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Reports & presentations

Interim report January–September 2020

Was published 22 October 2020

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 Q3/2020

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 (tiina.aaltonen@cargotec.com).

Cargotec’s financial information in 2020

Cargotec Corporation will disclose the following financial information in 2020:

  • Interim report January-September 2020, on Thursday, 22 October 2020

Orders announced in Q3/2020

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

All announced orders

Other announcements

On 1 October, we announced that Cargotec's and Konecranes's respective Boards of Directors have on that day signed a combination agreement and a merger plan to combine the two companies through a merger.

Also on 1 October, we announced that Cargotec has decided to continue to evaluate strategic alternatives for its Navis business to identify the best options to support future development of Navis.

Other announcements during Q3 2020

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.

Let's talk about climate

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.

Analyst call held in September

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.

Sell-side analyst call presentation

Investor activities and events during Q3 2020

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.

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.

Consensus

Take a look at the latest Vara consensus estimates.

Q2/20 pre-silent newsletter

Pre-silent newsletter Q2/2020

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 (tiina.aaltonen@cargotec.com).

Cargotec’s financial information in 2020

Cargotec Corporation will disclose the following financial information in 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 Q2/2020

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

All announced orders

Cargotec’s Annual General Meeting

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.

Watch the video - Chairman of the Board at the 2020 AGM

Watch the video - CEO review at the 2020 AGM


Read our CEO's blog about climate change

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."

Sell-side analyst call held in early June

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.

Sell-side analyst call presentation

Additional announcements during Q2 2020

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.

Investor activities and events during Q2 2020

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.

Send us questions!

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.

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.

Consensus

Take a look at the latest Vara consensus estimates.

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