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Reports & presentations

January–September 2021 interim report to be published on Thursday, 28 October 2021

Invitation release 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 Q3/2021

As the third quarter of 2021 is soon coming to its end, we would like to highlight some of the most notable events of the period. Cargotec’s Interim report January–September 2021 will be published on Thursday, 28 October 2021, and the silent period starts on Thursday, 7 October 2021.

Remember to register to our pre-silent call
We will arrange a pre-silent call with our CFO Mikko Puolakka on 4 October at 11am EEST . Please register to the call via this form no later than on Thursday 30 September, if you haven't already done so.

Cargotec’s financial information

Cargotec Corporation will publish its interim report January–September 2021 on Thursday, 28 October 2021.

Announced orders in Q3 2021

Date (booking quarter) Business area Description Country/ Customer Value
29 September (Q3/21) Kalmar two new-generation Kalmar Zero Emission rubber-tyred gantry cranes (RTGs), two Kalmar Essential empty container handlers and a Kalmar Essential reachstacker Indonesia/PT. Riau Andalan Pulp and Paper (RAPP) Not disclosed
16 September (Q3/21) Kalmar 15 medium electric forklift trucks France/SEAC

Not disclosed (large order)

26 August (Q3/21) Kalmar 18 hybrid shuttle carriers US/The Port of Virginia®

Not disclosed

28 July (Q3/21)
Kalmar 12 diesel-electric straddle carriers Italy/Medcenter Container Terminal

Not disclosed

All announced orders

Other releases from Q3

In September, Cargotec and SSAB agreed to work on the introduction of fossil-free steel to the cargo handling industry. “I am proud that we are paving the way in the cargo handling industry through commitment to using fossil-free steel and have this unique opportunity to work with a forerunner in fossil-free steel development,” says Mika Vehviläinen, CEO of Cargotec.

Also in September, Hiab completed the acquisition of the US demountables manufacturer Galfab. The acquisition broadens Hiab’s demountable portfolio while Galfab’s equipment will be included in Hiab’s nationwide US sales and service network. Galfab makes roll-off hoists and related equipment for the domestic waste industry and employs around 100 people.

In July, Cargotec completed the sale of its Navis business to the US technology investment firm Accel-KKR for an enterprise value of EUR 380 million. Accel-KKR transferred EUR 350 million of the enterprise value to Cargotec and obtained control of Navis' business. The remaining EUR 30 million of the enterprise value will be transferred to Cargotec by the end of 2021. Cargotec estimates that the transaction will have approximately EUR 240 million positive impact on its operating profit in 2021.

All releases

Merger-related activities during Q3 2021

On 10 August, we announced that the State Administration for Market Regulation has approved the merger between Cargotec and Konecranes in China. Cargotec and Konecranes have received unconditional approval from the State Administration for Market Regulation, the competition authority in China, for their planned merger.

On 6 August, we announced that the Boards of Directors of Cargotec and Konecranes have agreed to select Mika Vehviläinen as the President and CEO of the Future Company, and the Board of Directors of Cargotec has made the appointment accordingly. The appointment of Mika Vehviläinen will become effective upon completion of the Transaction which is currently expected to take place by the end of H1/2022.

On 2 July, we announced that the EC has opened a Phase II review in connection with the planned Transaction. The Phase II review is a common step in the EC merger review of global transactions of this size. Phase II will enable the EC to consider the contemplated transaction in further detail.

On 1 October 2020, Cargotec Corporation and Konecranes Plc announced that the companies have signed a combination agreement and plan to combine through a merger, subject to regulatory and other approvals (the “Transaction”). The companies are confident that the approvals are received to allow completion of the Transaction by the end of H1/2022. Until completion, both companies will operate fully separately and independently.

More information about the merger

IR activities during Q3

During Q3, we have met with an exceptional amount of investors and analysts - thank you for your interest in Cargotec! In late September, we arranged a virtual Hiab Investor event. The event constituted of a business update presented by Scott Phillips, President of Hiab Business Area, together with fellow Hiab leaders, as well as a Q&A session. About 50 investors, analysts, credit investors and bankers participated in the webcast. The recording can accessed here.

