Cargotec Oyj

Ticker/ISIN

CGCBV

FI0009013429

Marknad/Land

Main Market, Helsinki

Sweden

Om Cargotec Oyj

Cargotec is a provider of cargo handling solutions whose products are used in materials handling hubs such as local transportation, terminals, ports, distribution centres and ships. Cargotec has three business areas: * Hiab - supplies on-road load-handling solutions.* Kalmar - provides solutions for container, trailer and other heavy material handling. * MacGREGOR - focuses on the design, delivery and servicing of marine cargo flow solutions. Cargotec's main customers include truck owner-operators, transportation companies, distribution centres, logistics companies, terminals, port operators, shipyards, ship owners, ship operators as well as heavy industry and defence industry.

Senaste sammanfattade pressmeddelande från Cargotec Oyj

Cargotec Corporation will release its 2024 financial statements review on Wednesday, February 12, 2025, at around 9:00 a.m. EET. The report will be accessible on their website after publication. A live international telephone conference for analysts, investors, and media will occur at 10:00 a.m. EET on the same day, conducted in English. Presentations will be given by Cargotec's President and CEO Casimir Lindholm, CFO Mikko Puolakka, and Hiab President Scott Phillips. Presentation materials will be available online by 9:30 a.m. EET. Interested participants can join the teleconference by registering online, after which conference details will be provided. The event will also be streamed live online and recorded for later viewing. Participation in the conference call requires consent to the collection of personal information. For more details, contact Oscar Törnwall, IR Manager. Cargotec's Hiab business specializes in smart and sustainable load-handling solutions and reported sales of approximately EUR 1.8 billion in 2023, employing over 4,000 people.

Nyheter för investerare: Cargotec's financial statements review 2024 to be published on Wednesday, 12 February 2025

för en månad sedan

Cargotec Corporation has announced that its MacGregor business area will be reported as discontinued operations following a sales agreement expected to close by July 1, 2025. This change will be reflected from the fourth quarter of 2024. Additionally, the Kalmar business area, due to a partial demerger, is also reported as discontinued operations. Cargotec's financial information for 2023 and the first three quarters of 2024 has been restated to reflect these changes. The company will update its segment reporting, removing the MacGregor segment and planning to introduce Equipment and Services segments from the first quarter of 2025. Hiab remains the only reporting segment in the 2024 financial statements. The restated financial information is unaudited, and further reclassified information will be published later. Cargotec's continuing operations sales in 2023 were approximately EUR 1.8 billion, employing over 4,000 people.

Övrig information som ska lämnas enligt börsens regler: Cargotec's restated financial information for 2023 and Q1-Q3 2024, MacGregor will be presented as discontinued operations due to the signed sales agreement

för 2 månader sedan

Cargotec Corporation issued a correction to its previous stock exchange release regarding its financial information for 2025. The initial release had an incorrect date for the company's Annual General Meeting. The corrected information states that Cargotec will publish its 2024 Financial Statements and Annual Report in week 9 of 2025 on its website. The Annual General Meeting is scheduled for 26 March 2025. Shareholders wishing to propose agenda items for the meeting must notify the Board of Directors by 13 January 2025. Cargotec, listed on Nasdaq Helsinki as CGCBV, operates businesses Hiab and MacGregor, focusing on smart and sustainable cargo handling solutions. In 2023, Cargotec's sales were approximately EUR 2.5 billion, and it employed over 6,000 people. For more information, Aki Vesikallio, Vice President of Investor Relations, can be contacted.

Finansiell kalender: Correction: Cargotec's financial information in 2025

för 3 månader sedan

Cargotec Corporation's Board of Directors has approved new share-based incentive programs for its management and key employees. These include a Performance Share Programme (PSP) and a Restricted Share Programme (RSP). The PSP covers the years 2025–2027, with rewards based on earnings per share to be paid in 2028, targeting about 70 key employees with a maximum of 90,000 class B shares. The RSP is a retention tool for specific employees, also covering 2025–2027, with a maximum of 10,000 class B shares rewarded in 2028. Both programs include a cash portion to cover taxes. Cargotec's businesses, Hiab and MacGregor, focus on smart and sustainable cargo handling solutions. In 2023, Cargotec's sales were approximately EUR 2.5 billion, employing over 6,000 people.

