Cargotec Company Profile and Analysis

Cargotec is a Finnish company that's been around since 1915, making it a veteran in the industry.

Cargotec's history dates back to 1915 when it was founded as Kone Oy.

The company's name was changed to Kone Corporation in 1970, and then to Cargotec in 2007, reflecting its focus on cargo handling solutions.

Cargotec is a leading global provider of cargo handling solutions, with a strong presence in the ports and industrial equipment sectors.

Cargotec's financials are a reflection of the company's growth and stability. The company's sales have been steadily increasing over the years, with Hiab's sales reaching $1.79 billion in 2023.

One notable trend is the fluctuation in sales across different business units. For example, Kalmar's sales peaked at $2.05 billion in 2023, while Mac Gregor's sales experienced a decline in 2021.

The company's market capitalization is substantial, with a weighted average by capitalization of $26.79 billion as of the last available data.

Here are some key financial metrics for Cargotec's competitors:

These companies have experienced significant growth in their market capitalization over the years, with PACCAR, INC. seeing a 63.22% increase in the last three years.

Cargotec Corporation's sales by activity show a significant increase in recent years. Hiab's sales, for example, rose from $1.09 billion in 2020 to $1.79 billion in 2023.

Kalmar's sales also saw a notable increase, jumping from $1.53 billion in 2020 to $2.05 billion in 2023. However, Mac Gregor's sales experienced a decline from $642 million in 2020 to $733 million in 2023.

Group Administration's sales were negative across all years, ranging from -$1.2 million in 2020 to -$400,000 in 2023.

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The geographical breakdown of Cargotec Corporation's sales reveals some interesting trends. The company's sales in the Other EMEA region have been steadily increasing, reaching 1.97B in 2023.

In 2024, the Northern America region accounted for 685M in sales, a significant contribution to the company's overall revenue. The Asia-Pacific region, on the other hand, saw a decline in sales, reaching 108M in 2024.

Cargotec's sales in Finland have been fluctuating, with a high of 79.2M in 2020 and a low of 42.2M in 2024. The United States of America has been a significant market for the company, with sales reaching 1.4B in 2023.

Here's a breakdown of Cargotec's sales by region in 2024:

Cargotec's leadership team is comprised of experienced professionals who have been appointed to their roles since 2023 and 2024. Ilkka Herlin serves as the Chairman of the Board of Directors, a position he has held since May 29, 2024.

The Board of Directors consists of seven members, with a mix of ages ranging from 53 to 66 years old. The directors have been appointed to their roles on various dates between 2023 and 2025. Here is a list of the Board of Directors members:

The President and CEO of Cargotec is Casimir Lindholm, who has held this position since an unspecified date.

The Board of Directors composition is a crucial aspect of any company's leadership. The Cargotec Corporation's Board of Directors is comprised of seven members, each with a unique title and level of experience.

Ilkka Herlin serves as the Chairman, a position he has held since May 29, 2024. His extensive experience and leadership skills make him an ideal candidate for this role.

Lars Lindholm, Eric Per Jerker Alström, Jukka Matias Moisio, Luca Sra, and Tuija Pohjolainen-Hiltunen are all Board Members, with Eric Per Jerker Alström being the youngest at 58 years old.

Raija-Leena Hankonen-Nybom and Ritva Sotamaa are also Board Members, with Raija-Leena Hankonen-Nybom and Ritva Sotamaa having been on the Board since March 22, 2023, making them two of the most experienced members.

Here is a list of the Board of Directors members, including their titles and ages:

At Cargotec, leadership is in good hands with a team of experienced professionals. Casimir Lindholm serves as the President and CEO, overseeing the company's overall strategy and direction.

Casimir Lindholm is supported by a strong leadership team, including Jussi Henttonen, who brings his expertise as Chief Engineer to the table. Jussi's technical knowledge is invaluable in driving innovation and growth.

Jouni Auer, Chief Information Security Officer, ensures the company's digital presence is secure and protected. His expertise in cybersecurity is a vital asset to the organization.

The company also has a Chief Engineer, Jimmy Bengtsson, who contributes to the development of new technologies and solutions. His experience in engineering has been a driving force behind Cargotec's success.

A strong leadership team is essential for any organization, and Cargotec has a talented group of professionals in key positions. Here is a list of some of the key leaders at Cargotec:

Cargotec's leadership team is well-rounded and experienced, with a mix of technical and business expertise.

As a leader, you're likely no stranger to the importance of technology in driving business success. Couchbase is a key technology used by Cargotec, allowing for seamless integration with cloud-native systems.

