The stock price of Kalmar on the Helsinki Stock Exchange fluctuated on Monday as Hiab and MacGregor, which remain in Cargotec, were priced significantly higher. Cargotec split into two, with Kalmar becoming a new separate listed company. The combined value of the shares exceeded Friday’s closing price, with Kalmar expecting an operating profit of around 11% in relation to net sales.
The split resulted in Kalmar and Hiab remaining in Cargotec while MacGregor is for sale. The division of Cargotec roughly doubled the company’s value, with the share price fluctuating throughout the day. Kalmar’s share started at 37 euros but fell to just under 29 euros by the afternoon. The remaining Cargotec share was priced significantly higher on Monday, with the total value of the stocks still exceeding the Friday closing price.
About 40% of Cargotec’s ownership is held by Herlin’s family companies and the foundation. Kalmar updated its assessment of business profitability this year, expecting a comparable operating profit despite expenses from the division. The market is waiting to see what the valuation of MacGregor, which is up for sale, will be. Overall, the split has had a significant impact on Cargotec’s stock prices and market value.
Investors should stay informed about company developments such as splits and sales to make informed investment decisions in this dynamic environment where prices change constantly based on various factors.
