Cargotec Oyj

Latest Results (07.10.2025):

Cargotec Oyj has released its half-year financial report for January–June 2024, marking the sixth consecutive quarter of strong performance and the successful completion of its partial demerger. Both Hiab and MacGregor segments continue to demonstrate robust profitability, while the company initiates strategic actions to enhance efficiency and support future growth.

Strong Segment Performance

Hiab maintained a strong comparable operating profit margin of 15.9% in the second quarter, while MacGregor's comparable operating profit rose to EUR 21 million. Additionally, Cargotec has commenced the sales process for MacGregor, signaling strategic growth initiatives.

Order Book and Sales

Orders received increased by 4% to EUR 584 million in the second quarter, contributing to a total order book of EUR 1,691 million at the end of the period. Although overall sales decreased by 4% to EUR 625 million, service sales saw a 6% increase, reaching EUR 212 million and representing 34% of consolidated sales.

Eco Portfolio and Operating Profit

Eco portfolio sales experienced a 13% decline, totaling EUR 188 million, which accounted for 30% of consolidated sales. Operating profit for the quarter stood at EUR 52 million, reflecting 8.3% of sales. Comparable operating profit saw a 2% increase to EUR 82 million, driven primarily by MacGregor's project settlements.

Outlook and Strategic Initiatives

Cargotec projects Hiab’s comparable operating profit margin for 2024 to exceed 13.5% and expects MacGregor’s comparable operating profit to surpass EUR 55 million. The company has updated its reporting structure following the partial demerger and continues to focus on enhancing efficiency and supporting profitable growth across its segments.