Brief: Cargotec Proposes Dividend Of EUR 2.14 For Each Class A Share

Hiab Oyj

01/02/2024 08:13

Feb 1 (Reuters) - Cargotec Corp  CGCBV.HE :
    * CARGOTEC'S FINANCIAL STATEMENTS REVIEW 2023: RECORD YEAR
IN
SALES AND PROFITABILITY
    * ORDER BOOK AMOUNTED TO EUR 2,812 (31 DEC 2022: 3,541) MLN
AT END
OF PERIOD
    * Q4 SALES EUR 1,193 MLN VS EUR 1,179.7 MLN SEEN IN VARA
CONSENSUS
    * Q4 ORDERS RECEIVED EUR 1,015 MLN VS EUR 977.1 MLN SEEN IN
VARA
CONSENSUS
    * OUTLOOK 2024: ESTIMATES(1) HIAB'S COMPARABLE OPERATING
PROFIT
MARGIN IN 2024 TO BE ABOVE 12 %
    * OUTLOOK 2024: KALMAR'S COMPARABLE OPERATING PROFIT MARGIN
IN
2024 TO BE ABOVE 11 %
    * OUTLOOK 2024: MACGREGOR'S COMPARABLE OPERATING PROFIT IN
2024 TO
IMPROVE FROM 2023 (EUR 33 MLN)
    * IN KALMAR, Q4 WAS STRONG FINISH FOR RECORD YEAR
    * IN HIAB, QUARTER WAS FIFTH QUARTER IN A ROW WITH STABLE
LEVEL OF
ORDERS RECEIVED
    * MACGREGOR IS UNDERGOING SUCCESSFUL TURNAROUND ACCORDING TO
PLAN
    * OUR OPERATIVE CASH FLOW IN 2023 WAS ALL-TIME HIGH AND OUR
BALANCE SHEET IS VERY STRONG
    * BOD PROPOSES TO AGM RECORD DIVIDEND OF EUR 2.14 FOR EACH
CLASS A
SHARE
    * BOD PROPOSES TO AGM DIVIDEND OF EUR 2.15 FOR EACH
OUTSTANDING
CLASS B SHARE
    * COST SAVINGS: WE REDUCED APPROXIMATELY 300 ROLES GLOBALLY
IN Q4
AND WE ARE CONFIDENT REACHING TARGET

Source text for Eikon:  ID:nGNE3bbMkq 
Further company coverage:  CGCBV.HE 

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