Cargotec updates its reporting structure due to the demerger, effective from 30 June 2024
2024年7月3日 - 4:00PM
Cargotec updates its reporting structure due to the demerger,
effective from 30 June 2024
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 3 JULY 2024 AT
10:00 A.M. (EEST)
Cargotec updates its reporting structure due to the
demerger, effective from 30 June 2024
As previously announced, the completion of the partial demerger
of Cargotec Corporation (“Cargotec”) (the
“Demerger”) and the incorporation of a new Kalmar
Corporation was registered in the Finnish Trade Register on 30 June
2024.
As a result of the Demerger, Cargotec has updated its segment
reporting and from 30 June 2024 onwards Cargotec has two reporting
segments, Hiab and MacGregor. The Kalmar segment has been removed.
The new reporting structure will be used in Cargotec’s half-year
financial report January–June 2024.
To provide a basis for comparison, Cargotec publishes its
reclassified financial information of reportable segments and
Corporate administration and support functions for all quarters of
2023 and the first quarter of 2024 separately, as well as for the
full year 2023. Corporate administration and support functions now
reflect continuing operations. Hiab and MacGregor financial
information remains unchanged.
Additionally, Cargotec starts publishing a new alternative
performance measure for its Hiab segment; Operative return on
capital employed (Operative ROCE, defined as operating profit /
operative capital employed, last 12 months). To provide a basis for
comparison, Cargotec publishes Hiab’s operative ROCE for all
quarters of 2023 and first quarter of 2024 separately.
Outlook for 2024 unchanged
The change in the reporting structure will not impact Cargotec’s
outlook for 2024 which was updated on 26 June 2024.
Cargotec estimates 1) Hiab’s comparable operating profit margin
in 2024 to be above 12 percent and MacGregor’s comparable operating
profit in 2024 to improve from 2023 (EUR 33 million).
1) The business area 2024 profitability outlook is presented
using the same principles which are applied in the 2023 external
financial reporting.
The reclassified financial information included in this release
is unaudited.
For further information, please contact:Mikko
Puolakka, CFO, tel. +358 20 777 4000Aki Vesikallio, Vice President,
Investor Relations, tel. +358 40 729 1670
Cargotec’s (Nasdaq Helsinki: CGCBV) businesses Hiab and
MacGregor enable smarter cargo flow for a better everyday with
leading cargo handling solutions and services. Hiab is a leading
provider of smart and sustainable on road load-handling solutions,
committed to delivering the best customer experience every day with
the most engaged people and partners. MacGregor is a leader in
sustainable maritime cargo and load handling with a strong
portfolio of products, services and solutions. The company's
continuing operations sales in 2023 totalled approximately EUR 2.5
billion and it employs over 6,000 people. www.cargotec.com
Segment information
Sales, MEUR |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
2023 |
Q1/24 |
Hiab |
432 |
485 |
420 |
450 |
1,787 |
415 |
MacGregor |
157 |
164 |
179 |
234 |
733 |
203 |
Internal sales |
0 |
0 |
0 |
0 |
0 |
0 |
Total |
589 |
648 |
598 |
684 |
2,519 |
617 |
Sales by geographical area, MEUR |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
2023 |
Q1/24 |
EMEA |
315 |
335 |
273 |
314 |
1,237 |
271 |
Americas |
176 |
198 |
194 |
198 |
766 |
199 |
Asia-Pacific |
97 |
115 |
132 |
172 |
516 |
147 |
Total |
589 |
648 |
598 |
684 |
2,519 |
617 |
Sales by geographical area, % |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
2023 |
Q1/24 |
EMEA |
54% |
52% |
46% |
46% |
49% |
44% |
Americas |
30% |
31% |
32% |
29% |
30% |
32% |
Asia-Pacific |
16% |
18% |
22% |
25% |
20% |
24% |
Total |
100% |
100% |
100% |
100% |
100% |
100% |
Operating profit and EBITDA, MEUR |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
2023 |
Q1/24 |
Hiab |
61.4 |
81.5 |
61.5 |
47.8 |
252.1 |
68.7 |
MacGregor |
-7.4 |
8.2 |
24.3 |
6.7 |
31.8 |
10.7 |
Corporate administration and support functions |
-12.3 |
