This section contains Cargotec's IR newsletters, mainly published quarterly before the three-week silent period. You can find the most recent letter below.
The second 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–June 2020 interim report will be published on Friday, 17 July 2020, and the silent period will commence on Friday, 26 June 2020. If you would like to book a call with us before our silent period, please contact Tiina (firstname.lastname@example.org).
Cargotec Corporation will disclose the following financial information in 2020:
|Date (and booking quarter)||Business area||Description||Country/ Customer||Value|
|4 June (Q2/20)||Kalmar||Three Kalmar Zero Emission rubber-tyred gantry (RTG) cranes||Brazil/Klabin||Not disclosed|
Cargotec’s Annual General Meeting was held on 27 May 2020 in Helsinki, Finland. Due to coronavirus pandemic restrictions, shareholders were advised not to participate in the meeting in person, but to follow it via the video presentation. In his presentation, Cargotec’s CEO Mika Vehviläinen concentrated on Cargotec’s financial results in 2019, company performance during the first quarter of 2020, and Cargotec’s Climate Ambition.
On 27 May, we announced our commitment to the United Nations Global Compact’s Business Ambition for 1.5°C (see below for more information). In his recent blog, Cargotec's CEO Mika Vehviläinen writes about his concerns about what kind of world we leave for our children and their children. Even when climate change represents a significant business opportunity for us in Cargotec, "we have an opportunity - an obligation - to serve our customers with solutions that enable us to live in a better world."
On 9 June, we held a virtual sell-side analyst call with 14 analysts participating over the web. In the call, Cargotec's CEO Mika Vehviläinen went through the corona virus impact on our business, our financial position, the latest development on sustainability (see below for more information), among others.
On 3 June, Kalmar and MacGregor announced their participation in AEGIS, a three-year project funded by the EU’s Horizon 2020 Research and Innovation programme. The AEGIS project aims to integrate smaller ships, inland transport and short-sea shipping with larger terminals to create a completely new European transport system (AEGIS stands for Advanced, Efficient and Green Intermodal Systems).
On 2 June, we announced the completion of the sale of the share of the joint venture Rainbow-Cargotec Industries Co., Ltd (RCI) in China. As part of the agreement, Cargotec acquired certain operations and assets of the joint venture from Jiangsu Rainbow Heavy Industries Co., Ltd. (RHI), and ca. 160 employees have moved over from RCI to Kalmar.
On 27 May, we announced our commitment to the United Nations Global Compact’s Business Ambition for 1.5°C, joining leading companies in a promise to pursue science-based measures to limit global temperature rise to 1.5°C. By making this commitment, Cargotec strives to mitigate climate change through making the logistics industry more efficient and in developing solutions to enable a low-carbon economy.
Safety is important to all of us, and during the coronavirus crisis we have strictly complied with regulatory travel and social restrictions. With this in mind, our investor meetings are now virtual meetings, where we share material via Google Meet.
During Q2 2020, Cargotec's Investor Relations held many virtual roadshows over the web, and we will continue to offer those in the future as well.
Visit the IR calendar section on the Cargotec website for more information about upcoming and past events.
What would you like to ask about Cargotec as an investment? Cargotec's IR team is looking for questions especially from investors and analysts for our next IR blog Q&A. Send your questions via our web form www.cargotec.com/feedback.
Cargotec maintains a list with all mergers and acquisitions as well as divestments on the investor webpage - take a look at it here.
Take a look at the latest Vara consensus estimates.
The second quarter of 2018 is soon coming to its end, and we would like to remind you of some highlights of the quarter. Cargotec’s January-June 2018 half year financial report will be published on Thursday, 19 July 2018. The silent period will commence on Thursday, 28 June 2018. If you would like to book a call with us before our silent period, please contact Milla (email@example.com).
