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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.

Q2/21 pre-silent newsletter

The second quarter of 2021 is soon behind us, and we would like to remind you of some of the quarter's most important events. Cargotec’s half year financial report January–June 2021 will be published on Wednesday, 28 July 2021, and the silent period starts on Wednesday, 7 July 2021. On 23 June we will arrange a pre-silent call with our CFO Mikko Puolakka present. If you would like to join that call, please contact Tiina (tiina.aaltonen@cargotec.com).

Cargotec’s financial information

Cargotec Corporation will disclose the following financial information in 2021:

  • Half year financial report January-June 2021, on Wednesday, 28 July 2021

  • Interim report January-September 2021, on Thursday, 28 October 2021

Announced orders in Q2 2021

Date (booking quarter) Business area Description Country/ Customer Value
24 May (Q2/21) Kalmar Two Kalmar Gloria reachstackers and three Kalmar diesel-electric straddle carriers US/Tropical Shipping Not disclosed
28 April (Q1/21) Hiab 108 HIAB loader cranes with connected service HiConnect™ and ProCare™ Total Repair and Maintenance contracts for eight years UK/Marshalls

MEUR 4.9 million

All announced orders

Vision and strategy refined: a million tonne CO2 emission reduction in the value chain

We announced in April our refined strategy and vision. Breakthrough objectives are sustainability and profitable growth. Our vision is to become the global leader in sustainable cargo flow. In concrete terms, Cargotec aims to reduce the CO2 emissions of its value chain by 1 million tons by 2024.

Strategy progress is measured by financial reporting, leadership index, eco portfolio share of sales and, in the future, CO2 emission reduction and the net promoter score as well.

More about strategy

Other activities during Q2 2021

Cargotec has set an ambitious climate target and climate is an integral part of Cargotec's strategy. In a recent video on Cargotec's Youtube channelPäivi Koivisto, Vice President, Sustainability, tells more about Cargotec's view on sustainability.

In May, Cargotec’s IR pages were nominated the best in Finland in the large cap category in 2021. The award was given by the Finnish Foundation for Share Promotion and the Finnish Society of Financial Analysts. The Best investor pages (link opens a page in Finnish) is an annual competition  that aims to improve the investor communications of companies listed on the Helsinki Stock Exchange. According to the jury, Cargotec’s IR pages provide relevant information to investors in a versatile and easy-to-use manner. Read about how to create winning IR web content.

During Q2, our investor meetings have been virtual meetings where we have convened online and shared material virtually. Joining the IR staff, our CEO Mika Vehviläinen and CFO Mikko Puolakka have provided insights and knowledge about Cargotec, its business areas, and the business environment. 

While the coronavirus situation prevails, we continue with high safety standards, following the regulatory travel and social restrictions. We thank you for your support and appreciate the positive feedback we have received about the meetings.

Changes in Cargotec's Investor Relations

Tiina Aaltonen, Cargotec’s long time Executive Assistant to the CFO and Investor Relations, retires after 16 years in the company. Tiina’s last day at Cargotec is 30 July, 2021.

“We would like to thank Tiina for her hard-working attitude and dedication during all these years at Cargotec. Tiina’s contributions have been crucial when developing Cargotec’s financial and IR services to their present high level. We all wish Tiina a long and happy retirement!”, say Mikko Puolakka, Cargotec’s CFO and Carina Geber-Teir, Cargotec’s head of communications.

Heidi Gustafsson will take on Tiina's role as Executive Assistant to the CFO and Investor relations as of 16 August.

You can always find us from the address IR@cargotec.com. Note also contact information at the bottom of this newsletter.

Aki Vesikallio (M.Sc.Econ) will be heading Cargotec’s Investor Relations when Hanna-Maria Heikkinen, Head of Investor Relations at Cargotec, will pursue a new career opportunity outside Cargotec as of 30 June 2021. Aki has been working at Cargotec as Investor Relations Director since December 2019.

“I would like to thank Hanna-Maria for the excellent work to develop Cargotec Investor Relations. Aki knows the company and has excellent prerequisites to continue our great investor relations work,” says Carina Geber-Teir.

As of May, Martti Henttunen, Senior Manager, Communications and IR, has taken a more active role in the IR team.

Julia Klemola, Communications and IR Trainee, strengthens the IR team this summer. Julia recently finished her bachelor's degree studies at the University of Vaasa, majoring in Economics. Julia will be working at Cargotec until end-August.

Take a look also at these contents 

We are on Instagram! You can now 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.

Share your immediate call feedback!

Did you know that after participating in a Cargotec investor or analyst call, you can give immediate feedback about it. After the session, we send participants a link to a brief web form, with which you can anonymously share your thoughts about the event, and about Cargotec as a company. Your feedback is valuable to us - have a look at the form at www.cargotec.com/pulse.

Consensus

Have a look at the latest VARA consensus estimates.

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