CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 26 JUNE 2024 AT 1:10 P.M. (EEST)
Cargotec updates its outlook for 2024 due to the completion of the Kalmar demerger
Cargotec Corporation ("Cargotec") announced on 26 June 2024 that Cargotec's Board of Directors has decided to complete the partial demerger of Cargotec (the "Demerger") and that the completion of the Demerger and the incorporation of Kalmar as a separate new company would be registered on 30 June 2024. Cargotec updates its outlook for 2024 to take the anticipated completion of the Demerger into account.
Updated outlook for 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.
Background for the updated outlook
The outlook for Hiab and MacGregor businesses, which was originally published on 1 February 2024, has not been amended. As the Demerger is expected to be completed on 30 June 2024, the Kalmar business has been removed from Cargotec's outlook for 2024.
For further information, please contact:
Mikko Puolakka, CFO, tel. +358 20 777 4000
Aki Vesikallio, Vice President, Investor Relations, tel. +358 40 729 1670
Cargotec
