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Reports & presentations

January–March 2021 interim report

Invitation release Teleconference 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 Q1/2021

The first 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 interim report January-March 2021 will be published on Wednesday, 28 April 2021, and the silent period will commence on Wednesday, 7 April 2021. If you would like to book a call with us before our silent period, please contact Tiina (tiina.aaltonen@cargotec.com).

Cargotec’s financial information in 2021

Cargotec Corporation will disclose the following financial information in 2021:

  • Annual General Meeting, on Tuesday, 23 March 2021
  • Interim report January-March 2021, on Wednesday, 28 April 2021
  • Half year financial report January-June 2021, on Wednesday, 28 July 2021
  • Interim report January-September 2021, on Thursday, 28 October 2021

Orders announced in Q1/2021

Date (and booking quarter) Business area Description Country/ Customer Value
15 March (Q1/21) Kalmar 11 reachstackers, four empty container handlers and 12 heavy terminal tractors YILPORT Holding Inc. Not disclosed
11 March (Q1/21) MacGregor Wide range of electrically operated equipment, quarter stern ramps and doors, side ramps and doors, internal ramps and covers, internal doors, a liftable car deck, and the patented Load Monitoring System Japan/Nippon Yusen Kaisha (NYK Line) Not disclosed
9 March
(Q1/21)
Kalmar 12 fully automated AutoStrad™ straddle carriers Australia/Patrick Terminals Not disclosed
8 March (Q1/21) Kalmar 2 rubber-tyred gantry cranes (RTGs), 3 reachstackers, 2 empty container handlers, 6 terminal tractors Laos/Sitthi Logistics (Thailand) Co., Ltd. Not disclosed
24 February (Q1/21) Hiab 100 HIAB loader cranes UK/MV Commercial over EUR 5.7 million
17 February (Q1/21) Kalmar 10 hybrid straddle carriers Netherlands/Hutchison Ports ECT Rotterdam Not disclosed

All announced orders

Other announcements

On 24 February, we announced that Cargotec Corporation's Board of Directors has decided to exercise the authorisation of the Annual General Meeting on 27 May 2021 to repurchase company's own shares. Cargotec will repurchase 75,691 class B shares to be used as reward payments for Cargotec's share-based incentive programmes. The shares will be purchased at public trading on Nasdaq Helsinki Ltd. at the market price. The repurchases started on 25 February 2021.

On 4 February, we announced that the Board of Directors has resolved on the performance criteria for the share-based incentive programme for the year 2021. The performance share programme, approved by the Board of Directors in 2020, includes three performance periods, calendar years 2020–2022, 2021–2023 and 2022–2024. Each performance period includes one to three measuring periods.

On 28 January, we announced that Cargotec has closed the syndication regarding an EUR 300 million Term Loan Facility. The syndication was launched on the 30th November 2020 and the commitments received from the banks in the syndication led to significant oversubscription.

On 12 January, we announced that MacGregor concluded a settlement agreement on the TTS marine and offshore businesses purchase price.The settlement amount will have an approximately EUR 7 million positive impact on MacGregor’s first quarter 2021 operating profit.

2020 annual report provides extensive material from throughout the year

Cargotec's annual report 2020 and financial statements for the financial year 1 January–31 December 2020 was published in February. The report consists of the annual review, financial review, corporate governance statement and remuneration report.

Along with the annual report, we have collected other interesting 2020-related stories under one roof at the address www.cargotec.com/2020. Stories cover topics like strategy progress and business area activities in 2020, and our response to COVID-19 pandemic, among others.

CEO Mika Vehviläinen reviews the year 2020 (video)

Sustainability IR event held in March

Cargotec's Investor Relations arranged a sustainability presentation for analysts in early March. In the event, Päivi Koivisto, Cargotec's VP Sustainability, and Noora Jukkola, Manager Sustainability, presented Cargotec's sustainability approach, covered current topics like taxonomy and governance, and answered questions from the audience.

Watch a recording of the event

Our most recent videos - AGM, business areas, service business

We created several videos during the first quarter. Have a look at the pre-recorded Annual General Meeting reviews from our Chairman of the Board of Directors, Ilkka Herlin, and CEO Mika Vehviläinen. Below please also find links to videos where our business area presidents summarise their business area performances in 2020, and our service business leaders present their views on their respective businesses.

Other activities and events during Q1 2021

During Q1, 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.

Visit the IR calendar section on the Cargotec website for more information about upcoming and past events.

Take a look at these contents on our website

In our IR blog section, VP IR Hanna-Maria Heikkinen writes about investor relations in the WSB era: who has the right to give recommendations and who should retail investors listen to? Read also about the most frequently asked Q4 2020 questions, and many other stories.

Cargotec maintains a list with all mergers and acquisitions as well as divestments on the investor webpage - take a look at it here.

Cargotec’s investor relations offers a podcast channel in Finnish and English, listen to it here. Both Finnish and English podcasts are also available on iTunes.

Consensus

Take a look at the latest Vara consensus estimates.

Q4/20 pre-silent newsletter

Q4/20 pre-silent newsletter

Pre-silent newsletter Q4/2020

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 (tiina.aaltonen@cargotec.com).

Cargotec’s financial information in 2021

Cargotec Corporation will disclose the following financial information in 2021:

  • Financial Statements review 2020, on Thursday, 4 February 2021
  • Interim report January-March 2021, on Wednesday, 28 April 2021
  • Half year financial report January-June 2021, on Wednesday, 28 July 2021
  • Interim report January-September 2021, on Thursday, 28 October 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.

Orders announced in Q4/2020

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

All announced orders

Other announcements

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.

Read about our strategy progress in 2020

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.

Analyst calls held during Q4

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)

Investor activities and events during Q4 2020

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.

Have a look at our videos

We created several videos during the quarter, and focused particularly on MacGregor.

  • Have a look at how MacGregor's TTS integration process has proceeded and what are its main learnings.
  • MacGregor has been investing in applying its offshore technology knowledge into enabling the progression of renewable energy. See the video about the progress.
  • Another offshore wind business video can be found here: our IR Director Aki Vesikallio interviews MacGregor's Jane Chen and Leif Byström.
  • Have a look at the strategy progress video which was also created during the quarter.

Take a look at these contents on our website

Cargotec maintains a list with all mergers and acquisitions as well as divestments on the investor webpage - take a look at it here.

Cargotec’s investor relations offers a podcast channel in Finnish and English, listen to it here. Both Finnish and English podcasts are also available on iTunes.

Consensus

Take a look at the latest Vara consensus estimates.

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