|Date (and booking quarter)||Business area||Description||Country/ Customer||Value|
|19 June (Q2/18)||Kalmar||Two Kalmar rail-mounted gantry (RMG) cranes with remote control and extensive customisation||Rotterdam Short Sea Terminals (RST)||Not disclosed|
|8 June (Q2/18)||Kalmar, Navis||State-of-the-art, fully automated intermodal terminal solution. The order includes the supply of the OneTerminal solution comprising Kalmar's automated train handling, automated yard crane and automated horizontal transportation equipment and the Navis N4 terminal operating system (TOS)||Qube's Moorebank Logistics Park (MLP) in south-western Sydney||Approx. EUR 80 million|
|4 June (Q2/18)||Kalmar||Comprehensive upgrade of one of the terminal's ship-to-shore (STS) cranes||The Bristol Port Company||Not disclosed|
|24 May (Q2/18)||Kalmar||Fully autonomous equipment, software and services for a unique, fully digitalised container handling solution at Yara's Porsgrunn facility||Yara,Norway||Not disclosed|
On 9 May, Cargotec announced it had signed an agreement with JCE Invest AB to establish a joint venture, Bruks Siwertell Group, specialised in dry bulk handling. The new joint venture will own Siwertell AB (previously part of Kalmar Business Area within Cargotec) and BRUKS Holding AB (previously part of JCE Group). Cargotec will own 48% of the shares in Bruks Siwertell Group, and JCE Invest AB will own the rest, 52%. The transaction was signed and closed on 9 May 2018. In 2017, revenues of Siwertell were SEK 582 million, and revenues of BRUKS were SEK 707 million.
On 24 April, MacGregor and China State Shipbuilding Corporation's (CSSC) Nanjing Luzhou Machine Co., Ltd. (LMC) celebrated the opening of their first joint venture in Nanjing, China on April 10. The joint venture's business model and organisational structure were developed during 2017, and the business license was obtained in March 2018.
On 12 June, Cargotec announced that cargo handling industry increasingly explores cloud-based, collaborative data sharing platforms to provide real-time visibility and connectivity required to improve efficiency and productivity. The study, conducted by Navis and XVELA, was based on a survey of 250 shipping industry executives and professionals from members of the global container supply chain.
On 17 May, Kalmar announced committing to having Kalmar's full offering available as electrically powered versions by 2021. Kalmar is committed to reduce emissions in cargo and material handling operations by fostering eco-efficient technologies. The target is in line with Cargotec's sustainability roadmap announced in 2016.
On 19 June, Kalmar introduced its first application key for Kalmar Key, the terminal industry's only automation platform with open interfaces.
On 12 June, Kalmar introduced an eco-efficient reachstacker with a Fuel Saving Guarantee to customers.
On 14 May, Hiab announced it had launched its renewed HIAB light range loader cranes with a capacity from 4 to 11 tonne meters.
On 2 May, Kalmar introduced an electric version of its popular Kalmar Ottawa T2 terminal tractor to help customers cut emissions and improve productivity.
On 24 April, Kalmar announced it will introduce an automated guided vehicle (AGV) solution, Kalmar FastCharge (TM) AGV, for transporting containers between quayside and landside operations.
On 11 April, Hiab launched the MOFFETT M5 NX Truck mounted forklift. The MOFFETT M5 NX is the ideal machine for medium to heavy-duty tasks, with an efficient power to weight ratio.
Cargotec’s investor relations organised an investor day with MacGregor’s president Michel van Roozendaal and Head of sustainability Karoliina Loikkanen in May. We also attended Kepler Mid Cap Days in Paris, Handelsbanken conference in Stockholm, Oddo Environment Forum for ESG investors in Paris as well as Carnegie ESG seminar in Helsinki. Take a look at the material from these events at Cargotec’s webpage.
In addition, we hosted roadshows in Copenhagen, New York, Chicago, Boston, Milan, and London. In June, a Q&A session with CEO Mika Vehviläinen for sell-side analysts was organised in Helsinki.
Sustainability provides great opportunities for Cargotec - but how exactly? Find it out by reading the IR blog about sustainability.
Read the blog post Journey towards a new MacGregor to understand better MacGregor’s business and future prospects.
Sustainability is a huge business opportunity. Karoliina Loikkanen, Director, Sustainability, explains why sustainability is important for Cargotec.
MacGregor, one of Cargotec's three business areas, focuses on merchant and offshore industries. MacGregor's president Michel van Roozendaal explains what MacGregor's competitive advantage is and what the future growth prospects look like. The parts with van Roozendaal were shot on 21 May, see also his presentation here. Blog about MacGregor can be read here.
Take a look at the latest consensus estimates.
Site visit to the production facilities of Hiab and Kalmar in Stargard Szczecinski, Poland will be organized during autumn. More information and registration will follow soon.
On 30-31 October, we will organize Finnish Industrial Days together with Kemira and KONE in Singapore. Register to the event here.
Take a look at our IR calendar for other upcoming events and roadshows.