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Reports & presentations

2021 financial statements review to be published on Thursday, 3 February 2022

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 Q4/2021

As the year is soon coming to its end, we would like to highlight some of the most notable events of the fourth and last quarter of 2021. Cargotec’s Financial statements review 2021 will be published on Thursday, 3 February 2022, and the silent period starts on Thursday, 13 January 2022.

Remember to register to our pre-silent call
We will arrange a pre-silent call with our CFO Mikko Puolakka on 10 January at 11am EET. Please register to the call via this form no later than on Wednesday 5 January, if you haven't already done so.

Cargotec’s financial information in 2022

Cargotec Corporation will disclose the following financial information in 2022:

- Financial Statements review 2021, on Thursday, 3 February 2022
- Interim report January–March 2022, on Wednesday, 27 April 2022
- Half year financial report January–June 2022, on Wednesday, 27 July 2022
- Interim report January–September 2022, on Wednesday, 26 October 2022

Cargotec's Financial Statements 2021 and Annual Report 2021 will be available at www.cargotec.com on week 8.

Announced orders in Q4 2021

 

Date (and booking quarter) Business area Description Country/Customer Value
1 December (Q4/21) Kalmar 4 diesel-electric straddle carriers Jamaica/Kingston Freeport Terminal Limited (KFTL) Not disclosed
30 November (Q4/21) Kalmar three-year Kalmar Care service agreement Sweden/Holmen Iggesund Not disclosed
25 November (Q4/21) Kalmar 34 Kalmar Straddle Carriers Belgium/MPET and PSA Not disclosed (significant order)
18 November (Q4/21) MacGregor Design & key components, fabrication and delivery of hatch covers for twelve containerships Japan/Japan Marine United Not disclosed (significant order)

All announced orders

Other releases from Q4

On 15 December, Kalmar held its customer event, the New Era of Logistics and launched three new 100% electrically powered solutions – the Kalmar Electric Reachstacker, the Kalmar Electric Heavy Forklift and the Kalmar Ottawa Electric Terminal Tractor.

In the event, Kalmar also announced the introduction of the Kalmar Robotic Portfolio – a future range of intelligent, flexible and autonomous mobile equipment solutions. The portfolio will consist of the Kalmar RoboTractor, RoboLifter, RoboStacker and RoboHandler, and prototypes are currently being tested at different sites around the world.

Kalmar also announced the launch of Kalmar Tracker, an automated container information solution for reachstackers designed to enable safer and more efficient management of container movements.

In December, Cargotec was awarded with a B in CDP’s Climate change rating. The scoring varies from a scale from A to D-. This is the second year in a row for Cargotec to receive CDP’s B rating, which indicates that we are taking coordinated actions on climate issues.

In November, Cargotec announced a voluntary total redemption of the EUR 150 million senior unsecured notes issued on 28 March 2017 which have a maturity date 28 March 2022 (ISIN: FI4000243316). Cargotec announced irrevocably that on 28 December 2021, Cargotec will redeem the Notes in whole at their principal amount, together with any accrued but unpaid interest in accordance with the terms and conditions of the Notes. Cargotec will use existing liquidity reserves to finance the redemption.

In October, Cargotec appointed Michel van Roozendaal, former President of MacGregor, as President of the Kalmar Mobile Solutions strategic business unit. Following Mr. van Roozendaal’s appointment, Leif Byström, former MacGregor’s Chief Operating Officer and Interim Head of the Offshore Solutions Division, was appointed President of the MacGregor business area.

All releases

Merger-related activities during Q4 2021

On 9 December, we announced progress in regulatory proceedings in the merger between Cargotec and Konecranes: The companies have submitted commitments to the European Commission to satisfy competition concerns.

On 26 November, we announced that Cargotec and Konecranes note CMA’s announced Provisional Findings regarding the planned merger of Cargotec and Konecranes.

On 4 November, we announced the planned high-level operating model and leadership team of the Future Company.

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 Q4

During Q4, we have kept up our active engagement with the financial markets. We met investors on virtual roadshows and hosted standalone meetings and calls with investors and analysts.

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, we are keen to meet you in-person as well, whenever the situation allows.

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 

Cargotec's refined strategy was published in April this year. Our refined vision is to become global leader in sustainable cargo flow. Check our fresh strategy video to learn about our progress during 2021.

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.

Q3/21 pre-silent newsletter

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.

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