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Reports & presentations

January–March 2021 interim report

Release Teleconference Webcast Presentation material

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 Q1/2021

The first quarter of 2021 is soon behind us, and we would like to remind you of some of the quarter's most important events. Cargotec’s interim report January-March 2021 will be published on Wednesday, 28 April 2021, and the silent period will commence on Wednesday, 7 April 2021. If you would like to book a call with us before our silent period, please contact Tiina (tiina.aaltonen@cargotec.com).

Cargotec’s financial information in 2021

Cargotec Corporation will disclose the following financial information in 2021:

  • Annual General Meeting, on Tuesday, 23 March 2021
  • Interim report January-March 2021, on Wednesday, 28 April 2021
  • Half year financial report January-June 2021, on Wednesday, 28 July 2021
  • Interim report January-September 2021, on Thursday, 28 October 2021

Orders announced in Q1/2021

Date (and booking quarter) Business area Description Country/ Customer Value
15 March (Q1/21) Kalmar 11 reachstackers, four empty container handlers and 12 heavy terminal tractors YILPORT Holding Inc. Not disclosed
11 March (Q1/21) MacGregor Wide range of electrically operated equipment, quarter stern ramps and doors, side ramps and doors, internal ramps and covers, internal doors, a liftable car deck, and the patented Load Monitoring System Japan/Nippon Yusen Kaisha (NYK Line) Not disclosed
9 March
(Q1/21)
Kalmar 12 fully automated AutoStrad™ straddle carriers Australia/Patrick Terminals Not disclosed
8 March (Q1/21) Kalmar 2 rubber-tyred gantry cranes (RTGs), 3 reachstackers, 2 empty container handlers, 6 terminal tractors Laos/Sitthi Logistics (Thailand) Co., Ltd. Not disclosed
24 February (Q1/21) Hiab 100 HIAB loader cranes UK/MV Commercial over EUR 5.7 million
17 February (Q1/21) Kalmar 10 hybrid straddle carriers Netherlands/Hutchison Ports ECT Rotterdam Not disclosed

All announced orders

Other announcements

On 24 February, we announced that Cargotec Corporation's Board of Directors has decided to exercise the authorisation of the Annual General Meeting on 27 May 2021 to repurchase company's own shares. Cargotec will repurchase 75,691 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. The repurchases started on 25 February 2021.

On 4 February, we announced that the Board of Directors has resolved on the performance criteria for the share-based incentive programme for the year 2021. The performance share programme, approved by the Board of Directors in 2020, includes three performance periods, calendar years 2020–2022, 2021–2023 and 2022–2024. Each performance period includes one to three measuring periods.

On 28 January, we announced that Cargotec has closed the syndication regarding an EUR 300 million Term Loan Facility. The syndication was launched on the 30th November 2020 and the commitments received from the banks in the syndication led to significant oversubscription.

On 12 January, we announced that MacGregor concluded a settlement agreement on the TTS marine and offshore businesses purchase price.The settlement amount will have an approximately EUR 7 million positive impact on MacGregor’s first quarter 2021 operating profit.

2020 annual report provides extensive material from throughout the year

Cargotec's annual report 2020 and financial statements for the financial year 1 January–31 December 2020 was published in February. The report consists of the annual review, financial review, corporate governance statement and remuneration report.

Along with the annual report, we have collected other interesting 2020-related stories under one roof at the address www.cargotec.com/2020. Stories cover topics like strategy progress and business area activities in 2020, and our response to COVID-19 pandemic, among others.

CEO Mika Vehviläinen reviews the year 2020 (video)

Sustainability IR event held in March

Cargotec's Investor Relations arranged a sustainability presentation for analysts in early March. In the event, Päivi Koivisto, Cargotec's VP Sustainability, and Noora Jukkola, Manager Sustainability, presented Cargotec's sustainability approach, covered current topics like taxonomy and governance, and answered questions from the audience.

Watch a recording of the event

Our most recent videos - AGM, business areas, service business

We created several videos during the first quarter. Have a look at the pre-recorded Annual General Meeting reviews from our Chairman of the Board of Directors, Ilkka Herlin, and CEO Mika Vehviläinen. Below please also find links to videos where our business area presidents summarise their business area performances in 2020, and our service business leaders present their views on their respective businesses.

Other activities and events during Q1 2021

During Q1, our investor meetings have been virtual meetings where we have convened online and shared material virtually. Joining the IR staff, our CEO Mika Vehviläinen and CFO Mikko Puolakka have provided insights and knowledge about Cargotec, its business areas, and the business environment.

While the coronavirus situation prevails, we continue with high safety standards, following the regulatory travel and social restrictions. We thank you for your support and appreciate the positive feedback we have received about the meetings.

