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Reports & presentations

Half-year report January-June 2022

Report 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 Q2/2022

The second quarter of 2022 is soon behind us and we would like to take the opportunity and highlight some of our most notable events of the past quarter. Cargotec’s interim report January–June 2022 will be published on Wednesday, 20 July 2022, and the silent period starts on Wednesday, 29 June 2022.

Cargotec to host a capital markets day in Helsinki on 15 Novembers

Cargotec, the global leader in sustainable cargo flow arranges Capital Markets Day in Helsinki, Finland, on Tuesday 15 November 2022. The event will focus on Cargotec’s refocused strategy published in March and future shareholder potential. Attending the event will be possible both physically in Helsinki or virtually over an online stream.

Announced orders in Q2 2022

  • Date (booking quarter): 28 June (Q2/22)
  • Business area: Kalmar
  • Description: Repeat order for 23 manually-driven, semi-automated hybrid shuttle carriers, integrated into the Terminal Operation System via KalmarOne software and complemented by services, maintenance and support
  • Country/Customer: Morocco / APM Terminals
  • Value: Not disclosed (significant order)
  • Date (booking quarter): 28 June (Q2/22)
  • Business area: Kalmar
  • Description: 62 Kalmar Hybrid AutoStrads
  • Country/Customer: USA / APM Terminals
  • Value: Not disclosed (significant order)
  • Date (booking quarter): 23 June (Q2/22)
  • Business area: MacGregor
  • Description: RoRo equipment for four multi-fuel and zero-carbon ready Aurora class Pure Car and Truck Carriers (PCTCs)
  • Country/Customer: Norway/Höegh Autoliners
  • Value: More than USD 15 million
  • Date (booking quarter): 24 May (Q2/22)
  • Business area: MacGregor
  • Description: Comprehensive packages of RoRo equipment for three pro-ecological, low-emission RoPax-ferries
  • Country/Customer: Poland/Polskie Promy
  • Value: Not disclosed (significant order)

All announced orders

Other releases from Q2 2022

During the second quarter, we announced changes in the Board of Directors and in the Cargotec Leadership Team. In April, the Board of Directors announced the appointment of Mr. Jaakko Eskola as the new Company Chair. Jaakko Eskola will succeed Mr. Ilkka Herlin who has chosen to step down as the Chair of the Board having served as Chair for 17 years since 2005. Ilkka Herlin will continue as a member of the board and as the Vice Chair.

As previously announced in March, Cargotec will shift Kalmar’s focus towards mobile solutions aiming for higher financial performance through sustainability and profitable growth. Cargotec is also planning to combine Kalmar Mobile Solutions and Kalmar Automation Solutions strategic business units to create a unified Kalmar. Michel van Roozendaal (M.Sc. Aerospace Engineering; MBA INSEAD, b.1963), currently President of Kalmar Mobile Solutions, was selected to lead the planning. Antti Kaunonen, President of Kalmar Automation Solutions, has decided to retire on 1 July 2022.

On 7 June, we announced that Kalmar invests in upgrading and expanding its manufacturing plant in Ottawa, Kansas, USA. The investment, worth close to EUR 20 million, is driven by the growing demand from the logistics industry for eco-efficient equipment solutions that do not rely on fossil fuels to operate. The investment will eventually enable the plant’s annual production capacity to be doubled, making it the largest terminal tractor manufacturing facility in North America.

All releases

Pre-silent call video

Cargotec hosted its Q2/2022 pre-silent call on 22 June. In the video, Cargotec's CFO Mikko Puolakka summarises the key messages and answers the most common questions we have received in the call and during the quarter.

IR Blog: Sustainability metrics increasingly important in leadership incentive programmes

“Cargotec's Board strongly supports sustainability themes, and the need to include elements that emphasise sustainability in leadership remuneration has long been discussed in the Board. Themes related to all ESG aspects, environment, social and governance, are important for Cargotec’s Board,” says Vesa-Pekka Lankinen, VP Performance and Rewards, Cargotec.

Read more about his thoughts and management compensation in Cargotec in the latest IR blog.

IR activities during Q2

It has been a great pleasure for us to start meeting investors and analysts more in person again. During the second quarter, road shows took us to the UK, France, Belgium and the Netherlands. We also attended several investor conferences and meetings and hosted investors at our headquarters in Helsinki, Finland. While the face-to-face meetings are taking more and more time on our agendas, 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)cargotec.com to agree on the details.

You asked, we answered!

In May, we asked the investor community about which Cargotec-related topics they would like to know more about. We received more questions than we could have hoped for - thank you everyone who participated! Have a look at the questions and answers here.

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.

Consensus

Have a look at the latest VARA consensus estimates.

