Cavotec will focus resources and make investments to further develop its leading position within electrification and automation for improved sustainability in its fast-growing ports & maritime and specialized industrial applications markets and, as a consequence, will divest its Airports business.
Cavotec has published its Annual Report 2020 on the company’s website: https://cavotecsa.gcs-web.com/financial-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
Resilient profitability and record cashflow despite lower revenue OCTOBER – DECEMBER 2020 Revenue decreased -15.7% to EUR 40.3 million (47.8). Ports & Maritime decreased -20.8% and Airports & Industry decreased -11.3% EBIT excluding non-recurring items decreased to EUR 1.0 million (5.6),
Following his appointment as CEO of international investment group Verlinvest earlier this year Roberto Italia has decided to resign from Cavotec’s Board of Directors with immediate effect to focus on that role. Roberto Italia has been a board member of Cavotec since 2018.
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
