According to Art.13 of the current Articles of Association, as well as according to Art.3 of the Federal Ordinance on Excessive Compensation, the directors are elected each year to hold office until the following annual shareholders' meeting. Directors may be re-elected.
Cavotec's Annual Report 2017 has today been published on the Group's website. The Annual Report includes both detailed financial information for FY17 as well as extensive narrative on the Group's global operations. The document can be downloaded on Cavotec's investor relations website
Transformation plan progressing Fourth quarter 2017 Revenues for the quarter amounted to EUR 56.6 million, a decrease of 6.0% compared to previous year (60.2). EBIT excluding non-recurring items amounted to EUR 6.9 million (8.5), corresponding to a margin of 12.2% (14.1%).
Cavotec will publish its 4Q17 Report & FY2017 Summary on Friday 23 February 2018 at approximately 08:00 CET. A conference call for shareholders, analysts and media will be held at 10:00 CET. Participating on the conference call from Cavotec will be CEO Mikael Norin and Kristiina Leppänen, CFO &
Cavotec SA is pleased to announce today that Mr. Patrick Baudin has been appointed President of Cavotec Services. Mr. Baudin will join Cavotec on February 12, 2018 based at the company's headquarters in Lugano, Switzerland. Mr. Baudin will report to Cavotec Group CEO, Mikael Norin, and will be a
Cavotec SA is pleased to announce today that Mr. René Meldem has been appointed Group Senior Vice President and Chief Human Resources Officer of the Cavotec group. Mr. Meldem will join Cavotec on February 12, 2018, based at the company's headquarters in Lugano, Switzerland. Mr.
Transformation in progress One-time charges hurting profitability Third quarter 2017 Order intake reached EUR 39.1 million (3Q16: 46.5), a decrease of 15.8% compared to previous year. Order book decreased 2.9% to EUR 97.5 million (3Q16: 100.4). Revenues for the quarter totaled EUR 52.2 million,
Cavotec will publish its 3Q17 Report on Tuesday 31 October 2017 at approximately 12:00 CET. A conference call for shareholders, analysts and media will be held at 13:00 CET. Participating on the conference call from Cavotec will be CEO Mikael Norin and Kristiina Leppänen, CFO & IR.
Isabelle Scherer-Friedhoff will join Cavotec as Group Legal Counsel on November 1 and be based at the headquarters in Lugano, Switzerland. She will join the Senior Management Team and report directly to Chief Executive Officer Mikael Norin. Scherer-Friedhoff joins Cavotec from the global