Cargotec Oyj

Latest Results (21.05.2026):

Cargotec Oyj — Q4 2024 (full-year 2024 results from the Annual Report 2024): Cargotec reported full‑year 2024 sales of EUR 1,647 million (down ~8% YoY) and orders received of EUR 1,509 million (up ~3% YoY). Comparable operating profit for continuing operations was EUR 217 million, representing a 13.2% margin. The order book declined to EUR 648 million at year‑end (‑19%). The company completed the Kalmar partial demerger (30 June 2024) and signed an agreement in November 2024 to sell MacGregor for an enterprise value of EUR 480 million (expected closing by 1 July 2025). Greenhouse gas emissions for continuing operations decreased ~21% vs 2023.

Revenue and orders

Full‑year sales: EUR 1,647m (‑8% vs 2023). Orders received: EUR 1,509m (+3% vs 2023), with order growth driven by the Americas.

Profitability

Comparable operating profit (continuing operations): EUR 217m, or 13.2% of sales. The group reported a small decline in comparable operating profit versus 2023 despite lower sales, helped by inflation management and sourcing actions.

Hiab (continuing business area) performance

Hiab reported continued strength: business‑area comparable operating profit of EUR 245m (14.9% margin for Hiab), service sales of EUR 462m (≈28% of total sales) and eco‑portfolio sales of EUR 476m (≈29% of total sales). Hiab launched multiple new products and expanded dealer partnerships in North America.

Order book and backlog

Order book at year‑end: EUR 648m (‑19% YoY), reflecting normalization of equipment volumes after prior order strength.

Corporate actions affecting results

Key strategic moves in 2024: the partial demerger/listing of Kalmar was completed (30 June 2024). An agreement to sell MacGregor was signed in Nov 2024 for an enterprise value of EUR 480m, with closing expected by 1 July 2025. The Board proposed renaming the remaining company to Hiab.

ESG and other operational metrics

Greenhouse gas emissions (continuing operations) decreased ~21% vs 2023 (mainly driven by lower sales and increased eco‑portfolio share). Safety initiatives and employee engagement improved, with a Compass survey response rate >82% and other safety programmes reported.