Cargotec's tech stack is a reflection of their commitment to innovation. They're using HTML5 for front-end development, enabling fast and responsive user experiences.

The company's use of Timely for appointment scheduling management shows they're serious about streamlining operations. This helps reduce wait times and improves overall efficiency.

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Balanced is another technology used by Cargotec, facilitating secure online payments. This ensures a smooth and trustworthy experience for customers.

Cargotec's ERP system is powered by Priority, providing a robust and scalable solution for managing business operations. This helps them stay organized and make informed decisions.

Here's a snapshot of Cargotec's technology stack:

By leveraging these technologies, Cargotec is able to drive business success and stay ahead of the competition.

Cargotec's ownership is dominated by the Herlin family, with Ilkka Herlin's Wipunen Varainhallinta Oy, Niklas Herlin's estate Mariatorp Oy, and Ilona Herlin's Pivosto Oy each managing over 22% of the votes.

Ilkka Herlin's Wipunen Varainhallinta Oy is one of the major shareholders, holding a significant amount of voting power.

The Herlin family's influence on Cargotec's ownership structure is substantial, with Ilona Herlin joining the group in 2015.

The major shareholders of Cargotec are quite influential. Ilkka Herlin, Niklas Herlin's estate, and Ilona Herlin each manage over 22% of votes.

Ilkka Herlin's heirs, Ilkka Herlin and Niklas Herlin's estate, have a significant stake in Cargotec. They each own over 22% of the company's votes.

Ilona Herlin, who manages Pivosto Oy, also has a substantial share in Cargotec. She has been a part of the company's ownership structure since August 2015.

These shareholders have a substantial impact on Cargotec's decision-making process. Their combined influence is considerable.

In the context of ownership and structure, sector classification is a crucial aspect to consider. Industrials is one of the main sectors that businesses fall under.

Industrial Goods is a subcategory within Industrials, encompassing a range of products and services. Machinery, Equipment & Components is a further breakdown of Industrial Goods.

Heavy Machinery & Vehicles is a specific type of Machinery, Equipment & Components. Other Heavy Machinery & Vehicles is a more detailed classification within Heavy Machinery & Vehicles.

Cargotec's ratings are based on a weighted average of various rankings, including Global Valuation, EPS Revisions, and Visibility.

The company's Investor rating is a composite of Fundamentals, Global Valuation, EPS Revisions, and Visibility, indicating a comprehensive assessment of its financial health and growth prospects.

Cargotec's composite rating is an average of rankings based on Fundamentals, Valuation, Financial Estimates Revisions, Consensus, and Visibility, providing a well-rounded view of the company's performance.

Here are the key components of Cargotec's composite rating:

Cargotec's estimated annual revenue is $778.8M, and its estimated revenue per employee is $140,000.

Cargotec's estimated annual revenue is currently $778.8M per year.

This is a significant figure, and it's worth noting that Cargotec's estimated revenue per employee is a whopping $140,000.

Ratings can be a complex topic, but let's break it down. There are different types of ratings, each with its own calculation method.

A super rating is a weighted average of three ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). This rating is meant to give a comprehensive view of a company's overall performance.

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For investors, a super composite rating is calculated using a weighted average of four ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). This rating is specifically designed to help investors make informed decisions.

There's also a composite rating that's the average of five ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). To be calculated, a company must be covered by at least four of these five ratings.

Another composite rating is calculated using the average of three ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). For this rating to be calculated, a company must be covered by at least two of these three ratings.

Here's a summary of the different types of ratings and their calculation methods:

Cargotec is focusing on sustainability and growth in its profitable core businesses, specifically Hiab, Kalmar Mobile Solutions, and Kalmar's horizontal products.

The company is holding an online update for analysts, investors, and media on Wednesday, 30 March 2022 at 10.00 am EEST.

Cargotec's operations are divided into three business areas: Kalmar, Hiab, and MacGregor. These business areas have distinct focuses, but they all contribute to the company's overall mission.

Kalmar focuses on cargo handling solutions, providing equipment and services for ports and terminals. Hiab specializes in on-road cargo handling, offering a range of cranes and forklifts. MacGregor, on the other hand, provides solutions for the marine and offshore industries.

Cargotec's products and services are designed to improve efficiency, productivity, and safety in various industries. The company's solutions are used in ports, terminals, and other logistics facilities around the world.

The Kalmar business area has a strong presence in the global terminal tractor market, with a significant share of the market. Hiab's cranes are widely used in the construction and industrial sectors. MacGregor's solutions are used in the shipbuilding and offshore industries.

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