Latest news with #Cargotec
Business Insider
17-05-2025
- Business
- Business Insider
Analysts Offer Insights on Industrial Goods Companies: Airbus Group SE (OtherEADSF), Cargotec (OtherCYJBF) and AF Gruppen ASA (OtherAGRUF)
Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Airbus Group SE (EADSF – Research Report), Cargotec (CYJBF – Research Report) and AF Gruppen ASA (AGRUF – Research Report). Confident Investing Starts Here: Airbus Group SE (EADSF) Kepler Capital analyst Aymeric Poulain maintained a Buy rating on Airbus Group SE on May 15 and set a price target of EUR170.00. The company's shares closed last Friday at $179.48. Poulain has an average return of 1.3% when recommending Airbus Group SE. According to Poulain is ranked #364 out of 9558 analysts. Airbus Group SE has an analyst consensus of Strong Buy, with a price target consensus of $206.36, which is a 15.9% upside from current levels. In a report issued on May 2, Jefferies also upgraded the stock to Buy with a EUR175.00 price target. In a report issued on May 15, Johan Eliason from Kepler Capital maintained a Hold rating on Cargotec, with a price target of EUR45.00. The company's shares closed last Friday at $83.59, equals to its 52-week high of $83.59. Eliason has an average return of 25.5% when recommending Cargotec. According to Eliason is ranked #2770 out of 9558 analysts. Currently, the analyst consensus on Cargotec is a Hold with an average price target of $54.33. AF Gruppen ASA (AGRUF) Kepler Capital analyst Albin Sandberg maintained a Hold rating on AF Gruppen ASA on May 15 and set a price target of NOK150.00. The company's shares closed last Friday at $14.30, equals to its 52-week high of $14.30. Sandberg has an average return of 1.1% when recommending AF Gruppen ASA. According to Sandberg is ranked #9076 out of 9558 analysts. Currently, the analyst consensus on AF Gruppen ASA is a Hold with an average price target of $14.41.
Yahoo
01-04-2025
- Business
- Yahoo
Hiab enters Nasdaq Helsinki, driving sustainable growth and value following name change from Cargotec
HIAB CORPORATION, PRESS RELEASE, 01 APRIL 2025 AT 09:30 AM EEST Hiab enters Nasdaq Helsinki, driving sustainable growth and value following name change from Cargotec Hiab, a global leader in smart and sustainable load handling solutions, starts trading today as a standalone company on Nasdaq Helsinki. Hiab's entry to Nasdaq Helsinki follows Cargotec's Annual General Meeting's resolution on 26 March 2025 to change Cargotec's name to Hiab. The change of the parent company name from Cargotec Corporation to Hiab Corporation has been registered with the Finnish Trade Register on 31 March 2025. This milestone marks a new chapter for Hiab. Scott Phillips, President and CEO of Hiab says: 'With the company transformation and the name change, the shareholders of former Cargotec have shown their belief in Hiab's future growth. We are proud of this trust and aim at generating strong cash flow and sustainable value for our shareholders, solidifying our position as the leader in the load handling industry.' Hiab enters Nasdaq Helsinki with a clear strategy focused on profitable growth, and a motivated and experienced leadership team in place. By 2028, Hiab is targeting annual sales growth of over seven percent over the cycle, a comparable operating profit of 16 percent, and a return on capital employed over 25 percent*. Hiab's comprehensive portfolio, including well-known brands such as HIAB, MOFFETT, and MULTILIFT, serves essential industries worldwide, from waste and recycling, retail and last mile, to construction and defense logistics, among others. Hiab's "Employees First, Customer Next" philosophy underscores its dedication to fostering a safe, empowering, and sustainable working environment. Hiab is dedicated to sustainability. As a 1.5°C company, Hiab supports its customers' sustainability goals, with a focus on low-emission material sourcing and increased eco portfolio sales. Trading in former Cargotec's class B shares will continue with a new ticker 'HIAB' on the official list of Nasdaq Helsinki. The ISIN code of Hiab's class B shares is FI4000571013, the same as with Cargotec earlier. The ISIN code for Hiab's class A shares is FI4000571005, also remaining the same as with Cargotec. On the same day, Hiab Corporation publishes its corporate website The site provides Hiab stock exchange and press releases, financial information, as well as comprehensive information about Hiab as a company. Contact details for media and investor relations, and company images for media, are also available. * Operative ROCE defined as (Operating profit / Operative capital employed) Further information:Birgitte Skade, Executive Vice President, Marketing and Communications Email: Further information for investors:Aki Vesikallio, Vice President, Investor Relations,tel. +358 40 729 1670 About HiabHiab (Nasdaq Helsinki: 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. The company's continuing operations sales in 2024 totalled approximately EUR 1.6 billion and it employs over 4,000 people. in to access your portfolio