-11.1 |
-9.2 |
-15.4 |
-48.0 |
-9.6 |
Operating profit |
41.7 |
78.6 |
76.7 |
39.0 |
236.0 |
69.7 |
Depreciation, amortisation and impairment* |
14.4 |
14.1 |
15.5 |
13.8 |
57.7 |
14.3 |
EBITDA |
56.0 |
92.7 |
92.2 |
52.8 |
293.7 |
84.0 |
*Includes the effects of allocating the acquisition cost of
businesses |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
2023 |
Q1/24 |
Hiab |
-0.8 |
-0.8 |
-0.8 |
-0.8 |
-3.1 |
-0.8 |
MacGregor |
-1.8 |
-1.7 |
-1.7 |
-1.7 |
-6.9 |
-1.7 |
Total |
-2.6 |
-2.5 |
-2.5 |
-2.5 |
-10.0 |
-2.5 |
Operating profit, % |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
2023 |
Q1/24 |
Hiab |
14.2% |
16.8% |
14.7% |
10.6% |
14.1% |
16.6% |
MacGregor |
-4.7% |
5.0% |
13.6% |
2.8% |
4.3% |
5.3% |
Total |
7.1% |
12.1% |
12.8% |
5.7% |
9.4% |
11.3% |
Items affecting comparability, MEUR |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
2023 |
Q1/24 |
Hiab |
0.0 |
0.1 |
0.0 |
0.0 |
0.1 |
0.0 |
MacGregor |
-8.0 |
-2.1 |
15.8 |
-6.5 |
-0.8 |
-1.4 |
Corporate administration and support functions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Items affecting comparability, total |
-8.0 |
-2.0 |
15.8 |
-6.5 |
-0.7 |
-1.5 |
Restructuring costs |
-3.3 |
-1.7 |
-2.0 |
-6.4 |
-13.4 |
-1.4 |
Other items affecting comparability |
-4.7 |
-0.3 |
17.8 |
-0.1 |
12.7 |
-0.1 |
Comparable operating profit, MEUR |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
2023 |
Q1/24 |
Hiab |
61.4 |
81.4 |
61.5 |
47.8 |
252.1 |
68.7 |
MacGregor |
0.7 |
10.3 |
8.5 |
13.1 |
32.6 |
12.1 |
Corporate administration and support functions |
-12.3 |
-11.1 |
-9.2 |
-15.4 |
-48.0 |
-9.6 |
Total |
49.7 |
80.6 |
60.9 |
45.5 |
236.7 |
71.2 |
Comparable operating profit, % |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
2023 |
Q1/24 |
Hiab |
14.2 % |
16.8 % |
14.7 % |
10.6 % |
14.1 % |
16.6 % |
MacGregor |
0.4 % |
6.3 % |
4.8 % |
5.6 % |
4.5 % |
6.0 % |
Total |
8.4 % |
12.4 % |
10.2 % |
6.7 % |
9.4 % |
11.5 % |
Orders received, MEUR |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
2023 |
Q1/24 |
Hiab |
380 |
375 |
311 |
401 |
1,466 |
386 |
MacGregor |
208 |
187 |
211 |
209 |
816 |
267 |
Internal orders received |
0 |
0 |
0 |
0 |
0 |
0 |
Total |
588 |
562 |
522 |
610 |
2,282 |
653 |
Orders received by geographical area, MEUR |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
2023 |
Q1/24 |
EMEA |
242 |
263 |
237 |
239 |
981 |
260 |
Americas |
197 |
179 |
133 |
187 |
697 |
197 |
Asia-Pacific |
149 |
120 |
152 |
184 |
604 |
195 |
Total |
588 |
562 |
522 |
610 |
2,282 |
653 |
Orders received by geographical area, % |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
2023 |
Q1/24 |
EMEA |
41% |
47% |
45% |
39% |
43% |
40% |
Americas |
34% |
32% |
25% |
31% |
31% |
30% |
Asia-Pacific |
25% |
21% |
29% |
30% |
26% |
30% |
Total |
100% |
100% |
100% |
100% |
100% |
100% |
Order book, MEUR |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
2023 |
Q1/24 |
Hiab |
1,121 |
1,007 |
900 |
799 |
799 |
770 |
MacGregor |
956 |
953 |
993 |
988 |
988 |
1,028 |
Internal order book |
1 |
1 |
1 |
1 |
1 |
1 |
Total |
2,078 |
1,961 |
1,894 |
1,788 |
1,788 |
1,799 |
All figures presented have been rounded, which may cause, for
example, the sum of individual figures to deviate from the
presented sum total.
Alternative performance measure
Operative return on capital employed (operative ROCE) (%),
last 12 months* |
Q1/23 |
Q2/23 |
Q3/23 |
Q4/23 |
Q1/24 |
|
Hiab |
32.7% |
33.4% |
33.4% |
30.7% |
30.9% |
|
*100 x Operating profit / Operative capital employed
Operative capital employed = Goodwill + intangible assets +
property, plant and equipment + investments in associated companies
and joint ventures + share investments + net working capital
Net working capital = Inventories + operative derivative assets
+ accounts receivable + contract assets + other operative
non-interest-bearing assets - provisions - operative derivative
liabilities - pension obligations - accounts payable - contract
liabilities - other operative non-interest-bearing liabilities
- Restatement release attachment EN
Ordinary (TG:C1C)
過去 株価チャート
から 9 2024 まで 10 2024
Ordinary (TG:C1C)
過去 株価チャート
から 10 2023 まで 10 2024