Cargotec Corporation Announces Recent Share Repurchase
Cargotec Corporation Recent Share Repurchase Overview
Cargotec Corporation has announced a successful share repurchase, reinforcing its commitment to enhancing shareholder value. The company has recently bought back shares, reflecting its strong financial health and strategic direction.
Details of the Share Repurchase
On a recent trading day at the Helsinki Stock Exchange, Cargotec Corporation executed a share repurchase involving 15,000 shares identified by the ticker CGCBV. The average price per share for this repurchase was approximately EUR 46.9388, resulting in a total expenditure of about EUR 704,082.00. This action is part of Cargotec's broader financial strategy aimed at optimizing capital allocation.
Current Shareholding Status
Following this repurchase, Cargotec Corporation's total held shares increased to 494,050. This includes the shares procured during the most recent transaction, further solidifying its market presence.
Company Profile and Operations
Cargotec Corporation operates through its renowned businesses, Hiab and MacGregor, which focus on innovative and sustainable cargo handling solutions. The company's initiatives target both road and maritime cargo flow, making it a leader in the industry.
Hiab's Contributions
Hiab specializes in delivering smart and sustainable load-handling solutions for road transport. They emphasize customer satisfaction by fostering partnerships and engaging with their clients diligently. Their focus on innovation and sustainability has set them apart in the marketplace.
MacGregor's Leadership in Marine Solutions
MacGregor leads in maritime cargo handling, providing robust services and solutions that enhance efficiency on vessels. With a commitment to sustainability and performance, MacGregor continues to innovate in cargo handling for the maritime industry.
Financial Performance and Workforce
In the last fiscal year, Cargotec Corporation reported sales totaling approximately EUR 2.5 billion. The company's success can be attributed to its skilled workforce, comprising over 6,000 employees dedicated to driving performance and innovation across all business units.
Contact Information
For further information, interested parties can reach out to Aki Vesikallio, Vice President of Investor Relations, at +358 40 729 1670. Cargotec Corporation is committed to transparency and open communication with stakeholders and investors alike.
Frequently Asked Questions
What is the purpose of Cargotec's share repurchase?
The share repurchase aims to enhance shareholder value and demonstrates the company's strong financial conditions.
How many shares did Cargotec repurchase?
Cargotec repurchased a total of 15,000 shares during the latest transaction.
What is the average price of the repurchased shares?
The average price per share for the recent repurchase was approximately EUR 46.9388.
What are Cargotec's main business segments?
Cargotec operates primarily through Hiab and MacGregor, focusing on smart cargo handling solutions for road and maritime sectors.
How can investors contact Cargotec for more information?
Investors can contact Aki Vesikallio, Vice President of Investor Relations, at +358 40 729 1670 for further inquiries.
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