Cargotec Corporation, Annual Report 2006
Total Page：16
File Type：pdf, Size：1020Kb
Cargotec Key Figures Annual Report 2006 Year Cargotec’s Annual Report 2006 Financial period Pro forma Financial period Pro forma 2006 2005 Jun 1–Dec 31, 2005 2004 Orders received MEUR 2,910 2,385 1,366 2,337 Order book Dec 31 MEUR 1,621 1,257 1,257 1,219 Sales MEUR 2,597 2,358 1,419 1,900 Operating income MEUR 239.5 194.8 124.6 123.9 Net income for the period MEUR 166.1 136.6 87.4 78.1 Return on equity % 20.2 19.2 20.8 12.6 Return on capital employed % 23.1 20.9 21.9 12.9 Gearing % 12.3 15.7 15.7 43.0 Sales by Business Area Sales by Market Area Employees by Market Area Hiab 35% EMEA 53% EMEA 71% Kalmar 46% Americas 28% Americas 14% MacGREGOR 19% Asia Pacific 19% Asia Pacific 15% Sales and Operating Income from Orders Received* Net Income for Operations (%*) Order Book** the Period MEUR % MEUR MEUR 3,000 12 3,000 200 2,500 10 2,500 150 2,000 8 2,000 100 1,500 6 1,500 50 1,000 4 1,000 0 04* 05* 06 500 2 500 2004: MEUR 78.1 0 0 0 Sörnäisten rantatie 23 04** 05** 06 04 05 06 2005: MEUR 136.6 2006: MEUR 166.1 P.O. Box 61 2004: MEUR 1,900 6.5% 2004: MEUR 2,337 * Pro forma FI-00501 Helsinki 2005: MEUR 2,358 7.6% MEUR 1,219 FINLAND 2006: MEUR 2,597 8.5% 2005: MEUR 2,385 Tel. +358 204 55 11 * 2005: excluding EUR 15.4 million MEUR 1,257 Fax +358 204 55 4275 gain on the sale of Consolis 2006: MEUR 2,910 2006: excluding EUR 17.8 million Business Identity Code 1927402-8 gain on the sale of property MEUR 1,621 ** Pro forma * Pro forma for 2004 and 2005 [email protected] ** Pro forma for 2004 www.cargotec.com Cargotec is the world’s leading Annual General Meeting Product Glossary Cargotec Corporation’s Annual General Meeting will be held provider of cargo handling so- at the Marina Congress Centre, Katajanokanlaituri 6, Helsinki, on Monday, February 26, 2007 at 3:00 p.m. Shareholders lutions, with net sales amoun- wishing to attend the meeting must be registered on the Hiab YYardard ccranesranes are MacGREGOR Cargotec shareholder register at the Finnish Central used in large ting to EUR 2.6 billion in 2006. Securities Depository no later than February 16, 2007. TTruck-mountedruck-mounted lloa-oa- terminals. They are able to stack Optimised dderer ccranesranes are used in many app- containers wider and higher cargo fl ow The company employs close to Shareholders must register by 4:00 p.m. on February 21, 2007. lications, such as transportation than other equipment. Products solutions 9,000 people and has activities Shareholders must register to attend the meeting by mail of building materials or industrial include rubber-tired gantry cranes, delivered for all types of dry cargo (Cargotec Corporation, Shareholder register, P.O. Box 61, products, in construction etc. rail mounted cranes and automa- ships include ddeckeck ccranes,ranes, in approximately 160 countries. FI-00501 Helsinki), by fax (+358 204 55 4275), by telephone tic stacking cranes. ccustomisedustomised hhatchatch covers,covers, fi xxeded (+358 204 55 4284) or over the Internet (www.cargotec.com). DDemountablesemountables are used on trucks aandnd llooseoose llashingashing ssystemsystems aandnd Any proxies must be submitted at the same time. for loading and unloading SStraddletraddle ccarriersarriers bbulkulk hhandlingandling ssystems.ystems. containers and are often used in Dividend Payment Cargotec boosts material fl ows demountable medium-sized CCargoargo aaccessccess eequipmentquipment aandnd The Board of Directors will propose to the Annual General platforms. ports and large aadvanceddvanced llashingashing ssystemsystems are by providing equipment, Meeting convening on February 26, 2007 that of the distri- terminals for the transportation delivered for butable profi t, a dividend of EUR 0.99 per class A share and A ttailail lliftift in the back of a truck ma- of containers from shipside to the car carriers, systems and services for the EUR 1.00 per class B share in circulation be paid. Only those kes the effi cient use of a delivery container yard and to the loading coastal RoRos loading and unloading of goods registered as shareholders at the Finnish Central Securities truck possible area. Straddle carriers are used and RoPax Depository by March 1, 2007, the record date for dividend especially where for transporting, stacking, loading ferries. in local transports, terminals, distribution, are entitled to dividends. The date proposed by small lots are and unloading containers. Offering also the Board of Directors for the payment of dividends is continuously loaded and unloaded. includes design and supply of ports, distribution centers and March 8, 2007. RReachstackerseachstackers land and port systems. combine strength Financial Reports in 2007 Hiab ships. Cargotec’s three global A ttruck-mountedruck-mounted