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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.

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 Q4/2022


11 January 2023

As our silent period is about to start, we would like to highlight some of the most notable events of the very eventful fourth and last quarter of 2022. Cargotec’s Financial Statements Review 2022 will be published on Thursday, 2 February 2023, and the silent period starts on Thursday, 12 January 2023.

Cargotec CMD in Helsinki held on 15 November 

Capital Markets Day 2022 – Cargotec focuses on profitable growth through solving its customers' sustainability challenges

Cargotec hosted its Capital Markets Day in Helsinki, Finland, in mid-November. About 30 investors and analysts participated in the event on site, hearing leadership presentations and insights about Cargotec’s core business Hiab and Kalmar prospects for the future, and the company ambitions in sustainability, service, technology and innovation. Read more about the event from Cargotec's IR blog here.

On the next day after the CMD, 15 participants climbed on a bus and took a ride to Raisio, Western Finland, to see and hear about Hiab business area’s assembly unit activities there. The Raisio unit focuses on assembling Hiab’s world leading Multilift hooklifts, a demountables solution. Read the story at Cargotec's IR blog.

All information and materials published at the event is available here. Thank you for participating the event, either virtually or on-site!

Announced orders in Q4 2022

Date (booking quarter): 11 January (Q4/22)
Business area: Kalmar
Description: Total 64 Kalmar medium and heavy forklift trucks
Country/Customer: Germany/Hanselmann GmbH
Value: Not disclosed (significant order) 

Date (booking quarter): 9 January (Q4/22)
Business area: Hiab
Description: Premium heavy duty WALTCO WDV railgates for a US national retailer
Country/Customer: USA/undisclosed national retailer
Value: almost EUR 4 million 

Date (booking quarter): 29 December (Q4/22)
Business area: MacGregor
Description: RoRo equipment for two 6,900 CEU Pure Car and Truck Carrier vessels.
Country/Customer: Japan/K Line
Value: Not disclosed (large order)

Date (booking quarter): 23 December (Q4/22)
Business area: Kalmar
Description: Six Kalmar Gloria reachstackers with a lifting capacity of 45 tons to a German rental equipment provider.
Country/Customer: Germany/Uwe Kleinwort GmbH
Value: Not disclosed (large order)

Date (booking quarter): 22 December (Q4/22)
Business area: MacGregor
Description: Comprehensive packages of RoRo equipment for a total of 15 Pure Car and Truck Carrier vessels to be built at three shipyards in China and South Korea for three different ship owners.
Country/Customer: Not disclosed/Three different ship owners
Value: EUR 90 million

Date (booking quarter): 19 December (Q4/22)
Business area: Hiab
Description: 135 MULTILIFT hooklifts and seven HIAB loader cranes with installation, accessories and training, with option for 127 additional MULTILIFT hooklifts. The equipment will be installed on trucks and delivered to the Finnish Defence Forces.
Country/Customer: Finland/Veho Oy Ab
Value: Not disclosed (large order)

Date (booking quarter): 19 December (Q4/22)
Business area: Hiab
Description: MULTILIFT Optima hooklifts and medium and heavy range HIAB loader cranes for a manufacturer of commercial vehicles for the construction and concrete industry in Germany.
Country/Customer: Germany/Euromix MTP GmbH
Value: EUR 4.75 million

Date (booking quarter): 15 December (Q4/22)
Business area: Kalmar
Description: Comprehensive five-year service agreement including the provision of equipment, parts and service personnel.
Country/Customer: Sweden/undisclosed steel producer
Value: EUR 25 million

Date (booking quarter): 9 December (Q4/22)
Business area: MacGregor
Description: Heavy-duty cranes for ten floating crane barges.
Country/Customer: Indonesia/PT Karya Teknik Utama
Value: Not disclosed (Two large orders)

All announced orders

Other releases from Q4 2022

In November, Cargotec published new performance targets for its core businesses Hiab and Kalmar ahead of the Capital Markets Day. Cargotec’s Board of Directors has set the following performance targets:

  • Eco portfolio sales: double the growth compared to traditional products
  • Reduce CO2 emissions in Cargotec’s value chain1 by 25% by 2025 and by 50% by 2030
  • Sales growth faster than market2
  • Comparable operating profit 12% by 2025 and 15% by 2030

Cargotec also aims for a growing dividend 30–50% of EPS and to keep gearing below 50%.
1) Scopes 1, 2 & 3, compared to 2019
2) global GDP, IMF World Economic Outlook, current prices.

