Inside information: MacGregor settles the dispute with a monopile installation vessel customer and Cargotec starts the sales process of MacGregor
2024年5月28日 - 5:15PM
Inside information: MacGregor settles the dispute with a monopile
installation vessel customer and Cargotec starts the sales process
of MacGregor
CARGOTEC CORPORATION, INSIDE INFORMATION, 28 MAY 2024 AT 11:15
AM (EEST)
Inside information: MacGregor settles the dispute with a
monopile installation vessel customer and Cargotec starts the sales
process of MacGregor
As announced on 30 April 2024 in conjunction with Cargotec’s
interim report January–March 2024, MacGregor has had a dispute
related to one and only monopile installation vessel project.
MacGregor and the customer have now settled this dispute.
The settlement will have an approximately EUR 25 million
negative impact on MacGregor’s second quarter 2024 operating
profit. The costs will be reported as items affecting comparability
as the costs are related to a one of its kind pilot project and the
product is no longer in MacGregor’s sales portfolio.
Booking of the settlement cost will not impact Cargotec’s
outlook on MacGregor’s comparable operating profit for 2024, which
was published on 1 February 2024. Cargotec estimates MacGregor’s
comparable operating profit in 2024 to improve from 2023 (EUR 33
million).
MacGregor’s core businesses, merchant and services, are
performing well. MacGregor’s offshore business’ performance,
however, has been overall unsatisfactory. While the traditional
offshore solutions business has performed well and it has been
profitable, projects related to two new offshore wind solutions
have caused losses due to their pilot nature and technical
challenges.
MacGregor has therefore now decided to stop offering the
monopile installation solution and it is no longer in MacGregor’s
sales portfolio. Another offshore wind solution, containing
advanced technologies for the servicing of offshore wind turbines,
is still a part of MacGregor offering. There are approximately ten
of these smaller loss-making offshore pilot projects to be
finalised mainly in 2024. MacGregor will not commit to any new
pilot projects until all technical challenges are solved.
These actions are the final stage of the restructuring programme
to turn around the offshore business. Offshore wind projects
represent less than half of MacGregor’s offshore equipment related
order book, which amounted to EUR 87 (Q1/23: 134) million at the
end of the first quarter 2024.
Cargotec’s Board of Directors decided on 14 November 2022 that
MacGregor will not be part of Cargotec’s portfolio in the future.
However, from a value creation perspective, the timing for
divesting the business was not ideal. Since that, MacGregor’s
performance and market conditions have clearly improved, and with
the above-described dispute now being settled, Cargotec has decided
to proceed with the sale process of MacGregor.
“It is an important milestone for us to reach a settlement with
the customer related to the monopile installation vessel project.
Our solution is technically advanced but we were unable to reach
agreement between the companies on the way forward in the lengthy
project. Having the dispute resolved means that we are in an even
stronger position than before to further build on our profitability
journey,” says Leif Byström, President, MacGregor.
For more information:Leif Byström, President,
MacGregor, tel. +46 70 674 3022Aki Vesikallio, Vice President,
Investor Relations, Cargotec, tel. +358 40 729 1670
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for
a better everyday with its leading cargo handling solutions and
services. Cargotec's business areas Kalmar, Hiab and MacGregor are
pioneers in their fields. Through their unique position in ports,
at sea and on roads, they optimise global cargo flows and create
sustainable customer value. Cargotec has signed the United Nations
Global Compact Business Ambition for 1.5°C. The company's sales in
2023 totalled approximately EUR 4.6 billion and it employs around
11,300 people. www.cargotec.com
Cargotec (TG:C1C)
過去 株価チャート
から 5 2024 まで 6 2024
Cargotec (TG:C1C)
過去 株価チャート
から 6 2023 まで 6 2024