Pressmeddelanden, rapporter och bolagsmeddelande för Cargotec Oyj

Cargotec Corporation announced the completion of its partial demerger, which has been registered with the Finnish Trade Register as of June 30, 2024. This demerger involves the transfer of all assets, debts, and liabilities related to the Kalmar business area to Kalmar Corporation. Following this, Nasdaq Helsinki approved the listing of Kalmar’s class B shares, which will begin trading on July 1, 2024, under the code "KALMAR." Cargotec’s class B and class A shares will continue trading with new ISIN codes. Shareholders will have their new Kalmar shares registered in their accounts around July 1, 2024. The demerger also affects Cargotec’s senior unsecured notes, with a consent fee and an early bird consent fee to be paid to noteholders by July 12, 2024. Cargotec’s remaining businesses, Hiab and MacGregor, continue to operate with a focus on smart and sustainable cargo handling solutions. The company’s sales in 2023 were approximately EUR 2.5 billion, employing over 6,000 people. The securities related to this demerger are not registered under U.S. law and are not intended for public offering in the United States.

Cargotec Corporation announced on 26 June 2024 that its Board of Directors has decided to complete the partial demerger of the company, resulting in the incorporation of Kalmar as a separate entity by 30 June 2024. Consequently, Cargotec has updated its 2024 outlook, estimating Hiab's comparable operating profit margin to exceed 12 percent and MacGregor's operating profit to improve from EUR 33 million in 2023. The outlook for Hiab and MacGregor remains unchanged from the earlier forecast published on 1 February 2024. Kalmar's business has been removed from Cargotec's 2024 outlook due to the demerger. For more information, contact CFO Mikko Puolakka or Vice President of Investor Relations Aki Vesikallio. Cargotec, listed on Nasdaq Helsinki, is known for its cargo handling solutions and services, with 2023 sales of approximately EUR 4.6 billion and around 11,300 employees.

Cargotec Corporation announced the completion of its partial demerger, with the Finnish Trade Register set to register the demerger on 30 June 2024. This demerger will transfer all assets, debts, and liabilities related to the Kalmar business area to a new entity, Kalmar Corporation. Cargotec shareholders will receive one new share in Kalmar for each Cargotec share they own, excluding treasury shares. A total of 64,324,118 Kalmar shares will be issued, divided into 9,526,089 class A shares and 54,798,029 class B shares. Trading in Kalmar's class B shares on Nasdaq Helsinki is expected to start on 1 July 2024. Cargotec's share capital will decrease, and its share premium reserve will dissolve. The leadership team for Kalmar has been confirmed. Cargotec and Kalmar have no plans to register or offer securities in the United States. The release includes forward-looking statements subject to risks and uncertainties.

Cargotec Corporation announced that it has applied for Kalmar to be listed on Nasdaq Helsinki following the approval of a demerger plan. This plan involves transferring all assets, debts, and liabilities related to the Kalmar business area to a new entity, Kalmar Corporation. The decision was made during Cargotec’s Annual General Meeting on 30 May 2024. Shareholders will receive one new Kalmar share for each Cargotec share they own. The demerger is expected to be completed by 30 June 2024, with trading of Kalmar’s class B shares starting on 1 July 2024 under the code "KALMAR". Kalmar focuses on sustainable material handling equipment and services, operating in over 120 countries with 2023 sales of approximately EUR 2.0 billion. Cargotec, known for its cargo handling solutions, had 2023 sales of approximately EUR 4.6 billion. The release also includes disclaimers about U.S. securities regulations and forward-looking statements, cautioning readers about potential risks and uncertainties.

Cargotec Corporation's Board of Directors held its organizing meeting for 2024, during which Ilkka Herlin was elected as Chair and Jukka Moisio as Vice Chair. The Board considers all members independent of the company, with the exception of Ilkka Herlin, who is not independent of major shareholders. The Audit and Risk Management Committee members are Eric Alström, Raija-Leena Hankonen-Nybom (Chair), and Tuija Pohjolainen-Hiltunen. The Nomination and Compensation Committee includes Ilkka Herlin (Chair), Jukka Moisio, and Ritva Sotamaa. The Demerger Committee, established in 2023, has been dissolved. Senior Vice President and General Counsel Outi Aaltonen will continue as Secretary to the Board. Cargotec, listed on Nasdaq Helsinki, focuses on cargo handling solutions and services, with 2023 sales of approximately EUR 4.6 billion and around 11,300 employees.

