Cavotec has published its Annual Report 2019 on the company’s website: http://ir.cavotec.com/annual-reports. The Report is available in English. Printed copies of the Annual Report can be ordered at investor@cavotec.com. ENDS For further details please contact: Johan Hähnel Investor Relations
To be held on Wednesday, May 13, 2020, in Lugano, Switzerland at 13.00 CEST at Cavotec SA headquarters in Lugano, Switzerland (Via Giovan Battista Pioda 14, CH-6900 Lugano, Switzerland). Important communication: no personal attendance and exercise of rights exclusively through the Independent Proxy
Cavotec has won two fuelling orders worth more than EUR 5 million, confirming its position as a preferred supplier of advanced systems for the global aviation fuelling market. The new orders include the manufacture and supply of 100 aviation fuelling pits for two installations, one in the US and
Cavotec has received a repeat order from Fjord1 in Norway – one of the world’s largest operators of e-ferries – to equip two new berths with its next generation Automatic Plug-in System (APS) for charging of e-ferries. The APS solution will charge three e-ferries on the Halsa and Kanestraum route.
Revenues for Q1 2020 expected to decrease 15-20% compared to Q1 2019, due to government decision to close down businesses in Italy, including Cavotec’s production facility, leading to postponements of deliveries to customers Remaining production units in the USA, Europe and Asia are fully
Stable revenue and order book – Significantly improved profitability and cash flow OCTOBER–DECEMBER 2019 Order book stable at EUR 100.0 million (100.1) Order intake decreased 13.7% to EUR 38.2 million (44.2) Revenues decreased 2.1% to EUR 47.8 million (48.8) EBIT excluding non-recurring items
New target of an annual adjusted EBIT margin of more than 10% within two years and more than 12% within five years Remaining financial targets unchanged Mikael Norin, CEO, says: “The transformation we started in the fall of 2017 is now finalized. We have completed a thorough reorganisation and
The Nomination Committee of Cavotec SA (“Cavotec”) consists of members appointed by Cavotec’s Board of Directors, in accordance with Cavotec's Internal Regulations. The composition of the members of the Nomination Committee presented below is in line with the recommendations of the
Further improved profitability on the back of stable revenues July–September 2019 Order intake increased 36.1% to EUR 50.6 million (37.2) Revenue decreased -1.5% to EUR 48.4 million (49.2) EBIT excluding non-recurring items amounted to EUR 3.7 million (2.1), corresponding to a margin of 7.6%
Cavotec SA will publish its Q3 report 2019, 8 November 2019 at 07:00 CET. A conference call, including a short presentation of the report for shareholders, analysts and media will be held 8 November at 10:00 CET, followed by a Q&A session. The presentation will be held by Cavotec’s CEO Mikael