Most of our meetings with you have remained virtual and based on the positive feedback received, this may well continue to be our main meeting format in the (near) future as well. However, in-person meetings are gradually also becoming a possibility; we will keep you posted on the available options on how to engage in conversation with us.

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.

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.

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.

Consensus

Have a look at the latest VARA consensus estimates.

Q1/20 pre-silent newsletter

Pre-silent newsletter Q1/2020

The first quarter of 2020 is soon ending, and we would like to remind you of some of the quarter's most important events. Cargotec’s January-March 2020 interim report will be published on Thursday, 23 April 2020, and the silent period will commence on Thursday, 2 April 2020. If you would like to book a call with us before our silent period, please contact Tiina (tiina.aaltonen@cargotec.com).

Cargotec’s financial information in 2020

Cargotec Corporation will disclose the following financial information in 2020:

  • Financial Statements review 2019, on Thursday, 6 February 2020
  • Interim report January-March 2020, on Thursday, 23 April 2020
  • Half year financial report January-June 2020, on Friday, 17 July 2020
  • Interim report January-September 2020, on Thursday, 22 October 2020

Orders announced in Q1/2020

Date (and booking quarter) Business area Description Country/ Customer Value
18 March (Q1/20) Kalmar Six Kalmar rubber-tyred gantry (RTG) cranes Tanzania/Tanzania Ports Authority (TPA) Not disclosed

All announced orders

Coronavirus: follow our blog

We have received several questions related to the coronavirus (COVID-19) and its impact on the company. In this blog text we have collected some typical questions and provided answers to them. The most recent update is from 17 March 2020.

Coronavirus: Annual General Meeting cancelled

The Finnish Government announced in 16 March that public gatherings will be limited to a maximum of ten persons. Based on the development of the coronavirus situation and the Finnish Government announcement, we decided to cancel the 17 March 2020 Annual General Meeting.

Updates on the AGM situation will be available on our AGM pages, as well as on our news pages. Follow us on Twitter for latest information.

Let's meet online!

From now on, all our investor meetings are virtual meetings with a link to a Google Hangouts meeting. This way we can share also slides with you during the meeting. Safety is important to all of us.

What kind of information do you need?

What kind of information/content would you like us to produce to you? Send your comments and suggestions to ir@cargotec.com. We collect material and share them with you.

News about Navis

We announced in February that we will evaluate strategic alternatives for our Navis business to identify the best options to support its future development. To secure the best possible growth and value creation for the next development phase for Navis, we will review alternative development paths, including new ownership structures and a potential sale of Navis software business. Cargotec’s other software business will not be part of the evaluation.

We also announced that Navis entered into an agreement to acquire the assets of Biarri Rail from Australia. Biarri Rail is a global provider of planning and scheduling optimisation software for freight railroads. This supports Navis’s expansion into inland solutions.

Watch the video: CEO Mika Vehviläinen talks about the Navis evaluation

Cargotec's Annual Report 2019

Cargotec's annual report 2019 and financial statements for the financial year 1 January-31 December 2019 was published in February in English and Finnish. The annual report 2019 consists of the Annual review and the Financial review. In conjunction with the annual report we also published our GRI index for the year 2019.

Investor activities and events during Q1 2020

In February, Stefan Lampa, the head of Kalmar Mobile Solutions, met the investor community in Helsinki, Finland. Read how Stefan thinks the market will develop and how he sees the robotics and automation to boost the business forward. Watch Stefan's video interview from the same event.

During Q1 2020, Cargotec's Investor Relations held roadshows in London/UK and in Oslo/Norway. In Copenhagen/Denmark we participated in an investor conference. We also held several investor calls and organised sell-side breakfasts in Helsinki/Finland and in London.

Visit the IR calendar section on the Cargotec website for more information about upcoming and past events.

Take a look at these contents on our website

Cargotec maintains a list with all mergers and acquisitions as well as divestments on the investor webpage - take a look at it here.

Cargotec’s investor relations offers a podcast channel in Finnish and English, listen to it here. Both Finnish and English podcasts are also available on iTunes.

In a recent Cargotec IR blog entry we interviewed Jane Chen, VP Strategy and Head of China at MacGregor about MacGregor's near and long-term future.

Consensus

Take a look at the latest Vara consensus estimates.

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