with versatility. They are often Tankers are supplied Sörnäisten rantatie 23 Cargotec Corporation will publish the following fi nancial fforkliftorklift sits on the used to stack containers in small with electro hydraulic P.O.Box 61 business areas, Hiab, Kalmar reports in 2007 in English and Finnish: rear of a truck. At the destination, and medium-sized terminals and cranes and naval ships FI-00501 Helsinki, Finland - Interim report covering the period January–March 2007, it can transport the load to places in multi-purpose terminals. with hhatchatch Tel. +358 204 55 4401 and MacGREGOR, are all market on Monday, April 23, 2007 unreachable by the truck. It takes ccovers,overs, Fax +358 204 55 4511 - Interim report covering the period January–June 2007, less than a minute to dismount, SShuttlehuttle ccarriersarriers are used for the ccranes,ranes, RRoRooRo aaccess,ccess, aandnd otherother [email protected] leaders in their fi eld. Cargotec’s on Thursday, July 19, 2007 or to mount, the truck-mounted rapid and effi cient ccargoargo hhandlingandling eequipment.quipment. class B shares are quoted on - Interim report covering the period January–September www.hiab.com forklift. transportation of 2007, on Thursday, October 18, 2007 containers from DDryry bbulkulk hhandlingandling the Helsinki Stock Exchange. FForestryorestry aandnd shipside to the container yard. ssolutionsolutions are The interim reports and stock exchange releases are rrecyclingecycling ccranesranes designed and supplied available on the company’s website at www.cargotec.com, include robust TTerminalerminal ttractorsractors for bulk terminals and Kalmar where you can also request that the material be sent to your cranes used in are used for short transloading. Bulk terminals Sörnäisten rantatie 23 e-mail address. In addition, fi nancial reports can logging trucks, durable harvester distance movement in ports, are also supplied with storage P.O.Box 61 be ordered by mail from Cargotec Corporation, and forwarder cranes, as well as industrial production or distribution solutions. Investor Relations and Corporate Communications, FI-00501 Helsinki, Finland cranes used in the recycling centres. They can also be used in Tel. +358 204 55 11 P.O. Box 61, FI-00501 Helsinki, Finland, by e-mail from industry and as stand-alone RoRo-activities to pull loads in and Hiab, Kalmar ja MacGREGOR offer Fax +358 204 55 4286 [email protected], by phone from industrial units. out of vessels. wide range of service including [email protected] +358 204 55 4284, or by fax from +358 204 55 4275. service contracts, maintenance www.kalmarind.com Kalmar FForkliftorklift ttrucksrucks and repairs, condition monitoring, are used in ports for handling spare parts as well as conversions SShip-to-hip-to- containers and other heavy loads and modernizations. sshorehore cranescranes as well as in heavy industries for handling like timber, pulp, paper MacGREGOR are designed and steel. Sörnäisten rantatie 23 for effi cient loading P.O.Box 61 and unloading of containers from LLogog sstackerstackers are FI-00501 Helsinki, Finland ship to quay. They are used in large used in the forest Tel. +358 204 55 4299 ports and container terminals. industry for unloading round Fax. +358 204 55 4667 wood from trucks and railroad [email protected] cars and transporting it to stock www.macgregor-group.com or production process. Implementation of Cargotec’s Growth Strategy in 2006, p. 9 In 2006 Cargotec continued to implement its strategy through organic growth and by signing several acquisition and service contracts in all of its business areas. Cargotec’s Year 2006, p. 6 Load Handling, p. 16 Container and Heavy Load Marine Cargo Flow During the year, Cargotec Hiab is the global market Handling, p. 19 Solutions, p. 22 received major orders. The leader in on-road load han- Kalmar, the leading provider MacGREGOR’s marine cargo new president and CEO took dling solutions for moving, of container and heavy load fl ow solutions and related up his duties, the company lifting, loading and unloading handling equipment, has services are used in general fi ne-tuned its strategic prior- products, goods or raw mate- activities in terminals, ports, cargo, bulk, container and ities, and the Executive Board rial from vehicles. heavy industry and distribution RoRo vessels as well as in was renewed. centers. tankers and bulk terminals. Cargotec 2006 Board of Directors´ Report and p. 2 Cargotec in Brief Financial Statements 2006 p. 4 CEO’s Message p. 43 Board of Directors´ Report p. 6 Cargotec’s Year 2006 p. 51 Consolidated Financial Statements (IFRS) p. 8 Vision and Strategy p. 99 Financial Statements of the Parent Company (FAS) p. 9 Implementation of Cargotec’s Growth Strategy in 2006 p. 101 Key Figures p. 12 Market Overview p. 104 Shares and Shareholders p.