Cavotec is to supply automated vacuum mooring systems for ports in Australia and New Zealand, and automated e-charging systems for the world’s first fleet of zero-emission, autonomous battery powered ships in Norway. Automated mooring will maximize operational availability, reduce infrastructure
Positive EBIT and cash flow on lower revenues JULY–SEPTEMBER 2020 Revenue decreased -22.5% to EUR 37.5 million (48.4). Ports & maritime decreased -21.9% and Airports & Industry decreased -22.9% EBIT decreased to EUR 0.7 million (3.1), corresponding to a margin of 2.0% (6.4%) Net result for
Shipping companies and ports worldwide can now make every minute matter, significantly reducing fuel consumption and increasing port productivity, with simpler and faster implementation of Cavotec’s next generation automated vacuum mooring solution. Cavotec, the world’s leading manufacturer of
Cavotec, the world’s leading manufacturer of connection and electrification solutions for ports, airports and a wide variety of industrial applications, will open a new innovation center in the Netherlands at the beginning of 2021. Focusing primarily on the maritime sector, the new center will be
The Nomination Committee of Cavotec SA (“Cavotec”) consists of members appointed by Cavotec’s Board of Directors, in accordance with Cavotec's Internal Regulations. However, the composition of the members of the Nomination Committee presented below is in line with the recommendations of the
An innovative high-power e-truck charging solution, developed by Cavotec in partnership with the Port of Long Beach (POLB) and International Transportation Service (ITS), has won the American Association of Port Authorities (AAPA) 2020 Facilities Engineering Award . The POLB Smart e-Truck
Cavotec SA hereby invites you to participate in an investor information meeting in Stockholm. CEO Mikael Norin and CFO Glenn Withers, together with select members of the Executive Management Team, will give an update on the company’s execution during the Corona pandemic and on future strategy and
Resilient profitability and cashflow despite lower revenue APRIL–JUNE 2020 Revenues decreased -18.2% to EUR 42.0 million (51.4). Ports & maritime decreased -2.8%, Airports & Industry decreased -28.4% EBIT increased to EUR 2.8 million (2.5), corresponding to a margin of 6.6% (4.8%) Net result
Cavotec has during the past months conducted a competitive process to procure a new long term credit facility, resulting in competing bids involving several bank consortia. After careful evaluation Cavotec has chosen a consortium led by Credit Suisse to provide a five year credit facility as it
Cavotec SA ("the Company") today, May 13, 2020 held its Annual General Meeting ("AGM") in Lugano, Switzerland, chaired by Roberto Italia. Annual Report, Financial Statements and Consolidated Financial Statements for the year 2019, Report of the Statutory Auditors The AGM adopted the Board of
