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Interim report January-March 2024

Release Presentation Webcast

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 Q4/2023 (10 January 2024)

As our silent period is about to start, we would like to highlight some of the most notable events of the fourth quarter of 2023. Cargotec’s financial statements review 2023 will be published on Thursday, 1 February 2023, and the silent period starts on Thursday, 11 January 2024.

Cargotec's financial information in 2024

Cargotec will disclose the following financial information in 2024:

  • Financial Statements review 2023, on Thursday, 1 February 2024
  • Interim report January–March 2024, on Tuesday, 30 April 2024
  • Half year financial report January–June 2024, on Thursday, 8 August 2024
  • Interim report January–September 2024, on Wednesday, 23 October 2024

Cargotec's Financial Statements 2023 and Annual Report 2023 will be available at on week 8.

The Annual General Meeting of Cargotec Corporation will be held on Thursday, 30 May 2024.

Cargotec is planning a separation of Kalmar and Hiab

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. The Board of Directors of Cargotec estimates that the separation of Kalmar and Hiab could unlock shareholder value by allowing both businesses to pursue sustainable profitable growth opportunities independently.

The Board decided in August to establish a new Demerger Committee to oversee the preparations for listing readiness and corporate governance matters for the potential standalone Kalmar. In November, Cargotec announced that the Board of Directors has decided that Jaakko Eskola will act as the Chair of The Demerger Committee. The Demerger Committee will consist of Jaakko Eskola, Teresa Kemppi-Vasama and Tapio Kolunsarka going forward.

On 9 November 2023, Cargotec's Board of Directors appointed Sami Niiranen (M.Sc. Mining), born 1972, as the President of Kalmar as of May 2024 at the latest. Sami Niiranen will also become a member of the Cargotec Leadership team and, if the demerger is pursued, he shall also be proposed as the President and CEO of the proposed standalone Kalmar. Cargotec’s President and CEO Casimir Lindholm will hold his interim position as Kalmar President until Sami Niiranen has started in his position.

Announced orders in Q4 2023

Date (booking quarter)9 January (Q4/23)
Business area: Kalmar
Description: 20 Kalmar hybrid straddle carriers, Kalmar Insight performance management tool to all machines
Country/Customer: Uruguay/Katoen Natie
Value: Not disclosed (major order)

Date (booking quarter)8 January (Q4/23)
Business area: Kalmar
Description: four heavy electric forklift trucks, two electric reachstackers, three heavy terminal tractors, Kalmar Insight fleet performance management tool
Country/Customer: Norway/Wallenius Wilhelmsen
Value: Not disclosed (large order)

Date (booking quarter)22 December (Q4/23)
Business area: MacGregor
Description: design, hardware and supply for hatch covers, lashing bridges, deck stanchions, fixed and removable cell guides in hold and container fixed fittings for three 1,822 FEU sized container carriers
Country/Customer: US / SM Solution/Philly Shipyard
Value: Not disclosed (significant order)

Date (booking quarter)18 December (Q4/23)
Business area: Kalmar
Description: 12 Kalmar empty container handlers and a six-year Kalmar Complete Care service contract
Country/Customer: Netherlands/Star Container Services B.V.
Value: Not disclosed (large order)

Date (booking quarter)8 December (Q4/23)
Business area: MacGregor
Description: comprehensive packages of RoRo equipment for an additional four multi-fuel and zero-carbon ready Aurora class PCTCs 
Country/Customer: Norway/Höegh Autoliners
Value: Not disclosed (significant order)

Date (booking quarter)22 November (Q4/23 and Q3/23)
Business area: Kalmar
Description: 17 Kalmar Essential reachstackers (total order size is 21 machines)
Country/Customer: Brazil/Brasmaq Portuaria
Value: Not disclosed (large order)

Date (booking quarter)16 November (Q4/23)
Business area: MacGregor
Description: comprehensive packages of RoRo equipment for two PCTC vessels
Country/Customer: Not disclosed
Value: Not disclosed (significant repeat order)

All announced orders

Other releases from Q4

In December, Cargotec announced that the Board of Directors of Cargotec Corporation has resolved to establish a new share-based incentive programme directed to the key employees of Cargotec. The performance share programme includes calendar years 2024–2026 as a performance period. The programme is targeted to approximately 100 selected key employees, including the members of Cargotec Leadership Team.

In December, Kalmar announced that it will start producing its electric reachstacker and Essential forklift truck range at its Shanghai manufacturing plant. The production launch was celebrated on 6 December.

In November, Hiab announced the introduction of HiPerform™, a suite of smart solutions to maximise the Hiab equipment lifecycle value by optimising the performance and productivity of operators, equipment and fleets. HiPerform is the umbrella brand for a range of smart solutions.

Also in November, Hiab launched two new MULTILIFT hooklifts, the versatile heavy-duty MULTILIFT Ultima 28Z and MULTILIFT Ultima ZERO. Both solutions are made with low-emission recycled steel, helping customers reduce carbon emissions in their operations.

All releases

Before the silent period: CFO Mikko Puolakka answers frequently asked questions

Cargotec hosted its Q4/2023 pre-silent call on 8 January 2024. In this video, Cargotec's CFO Mikko Puolakka answers the most frequent questions received from investors and analysts during the last quarter of 2023. Martti Henttunen from Cargotec's IR team interviews.

Meet us in 2024!

The year 2023 was full of insightful meetings and events. Road shows and investor conferences took us to Norway, the UK and USA, Belgium, Denmark, Netherlands, France and Sweden, and we hosted several investor visits and calls at our headquarters in Helsinki, Finland. We are available for virtual and hybrid meetings and events also in 2024!

An up-to-date listing of the conferences and events we participate in is available on our IR calendar. Please note though that the schedule is preliminary and subject to change. 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 on the Cargotec website

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


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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