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 (email@example.com).
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 third quarter of 2018 is soon coming to its end, and here is a reminder of some highlights of the quarter. Cargotec’s January-September 2018 interim report will be published on Friday, 26 October 2018. The silent period will commence on Friday, 5 October 2018. If you would like to book a call with us before our silent period, please contact Tiina (firstname.lastname@example.org).
On 24 September, Cargotec announced its Board of Directors had confirmed the company's refined strategy for 2019-2021. With the business areas, Cargotec will continue to work towards the vision "Becoming the global leader in intelligent cargo handling".
During the current strategy period 2015-2018, the focus has been on leadership, services and digitalisation, and good progress has been made in all three areas. Services and digitalisation will continue to have a key role during the next strategy period, while leadership - still fundamentally important to the company - will now become an integrated part of Cargotec's processes.
In the coming strategy period, the new strategy elements are customer centricity and productivity.
Cargotec Corporation will disclose the following financial information in 2019:
Cargotec’s Financial Statements 2018 and Annual Report 2018 will be available here on week 8.
|Date (and booking quarter)||Business area||Description||Country/ Customer||Value|
|26 September (Q3/18)||Kalmar||12 hybrid straddle carriers, including maintenance and operator training as well as six months of on-site maintenance support||DP World Southampton||Not disclosed|
|26 September (Q3/18)||MacGregor||Complete hatch cover sets and container fixed fittings for eight 1,800 TEU container ships||Hyundai Mipo Dockyard (HMD), in South Korea||Not disclosed|
|7 September||Kalmar, Navis||Web-based fleet performance solution Bluetracker||Zeaborn Ship Management||Not disclosed|
|6 September (Q3/18)||Kalmar||Two Kalmar Ship-to-Shore (STS) cranes, including related spare parts||Curaçao Port Services B.V.||Not disclosed|
|13 August (Q3/18)||Kalmar||Three electrically powered rail-mounted gantry cranes (RMGs) with DCT specific customisation||Deepwater Container Terminal (DCT) Gdansk||Not disclosed|
|9 August (Q3/18)||Kalmar||10 new straddle carriers||Hamburger Hafen und Logistik AG (HHLA)||Not disclosed
On 18 September, Cargotec's Board of Directors confirmed the record date and payment date of the second instalment of the dividend. The second instalment of the dividend, which amounts to EUR 0.52 for each class A shares and EUR 0.52 for each class B shares outstanding, will be paid to shareholders who are registered in the shareholders' register maintained by Euroclear Finland Ltd on the record date 20 September 2018. The payment date was confirmed as 27 September 2018.
On 23 August, Cargotec announced Scott Phillips B.Sc. (Industrial Technology), MBA, (b. 1966, US citizen) had been appointed President of Hiab business area as of 1 October 2018. He will be a member of the Cargotec Executive Board and report to CEO Mika Vehviläinen. Scott Phillips joins Cargotec from General Electric where he holds the position of Vice President and CEO Mining.
Roland Sundén, current President of Hiab, will take up a corporate development role in Cargotec as of 1 October, continuing to report to Mika Vehviläinen and as a member of the Cargotec Executive Board.
On 31 July 2018, Cargotec announced Hiab had entered into an agreement to acquire the Effer loader cranes business from the CTE Group for an enterprise value of EUR 50 million. Effer, founded in 1965, has over 50 years' experience in developing and manufacturing knuckle-boom cranes, with its product range encompassing truck cranes with a 3 to 300 tm lifting capacity, special application truck cranes, and marine cranes. Effer S.p.A. is headquartered in Minerbio, Italy and has approx. 400 employees.
The acquisition is subject to regulatory approvals expected to be received in the second half of 2018. Effer's results will be consolidated into Hiab from the closing date.
On 19 July 2018, Cargotec announced it will start to repurchase its own shares. Between 20 and 26 July, a total of 150,000 own shares were repurchased. Cargotec Corporation now holds a total of 219.603 shares including the shares repurchased in July. Read more details about the repurchase on Cargotec’s Investors webpage.
On 13 September, Hiab introduced the upgraded JONSERED recycling crane range for heavy-duty recycling.
On 10 September, Hiab introduced new, pioneering building material crane models to strengthen its loader crane portfolio.
On 4 September, MacGregor introduced a new breakbulk cargo stowage solution, the Breakbulk Optimiser, which enables operators to rapidly and optimally plan the stowage of many different cargoes, increasing vessel utilisation rates significantly and therefore improving business performance.
During the third quarter, Cargotec attended the SEB Industrial and technology seminar in Stockholm and Credit Suisse Industrial conference in London. Take a look at the material from these events at Cargotec’s webpage.
In addition, we hosted roadshows in Hong Kong, Tokyo, Singapore, and London.
Read our latest IR blog Reflections from Cargotec IR roadshow in Asia - US equities considered "safe investments" by some Asian investors, written by Hanna-Maria Heikkinen, VP, Investor relations.
Cargotec attended Finnish SijoitusSummit 2018 in August. Watch the interview with CFO Mikko Puolakka about Cargotec as an investment (in Finnish). https://sijoitussummit.fi/haastattelut/cargotec-mikko-puolakka
Take a look at the latest consensus estimates.
On 30-31 October, we will organize Finnish Industrial Days together with Kemira and KONE in Singapore.
Site visit to the production facilities of Hiab and Kalmar in Stargard Szczecinski, Poland will be organized during March 2019. More information will follow.
Take a look at our IR calendar for other upcoming events and roadshows.