CGCBV Cargotec Oyj Class B

Cargotec Corporation: Share Repurchase 19.9.2024

Cargotec Corporation: Share Repurchase 19.9.2024

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 19 SEPTEMBER 2024 AT 6.30 PM (EET)
   
   
CARGOTEC CORPORATION: SHARE REPURCHASE 19.9.2024 
   
In the Helsinki Stock Exchange  
   
Trade date          19.9.2024 
Bourse trade        Buy 
Share                 CGCBV 
Amount            6 000Shares
Average price/ share   48,7027EUR
Total cost           292 216,20EUR
   
   
Cargotec Corporation now holds a total of 736 050 shares
including the shares repurchased on 19.9.2024 
   
   
On behalf of Cargotec Corporation  
   
Nordea Bank Oyj  
   
Janne Sarvikivi          Sami Huttunen 



For further information, please contact:

Aki Vesikallio, Vice President, Investor Relations, tel. 0

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. Cargotec's sales in 2023 totalled approximately EUR 2.5 billion and it employs over 6,000 people.

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19/09/2024

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Reports on Cargotec Oyj Class B

Tomi Railo
  • Tomi Railo

Cargotec (Buy, TP: EUR60.00) - Strong core Hiab – solid non-core

We have raised our 2024–2026e clean EPS by c5% on average after stronger-than-expected Q3 orders and clean EBIT, especially in Hiab. We reiterate our BUY and have raised our target price to EUR60 (57). We still see value-creation potential from a MacGregor exit.

 PRESS RELEASE

Cargotec's interim report January–September 2024: Seventh quarter in a...

Cargotec's interim report January–September 2024: Seventh quarter in a row with good and stable results CARGOTEC CORPORATION, INTERIM REPORT JANUARY–SEPTEMBER 2024, 23 OCTOBER 2024 AT 9:00 AM (EEST) Cargotec's interim report January–September 2024: Seventh quarter in a row with good and stable results Orders received increased in Hiab and MacGregorStrong profitability and cash flowSales process of MacGregor progressing according to planOutlook specified for Hiab and MacGregor Unless otherwise stated, the financial information in this report concerns Cargotec's continuing operati...

 PRESS RELEASE

Cargotecin osavuosikatsaus tammi–syyskuulta 2024: Seitsemäs peräkkäine...

Cargotecin osavuosikatsaus tammi–syyskuulta 2024: Seitsemäs peräkkäinen tuloksellisesti hyvä ja vakaa vuosineljännes CARGOTEC OYJ, TAMMI–SYYSKUUN 2024 OSAVUOSIKATSAUS, 23.10.2024 KLO 9.00 Cargotecin osavuosikatsaus tammi–syyskuulta 2024: Seitsemäs peräkkäinen tuloksellisesti hyvä ja vakaa vuosineljännes Saadut tilaukset kasvoivat sekä Hiabissa että MacGregorissaVahva kannattavuus ja rahavirtaMacGregorin myyntiprosessi etenee suunnitelmien mukaisestiHiabin ja MacGregorin näkymät täsmennetty Ellei toisin mainita, tässä raportissa esitetyt taloudelliset tiedot koskevat Cargotecin jatkuvi...

 PRESS RELEASE

Cargotec’s January–September 2024 interim report to be published on We...

Cargotec’s January–September 2024 interim report to be published on Wednesday, 23 October 2024 CARGOTEC CORPORATION, PRESS RELEASE, 9 OCTOBER 2024 AT 9:30 AM (EEST) Cargotec’s January–September 2024 interim report to be published on Wednesday, 23 October 2024 Cargotec Corporation will publish its January–September 2024 interim report on Wednesday, 23 October 2024 at approximately 9:00 a.m. EEST. The report will be available at after publication. A live international telephone conference for analysts, investors and media will be arranged on the publishing day at 10:00 a.m. EEST. The even...

Tomi Railo
  • Tomi Railo

Cargotec (Buy, TP: EUR57.00) - Orders and profitability in focus

For the Q3 results, due on 1 November (time TBA), we expect Hiab orders and clean EBIT to be in focus, while to-be-exited MacGregor (MG) orders and clean EBIT are also of interest. We have raised our 2024–2026e clean EPS by c2% on average, and reiterate our BUY with an increased target price of EUR57 (53).

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