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January–June 2021 half year financial report
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.
This section contains Cargotec's IR newsletters, mainly published quarterly before the three-week silent period. You can find the most recent letter below.
The second 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 half year financial report January–June 2021 will be published on Wednesday, 28 July 2021, and the silent period starts on Wednesday, 7 July 2021. On 23 June we will arrange a pre-silent call with our CFO Mikko Puolakka present. If you would like to join that call, please contact Tiina (tiina.aaltonen@
Cargotec Corporation will disclose the following financial information in 2021:
Half year financial report January-June 2021, on Wednesday, 28 July 2021
Interim report January-September 2021, on Thursday, 28 October 2021
| Date (booking quarter) | Business area | Description | Country/ Customer | Value |
| 24 May (Q2/21) | Kalmar | Two Kalmar Gloria reachstackers and three Kalmar diesel-electric straddle carriers | US/Tropical Shipping | Not disclosed |
| 28 April (Q1/21) | Hiab | 108 HIAB loader cranes with connected service HiConnect™ and ProCare™ Total Repair and Maintenance contracts for eight years | UK/Marshalls |
MEUR 4.9 million |
Vision and strategy refined: a million tonne CO2 emission reduction in the value chain
We announced in April our refined strategy and vision. Breakthrough objectives are sustainability and profitable growth. Our vision is to become the global leader in sustainable cargo flow. In concrete terms, Cargotec aims to reduce the CO2 emissions of its value chain by 1 million tons by 2024.
Strategy progress is measured by financial reporting, leadership index, eco portfolio share of sales and, in the future, CO2 emission reduction and the net promoter score as well.
Cargotec has set an ambitious climate target and climate is an integral part of Cargotec's strategy. In a recent video on Cargotec's Youtube channel, Päivi Koivisto, Vice President, Sustainability, tells more about Cargotec's view on sustainability.
In May, Cargotec’s IR pages were nominated the best in Finland in the large cap category in 2021. The award was given by the Finnish Foundation for Share Promotion and the Finnish Society of Financial Analysts. The Best investor pages (link opens a page in Finnish) is an annual competition that aims to improve the investor communications of companies listed on the Helsinki Stock Exchange. According to the jury, Cargotec’s IR pages provide relevant information to investors in a versatile and easy-to-use manner. Read about how to create winning IR web content.
During Q2, 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.
Tiina Aaltonen, Cargotec’s long time Executive Assistant to the CFO and Investor Relations, retires after 16 years in the company. Tiina’s last day at Cargotec is 30 July, 2021.
“We would like to thank Tiina for her hard-working attitude and dedication during all these years at Cargotec. Tiina’s contributions have been crucial when developing Cargotec’s financial and IR services to their present high level. We all wish Tiina a long and happy retirement!”, say Mikko Puolakka, Cargotec’s CFO and Carina Geber-Teir, Cargotec’s head of communications.
Heidi Gustafsson will take on Tiina's role as Executive Assistant to the CFO and Investor relations as of 16 August.
You can always find us from the address IR@cargotec.com. Note also contact information at the bottom of this newsletter.
Aki Vesikallio (M.Sc.Econ) will be heading Cargotec’s Investor Relations when Hanna-Maria Heikkinen, Head of Investor Relations at Cargotec, will pursue a new career opportunity outside Cargotec as of 30 June 2021. Aki has been working at Cargotec as Investor Relations Director since December 2019.
“I would like to thank Hanna-Maria for the excellent work to develop Cargotec Investor Relations. Aki knows the company and has excellent prerequisites to continue our great investor relations work,” says Carina Geber-Teir.
As of May, Martti Henttunen, Senior Manager, Communications and IR, has taken a more active role in the IR team.
Julia Klemola, Communications and IR Trainee, strengthens the IR team this summer. Julia recently finished her bachelor's degree studies at the University of Vaasa, majoring in Economics. Julia will be working at Cargotec until end-August.
We are on Instagram! You can now 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.
Cargotec’s investor relations offers a podcast channel in Finnish and English, listen to it here. You can also find our leadership podcasts there. Both Finnish and English podcasts are also available on iTunes.
Did you know that after participating in a Cargotec investor or analyst call, you can give immediate feedback about it. After the session, we send participants a link to a brief web form, with which you can anonymously share your thoughts about the event, and about Cargotec as a company. Your feedback is valuable to us - have a look at the form at www.cargotec.com/pulse.
Have a look at the latest VARA consensus estimates.
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 |
Business unit |
Description |
Country / customer |
Value |
|
Kalmar |
Four automated straddle carriers and an emulation system |
Germany |
Not disclosed |
|
|
Kalmar |
12 Classic Straddle Carriers |
Russia |
Not disclosed |
|
|
MacGregor |
Orders to optimise the container carrying capabilities of 31 MSC Mediterranean Shipping Company vessels |
Mediterranean shipping company |
Not disclosed |
|
|
Kalmar |
Two rail-mounted gantry cranes (RMGs) for intermodal operation |
Spain |
Not disclosed |
|
|
MacGregor |
Fabrication, engineering and project management of a complete subsea mooring and riser system |
Bangladesh-based company |
Not disclosed |
|
|
Kalmar |
Ten Kalmar Rough Terrain Container Handlers (RTCH) |
North America |
Approx. EUR 10 million |
|
|
Kalmar |
Xvela collaborative stowage solution |
Ocean Network Express |
Not disclosed |
|
|
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
