Cargotec Demerger Finalized: New Kalmar Corporation Formed

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Completion of Partial Demerger

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.

Reclassified Financial Information

To provide a basis for comparison, Cargotec publishes its reclassified financial information for 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). Operative ROCE is defined as operating profit divided by operative capital employed over the last 12 months. To provide a basis for comparison, Cargotec publishes Hiab’s operative ROCE for all quarters of 2023 and the first quarter of 2024 separately.

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Source: Cargotec