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 third 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–September 2020 interim report will be published on Thursday, 22 October 2020, and the silent period will commence on Thursday, 1 October 2020. If you would like to book a call with us before our silent period, please contact Tiina (email@example.com).
Cargotec Corporation will disclose the following financial information in 2020:
|Date (and booking quarter)||Business area||Description||Country/ Customer||Value|
|14 September (Q3/2020)||MacGregor||two new orders, one for two RoPAX ferries and another for a group of linkspans||Asia (RoPAX), Scandinavia (linkspans)||EUR 13 million|
|3 September (Q3/2020)||Kalmar||Three Kalmar rubber-tyred gantry (RTG) cranes||Morocco/Marsa Maroc||Not disclosed|
|1 September (Q3/20)||Kalmar||20 Kalmar Hybrid Shuttle Carriers||USA/The Port of Virginia||Not disclosed|
|28 August (Q3/20)||Kalmar||Four SmartPower Rubber-Tyred Gantry (RTG) Cranes||Cambodia/Phnom Penh Autonomous Port (PPAP)||Not disclosed|
|27 August (Q3/20)||MacGregor||A significant order, the largest single vessel contract secured to date by MacGregor, for delivery of the mission-critical system to be installed on the OHT offshore wind foundation installation vessel, Alfa Lift||OHT||Not disclosed|
|13 August (Q3/20)||MacGregor||Two orders to provide full hardware supply including ramps and lifting platforms for two RoPax vessels and two material supply vessels||Japan||EUR 18 million|
|23 July (Q3/20)||Kalmar||Two Zero Emission rubber-tyred gantry cranes (RTGs) and Kalmar SmartPort solutions (part of Kalmar One automation system)||Turkey/Safi Derince International Port||Not disclosed|
On 15 September, we announced that our third quarter 2020 would be better than expected. We estimate that orders received and comparable operating profit are to increase compared to the second quarter 2020.
On 25 August, we announced that Cargotec's Board of Directors has decided on the second instalment of the dividend based on the authorisation granted to the Board by the Annual General Meeting. The second instalment of the dividend distribution is a dividend of EUR 0.60 for each of class A shares and a dividend of EUR 0.60 for each of class B shares outstanding. The second instalment payment date was 3 September 2020.
Cargotec has set ambitious science-based greenhouse gas emission reduction targets to address the impacts of both its own operations and the chain. In May, we announced our commitment to the United Nations Global Compact’s Business Ambition for 1.5°C to pursue science-based measures to limit global temperature rise to 1.5°C. In August, the targets were approved by the Science Based Targets initiative.
On 15 September, we held a virtual analyst call with 15 analysts participating over the web. In the call, Cargotec's CEO Mika Vehviläinen discussed Cargotec's 15 September announcement, business development and financial position, and answered the participants' questions, among others.
During the Q3, our investor meetings have been virtual meetings where we have convened online and shared material virtually. Even though we miss meeting you in person and having informal discussions on the road, according to your feedback and participation the virtual meetings have worked well, and we thank you for your support and cooperation.
While the coronavirus situation prevails, we continue with high safety standards, following the regulatory travel and social restrictions. Depending on the development of pandemia and safety requirements in Q4, we can also consider opportunities to host even face-to-face meetings in Helsinki, Finland.
Visit the IR calendar section on the Cargotec website for more information about upcoming and past events.
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 (firstname.lastname@example.org).
|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.