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
Lower revenue but positive results JANUARY–MARCH 2020 Revenues decreased -20.3% to EUR 38.7 million (48.5) EBIT decreased to EUR 0.8 million (1.4), corresponding to a margin of 2.1% (2.9%) Net result for the period was EUR 2.1 million (0.7) Earnings per share basic and diluted amounted to EUR
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
