent period: CFO Mikko Puolakka answers investor questions

Cargotec hosted its Q1/2023 pre-silent call on 4 April. In this video, Cargotec's CFO Mikko Puolakka is interviewed by Atte Leskinen from Cargotec's Investor Relations, with most frequent questions received from investors during the first months of 2023.

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.

What do you think of the site?