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 fourth quarter of 2020 is behind us, and we would like to remind you of some of the quarter's most important events. Cargotec’s Financial Statements review 2020 will be published on Thursday, 4 February 2021, and the silent period will commence on Thursday, 14 January 2021. 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 2021:
Cargotec's Financial Statements 2020 and Annual Report 2020 will be available at www.cargotec.com on week 8.
The Annual General Meeting of Cargotec Corporation will be held on Tuesday, 23 March 2021.
|Date (and booking quarter)||Business area||Description||Country/ Customer||Value|
|7 January 2021 (Q4/2020)||Kalmar||6 hybrid RTGs equipped with a suite of Kalmar SmartPort process automation solutions and a two-year M&S Services agreement for the Kalmar SmartPort software||USA/Total Terminals International, LLC||EUR 11 million|
|4 January 2021 (Q4/2020)||Kalmar||42 next-generation electric (NGE) straddle carriers||USA/Maher Terminals LLC||Not disclosed|
|17 December (Q4/20)||Kalmar||Approximately 400 terminal tractors||Not disclosed||Over EUR 30 million|
|16 November (Q4/20)||Kalmar||six-year Kalmar Care service agreement covering the supply of maintenance support personnel||North Ireland/Belfast Container Terminal Ltd.||Not disclosed|
On 18 December, Cargotec’s Extraordinary General Meeting resolved to approve the merger of Cargotec and Konecranes and the resolutions relating to the merger proposed to the general meeting. See below for more information about the merger.
On 3 December, we announced that Cargotec the Board of Directors has decided to initiate the actual sales process of Navis. We had earlier announced that we are evaluating the strategic options of Navis, which would include new ownership structures or a potential sale of Navis software business.
Also on 3 December, we announced that the Finnish Financial Supervisory Authority has approved the merger prospectus concerning the combination of Cargotec and Konecranes.
On 28 October, we announced that the Board of Directors has decided to establish a new share-based incentive programme for the Group key employees. The new Restricted Share Unit Programme 2020 is intended to function as a bridge programme for the transition period before the closing of the Transaction and forming the combined company in the merger.
On 9 October, we announced that the judicial process concerning Cargotec has been completed in the US. The claim was based on Cargotec allegedly having breached confidentiality obligations related to the negotiations. On 2 October 2020, the Supreme Court of Texas denied Cargotec’s opponent’s Petition for Review.
On 1 October, we announced that Cargotec's and Konecranes' respective Boards of Directors had signed a combination agreement and a merger plan to combine the two companies through a merger. More information about the merger.
Our current strategy period runs until end-2021. We have made good progress in services, digitalisation and productivity. The importance of sustainability continues to increase. Read about how our strategy progressed during 2020. Watch a video about the strategy progress in 2020.
On 8 December, we held a virtual sell side analyst call. In the call, Cargotec's CEO Mika Vehviläinen discussed Cargotec's and Konecranes' 1 October announcement and answered the participants' questions, among others.
Analyst call presentation (EGM material)
During Q4, 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.
Visit the IR calendar section on the Cargotec website for more information about upcoming and past events.
We created several videos during the quarter, and focused particularly on MacGregor.
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 (email@example.com).
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.