Revenues for the quarter decreased 23.6%, amounting to EUR 60.2 million (4Q15: 78.8). Quarterly operating result (EBIT) ended with a profit of EUR 5.9 million (4Q15: 8.8), including non-recurring cost of EUR 2.6 million, corresponding to a margin of 9.8% (4Q15: 11.1%).
Cavotec will publish its 4Q16 Report & FY2016 Summary on Wednesday 22 February 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 Ottonel Popesco, CEO and Kristiina Leppänen,
The Board of Directors of Cavotec SA is pleased to announce that Mikael Norin has been appointed CEO of the Cavotec Group. Mikael Norin will join Cavotec on May 1, 2017 and will, after a transition period, assume full responsibility as CEO on July 1, 2017.
Global engineering group Cavotec has been awarded significant orders for its innovative systems for marine propulsion, shore power supply, and crane electrification systems, with a combined value of EUR 10.0 million, highlighting the Group's pivotal position in the global Ports & Maritime segment.
Cavotec SA 's previously announced strategic plan and new organisational structure — based on two distinct Business Units (BU) , Ports & Maritime and Airports & Industry — entered into effect on January 1, 2017 . The new structure will also form the basis of the company's financial reporting going
Cavotec has won a number of orders for its innovative aircraft ground support systems for applications in Australia, China, Colombia, Germany, Italy and the US, the largest of which is for Hong Kong International Airport. The orders, all received in 4Q16, have a combined value of more than EUR 11
Chairman Stefan Widegren and CEO Ottonel Popesco to hand over leadership of Cavotec SA ("the Company") during 2017. Patrik Tigerschiöld has been appointed as Deputy Chairman. The new strategic plan envelopes wide ranging strategic and organisational changes, marking a new phase for Cavotec and
The Cavotec MoorMaster™ automated mooring order for the Port of Salalah, announced earlier today, is valued at approximately EUR 10 million for 16 MoorMaster™ units and a three-year maintenance contract. As announced, Cavotec is to supply 16 MoorMaster™ MM400E units for container berths 3 and 4 at
Marine systems innovator Cavotec has won important MoorMaster™ automated mooring orders from existing MoorMaster™ customer, the Port of Salalah in Oman, for use at two container berths — another sign of the increasing acceptance of this innovative mooring technology by the global shipping sector.
This is a summary of the 3Q16 report published today. The complete 3Q16 report and full year summary with tables is available at http://investor.cavotec.com/results.cfm. Investors should not rely on summaries only, but should review the complete reports with tables.