Previous 2022 pre-silent newsletters

The first quarter of 2022 is now behind us and we would like to take the opportunity and highlight some of our most notable events of the quarter past. Cargotec’s interim report January – March 2022 will be published on Wednesday, 27 April 2022, and the silent period starts on Wednesday, 6 April 2022.

Cargotec refocused its strategy for higher financial performance through sustainability and growth in profitable core businesses

Cargotec announced its refocused strategy on 30 March following the cancellation of the planned merger with Konecranes the day before

Cargotec will focus on sustainability and growth in profitable core businesses Hiab, Kalmar Mobile Solutions and Kalmar’s horizontal transportation business. Cargotec’s vision and breakthrough objectives sustainability and profitable growth remain.

Cargotec will initiate an evaluation of strategic options of MacGregor including a potential sale of the business.

Kalmar’s focus will shift towards mobile solutions and will start planning an exit from the heavy port cranes business.

Hiab will remain at the core of Cargotec’s strategy and its business portfolio will remain the same, but Cargotec plans to further accelerate the development of Hiab’s M&A pipeline.

Cargotec’s capital allocation priorities for upcoming 12 months are planned to be acceleration of M&A, research and development investments in electrification, robotics and digitalisation as well as Cargotec’s climate programme Mission Climate.

Cargotec is planning to host a capital markets day later this year.

ReleasePresentationWebcast recording

Announced orders in Q1 2022

  • Date (booking quarter): 24 March (Q1/22)
  • Business area: MacGregor
  • Description: Comprehensive packages of RoRo equipment for four PCTC's
  • Country/Customer:Norway/Höegh Autoliners
  • Value: More than USD 15 million

All announced orders

Other releases from Q1 2022

In January, Kalmar announced to supply world's first electric reach stacker with combined charging system to Westport AS in Norway, and signed a one-year agreement with Norwegian rail operator CargoNet covering the field-testing of a Kalmar Electric Reachstacker.

Hiab introduced the MOFFETT E5 NX as the third model in the eSeries of all-electric truck mounted forklifts. It is the world's first electric truck mounted forklift with a moving mast.

In February, Cargotec published its 2021 annual report and financial statements. The Annual Report 2021 consists of the annual review, financial review, corporate governance statement and remuneration report. The financial review includes the Board of Directors’ report, the financial statements, and the auditor’s report.

In the Board of Directors’ report, Cargotec for the first time also reports the group sales, capital expenditure and operating expenditure according to the EU taxonomy classification system. In 2021, the proportion of taxonomy-eligible economic activities in Cargotec’s total turnover was 100 percent, 100 percent in the capital expenditure, and 100 percent in the operational expenditure.

In March, Cargotec's Annual General Meeting was held virtually. The Annual General Meeting approved a distribution of a dividend of EUR 1.08 for each outstanding class B shares. The dividend payment day was 28 March 2022.

After the AGM, Cargotec's Board of Directors organising meeting 2022 elected Ilkka Herlin to continue as Chair of the Board. Jaakko Eskola was elected as Vice Chair of the Board.

All releases

Q&A on Russia's military attack on Ukraine

We regret to see that the conflict has escalated into war after Russia’s military attack. The attack is a violation of human rights and there is no justification for it. Our thoughts are with those people suffering from the shocking actions. Despite the horrific consequences of the war, the general impact, however, in Cargotec's overall business at this stage is low. Below some Q&A about the situation.

Q: How big a share of your sales comes from Russia and Ukraine?
A: We have stopped all sales to Russia and Belarus until further notice. We have had sales to Russia and Ukraine, but the countries have not been among our top 10 markets. In 2021, Russia’s share of total sales was below 1%. Ukraine's share was even smaller.

Q: Do you have any assembly operations or suppliers in Russia or in Ukraine?
A: We don’t have assembly units either in Russia or in Ukraine. We have a limited number of suppliers in the countries. However, some of our suppliers get some of the steel from Ukraine.

Q: Do we have any employees in Ukraine and/or in Russia?
A: We don't have any of employees in Ukraine. In Russia, we have roughly 50 employees.

Q: What are the long term implications of the war for Cargotec?
The situation is evolving rapidly, on a daily basis, and it is too early to draw any conclusions. A prolonged conflict situation would most probably affect global economic growth adversely.

Q: Has Cargotec supported the civil victims of the war by donating money through charities?

A: The Cargotec Board of Directors has made the decision to donate 100,000 euros to charities supporting the people in need. The donation will be made through two international charities; the Red Cross Disaster Relief Fund (50%) and Unicef (50%).

IR activities during Q1

During Q1, we have kept up our active engagement with the financial markets. We met investors on virtual roadshows and hosted standalone meetings and calls with investors and analysts.

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

Consensus

Have a look at the latest VARA consensus estimates.

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