Cargotec Corporation held its Annual General Meeting on May 30, 2024, in Helsinki, Finland. Key decisions included approving a dividend distribution of EUR 2.14 per class A share and EUR 2.15 per class B share, with payments scheduled for June 10, 2024. The financial statements and remuneration policies for 2023 were adopted, and discharge from liability was granted to the Board and CEO. The Board will consist of seven members, with several re-elections and new appointments. Board remuneration was confirmed, with half paid in shares. Ernst & Young Oy was re-elected as the auditor. The meeting also authorized the Board to repurchase shares and issue new shares, options, and other rights. A partial demerger of Cargotec was approved, leading to the incorporation of Kalmar Corporation with its own Board and remuneration policies. The share capital of Cargotec was reduced from EUR 64,304,880 to EUR 20,000,000. The company’s 2023 sales were approximately EUR 4.6 billion, and it employs around 11,300 people.

Cargotec Corporation announced that MacGregor has settled a dispute with a monopile installation vessel customer, which will negatively impact MacGregor's second-quarter 2024 operating profit by approximately EUR 25 million. This cost will be reported as a non-comparable item due to its unique nature. Despite this, Cargotec's outlook for MacGregor's comparable operating profit in 2024 remains positive, with an expected improvement from 2023. MacGregor has decided to cease offering the monopile installation solution and will not undertake new pilot projects until technical challenges are resolved. This decision is part of a broader restructuring effort to improve the offshore business. With the dispute settled, Cargotec has initiated the sale process of MacGregor, as previously decided by the Board of Directors. MacGregor's core merchant and services businesses are performing well, although the offshore segment has faced challenges. The company aims to finalize several smaller loss-making offshore projects mainly in 2024. Cargotec's overall sales in 2023 were approximately EUR 4.6 billion.

Cargotec Corporation has announced new long-term financial targets for its Hiab business area and shared details on the planned management for Hiab as a standalone company. This announcement is in preparation for the Capital Markets Day on May 28, 2024. Cargotec is undergoing a structural change to separate into three distinct businesses: Kalmar, Hiab, and MacGregor. Kalmar is set to become a separate listed company by July 1, 2024, and a solution for MacGregor is expected within the year. Consequently, Hiab will operate as an independent entity. New financial targets for Hiab and Kalmar have been established, with Kalmar's targets already published. Hiab aims to achieve significant financial performance by 2028 and maintain a climate target of reducing greenhouse gas emissions by 50% by 2030. Cargotec also plans to propose a name change to Hiab and appoint Scott Phillips as the President and CEO, with Mikko Puolakka as CFO. Further details will be provided during the Capital Markets Day event.

The Finnish Financial Supervisory Authority has approved the prospectus for the partial demerger of Cargotec and the listing of Kalmar Cargotec Corporation. The original stock exchange release contained an erroneous key figure, which has been corrected. The demerger plan was announced on 1 February 2024, with all assets, debts, and liabilities related to the Kalmar business area to be transferred to Kalmar Corporation. The completion of the demerger is subject to approval by the Annual General Meeting of Cargotec on 30 May 2024 and is expected to be registered in the Finnish Trade Register by 30 June 2024. Trading in Kalmar's class B shares on the Nasdaq Helsinki is expected to begin on 1 July 2024.

The Finnish Financial Supervisory Authority has approved the partial demerger of Cargotec and the listing of Kalmar Cargotec Corporation. The demerger plan involves the transfer of all assets, debts, and liabilities of Cargotec related to the Kalmar business area to Kalmar Corporation. The Board of Directors of Cargotec has proposed that the Annual General Meeting (AGM) of Cargotec to be held on 30 May 2024 would approve the Demerger Plan. The completion of the Demerger is expected to be registered in the Finnish Trade Register on or about 30 June 2024, and trading in Kalmar’s class B shares on the official list of Nasdaq Helsinki is expected to begin on 1 July 2024. The demerger and listing prospectus prepared by Cargotec on behalf of Kalmar has been approved by the Finnish Financial Supervisory Authority.