Yahoo
27-02-2025
- Business
- Yahoo
Cargotec publishes its 2024 annual report and financial statements
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 27 FEBRUARY 2025 AT NOON (EET) Cargotec publishes its 2024 annual report and financial statementsCargotec's annual report 2024 and financial statements for the financial year 1 January–31 December 2024 have been published in English and Finnish. The report consists of the annual review, financial review, corporate governance statement and remuneration report. The financial review consists of the Board of Directors' report, including the sustainability statement, as well as the financial statements, and audit and assurance reports. The sustainability statement has been compiled in accordance with the European Sustainability Reporting Standards (ESRS). In accordance with European Single Electronic Format (ESEF) reporting requirements, Cargotec publishes the Board of Directors' report and the consolidated financial statements as an XHTML file, which is the official ESEF version of Cargotec's financial review 2024. In line with the ESEF requirements, the primary financial statements have been labelled with XBRL tags and notes to the financial statements with XBRL block tags. Authorised Public Accountant Firm Ernst & Young Oy has provided an independent auditor's reasonable assurance report on Cargotec's ESEF consolidated financial statements. The assurance engagement has been conducted in accordance with International Standard on Assurance Engagements ISAE 3000. The XHTML file is available in Finnish. Together with the Annual Report, Cargotec also publishes its GRI Index 2024. All materials are available on the company website at APPENDICESCargotec annual report 2024Cargotec GRI index (XHTML file, in Finnish) For further information, please contact:Aki Vesikallio, Vice President, Investor Relations, tel. +358 40 729 1670Tytti McVeigh, Senior Sustainability Manager, Hiab, tel. +358 44 283 6013 Cargotec's (Nasdaq Helsinki: CGCBV) Hiab business 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. The company's continuing operations sales in 2024 totalled approximately EUR 1.6 billion and it employs over 4,000 people. Attachments Cargotec Annual Report 2024 Cargotec GRI Index 2024 (XHTML file, in Finnish)Sign in to access your portfolio
Yahoo
29-01-2025
- Business
- Yahoo
Cargotec's financial statements review 2024 to be published on Wednesday, 12 February 2025
CARGOTEC CORPORATION, PRESS RELEASE, 29 JANUARY 2025 AT 9:30 AM (EET) Cargotec's financial statements review 2024 to be published on Wednesday, 12 February 2025 Cargotec Corporation will publish its financial statements review 2024 on Wednesday, 12 February 2025 at approximately 9:00 a.m. EET. 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. EET. The event will be held in English. The report will be presented by President and CEO of Cargotec Casimir Lindholm, CFO Mikko Puolakka and President of Hiab Scott Phillips. The presentation material will be available on the publication day at by the latest 9:30 a.m. EET. To ask questions, please join the teleconference by registering via the following link: After the registration, the conference phone numbers and a conference ID to access the conference will be provided. Questions can be presented during the conference. The event can also be viewed as a live webcast at The conference call will be recorded and an on-demand version of the conference will be published on Cargotec's website later during the day. Please note that by dialling into the conference call, the participant agrees that personal information such as name and company name will be further information, please contact: Oscar Törnwall, IR Manager, tel. +358 40 7050 894, (Nasdaq Helsinki: CGCBV) Hiab business 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. The company's continuing operations sales in 2023 totalled approximately EUR 1.8 billion and it employs over 4,000 people. in to access your portfolio
