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Why invest in Cargotec
On 27 April 2023, Cargotec's Bopard of Directors decided to investigate and initiate a process to potentially separate its core businesses Kalmar and Hiab into two standalone companies. On 30 May 2024, Cargotec's Annual General Meeting resolved on the partial demerger of Cargotec Corporation in accordance with the demerger plan. On 30 June 2024, the completion of the partial demerger of Cargotec Corporation was registered with the Finnish Trade Register. Read more
Here you can find some frequently asked questions about Cargotec as an investment. Questions are divided to categories which can be accessed from the navigation list. In case you have other questions, please contact Investor Relations team.
1. What are Cargotec’s performance targets?
Please read more from the Performance targets page.
2. What are Cargotec’s business areas?
Cargotec’s business areas are Hiab and MacGregor.
In April 2023, Cargotec announced that its Board of Directors has initiated an investigation to potentially separate Cargotec’s core businesses Kalmar and Hiab into two standalone companies. On 1 February 2024, Cargotec’s Board of Directors approved a demerger plan concerning the separation of Kalmar into a new listed company. The completion date of the demerger was 30 June 2024. More information about the demerger.
3. What are Cargotec’s main customer segments?
All business areas serve different customer segments. You can find the main customers by business areas here.
4. When was Cargotec founded?
Cargotec Corporation was formed in June 2005 when Kone Corporation demerged into two companies to be listed, Cargotec and KONE. However, the history of Cargotec did not start that year but over 100 years ago when Kalmar, one of Cargotec’s three business areas, started its operations.
Read more about Cargotec’s history.
5. How many people does Cargotec employ?
Cargotec employs more than 6,000 people.
6. How much of Cargotec’s net sales is allocated to R&D?
In 2023, R&D expenditure totalled around EUR 98 million, representing 2.1 percent of sales (including discontinued operations).
1. Who are the members of the Board of Directors?
Cargotec Corporation's Annual General Meeting was held on 30 May 2024. The number of the Board members was confirmed at seven (7). Raija-Leena Hankonen-Nybom, Ilkka Herlin and Ritva Sotamaa were re-elected as Board members. Eric Alström, Jukka Moisio, Tuija Pohjolainen-Hiltunen and Luca Sra were elected as new Board members.
2. Who are the members of Cargotec’s Leadership Team?
The list and information about the members of the leadership team can be found in Governance section.
3. What are Board members’ annual remunerations?
Based on the decision of the AGM of 30 May 2024, the Board’s annual remuneration is as follows:
Approximately 50 percent of the yearly remuneration will be paid in Cargotec Corporation's class B shares and the rest in cash. The company will cover the transfer taxes related to board remuneration paid in shares. The members of the Board of Directors will be paid a meeting fee of EUR 3,000 per meeting for meetings held on a different continent than where the Board member is domiciled and a meeting fee of EUR 1,500 per meeting for additional meetings held outside the regular board and committee meeting cadence. Expenses related to travel and accommodation as well as other costs directly related to board and committee work shall be reimbursed in accordance with company policy.
4. How are Cargotec’s Executive Board members remunerated?
More information about remuneration can be viewed here.
Information about the AGM can be found here.
