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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.
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
