Cargotec Oyj

Cargotec Corporation reported a manager's transaction involving Jukka Moisio, a Member of the Board/Deputy member. The transaction, dated August 9, 2024, took place on the XHEL venue and involved the receipt of a share-based incentive consisting of 1,076 shares at a unit price of 0.00 EUR. For more information, contact Aki Vesikallio, Vice President of Investor Relations. Cargotec, listed on Nasdaq Helsinki, specializes in cargo handling solutions through its Hiab and MacGregor businesses. In 2023, Cargotec's sales totaled approximately EUR 2.5 billion, and the company employs over 6,000 people.

Cargotec Corporation announced a manager's transaction involving Luca Sra, a member of the Board. On August 9, 2024, Luca Sra received 860 shares as a share-based incentive with no unit price. For more information, contact Aki Vesikallio, Vice President of Investor Relations. Cargotec specializes in cargo handling solutions through its Hiab and MacGregor businesses, with 2023 sales of approximately EUR 2.5 billion and over 6,000 employees.

Cargotec Corporation reported a manager's transaction involving Raija-Leena Hankonen-Nybom, a member of the board. The initial notification, with reference number 5493002B0GOVF42KWX33_20240810083239_159, details a transaction dated August 9, 2024, on the XHEL venue. The transaction involved the receipt of 1,076 shares as part of a share-based incentive, with a unit price of 0.00 EUR. For more information, contact Aki Vesikallio, Vice President of Investor Relations. Cargotec, listed on Nasdaq Helsinki (CGCBV), includes businesses Hiab and MacGregor, which focus on cargo handling solutions. In 2023, Cargotec's sales were approximately EUR 2.5 billion, and the company employs over 6,000 people.

Cargotec Corporation announced a manager's transaction involving Ilkka Herlin, a member of the Board. On August 9, 2024, Herlin received 1,883 shares as part of a share-based incentive, with each share valued at 0.00 EUR. For more information, contact Aki Vesikallio, Vice President of Investor Relations. Cargotec, listed on Nasdaq Helsinki, operates businesses Hiab and MacGregor, which provide cargo handling solutions. In 2023, Cargotec's sales were approximately EUR 2.5 billion, and the company employs over 6,000 people.

Cargotec Corporation reported a transaction involving Ritva Sotamaa, a member of the Board, on August 12, 2024. Sotamaa received a share-based incentive comprising 914 shares at a unit price of 0.00 EUR. The transaction took place on August 9, 2024, at the XHEL venue. For further details, Aki Vesikallio, Vice President of Investor Relations, can be contacted. Cargotec, listed on Nasdaq Helsinki, operates businesses Hiab and MacGregor, which provide cargo handling solutions. In 2023, Cargotec's sales totaled approximately EUR 2.5 billion, and the company employs over 6,000 people.

For more information, please contact Aki Vesikallio, Vice President, Investor Relations, at +358 40 729 1670. Cargotec’s businesses, Hiab and MacGregor, provide advanced cargo handling solutions and services. Hiab specializes in on-road load-handling solutions, while MacGregor focuses on maritime cargo and load handling. In 2023, Cargotec's sales were approximately EUR 2.5 billion, and the company employs over 6,000 people. More details can be found at www.cargotec.com.

Cargotec Corporation released its half-year financial report for January–June 2024, highlighting its sixth consecutive quarter of good results and the completion of a partial demerger. Key points include: - Orders received increased in April–June 2024. - Comparable operating profit increased in January–June 2024. - The outlook for 2024 has been updated, with Hiab’s comparable operating profit margin expected to be above 13.5% and MacGregor’s above EUR 55 million. Following the partial demerger, Cargotec now has two reporting segments: Hiab and MacGregor, with Kalmar removed. The new reporting structure is reflected in this report, and reclassified financial information for prior periods has been published. Key financial figures show mixed results, with sales decreasing by 4% to EUR 625 million in the second quarter, but a 2% increase in comparable operating profit to EUR 82 million. Hiab faced challenges with delayed customer orders, while MacGregor saw strong demand and increased orders and sales. Cargotec’s balance sheet is strong post-demerger, with low gearing and net debt. Hiab is planning an efficiency improvement programme targeting EUR 20 million in cost savings by 2025. Cargotec aims to transform Hiab into a standalone company and is in the process of selling MacGregor. A telephone conference for analysts, investors, and media is scheduled, and further details are available on Cargotec’s website.

Cargotec Corporation's Board of Directors has decided to repurchase 400,000 class B shares to be used as rewards for its share-based incentive programs. The repurchase, authorized by the Annual General Meeting on 30 May 2024, will begin on 9 August 2024 at the earliest and will be conducted at market price on Nasdaq Helsinki Ltd. The authorization allows for a maximum acquisition of 952,000 class A shares and 5,448,000 class B shares. As of 7 August 2024, Cargotec held 384,050 class B shares. For more information, contact Executive Vice President and CFO Mikko Puolakka or Vice President of Investor Relations Aki Vesikallio. Cargotec, listed on Nasdaq Helsinki (CGCBV), specializes in cargo handling solutions through its Hiab and MacGregor businesses, with 2023 sales of approximately EUR 2.5 billion and over 6,000 employees.

Cargotec Corporation's Board of Directors has decided to adjust its ongoing share-based incentive programs due to the company's partial demerger, which was registered on June 30, 2024. The adjustments will ensure that rewards are payable in Cargotec shares only. The approximate maximum number of shares payable under various programs has been specified, including the Performance Share Programmes and Restricted Share Programmes for different periods. The rewards will also include a cash portion to cover taxes and related costs for key employees. Other terms of the incentive programs remain largely unchanged. For further information, contact Mikko Puolakka, Executive Vice President and CFO, or Aki Vesikallio, Vice President, Investor Relations. Cargotec's businesses, Hiab and MacGregor, specialize in cargo handling solutions and services, with 2023 sales totalling approximately EUR 2.5 billion and employing over 6,000 people.

Cargotec Corporation announced an update to its reporting structure following the partial demerger that took effect on 30 June 2024. As a result, Cargotec now has two reporting segments: Hiab and MacGregor, with the Kalmar segment removed. This new structure will be reflected in the company's half-year financial report for January–June 2024. To facilitate comparison, Cargotec has reclassified financial information for all quarters of 2023 and the first quarter of 2024, as well as for the full year 2023. The corporate administration and support functions now reflect continuing operations, while Hiab and MacGregor's financial information remains unchanged. Additionally, Cargotec will begin publishing a new performance measure for Hiab, Operative ROCE, and has provided this data for all quarters of 2023 and the first quarter of 2024. The change in reporting structure does not affect Cargotec’s 2024 outlook. Hiab’s comparable operating profit margin is expected to exceed 12%, and MacGregor’s comparable operating profit is projected to improve from 2023’s EUR 33 million. For further information, contact CFO Mikko Puolakka or Vice President of Investor Relations Aki Vesikallio. Cargotec’s businesses, Hiab and MacGregor, focus on smart and sustainable cargo handling solutions. In 2023, Cargotec's continuing operations sales amounted to approximately EUR 2.5 billion, employing over 6,000 people.