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

Take a look at these contents on our website

In our IR blog section, VP IR Hanna-Maria Heikkinen writes about investor relations in the WSB era: who has the right to give recommendations and who should retail investors listen to? Read also about the most frequently asked Q4 2020 questions, and many other stories.

Cargotec maintains a list with all mergers and acquisitions as well as divestments on the investor webpage - take a look at it here.

Cargotec’s investor relations offers a podcast channel in Finnish and English, listen to it here. Both Finnish and English podcasts are also available on iTunes.

Consensus

Take a look at the latest Vara consensus estimates.

Q4/17 pre-silent newsletter

The fourth quarter of 2017 has ended, and we would like to remind you of some highlights of the quarter. Cargotec’s financial statements review 2017 will be published on 8 February 2018. The silent period will commence on 18 January 2018. If you would like to book a call with us before that, please contact Tiina (tiina.aaltonen@cargotec.com).

Orders announced during Q4 2017

Date
(and booking quarter)

Business unit

Description

Country / customer

Value

18 Dec (Q4/17)

Kalmar

Four automated straddle carriers and an emulation system

Germany

Not disclosed

11 Dec (Q4/17)

Kalmar

12 Classic Straddle Carriers

Russia

Not disclosed

4 Dec
(Q3 & Q4/17)

MacGregor

Orders to optimise the container carrying capabilities of 31 MSC Mediterranean Shipping Company vessels

Mediterranean shipping company

Not disclosed

23 Nov
(Q3 & Q4/17)

Kalmar

Two rail-mounted gantry cranes (RMGs) for intermodal operation

Spain

Not disclosed

22 Nov (Q4/17)

MacGregor

Fabrication, engineering and project management of a complete subsea mooring and riser system

Bangladesh-based company

Not disclosed

13 Nov (Q4/17)

Kalmar

Ten Kalmar Rough Terrain Container Handlers (RTCH)

North America

Approx. EUR 10 million

8 Nov (Q4/17)

Kalmar

Xvela collaborative stowage solution

Ocean Network Express

Not disclosed

2 Nov (Q4/17)

Kalmar

Siwertell ST 490-M ship unloader

Norway

Not disclosed


Other announcements during Q4 2017

On 21 December, Kalmar signed an agreement to acquire the port services business of Inver Engineering in Australia. Inver Port Services sales account for approximately EUR 5 million and it employs 23 people.

On 21 December, MacGregor signed an agreement to acquire Rapp Marine Group (RMG) in order to strengthen its offering for the fishery and research vessel segment. The enterprise value of the acquisition was approximately EUR 16 million. Rapp Marine Group’s sales in 2017 is estimated to be approximately EUR 40 million, of which approximately 30% is related to services.

On 29 November, Kalmar announced the introduction of new essential range of reachstackers, empty container handlers and forklifts and TL2 terminal tractor in Asia-Pacific region.

On 9 November, MacGregor announced a plan to achieve annual cost savings of approximately EUR 13 million. According to preliminary estimates, the planned efficiency improvement actions may lead to the reduction of approximately 190 employees globally.

On 9 October, Cargotec announced its financial calendar for 2018. The dates for result publications are:

-    Financial Statements review 2017, on Thursday, 8 February 2018
-    Interim report January-March 2018, on Tuesday, 24 April 2018
-    Half year financial report  January-June 2018, on Thursday, 19 July 2018
-    Interim report January-September 2018, on Friday, 26 October 2018


Investor activities and events during Q4 2017

Cargotec’s investor relations organised an investor day for Hiab on 1 December in Helsinki. The event included presentations by Hiab’s President Roland Sundén, CFO Simon Greaves, Services VP Anna Almlöf as well as New Business Solutions VP Jan-Erik Lindfors. Take a look at the presentation material, webcast, interviews with Hiab’s management as well as the IR blog posting about the event.

In addition to the Hiab Investor Day, we hosted roadshows in London, Edinburgh, Amsterdam, Singapore, Hong Kong, Tokyo, Chicago and New York. CFO lunch, targeted to sell-side analysts, was also organised in Helsinki.


New content on the website

Announced orders are available here

M&A history in new format

Have you already visited the IR video gallery?


Consensus

Take a look at the latest consensus estimates.


Upcoming activities

We will host a site visit to the production facilities of Hiab and Kalmar in Stargard Szczecinski, Poland, on 28 March 2018. The Annual General Meeting will take place in Helsinki on 20 March. Take a look at our IR calendar for other upcoming events. The preliminary roadshow program has also been updated to our calendar.

Updated 11 January 2018

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