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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. When does Cargotec publish its financial results?
The publication date varies from year to year. Please refer to our IR calendar to find publication dates.
2. What is the basis of preparation of Cargotec’s financial statements?
Cargotec Corporation’s consolidated financial statements are prepared according to the International Financial Reporting Standards (IFRS) as adopted by the European Union.
3. What is Cargotec’s reporting currency?
The consolidated financial statements are presented in euros, which is the functional and reporting currency of the parent company.
4. Who are Cargotec’s auditors?
Cargotec's statutory auditor is Ernst & Young Oy.
5. Why does Cargotec use alternative performance measures (APM)?
Cargotec uses and presents alternative performance measures (APMs) to better convey underlying business performance and to enhance comparability from period to period. APMs are reported as complementary information.
Read more about APMs in section calculation of key figures.
6. What is included in restructuring costs?
Restructuring costs include restructuring provisions, asset impairments and disposals, expenses for vacant premises and other restructuring-related expenses in case of a significant restructuring programme of Cargotec or its business area.