Övrig information som ska lämnas enligt börsens regler: Cargotec's Board of Directors has approved new share-based key employee incentive programmes

för 3 månader sedan

Cargotec Corporation has announced its schedule for releasing financial information in 2025. The company will publish its Financial Statements and Annual Report for 2024 on its website during week 9. The Annual General Meeting is set for March 26, 2025, and shareholders wishing to propose agenda items must contact the Board by January 13, 2025. Cargotec, listed on Nasdaq Helsinki under the ticker CGCBV, operates through its Hiab and MacGregor businesses, which focus on smart and sustainable cargo handling solutions. In 2023, Cargotec reported sales of approximately EUR 2.5 billion and employs over 6,000 people. For more information, Aki Vesikallio, Vice President of Investor Relations, can be contacted.

Finansiell kalender: Cargotec's financial information in 2025

för 3 månader sedan

Cargotec Corporation has agreed to sell its MacGregor business to Triton-managed funds for EUR 480 million to support the growth of its Hiab division. This transaction is part of Cargotec's strategic transformation to establish Hiab as a standalone entity, expected by April 2025. Following the sale, Cargotec plans to change its name to Hiab and appoint Scott Phillips as CEO, while current CEO Casimir Lindholm will step down. The sale is anticipated to close by July 2025, pending regulatory approvals. Cargotec will record a EUR 200 million tax-exempt loss due to the transaction, with additional separation costs of EUR 25 million. The proceeds will also fund Hiab’s growth and potentially pay extra dividends. The transaction aligns with Cargotec's strategy to enhance shareholder value by separating its business units. MacGregor will be reported as discontinued operations from Q4 2024, and Cargotec's financial outlook remains unaffected.

Insiderinformation: Inside information: Cargotec sells MacGregor business to funds managed by Triton for an enterprise value of EUR 480 million to support Hiab's future growth

för 4 månader sedan

Cargotec Corporation reported stable financial results for the seventh consecutive quarter in its interim report for January to September 2024. The company witnessed an increase in orders received in the third quarter, with a total of EUR 597 million, and sales amounting to EUR 590 million. The comparable operating profit rose by 14% to EUR 70 million, representing 11.8% of sales. Cargotec has updated its reporting structure following a partial demerger, now focusing on two segments: Hiab and MacGregor. Hiab's orders increased by 16%, although sales decreased by 8% to EUR 388 million. Hiab's profitability remained strong with a comparable operating profit of EUR 59 million. MacGregor saw a 12% increase in orders and a 13% rise in sales, with a comparable operating profit of EUR 20 million. Cargotec revised its 2024 outlook, estimating Hiab’s operating profit margin to exceed 14.0% and MacGregor’s profit to surpass EUR 65 million. The company is progressing in selling MacGregor and preparing Hiab for a standalone future. A telephone conference for analysts and media was scheduled to discuss the report.

Interimsrapport: Cargotec's interim report January-September 2024: Seventh quarter in a row with good and stable results

för 5 månader sedan

Cargotec Corporation announced the completion of its share repurchase program, initially declared on August 7, 2024. Between August 9 and September 27, 2024, the company repurchased 400,000 shares at an average price of 46.6784 EUR. The repurchases were authorized by the Annual General Meeting on May 30, 2024, and the shares will be used for the company's share-based incentive programs. Cargotec now holds a total of 784,050 shares. For more information, contact Mikko Puolakka, Executive Vice President and CFO, or Aki Vesikallio, Vice President of Investor Relations. Cargotec’s businesses, Hiab and MacGregor, focus on smart cargo handling solutions. In 2023, Cargotec's sales were approximately EUR 2.5 billion, and the company employs over 6,000 people.

Övrig information som ska lämnas enligt börsens regler: Cargotec has completed share repurchases announced in August

för 5 månader sedan

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Nyhetsuppdatering från Cargotec Oyj för 5 månader sedan

Förändringar i återköpta aktier: Cargotec Corporation: Share Repurchase 25.9.2024

For further 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, focusing on customer experience and sustainability. MacGregor offers maritime cargo and load-handling solutions with a strong emphasis on sustainability. In 2023, Cargotec reported sales of approximately EUR 2.5 billion and employs over 6,000 people. For more details, visit www.cargotec.com.

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