In November, we also announced that Cargotec has completed the strategic evaluation of MacGregor. Based on the evaluation, Cargotec’s Board of Directors has concluded that MacGregor will not be part of Cargotec’s portfolio in the future. Cargotec will focus on profitable growth of its core businesses, Hiab and Kalmar, by solving customers' sustainability challenges.

During the strategic evaluation, it became clear that there is considerable interest in MacGregor. However, from a value creation perspective, the timing for divesting the business is not ideal at the moment. This is due to the current uncertainty in the financial market combined with the early phase of MacGregor turnaround. Hence, Cargotec has decided not to initiate an active sales process now. The Board of Directors continues to evaluate the timing of the divestment. In the meanwhile, MacGregor will focus on improving the profitability of the business and has started a restructuring program in its offshore business. 

On 20 December, Cargotec announced that CEO Mika Vehviläinen has informed Cargotec’s Board of Directors of his intention to retire from Cargotec during 2023, in accordance with the terms of his CEO service contract. The Board has initiated a search for a successor. Mika Vehviläinen was appointed as Cargotec CEO in 2013, and the announcement comes after nearly 10-year period as CEO of Cargotec.

“Mika’s retirement next year will mark the end of a remarkable career with Cargotec. Under his leadership, Cargotec has made critical changes to its strategy, structure and performance that position it strongly for success. The work to develop the company to its full potential continues, and we will thank Mika warmly for his leadership and contribution to our business when he leaves next year,” says Jaakko Eskola, Chair of the Board of Directors. 

On the same day, Hiab announced the acquisition of a family-owned Swedish industrial group Olsbergs, which designs, manufactures and supplies hydraulic valves and remote control systems used to manoeuvre Hiab’s truck mounted loader cranes and forestry cranes. The closing took place on 1 January 2023 and the integration of Olsbergs into Hiab as a separate business unit started immediately after closing. After the acquisition is completed, Olsbergs will become a business unit in Hiab’s Loader Cranes Light & Medium division and all 100 employees join Hiab. 

On 21 December, Cargotec announced that it has entered into an EUR 330 million sustainability-linked revolving credit facility with a syndicate of its seven relationship banks on 21 December 2022. The facility has a tenor of five years with two one-year extension options. The purpose of this facility is to refinance the existing EUR 300 million revolving credit facility maturing in June 2024. With this facility, Cargotec strengthens its long-term liquidity and includes sustainability targets to the facility.

The key performance indicator (KPI) of the facility is directly linked to Cargotec's climate-related performance target, which is to reduce CO2 emissions in our value chain by 50% by 2030.

All releases

Q4 pre-silent video

Cargotec hosted its Q4/2022 pre-silent call on 11 January. In this video, CFO Mikko Puolakka summarises the key messages and answers the most common questions we have received during the quarter.

IR activities during Q4

The quarter was full of exciting meetings, with the CMD and the following site visit bringing a lot of investors to Helsinki in November. During the fourth quarter, road shows took us to US, Canada, UK and Denmark, and we have also hosted some visits at our headquarters in Helsinki, Finland. We are also available for virtual and hybrid events. 

If you are interested to meet with us, please do not hesitate to contact Heidi at heidi.gustafsson(at) 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.


Have 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 (

Orders announced during Q4 2017

(and booking quarter)

Business unit


Country / customer


18 Dec (Q4/17)


Four automated straddle carriers and an emulation system


Not disclosed

11 Dec (Q4/17)


12 Classic Straddle Carriers


Not disclosed

4 Dec
(Q3 & Q4/17)


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

Mediterranean shipping company

Not disclosed

23 Nov
(Q3 & Q4/17)


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


Not disclosed

22 Nov (Q4/17)


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

Bangladesh-based company

Not disclosed

13 Nov (Q4/17)


Ten Kalmar Rough Terrain Container Handlers (RTCH)

North America

Approx. EUR 10 million

8 Nov (Q4/17)


Xvela collaborative stowage solution

Ocean Network Express

Not disclosed

2 Nov (Q4/17)


Siwertell ST 490-M ship unloader


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?


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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