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January–June 2021 half year financial report
Release Presentation Teleconference Webcast
Browse all Cargotec’s investor publications in this section. In case you need additional information, please contact Cargotec Investor Relations team.
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 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 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
| 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 |
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.
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 channel, Päivi 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.
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.
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.
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.
Have a look at the latest VARA consensus estimates.
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 2019 is coming to its end, and we would like to remind you of the most important events of the quarter. Cargotec’s Q3 2019 interim report will be published on Tuesday, 22 October 2019. The silent period will commence on Tuesday 1 October 2019. If you would like to book a call with us before our silent period, please contact Tiina (tiina.aaltonen@cargotec.com).
The publication date for the Interim report January–September 2019 is Tuesday, 22 October 2019.
| Date (and booking quarter) | Business area | Description | Country/ Customer | Value |
| 29 August (Q2/19) | Kalmar | 15 rubber-tyred gantry cranes (RTGs) with 24 months on-site maintenance support | India/Nhava Sheva International Container Terminal | Not disclosed |
| 20 August (Q3/19) | Kalmar | Upgrade four ZPMC ship-to-shore (STS) cranes | Morocco/EUROGATE Tanger | Not disclosed |
| 13 August (Q3/19) | Kalmar | Preventive and corrective maintenance services to customer's Las Palmas container terminal | Spain/Operaciones Portuarias Canarias S.A. (OPCSA) | Not disclosed |
| 18 July (Q3/19) | Hiab | Truck mounted forklifts with service contracts | USA/not disclosed | MEUR 29 |
On 13 September, Cargotec announced that it issues two senior unsecured bonds in the total aggregate nominal amount of EUR 250 million. The first approximately 5.5-year bond in the nominal amount of EUR 100 million matures on 23 January 2025 and it carries a fixed annual interest of 1.250 per cent. The other, 7-year bond in the nominal amount of EUR 150 million matures on 23 September 2026 and it carries a fixed annual interest of 1.625 per cent.
On 31 July, Cargotec’s MacGregor business area announced to have completed the acquisition of the marine and offshore businesses of TTS Group ASA. Cargotec announced in February 2018 an agreement to acquire the businesses for an enterprise value of approximately EUR 87 million. Completion of the acquisition follows receipt of required approvals from the relevant countries and authorities. The acquired businesses will be integrated within MacGregor's operating structure, and their results will be consolidated into MacGregor's financial figures as of 1 August 2019. Based on preliminary estimates, approximately 30 percent of TTS sales are related to TTS companies where the Group's ownership is 50 percent. Cargotec plans to consolidate these companies using the equity method, whereby 50 percent of the companies' net profit will be presented as a separate row in Cargotec's financial statements before EBIT. This means that sales income from these companies will not be consolidated into Cargotec's sales.
On 4 September, Cargotec IR organised a site visit for analysts and investors to Hiab’s and Kalmar’s sites in Stargard, Poland, where their main assembly units are located. The visit involved presentations given by the local managers, Q&A sessions and a field tour of the assembly facilities. Read a blog post of the event, or take a look at the presentation materials (Kalmar, Hiab) of the event.
In addition, Cargotec hosted roadshows in Helsinki, Stockholm, London, and Paris.
Cargotec maintains a list with all mergers and acquisitions as well as divestments on the investor webpage - take a look at it here.
For the Finnish audience, Cargotec’s investor relations has started a podcast channel. Listen on Soundcloud the latest Finnish episode. You can also find quarterly webcasts in English there. Both Finnish and English podcasts are also available on iTunes.
Take a look at the latest Vara consensus estimates.
Cargotec will participate in the Finnish Industrial Days in China together with Kone, Wärtsilä and Kemira and organise a site visit in Shanghai on 25 September.
Take a look at our IR calendar for other upcoming events and roadshows in 2019.
