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Browse all Cargotec’s investor publications in this section. In case you need additional information, please contact Cargotec Investor Relations team.
This section contains Cargotec's IR newsletters, mainly published quarterly before the three-week silent period. You can find the most recent letter below.
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.
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.
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)
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.
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.
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
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.
Have a look at the latest VARA consensus estimates.
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 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 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)
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.
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.
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.
Have a look at the latest VARA consensus estimates.
