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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. Where are Cargotec’s shares listed?
Cargotec’s class B share is listed on the Nasdaq Helsinki stock exchange.
2. How many share series does Cargotec have?
Cargotec has two share series, out of which B share is listed.
3. How many outstanding shares does Cargotec have?
The number of B shares is 55,182,079 and the number of unlisted A shares is 9,526,089.
4. Who are Cargotec’s largest shareholders?
The list of Cargotec’s largest shareholders is updated every month and can be found under the shareholders section.
Cargotec’s three major shareholders are Wipunen varainhallinta Oy controlled by Ilkka Herlin, Mariatorp Oy controlled by Heikki Herlin and Pivosto Oy, a company controlled by Ilona Herlin. Together these shareholders hold approximately 37% of total shares and 69% of the votes.
5. What is the current share price?
Information about our current and past share prices can be found on shares section.
6. What is Cargotec’s dividend policy?
Cargotec aims for a growing dividend 30–50% of EPS.
You can find more information about dividend and dividend policy in shares section.
7. When is the dividend paid out?
For 2024, the Annual General Meeting approved on 30 May 2024 that a dividend of EUR 2.14 for each class A share and EUR 2.15 for each outstanding class B share will be paid. The dividend payment date is 10 June 2024. The dividend will be paid to shareholders who on the record date for dividend distribution, 3 June 2024, are registered as shareholders in the company's shareholder register.
