Cargotec Oyj

Latest Results (10.04.2026):

Cargotec Oyj — Q4 2024 (full‑year 2024 results): Cargotec’s Annual Report 2024 shows continuing‑operations sales of EUR 1,647 million for the year, with orders received EUR 1,509 million (+3% y/y), an end‑of‑period order book of EUR 648 million (‑19% y/y) and comparable operating profit of EUR 217 million (‑1% y/y), equal to a 13.2% comparable operating profit margin. The report also covers the partial demerger of Kalmar, a signed agreement to sell MacGregor (enterprise value EUR 480 million) and a Board proposal to rename the remaining company Hiab in 2025.

Headline numbers

Sales (continuing operations): EUR 1,647m (down ~8% vs 2023). Orders received: EUR 1,509m (+3% vs 2023). Order book: EUR 648m (‑19% vs 2023). Comparable operating profit: EUR 217m (slight decrease vs 2023); comparable operating profit margin: 13.2%.

Profitability

Comparable operating profit for continuing operations was EUR 217m, a small decline from the prior year despite lower sales — management cites successful inflation control, sourcing and supply‑chain actions that supported margin resilience.

Orders & order book

Orders received improved modestly (+3%) with growth driven by the Americas; however the order book declined c.19% year‑on‑year reflecting normalisation of backlog and lower equipment sales.

Business‑area detail — Hiab

Hiab (the continuing business in the report) delivered strong performance: Hiab comparable operating profit as a business area was EUR 245m (margin ~14.9%), service sales EUR 462m (≈28% of total sales), and 45 new solutions launched in 2024. Hiab orders were a key driver of the group orders growth.

Corporate actions with financial relevance

The partial demerger of Kalmar into a separately listed company was completed (registered 30 June 2024). In November 2024 Cargotec signed an agreement to sell MacGregor to Triton‑managed funds for an enterprise value of EUR 480m; closing expected by 1 July 2025. The Board proposes renaming the remaining company to Hiab (effective 1 Apr 2025).

Sustainability & safety that affect financial outlook

Total greenhouse gas emissions for continuing operations fell ~21% vs 2023 (partly due to lower sales but with contributions from higher eco‑portfolio share). Lost‑time injuries and safety programmes were highlighted as priorities; service and eco‑portfolio sales remain material contributors to resilience and recurring revenue.